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RBI to transfer Rs 28,000 cr as interim dividend to government
Today's decision of the transfer makes this the second consecutive year that the Reserve bank will be granting an interim surplus to the Centre. The RBI follows the July-June fiscal calendar.
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Pest certification puts brakes on grape exports to Russia and Sri Lanka, prices fall
While Sri Lanka’s share in the grape export pie is relatively small, Russia is a major export destination for Indian table grapes.
DGTR to revisit anti-dumping rules amid surging Chinese steel imports
The concerns raised by the domestic steel lobby focus largely on the Chinese non-alloy steel being imported in the country that is presumably being misdeclared as alloy steel, which otherwise is value-added and expensive steel.
Malvinder files complaint against brother Shivinder, others for ‘financial fraud’
According to a copy of the complaint lodged with the Economic Offences Wing (EOW), Malvinder has requested a “detailed and thorough” investigation into “serious financial fraud” allegedly committed by Shivinder.
Arun Jaitley to address RBI board on Monday
The government expects Rs 28,000 crore from the RBI as interim dividend for 2018-19 based on the financial position of the central bank.
Credit flow to micro and small units contracts in first 9 months of FY19
Data from the Reserve Bank of India shows that loan outstandings of micro and small units have fallen by 2.14 per cent to Rs 365,000 crore as on December 21, 2018 from Rs 373,000 crore in March 2018, a decline of Rs 8,000 crore.
Starbucks to launch first all-day dining cafe in China
The coffee chain, which now operates more than 3,700 stores in 158 cities in China, is seeing slower growth in the country, with transactions down 2 percent in its first quarter.
Cancellations to go on; stability expected by April 1, says IndiGo
IndiGo said it would cancel 30 flights every day till end of February but due to weather conditions and airspace closure at Bengaluru airport, actual cancellations are more than planned.
Why the Amazon deal collapsed: A tech giant stumbles in New York’s raucous political arena
The political winds changed so swiftly that local lawmakers in Queens who had signed a letter in 2017 trying to woo Amazon refashioned themselves as champions of the opposition in recent months.
Crude rise a fresh concern for rupee
According to the provisional data available at BSE, foreign portfolio investors (FPIs) turned net sellers and sold equities worth Rs 966 crore on Friday, from the Indian markets.
Bharat Biotech to acquire Chiron Behring from GSK
Chiron Behring is a WHO (World Health Organisation) pre-qualified manufacturer of rabies vaccines, eligible for supplies to United Nations agencies and has product registrations in over 20 countries.
NBCC submits bid to acquire debt-ridden Jaypee Infratech
The committee of creditors (CoC) is now expected to meet on Monday (February 18) to take up the bids. Lenders to JIL have already approved the proposed evaluation matrix of the bids and the process for request for resolution plan through electronic voting.
