Business

The Council pointed out several flaws in Subramanian’s analysis, arguing that he used questionable proxy indicators and his research did not allow for GDP increases on the basis of productivity gains.

Retail inflation, based on Consumer Price Index (Combined) climbed higher to a seven-month high of 3.05 in May on the back of rise in food inflation, separate set of data released by MoSPI showed.

The G-2-G pact was pending since December 4, 2018, when Nepal submitted the first draft of the proposed memorandum of understanding. It was resubmitted on May 2 after a meeting of officials of both nations

“The shareholders of the target company are advised to independently evaluate the open offer and take an informed decision about tendering the equity shares held by them in the open offer,” said a BSE filing

Cash-starved Jet Airways suspended operations in April and lenders are working on ways for revival of the airline.

Retail inflation spiked to 3.05 per cent in May from 2.99 per cent in April, government data showed. Brent crude futures, the global oil benchmark, fell 2.49 per cent to USD 60.74 per barrel.

As per the data, inflation in the food basket rose to 1.83 per cent in May, higher than 1.1 per cent in April. 

The Index of Industrial Production had expanded by 4.5 per cent in April 2018. The expansion in the mining sector was 5.1 per cent compared to 3.8 per cent in the year-ago month.

The Economic Advisory Council will examine in detail the estimates made in Subramanian and come out with a point-by-point rebuttal in due course, it said in a statement.

PWC has put in its resignation, with effect from June 11, 2019, citing unsatisfactory response to "certain observations" made by it as a part of the ongoing audit for fiscal 2018-19

IndiGo is one among the fastest growing budget carriers in the world, with over 200 aircraft in its fleet. The airline offers about 1,400 daily flights and connects 54 domestic and 18 international destinations.

Customers were snapping up Patanjali Ayurved's affordable, Indian-made products such as coconut oil and ayurvedic remedies, in a mounting threat to foreign companies that had bet big on India.

Narasimhan's initial priorities will be to focus on delivering outperformance, especially in the health business unit, and to drive the Lysol maker's plan to split the firm into two business units under the same company.

On June 7, the infrastructure major Larsen & Toubro announced a Rs 5,030-crore open offer to acquire an additional 31 per cent stake in mid-tier IT company Mindtree at a price of Rs 980 per

The plea filed against Indiabulls Housing Finance Ltd alleged that the company misappropriated Rs 98,000 crore of public money.

Though bankers point out that the quantum of NPAs in the housing sector is well below one per cent mark in Gujarat, they say most of the defaults happen in cases where a home buyer

The 30-share index was trading 158.33 points, or 0.40 per cent, lower at 39,792.13 at 0940 hours. Similarly, the broader NSE Nifty was quoting 44.95 points, or 0.38 per cent, down at 11,920.65.

Raising questions of propriety and conflict of interest, the internal probe report reveals that while IFIN extended questionable loans to Ansal Group companies, Bawa had financial links with Ansal Group companies through AAA Infosystem that

Arvind Subramanian, in a recent research paper published at Harvard University that formed the basis of his piece in The Indian Express Tuesday, concluded that the country’s growth has been overestimated by around 2.5 percentage

According to the complaints from the two state-run banks, Mehta allegedly cheated Bank of Maharashtra to the tune of Rs 323.40 crore while Union Bank of India suffered a loss of Rs 264.15 crore, sources

The committee will review the existing structures and patterns of costs, charges and interchange fees for ATM transactions, the overall patterns of usage of ATMs by cardholders and assess the impact, if any, on charges

Together the 3 projects are expected to develop total of about 3 trillion cubic feet of discovered gas resources, RIL said

In an interview with The Indian Express, Vikram Kirloskar, president, Confederation of Indian Industry, said the government should reduce tax on equity to encourage asset creation will lead to employment generation.

On June 5, rating agencies downgraded the rating on DHFL to the ‘D’ category indicating that certain debt instruments of DHFL are in “default or are expected to be in default soon”.

Carmakers including Maruti Suzuki, Tata Motors, Mahindra & Mahindra (M&M) had cut production during April-May between 4 to 10 days. The idea was to reduce unsold inventory piled up from the previous years’ festive months,