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Last Updated Wednesday April 25 2018 11:47 PM IST

NEWS

IMF lauds India's debt management plan

Abdel Senhadji, a deputy director at the IMF, said that the authorities were aware of the problem and were proposing a fiscal consolidation plan in 2017-18 to deal with it.

Govt changes nominee on the ICICI Bank board

According to a BSE filing, the government has nominated Joint secretary Lok Ranjan of the Department of Financial Services, as its nominee director with effect from April 5, 2018.

MoU inked at Huddle Kerala start-up conclave

A MoU was inked on Saturday between Shrikant Sinha, CEO, NASSCOM Foundation and Paul Antony, Kerala chief secretary in the presence of chief minister Pinarayi Vijayan during the inaugural ceremony of the two-day conclave "Huddle Kerala."

No surprises, RBI holds key rates unchanged

The Monetary Policy Committee meeting has kept the repo and reverse repo rates steady for the fourth straight time on April 5, which was also the first policy meet this fiscal.

Aircel files for bankruptcy under insolvency code

The company said that the decision is due to intense competition following the disruptive entry of a new player, legal and regulatory challenges, high level of unsustainable debt and increased losses.

Two Gitanjali officials named in CBI FIR resign

While Chandrakant Karkare cited personal problem as the reason behind resigning from the post of Chief Financial Officer (CFO,) Pankhuri Warange said she, as the Company Secretary and Compliance Officer, had sounded off the management to make certain disclosure about the company, which it did not...

RBI tightens norms to check bank loan defaults

The central bank is seeking to push more large loan defaulters toward bankruptcy courts and abolishing half a dozen existing loan-restructuring mechanisms, in its latest bid to accelerate resolution of the bad loans issue.

India staring at a debt trap: Ajit Ranade

The tendency to borrow rampantly to bridge the fiscal deficit should be checked and the accumulating mountain of debt needs to be slashed, according to the noted economist.

New Rs 10 notes coming, says RBI

The new Rs 10 note in the Mahatma Gandhi series is designed in the base color of chocolate brown and has the motif of the Konark Sun Temple in Odisha on the reverse.

India can grow at 8 pc for next 20 years: UN expert

Describing India's economic condition as largely positive and favorable to growth, Sebastian Vergara, a UN economic affairs officer, said the country needs to unleash the next set of reforms to achieve its potential.

Outcome of Gujarat elections to guide equity markets

Market analysts observed that cues from Parliament's winter session, coupled with the direction of foreign fund flows and the rupee's movement against the US dollar will also impact investors' risk-taking appetite.

Rumors being spread about FRDI Bill: Modi

Modi on Wednesday sought to allay the fears of bank account holders, saying their deposits in banks will be safe and their interests would not be harmed in any way.

Buy your dream home, with government help

Central and state government schemes like the Pradhan Mantri Awas Yojana and Life Mission seek to financially support people to have their own house, but lack of awareness could stop you from availing of the benefits.

India scores 'perfect 10' in protecting shareholders' rights

India has scored a 'perfect 10' in terms of protecting shareholders' rights, even as advanced economies like the US, UK, Singapore and New Zealand have failed to get this top-billing in the World Bank's latest 'ease of doing business' report.

IMF favors three structural reforms in India

India should continue with the fiscal consolidation through revenue measures, as well as further reductions in subsidies, says deputy director Asia Pacific department of IMF Kenneth Kang.

World Bank lowers India's growth forecast

India's economic momentum has been affected by disruptions from the withdrawal of banknotes and uncertainties around the Goods and Services Tax (GST), the World Bank said.

Attempts to derail GST have failed: Arun Jaitley

At the event jointly organized by CII and US India Business Council in New York, Jaitley said global integration of Indian economy is happening at a time when other economies are becoming more protectionist.

Wreckage of sunken fishing vessel removed

Movement of big ships through Ernakulam shipping channel was partially affected after the fishing boat, which was being towed to the shore, sank on September 19.

Coca-Cola to shut the tap on Kerala operations

Global soft drinks giant submitted before the Supreme Court that it would not resume operations in its controversial plant in Palakkad district’s Plachimada, thus ending a 12-year-long legal battle with local people.

Resumes are passe. It’s time to use digital portfolios

India’s first portfolio-driven platform for job seekers and recruiters, the one-year-old website, promoted by Bangalore-based ThoughtGrid Interactive, boasts of a talent pool that comprises more than 30,000 candidates, and over 4,500 employers.

Report on Kerala Bank gets cabinet nod

As per the proposal, the 14 district co-operative banks will be integrated with the State Co-operative bank for the formation of Kerala Co-operative Bank, to be known as Kerala Bank.

GST is a bonanza for corporates, says Thomas Isaac

Kerala finance minister, however, said overall Kerala is going to benefit by GST but alleged that the Center has not put in place the requisite systems in his state for ushering in the new tax regime.

DGCA suspends flying licence of Air Carnival

With this, Air Carnival has become the third regional carrier, after Air Pegasus and Air Costa, whose air operator permit has been suspended by the DGCA in the past eight months.

Sterling shaken by UK election shock

The pound shed as much as three US cents at one point in hectic trade, or close to 2 percent, before steadying as the results waxed and waned.

Kerala signs MoU with SilkAir to boost tourism

Kerala Tourism and SilkAir will jointly conduct roadshows and other marketing programs like tactical and digital marketing, familiarization trips and trade fairs in the selected cities.

New director for Karipur airport

Radhakrishnan, who was airport director in Mangaluru International Airport since 2012, took charge on Tuesday, an official release said.

Markets smash records: Sensex ends above 30k, Nifty at new peak

Mumbai: Markets raced past milestones on a record-setting spree on Wednesday, with the benchmark Sensex closing above the 30,000-mark for the first time, while the broader Nifty hit a new peak, buoyed by unabated funds inflows and a global rally.Stocks saw frenzied buying, in line with global

Samsung launches mobile payment service

Apart from allowing users in India to simply tap and pay on the go using their registered cards, Samsung Pay has integrated Paytm as well as the government’s Unified Payments Interface into the app.

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