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BusinessToday.in
New Delhi, August 14, 2018
Retail inflation slows down to 9-month low level in JulyRetail inflation plunged to a 9-month low of 4.17 per cent in July as vegetable prices fell, strengthening views that the RBI will keep interest rates on hold at its review in October after raising them for a second straight meeting on August 1. The RBI has raised the key repo rate by 0.25 per cent each on inflationary concerns. The next bi-monthly policy is to be unveiled on October 5. Ease of Living Index: Pune ranks first in 'liveability', Delhi languishes at 65The Ease of Living Index 2018 released by Union Minister Hardeep Singh Puri on Monday has thrown surprises, with few most prominent cities failing to make a cut in the top 10. Of total 111 cities ranked under the index, Pune has been ranked first while Navi Mumbai has surfaced as the second preferred spot in terms of 'liveability'. However, the national capital Delhi has failed to make it to the top 50, ranking much below cities like Vijayawada and Bhopal at number 65. Chennai was also ranked at number 14, while Kolkata refused to participate in the survey.PNB scam: Govt dismisses Usha Ananthasubramanian from service, gives CBI permission to prosecuteNearly three months after Allahabad Bank divested its MD & CEO Usha Ananthasubramanian from all functional responsibilities, the government today dismissed her from service, according to an official notification. Ananthasubramanian is the former CEO & managing director of scam hit Punjab National Bank. Ananthasubramanian was named in a CBI charge-sheet in the Rs 14,000 crore PNB fraud case but had continued to be an employee of the bank. She was to superannuate today but has been dismissed from the service. The government has also given permission to the CBI to prosecute Ananthasubramanian and Sanjiv Sharan, former executive director of the PNBNew road to cut travel time between Delhi and Gurugram, likely to open by DiwaliThe commuters from Delhi to Gurugram will soon have a new road that will bring down congestion and cut short the travel time. The new road will offer a shorter route for commuters from Dwarka, Najafgar and west Delhi to Gurugram.The new route will connect to Najafgarh-Bijwasan road and is part of Gurugram's Masterplan 2031.Infosys to invest Rs 100 cr in software development centre in Kolkata, create 1,000 jobsIndia's second largest software services firm Infosys has said it will set up a new software development centre in Kolkata with an investment of Rs 100 crore.The centre is expected to provide employment to about 1,000 engineers.The first phase of the project will be completed within 15 months from the date of obtaining all statutory clearances.India's forex reserve is in a \"comfortable range\", says a DBS report. India's forex reserve is in a \"comfortable range\" and another 5-8 per cent fall will not jeopardise the situation, says a DBS report. According to the global financial services major, a challenging global environment has compelled RBI to intervene aggressively this year to contain rupee depreciation, resulting in significant drawdown in foreign reserves. Jet Airways to evaluate funding options to meet liquidity needsIndian carrier Jet Airways has said it is considering various options on priority to meet its funding requirements, reaffirming that its revenue-boosting and cost-cutting measures have started to show results. In a report by Reuters, Jet however ruled out a potential stake sale or plans to monetise its investment in its frequent flier programme, calling media reports on the subject \"purely speculative\".No more queues at CNG pumps! IGL to open 50 more stations in Delhi-NCRIn what might come as a big relief to CNG car owners, Indraprastha Gas Limited (IGL) is planning to come up with 50 more CNG pumps across Delhi-NCR. This is likely to be done by February 2019. As mentioned by an official, the new CNG stations are to come up across Delhi, Noida, Greater Noida, Rewari and Ghaziabad.


Prosenjit Datta
New Delhi, August 9, 2018
Needless to say the rapid changes at the top of Air India does not give any chairman enough time to make any substantive changes to the carrier.


Prosenjit Datta
August 7, 2018
The consumer confidence survey was for the June round, and conducted in six metros - Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai and New Delhi and had 5268 responses.


BusinessToday.In
New Delhi, August 2, 2018
From human development indicators like health and education to economic parameters like tax-to-GDP ratio, currency performance, and current account deficit, Pakistan's track record is dismal on all fronts.


BusinessToday.In
July 29, 2018
The Home Ministry had constituted a panel to look into the issue of Indian passport holders obtaining duel citizenship as has been the case of fugitive diamantaire Mehul Choksi.


Amar Pandit
July 25, 2018
A lot of agents, financial distributors and banks try to call themselves financial advisors or planners. They generously also use the term financial planning/wealth management as and when it pleases them.  Consumers are naturally confused. So how does one evaluate a planner? Ask the following questions and you will have your answer.


Mail Today Bureau
July 17, 2018
Senior advocate Fali S Nariman, counsel for JAL, informed that the Noida-based real estate company has already deposited Rs 750 crore with the Supreme Court's registry and it would pay another Rs 600 crore in seven instalments for paying the principal amount to the homebuyers.


Manu Kaushik
New Delhi, July 9, 2018
Business confidence slides in the first quarter of 2018/19 as businesses feel the pinch of GST and brace for policy inaction and higher interest rates, finds the latest Business Today-C fore Business Confidence Survey.


Manu Kaushik
New Delhi, June 27, 2018
In the recently-concluded disinvestment process, the government could not find a single buyer for the national carrier.


BusinessToday.In
New Delhi, June 21, 2018
RBI Governor Urjit Patel voted for interest rate hike citing inflation risks and related uncertainties while his deputy Viral Acharya felt there was no alternative to it by 25 basis points, as per the minutes of the meeting.


BusinessToday.In
New Delhi, June 18, 2018
According to Jaitley, the 7.7 per cent economic growth in the fourth quarter of 2017-18 'firmly' established India as the fastest growing major economy in the world and the trend is \"likely to continue for the next few years\".


Mudit Kapoor
New Delhi, June 12, 2018
Investors today have a widevariety of options available, a lot of which can fulfill all their investmentcriteria such as high returns, low risk, maintaining liquidity of portfolio andadvantage of tax saving. Public Provident Fund (PPF) and Mutual Fund (MFs) aretwo such investment schemes.


Mudit Kapoor
New Delhi, June 11, 2018
Investing can help you build wealth in the long term. In this article we will try and learn how to formulate an investment plan. An investor makes investments in order to achieve certain financial goals. Risk profiling is the process through which an appropriate investment strategy can be formulated for the investor taking into consideration the risk factor.


Anand Adhikari
New Delhi, June 11, 2018
The bankruptcy proceedings would force Indian banks to book heavy losses. They are now focussed on mini- mising the damage


Maulik Sanghavi
New Delhi, June 8, 2018
A cash crunch need not mean that insolvency is around the corner. CFOs and CEOs must simply apply quick litmus tests and avoid knee jerk reactions to keep a company in the pink of financial health


Joe C Mathew
New Delhi, June 8, 2018
Crisil states that the package will be enough to clear only 40 per cent of the Rs 22,000 crore cane price arrears sugar mills owe to sugar cane farmers.


Reuters
New Delhi, May 24, 2018
In a later statement at the White House, Trump said he had spoken to Defence Secretary Jim Mattis and warned North Korea against any \"reckless act,\" saying, \"Our military is the most powerful in the world.


BusinessToday.In
May 18, 2018
The National Company Law Tribunal (NCLT) yesterday came down heavy on the Jaypee Group, accusing Jaiprakash Associates Ltd. (JAL) and its beleaguered subsidiary Jaypee Infratech (JIL) of \"fraudulent\" transactions.


Deepak Jasani
April 25, 2018
With interest rates on taxable fixed income products coming down, PPF remains an attractive alternative for allocating the debt portion of one's investment portfolio. Currently, PPF investment is earning interest at the rate of 7.6% p.a. (interest rates are subject to reset by the government on a quarterly basis.)


BusinessToday.In
April 24, 2018
The consolidated revenue of the telecom major fell 5.4 per cent to Rs Rs 19,634 crore in Q4. It had posted consolidated revenue of Rs 21,934.60 crore in the same quarter last year.


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