SEBI, IT infrastructure, security loopholes, stock exchange, business, Express of Interest, business, Indian Express
September 24, 2017 12:30 pm

Spelling out the eligibility criteria, Sebi said the applicant should have been in operation for at least five years and should have registered profit for at least three years during the last five financial years.

Amazon, Amazon e-commerce, Amazon 2nd headquarters, Amazon Boston, Massachusetts Institute of Technology, Harvard University, low living costs, city-wise proposals, Amazon headquarters cost, Amazon job generation, headquarter proposal date, Amazon headquarter options
September 24, 2017 1:02 pm

Besides conducting joint marketing efforts and promotion activities, Amazon experience centres will be set up in 80 Shoppers Stop stores across the country to bring in the touch and feel aspect on Amazon.in's assortment.

sbi, state bank of india, rbi, telecom sector, sbi telecom sector, Arundhati Bhattacharya, indian express news
September 24, 2017 1:58 am

The decision comes in the wake of RBI ordering banks to make higher provisioning for the standard assets of the telecom sector and keep a close watch on it.

Arvind Subramanian, Chief Economic Adviser, CEA Arvind Subramanian, arun jaitley, Arvind Subramanian term, business news
September 24, 2017 1:27 am

It is learnt that the finance minister has approved his extension and a formal release regarding the same will be issued closer to the time when his first term comes to an end next month.

finance ministry, reserve bank of india, rbi, india economy, indian express, business news
September 24, 2017 12:57 am

The official added that the pickup in inflation, as seen for last month, has been taken into account in their analysis while suggesting a rate cut.

finance ministry, reserve bank of india, rbi, india economy, indian express, business news
September 23, 2017 6:41 pm

In its last policy review in August, the RBI reduced the repo rate by 0.25 per cent to 6 per cent in August, citing reduction in inflation risks. The rate cut was the first in 10 months and brought policy rates to a near 7-year low.

Arvind Subramanian, Arvind Subramanian Indian economy, indian economy, rupee, RBI, GDP, Indian GDP, indian express
September 23, 2017 5:03 pm

The one-year extension of Arvind Subramanian as CEA comes at a time when the government is working on measures to support economic growth, after GDP growth fell to 5.7 per cent in April-June – the lowest in at least five quarters.

Arvind Subramanian, Arvind Subramanian Indian economy, indian economy, rupee, RBI, GDP, Indian GDP, indian express
September 23, 2017 4:53 pm

Arvind Subramanian has, over the last three years, brought new ideas in public discourse such as the JAM--Jan Dhan, Aadhaar and Mobile--trinity. He was closely involved in drafting the Goods and Services Tax Act and had also authored the 'Report on the Revenue Neutral Rate and Structure of Rates for the GST' in December 2015.

startup govt funding, fund of funds for start ups, ffs, startup india action plan, govt start up funding, Alternative Investment Funds, indian express
September 23, 2017 7:52 am

The Fund, which aims to invest in local venture capital funds that would, in turn, back seed-stage and early-stage companies, has made commitments to 62 start-ups.

sm krishna, it raid, sm krishna son in law, income tax dept, income tax raid, bengaluru, indian express
September 23, 2017 3:13 am

Earlier this week, seven men posing as Income Tax officers had entered a businessman’s house in Malviya Nagar to conduct a search. They searched the house and collected Rs 20 lakh in cars.

finance ministry, reserve bank of india, rbi, india economy, indian express, business news
September 23, 2017 3:06 am

The Confederation of Indian Industry (CII) said that a cut in interest rates would encourage domestic demand in sectors such as affordable housing, consumer durables and construction.

Arun Jaitley, Stressed assets, Banking sector, NPAs, Jaitley on NPAs, Jaitley on GST, Jaitley on banking sector, Business news, Indian Express
September 23, 2017 3:00 am

“I don’t think there is a need for panic. There’s a need for analysis and for responsive action to this and we are fully prepared for this,” he said.

Arun Jaitley, Stressed assets, Banking sector, NPAs, Jaitley on NPAs, Jaitley on GST, Jaitley on banking sector, Business news, Indian Express
September 23, 2017 8:08 am

In the April-June quarter of 2017-18, non-performing assets (NPAs) of a sample of 38 banks rose by 34.2 per cent on a year-on-year basis. Also the NPA ratio increased to 10.21 per cent (Rs 8,29,338 crore) in June 2017.

Modi Cabinet 2017, Suresh Prabhu, Railway portfolio, Cabinet reshuffle
September 23, 2017 2:46 am

The lower-than-expected GDP growth followed large-scale destocking undertaken by manufacturers ahead of the goods and services tax rollout and the lingering impact of demonetisation.

Sensex, Nifty, Sensex points, BSE index, share market, business news, indian express news
September 23, 2017 2:41 am

The rupee — which plummeted by a whopping 53 paise to end at 64.80 a dollar on Thursday — dropped by 31 paise to a four-month low level of 65.12 intra-day trading against the US dollar before closing at 64.79/80 on Friday.

Internet of Things, Reliance, IBM, Reliance Unlimit, IoT solutions, global IoT movement, IBM Watson, Watson IoT, IoT-driven insights, IBM IoT growth, IoT in India, IBM IoT India partnerships, Unlimit enterprise use, Reliance vertical industries
September 23, 2017 2:34 am

Shares of Reliance Capital closed Friday’s session 7.83 per cent lower at Rs 661.55 per share on BSE. However, the stock’s return over three months is 26.05 per cent.

gst, goods and service tax, gst tax, gst foodgrain, tax commissioner, indian express news
September 23, 2017 2:33 am

Over 46 lakh businesses have paid taxes to the tune of Rs 95,000 crore for July under GST. However, businesses also claimed transitional credit worth Rs 65,000 crore.

ndtv, bse, bombay stock exchange, ajay singh, spicejet, ndtv shares, ndtv takeover, indian express
September 23, 2017 2:31 am

When asked about the NDTV deal on Thursday, a SpiceJet official said “it’s absolutely false and baseless.” Messages and emails sent to NDTV officials did not elicit any response.

finance ministry, reserve bank of india, rbi, india economy, indian express, business news
September 23, 2017 2:26 am

Currently, the limit for investment by FPIs in corporate bonds is `2,44,323 cr

sbi, sbi minimum balance, state bank of India, sbi lowers minimum balance, jan dhan yojana, GDP, GST, Bank deposits, sbi minimum balance savings account, indian bank, indian express
September 23, 2017 2:19 am

The qualified institutional buyers (QIBs) portion was oversubscribed 12.56 times, non-institutional investors

irdai, pvt equity investment, insurance firms, assocham, Insurance Regulatory and Development Authority of India, business news, indian express
September 23, 2017 2:17 am

“In Irdai we have things like 150 per cent of solvency margins irrespective of numbers etc, we are trying to move towards risk-based capital model,” said Vijayan.

maharera, thane, housing, real estate, what is rera, indian express
September 23, 2017 2:10 am

Region-wise analysis of the data shows that the highest number of units registered are in Thane Municipal Corporation and Thane District (59,516 units registered).

pmay, Pradhan Mantri Awas Yojana, affordable housing, middle income group, housing subsidy, indian express
September 23, 2017 6:30 am

The Centre’s decision to extend interest subsidy for MIG beneficiaries by 15 months coupled with the announcement of a new public-private partnership policy in affordable housing will yield intended results if the implementation of PMAY goes well, say experts

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September 22, 2017 10:32 pm

Official sources said the discussions would continue and "nothing concrete has been finalised" by the panel.

Uber, Uber london licence, London transport authorities on Uber, Uber safety concerns, London mayor Sadiq Khan, business news, world news, indian express news
September 22, 2017 10:07 pm

Transport for London said the conduct of Uber, which has around 40,000 drivers and 3.5 million customers in the British capital, had "demonstrated a lack of corporate responsibility," and the agency would not renew the company's license to operate.

sebi, sebi, Indian Infotech and Software, Newever Trade Wings, forensic audit
September 22, 2017 9:36 pm

The regulator is of the view that a detailed examination or audit should be undertaken to unearth the entire extent of violations.

demonetisation, Arun Jaitley, Arun Jaitley on demonetisation, objectives on Arun Jaitley, Narendra Modi, modi demonetisation, indian express news
September 22, 2017 9:28 pm

There is an increased speculation over a possible fiscal stimulus which can go above Rs 40,000 crore after six successive quarters of dip in the economic growth, which slid to 3-year low of 5.7 per cent in the April-June quarter.

Auto Industry fines in Europe, European Union And Auto Indsutry fines, European Union news, latest news, world news, Business news
September 22, 2017 9:04 pm

European Union nations agreed in 2014 that carmakers should limit CO2 emissions to 95 grammes per kilometre across their entire model range within seven years. The figure for 2015 stood at some 130 grammes per kilometre on average.

demonetisation, Arun Jaitley, Arun Jaitley on demonetisation, objectives on Arun Jaitley, Narendra Modi, modi demonetisation, indian express news
September 22, 2017 9:03 pm

It is an exercise which has to be transparent, acceptable to a cross section of public and political opinion. It is an exercise which will then result in a better performance itself

Sensex, close, nifty, bse sensex, rupee down, market news, north korea, indian express, business
September 22, 2017 9:02 pm

The 30-share index stayed in the negative zone for the whole day and touched a low of 31,886.09 before settling at 31,92.44, down by 447.60 points, or 1.38 per cent -- its biggest single-day fall since November 15 last year.

Arun Jaitley, Stressed assets, Banking sector, NPAs, Jaitley on NPAs, Jaitley on GST, Jaitley on banking sector, Business news, Indian Express
September 22, 2017 7:50 pm

Arun Jaitley said, "The reality is that there are two major challenges. One with regard to encouraging private sector investment and second with regard to improving the capacity of our banking system to support growth."

Sebi, Sebi trading ban, Securities and Exchange Board of India, Sebi on tax evasion, Kailash Auto Finance dealings, business news, indian express news
September 22, 2017 5:29 pm

The regulator had, prima facie, found the acts of various entities of Kailash Auto Group involving fraud in connection with dealing in securities which was in violation of Sebi's PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms.

Gold price, Gold price india, rupee down, rupee rate, dollar rate, sensex, market news, indian express
September 22, 2017 4:52 pm

Bullion traders said a firm trend overseas, where gold rebounded from a four-week low on renewed geopolitical tensions after North Korea threatened to conduct another hydrogen bomb test prompted investors to seek out the safe- haven asset, influenced the precious metal.

uber, uber licence, uber lose licence, london uber, london uber licence, indian express, business news
September 22, 2017 3:46 pm

The final day of Uber's licence will be on Sep. 30. In London, the firm has faced criticism from unions, lawmakers and traditional black cab drivers over working conditions. Uber has the right to appeal the decision within twenty one days.

Arun Jaitley, GST implementation, Demonetisation, Jaitley economy
September 22, 2017 3:12 pm

Arun Jaitley said demonetisation was a conscious effort to change the saving and spending patterns of the Indian society, which was largely cash dependent.

finance ministry, reserve bank of india, rbi, india economy, indian express, business news
September 22, 2017 2:33 pm

Regarding the Reserve Bank's monetary policy stance, the report said that the central bank is expected to key policy rates by 25 bps December 6 policy review meet as inflation is expected to normalise and stay well within the RBI's 2-6 per cent range.