An income redistribution plan will not end poverty
The BJP and the Congress have announced separate income redistribution plans ahead of the general election. While the Congress has promised a Minimum Income Guarantee […]
Month: February 2019
Mukesh Ambani to invest $1.4 bn in Bengal, will help e-commerce expansion
Reliance Industries will invest 100 billion rupees ($1.4 billion) in West Bengal, a part of which would fund the company’s new e-commerce venture, its chairman […]
Jet Airways grounds four aircraft after failing to pay lessors
India’s Jet Airways Ltd has grounded four aircraft after failing to make payments to lessors, in a sign that leasing firms are losing patience with […]
House panel raps rating agencies for not anticipating IL&FS situation
A parliamentary panel wants the finance ministry to spell out steps to make India’s credit rating agencies more accountable and transparent in the backdrop of […]
Sensex tanks 425 points, Nifty below 11,000
Both Sensex and Nifty ended over 1% lower on Friday following a steep decline in auto stocks led by Tata Motors and broadly negative global […]
IndiGo seeks RBI nod to use rupees for onboard sales on international flights
Budget airline IndiGo has approached the Reserve Bank seeking relaxation in foreign exchange norms regarding use of Indian rupees for onboard sales in international flights. […]
SBI cuts interest rate by 5 basis points on home loans up to Rs 30 lakh
Within a day of RBI reducing repo rate by 25 basis points, the country’s largest lender State Bank of India Friday announced a cut in […]
Informal sector workers can join PMSYM pension scheme from Feb 15
All unorganised sector workers up to 40 years of age can subscribe to the Pradhan Mantri Shram Yogi Maandhan (PMSYM) scheme, which entails a minimum […]
Sensex ends 151 points lower, Nifty short of 10,900
Major equity indices traded in the red throughout the day on Monday ahead of the key macro-data release on Tuesday, with Sensex closing 150 points […]
Amazon to acquire mesh Wi-Fi router startup ‘Eero’ to help connect home devices
Amazon.com Inc. has agreed to acquire Eero, a builder of Wi-Fi-networking tools, in another deal aimed at bolstering the retail and technology giant’s home devices […]