(Representative image) NEW DELHI: The 2020 edition of the global innovation index (GII) released on Wednesday shows India jumped four spots to 48th since 2019. The index, compiled by the World Intellectual Property Organization (WIPO) in conjunction with Cornell University and INSEAD Business School, presents the latest trends in global …
Read More »Mamata Banerjee to Prime Minister Modi: Depriving States of GST Compensation Attempts to Undermine Federalism | India Business News
Mamata Banerjee (File photo) KOLKATA: Depriving states of goods and services tax (GST) offset is “attempt to undermine federalism”, West Bengal Chief Minister Mamata banerjee he said in a letter to Prime Minister Narendra Modi on Wednesday. Urging the prime minister not to undermine the trust between the states and …
Read More »Airline Ticket Refund News: Supreme Court Will Engage Airlines in Ticket Refund Case | India Business News
NEW DELHI: Thousands of passengers searching refund of plane tickets The number of flights canceled during the lockdown may take on value, as the Center informed the Supreme Court on Tuesday that a solution had been reached even as the SC agreed to add all airlines operating in India as …
Read More »Vodafone Idea News: Supreme Court Ruling Brings Hope for Voda Idea, Analysts Say | India Business News
NEW DELHI: Vodafone Idea, arguably the weakest player in the Indian telecom sector with loads of debts and huge legal pending, will manage to stay afloat after the Supreme CourtWhat is the decision to grant mobile operators a period of 10 years to pay outstanding AGR fees? Analysts believe so, …
Read More »RBI likely to loosen rupee reins to help further gains
(Representative image) MUMBAI: The Reserve Bank of India (RBI) appears to have stopped trying to control the rupee to help exports, leaving the coin drift to a maximum of six months and raising expectations that it will continue to win, analysts and market participants said. RBI intervention in dollar purchases …
Read More »Moratorium on loans extendable for 2 years according to the impact of Covid, says the Center to SC
NEW DELHI: The Center and RBI reported Tuesday to Supreme Court that the moratorium period on loan repayment amid the Covid-19 pandemic is “extendable” for two years. Attorney General (SG) Tushar Mehta, appearing for the Center and the Reserve Bank of India (RBI), told a bank headed by Judge Ashok …
Read More »India manufacturing activity: India’s manufacturing activity grows for the first time in five months in August
(Representative image) BENGALURU: India factory activity It grew in August for the first time in five months as the easing of lockdown restrictions spurred a rebound in domestic demand, a survey of private companies showed Tuesday, although companies continued to cut jobs. But the rebound is unlikely to signal rapid …
Read More »India faces increasingly slim policy options after record drop in GDP
NEW DELHI: India’s record contraction in the last quarter delays economic progress by several years and puts Prime Minister Narendra Modi’s ambitious goals of doubling the size of the economy to $ 5 trillion almost out of reach. The 23.9% drop in gross domestic product in the June quarter from …
Read More »BSE sensex: Sensex up 273 points to close at 38.901; Nifty installs above 11,450
(Representative image) NEW DELHI: In a highly volatile trading session, equity indices ended higher Tuesday with the benchmark index BSE Sensex rising more than 250 points led by gains in metals and pharmaceuticals stocks. The 30-share BSE index rose 273 points or 0.71 percent to close at 38,901; while the …
Read More »India Trade deal with the United States: There is a possibility of a ‘mini trade agreement’ between the United States and India before the presidential elections: Senior American diplomat
WASHINGTON: There is the possibility of a “mini trade deal” between the United States and India even before the November 3 presidential election in the United States, said a senior US diplomat. India and the US are negotiating an agreement to resolve differences on trade issues to boost economic ties. …
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