Saudi Arabia will share intelligence, says Mohammed bin Salman : Bulletin: Business Today
Business Today
 

Saudi Arabia will share intelligence, says Mohammed bin Salman

Loading the player...

February 21, 2019

How traders in Pakistan are hit after India's customs duty hike

Traders in Pakistan have been severely hit after India raised customs duty on the import of all Pakistani goods by over 200 per cent. Reports say, traders, especially those dealing in fresh fruits, cement, and cotton with India, have been affected as the high customs duty has almost put an end to the entire export activity with India.  The ripple effect of the customs duty hike will ultimately affect small traders who are staring a huge financial losses, say experts.

Anil Ambani's Reliance Communications' stock value has eroded over 95% since 2006


Anil Ambani-led Reliance Communications' market capitalisation has declined over 90 per cent of what it was when the shares debuted on Bombay Stock Exchange on March 6, 2006. With Wednesday's decline, the market capitalisation of RCom, which is going through debt resolution process under Insolvency and Bankruptcy Code, plunged as much as 95.49 per cent to Rs 1,604 crore since its listing on the bourses.
 
Saudi Arabia will share intelligence, says Mohammed bin Salman

Saudi Crown Prince Mohammed bin Salman on Wednesday said his country would share intelligence with India as Prime Minister Narendra Modi raised the issue of terrorism in a joint statement. "Extremism and terrorism are our common concerns. We would like to tell our friend India that we'll cooperate on all fronts, be it intelligence sharing. We'll work with everyone to ensure a brighter future for our upcoming generations," the Crown Prince said. Mohammed bin Salman's visit to India has been shadowed by the Pulwama terror attack

Foreign direct investment drops 7% to $33.49 billion between April and December

Foreign direct investment (FDI) into India contracted by 7 per cent to USD 33.49 billion during April-December in the current fiscal, according to commerce and industry ministry data. Foreign fund inflows during April-December 2017-18 stood at USD 35.94 billion. The key sectors that received the maximum foreign investment during the nine months of the fiscal include services (USD 5.91 billion), computer software and hardware (USD 4.75 billion), telecommunications (USD 2.29 billion), trading (USD 2.33 billion), chemicals (USD 6.05 billion), and the automobile industry (USD 1.81 billion).
 
Now, Reliance Jio will help you resolve your loan queries

To leverage its over 270 million-subscribers strength, Reliance Jio has now entered the loan segment. In partnership with India's third largest private lender Axis Bank and a loan aggregation platform RupeeBoss, the Mukesh Ambani-owned telecom major has developed an Artificial Intelligence (AI)-driven loan assistance product called 'The Loan Genie', which will be integrated in the MyJio app.

Govt to infuse Rs 48,239 crore in 12 public sector banks

The government Wednesday decided to recapitalise 12 public sector banks with Rs 48,239 crore. Rajeev Kumar, Secretary, Department of Financial Services, Ministry of Finance tweeted the announcement. The approval also includes fraud-hit Punjab National Bank.


More from this section