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BusinessToday.in
New Delhi, August 16, 2018
RBI has rejected Kotak Bank promoter Uday Kotak's proposal to mandatorily lower the promoter stake to 20 per cent; India's trade deficit is now at a 5-year high of over $18 billion; and gross NPAs in the banking sector have shot up to Rs 10.3 lakh crore. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
August 16, 2018
The rupee set a new all-time low record today, staying above the psychologically-important 70 mark against the US dollar. Here are the factors weighing down the rupee.


BusinessToday.In
August 16, 2018
The currency fell 42 paise to hit a fresh all time low of 70.32 intra day. Earlier, it opened 35 paise lower to 70.25 level compared to the US dollar.


Mail Today Bureau
August 16, 2018
Arun Jaitley was referring to the RBI's foreign exchange reserves which stood at $402.70 billion in the week ended August 3 which provides a comfortable cushion.


BusinessToday.in
New Delhi, August 15, 2018
As the rupee hit another low, breaching the 70 mark against US dollar and the tariff war between the United States and China starts to affect India, BusinessToday.In Editor Rajeev Dubey analyses the economic situation of the country. Watch him discuss rising inflation, skyrocketing oil prices, lack of jobs and other challenges that the government faces.


PTI
August 14, 2018
The sharp surge in imports led to worsening of trade deficit to $18.02 billion in the reporting month as against a deficit of $11.45 billion during July 2017.


BusinessToday.In
August 14, 2018
Given the record low of 70.08 per dollar that the rupee slipped to today, it's hard to imagine a time when it could hold its own against the US dollar.


BusinessToday.In
New Delhi, August 13, 2018
The first Gulf War (1990), which sent crude oil prices surging again, the downgrade by global credit rating agencies and the disintegration of the Soviet Union all brought on a massive balance of payment crisis in India.


BusinessToday.In
New Delhi, August 10, 2018
Without the knowledge of the Ministry of Defence, the Central Board of Excise and Customs had published details, including unit prices, of all defence products like bolts, missiles, and nuclear reactor parts India imported between 2004 and 2016, on its website.


BusinessToday.in
New Delhi, August 9, 2018
The mission chief of IMF described India as an elephant that is starting to run; after failed divestment bid, Civil Aviation Ministry plans Rs 11,000 crore bailout package for Air India; and China records first current account deficit in nearly 2 decades. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, August 9, 2018
The new policy proposes to revamp the Industrial Policy of 1991, and has been billed as the first major overhaul in nearly three decades.


BusinessToday.In
New Delhi, August 8, 2018
PNB posts Rs 940 crore Q1 loss amid decline in NPAsScam-hit Punjab National Bank (PNB) reported a loss of Rs 940 crore for the June quarter of financial year 2018-19. The public sector lender had posted a net profit of Rs 343.40 crore in the same quarter of last fiscal. This is the second consecutive quarterly loss for the second biggest state-run lender. The scam-hit bank had recorded biggest ever quarterly loss of Rs 13,417 crore for the January-March period on the back of Nir...


BusinessToday.In
August 8, 2018
Last month, the government had doubled import duty on over 50 textile products - including jackets, suits and carpets - to 20 per cent, a move that was aimed at promoting domestic manufacturing.


BusinessToday.in
New Delhi, August 7, 2018
India hopes to bring back fugitive businessman Mehul Choksi from Antigua under a law that allows Antigua to extradite a person to a Commonwealth nation; the reimposed US sanctions on Iran came into effect on Aug 6 and that has major implications not just for Iran but also for countries like India; and the Indian banking sector has undeclared loans non-performing assets worth Rs 3.1 lakh crore.  BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


BusinessToday.In
New Delhi, August 7, 2018
According to the committee, the RBI should have engaged more in consultations with stakeholders on the matter before resorting to discontinuation of LoU/LoCs [letters of comfort].


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.


Anand Adhikari
New Delhi, August 6, 2018
India's macroeconomic parameters are sliding at a time when the world is staring at a full-blown trade and currency war.


Anilesh S. Mahajan
New Delhi, August 6, 2018
Imran Khan's priority will be to get the economy back on track.


BusinessToday.in
New Delhi, August 6, 2018
Banks collect Rs 5,000 cr as minimum balance penalty in FY 2017-18As many as 21 public sector banks (PSBs) and three major private sector lenders have collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18. Among the PSBs, the State Bank of India emerged the highest earner with Rs 2433 crore penalty - nearly half of the total collection.PM Modi to inaugurate India Post Payments Bank on August 21Prime Minister Narendra...


PTI
August 5, 2018
An analysis by the industry chamber CII revealed that India should focus on the US market for items in the categories of machinery, electrical equipment, vehicles and transport parts, chemicals, plastics and rubber products.


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