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Have mandate to continue reforms, moving towards New India by 2022: Finance Minister
Finance Minister Piyush Goyal on Friday said the Narendra Modi-led government had the decisive mandate to continue structured reforms and it was moving towards realising a "New India by 2022".
Presenting the budget for 2019-20 in the Lok Sabha, Goyal
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Read more: Have Mandate To Continue Reforms, Moving Towards New India By 2022
Write comment (92 Comments)Domestic stock market advances as Union Minister Piyush Goyal presents the interim Budget 2019 amid strong foreign fund inflows. The S-P BSE Sensex surged as much as 296.41 points to touch 36,553.10, while the Nifty50 barometer of the National
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Read more: Sensex Up 445 Points, Nifty At 10,948 As Piyush Goyal Presents Budget
Write comment (98 Comments)ICICI Bank's gross bad loans as a percentage of total loans fell to 7.75% at the end of December
ICICI Bank on Wednesday reported a net profit of Rs 1,604.91 crore for the October-December period. That marked a decline of 2.8 per cent from a net profit of Rs 1,650.24 crore reported for the quarter ended December 31, 2017, according to a regulatory
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Read more: ICICI Bank Posts Rs 1,605 Crore Profit For December Quarter
Write comment (97 Comments)Budget 2019: Piyush Goyal announced an allocation of Rs 75,000 crore for the scheme.
The government today said a "PM Kisan Samman Nidhi" programme would provide direct income support for small farmers, in one of its widely anticipated announcements ahead of the national election, due by May.
"The government has made a historic plan called
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Read more: Rs 6,000 Direct Cash Transfer For Small Farmers: Minister Piyush Goyal
Write comment (100 Comments)Stock markets are likely to start on a positive note on Friday, ahead of the Budget presentation in Parliament by Union Minister Piyush Goyal. The SGX Nifty was last seen trading 43.5 points, or 0.4 per cent, higher at 10,898.55 on the Singapore Exchange. The SGX Nifty is an early indicator of the NSE (National Stock Exchange) Nifty in India. On T
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Read more: Markets Likely To Open Higher Ahead Of Budget Announcement
Write comment (99 Comments)Similarly, sovereign gold advanced by Rs 200 to Rs 25,900 per piece of eight grams.
Extending its upward trend, gold prices on Wednesday rose by Rs 320 and crossed the Rs 34,000 mark per 10 grams at the bullion market here mirroring firm trend overseas, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. The
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Read more: Gold Prices Rise For Fourth Straight Day, Cross 34,000 Rupees: 5 Points
Write comment (98 Comments)Minister of State for Railways Manoj Sinha on Friday morning said that he was expecting more investment in railways from the Interim Budget for 2019-20, which Finance Minister Piyush Goyal will present in the Lok Sabha at 11 am.
The way the Central government has increased the investment in railways, from installing CCTV cameras to
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Read more: MoS Railways Expects More Investment
Write comment (96 Comments)A pre-election budget usually covers the period until a new government takes office.
Prime Minister Narendra Modi has a last-ditch attempt to win voters with possible populist spending measures in tomorrow's budget, risking his debt targets in the process.
PM Modi is feeling the heat after his ruling Bharatiya Janata Party lost control of three key
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Read more: Tomorrow, PM Modi's Big Chance to Woo Voters Before Polls
Write comment (92 Comments)Budget 2019: This will be the last budget before the general election due by May this year.
The government will present the interim Budget 2019 on February 1. This will be the last budget before the general election due by May this year. From industry experts to common public, all eyes will remain on Budget announcements for any signs of changes in
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Read more: What Property Consultants Expect From Budget 2019
Write comment (93 Comments)Union Minister of Agriculture and Farmers' Welfare Minister Radha Mohan Singh on Friday asserted that the last five budgets of the Prime Minister Narendra Modi led government have been dedicated to the farmers and this budget shall also be no different.
Speaking to ANI Singh said: The last five budgets have been dedicated to the farmers,
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Read more: Last 5 Budgets Have Been For Farmers, This Too Will Be For Them: Radha Mohan Singh
Write comment (92 Comments)SBI is also working to increase the amount of money it sets aside for soured corporate loans.
Country's largest lender is finding fear can be a potent weapon in recovering loans.
With 1.8 lakh crore rupees ($25 billion) in bad corporate debt to clean up, State Bank of India is having an easier time negotiating with founders keen to avoid the
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Read more: Madam, Don't Send Us to Insolvency Court, India Firms Tell Bank
Write comment (97 Comments)The company posted a 16.1 per cent rise in revenue from operations in the third quarter.
Power producer NTPC posted a 1 per cent rise in December-quarter profit on Wednesday, missing estimate, as higher expenses weighed.
Third-quarter profit after tax from continuing operations came in at Rs 2,385 crore ($335.16 million), marginally higher from Rs
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Read more: NTPC Posts Rs 2,385 Crore Quarterly Profit, Misses Analysts' Estimates
Write comment (99 Comments)Much-awaited interim budget copies on Friday reached the Parliament.
Finance Minister Piyush Goyal, who examined the final copy of the interim budget document on Thursday evening here, will present the budget in the Lok Sabha at 11 am.
Goyal was appointed interim Finance Minister on January 23 with Arun Jaitley undergoing treatment in the
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Read more: Interim Budget Copies Reach Parliament
Write comment (96 Comments)The H-1B visa allows US companies to employ foreign workers in speciality occupations.
As part of its effort to give greater chance to foreign workers who have received higher education from the US, the Donald Trump administration on Wednesday formally announced a new rule related to the filing of H-1B visas, asserting that it is more
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Read more: US Announces New Rule For Filing H-1B Visas
Write comment (97 Comments)Domestic stock markets finished Wednesday's range-bound session on a flat note as investors remained on the sidelines ahead of multiple macro pointers this week including the interim budget on Friday and China-US trade talks. The S-P BSE
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Read more: Sensex Closes At 35,591, Nifty At 10,651 As Markets End Flat: 10 Points
Write comment (100 Comments)Saddled with debt of about $1.14 billion, Jet Airways has been hit by fierce competition
Jet Airways has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden carrier, the Business Standard newspaper said, sending Jet's shares soaring as much as 18 per cent on Friday.
Both airlines are set to sign a
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Read more: Jet Airways Accepts Etihad Bailout Plan: Report
Write comment (92 Comments)The rupee on Wednesday had weakened by just 1 paise to close at 71.12 against the dollar.
The rupee appreciated by 26 paise to 70.86 against the dollar in opening trade on Thursday, driven by weakening of the greenback in overseas markets after the Federal Reserve kept interest rate unchanged. The dollar weakened in overseas market after
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Read more: Rupee Advances By 26 Paise To 70.86 Against Dollar
Write comment (94 Comments)Sales volume surged 26 per cent, helping total revenue from operations jump 16 per cent
Bajaj Auto posted a higher profit on Wednesday, exceeding analysts' expectations, as the company sold more motorcycle units during the quarter.
Profit rose to Rs 1,102 crore ($154.72 million) for the three months ended December 31, compared with Rs 952 crore a
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Read more: Bajaj Auto Posts Rs 1,102 Crore Quarterly Profit, Beats Street Estimates
Write comment (100 Comments)Budget 2019: Union Minister Piyush Goyal held up the red briefcase ahead of the interim budget.
The familiar "red briefcase" made its annual appearance this morning as Union Minister Piyush Goyal smiled for the cameras before presenting the Interim Budget. Down the years, it has not always been red; the briefcase has been black, tan and
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Read more: Interim Budget: The Curious History Of The "Red Briefcase"
Write comment (98 Comments)Domestic stock markets started Thursday's session on a higher note tracking positive global cues. The S-P BSE Sensex rose as much as 436.4 points to touch 36,027.65, while the Nifty50 barometer of the National Stock
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Read more: Sensex Surges Over 400 Points, Nifty Crosses 10,750: 10 Things To Know
Write comment (96 Comments)Average gross refining margin declined to $5.83 per barrel in the April-December period
Indian Oil Corp (IOC) reported nearly 91 per cent slump in quarterly profit on Wednesday, as a plunge in global crude prices took a toll on margins of oil refiners and marketing companies.
The three public sector companies - IOC, Bharat Petroleum Corp and
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Read more: Indian Oil Reports 91% Slump In December Quarter Profit
Write comment (90 Comments)Government is set to step up rural welfare spending by 16 per cent for the fiscal year beginning April
Prime Minister Narendra Modi's government is expected to try and shore up its political support with big ticket farm giveaways and tax cuts for the middle class in its final budget on Friday, months before elections.
PM Modi is facing growing
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Read more: Government Hopes To Win Over Farmers, Middle Class With Budget
Write comment (96 Comments)The US Federal Reserve on Wednesday left interest rates unchanged, in line with market expectations, reaffirming its position to be patient with future rate hikes.
In support of the goals to foster maximum employment and price stability, the Federal Open Market Committee decided to maintain the target range for the federal funds rate at
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Read more: Federal Reserve Leaves Interest Rates Unchanged
Write comment (96 Comments)The report also said the Centre may not opt for more borrowing to fund the deficit.
With the code of conduct for the upcoming general election likely to kick in during the period between late February and early March, intense pressure is being mounted on the Reserve Bank of India (RBI) and its new Governor Shaktikanta Das to part with a
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Read more: Much Pressure On RBI To Part With Reserves Ahead Of Elections: Report
Write comment (90 Comments)On Thursday, the rupee had settled 4 paise higher at 71.08 against the dollar.
The rupee on Friday depreciated by 9 paise to 71.17 in early trade on the forex market amid strengthening of the American currency and caution ahead of interim budget. Forex traders said strengthening of the US dollar against some currencies overseas, focus on interim
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Read more: Rupee Slips By 9 Paise To 71.17 Against Dollar
Write comment (91 Comments)Sanjiv Singh told reporters IOC has not yet finalised from which company it would buy US oil.
Indian Oil Corp, the country's top refiner, is looking for an annual deal to buy US crude as it seeks to broaden its oil purchasing options, its chairman said on Wednesday, amid uncertainties over imports from Iran. Washington in November granted a
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Read more: Indian Oil Looking For Annual Deal To Buy Oil From US
Write comment (100 Comments)On Tuesday, the rupee had settled 1 paise lower at 71.11 against the dollar.
The rupee depreciated by 25 paise to 71.36 against the dollar in early trade on Wednesday amid strengthening of the American currency and rising crude prices. Forex traders said strengthening of the dollar against some currencies overseas and sustained foreign fund
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Read more: Rupee Slips By 25 Paise To 71.36 Against Dollar
Write comment (98 Comments)Shiv Pratap Shukla said the government would do whatever it could within the limits of a vote-on-account
Ahead of the Budget presentation by Union Minister Piyush Goyal, junior finance minister Shiv Pratap Shukla hinted at populist measures. "The Narendra Modi government is a popular government, it will take care of all," the Minister of State for
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Read more: Narendra Modi Government To Take Care Of All, Says Shiv Pratap Shukla
Write comment (100 Comments)Several high-cost projects are currently under the works by the country's defence manufacturing sector.
The country's defence analysts are hoping for an increased expenditure outlay for the armed forces in this year's interim budget to be presented on February 1 by union minister Piyush Goyal. This is also the last interim budget of the NDA
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Read more: Checking Threat Scenario Key To Fixing Optimum Defence Budget: Analysts
Write comment (90 Comments)Recently, GoAir announced international operations out of Kannur to Muscat.
Budget airline GoAir on Tuesday said that it will commence direct flight operations on Kannur-Abu Dhabi-Kannur route from March 2019.
According to the company, Abu Dhabi will become the airline's fourth international destination and 28th overall.
"GoAir will operate 4
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Read more: GoAir To Start New International Flights From March
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