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ENS Economic BureauMay 14, 2020
Shah has held leadership roles with Axis Capital, ICICI Prudential Asset Management, Franklin Templeton and ICICI securities in the past.
ENS Economic BureauMay 14, 2020
“It is necessary to provide more take home salary to employees and also to give relief to employers in payment of Provident Fund dues,” said Sitharaman.
Arun JanardhananMay 13, 2020
No immediate relief to MSME, grievances ignored in economic package: Industry representatives in Tamil Nadu Subscriber Only
Industry representatives in the state said crucial grievances they raised before the finance ministry in earlier petitions were ignored and none of the announcements made today would help MSMEs immediately.
Express Web DeskMay 13, 2020
Employee EPF contribution cut: Statutory PF contribution of both employer and employee will be reduced to 10% each from the existing 12% each for all establishments covered by EPFO for the next three months.
Express Web DeskMay 13, 2020
FM Nirmala Sitharaman India economic package announcement: Finance Minister Nirmala Sitharaman Wednesday announced a facility of Rs 3 lakh crores collateral-free automatic loans for business, including micro, small and medium enterprise (MSMEs).
Express Web DeskMay 13, 2020
FM Nirmala Sitharaman announcement for MSMEs: Finance Minister Nirmala Sitharaman said these collateral-free automatic loans to MSMEs come with four-year tenor and no repayment for 12 months.
PTIMay 13, 2020
In accordance with the RBI circular dated April 17, it said, the board of directors of Kotak Mahindra Bank has not recommended any dividend for 2019-20.
PTIMay 13, 2020
According to the latest data available with the Association of Mutual Funds in India (Amfi), a net sum of Rs 731 crore was pumped into gold-linked ETFs in April as compared to an outflow of
BloombergMay 13, 2020
Indian companies are getting downgraded like never before Subscriber Only
For every upgrade of rupee debt of Indian firms since April 1 there have been about 11 downgrades, leaving this quarter set to be the worst on record if sustained.
PTIMay 13, 2020
The last date for submission of bid documents is May 28 and the final list of prospective resolution applicants will be issued on June 10, as per a public document.
May 13, 2020
The comprehensive package, which includes the earlier announcements made by the government and the RBI, amounts to 10 per cent of the GDP and is easily the largest package among emerging markets.
PTIMay 13, 2020
At the interbank foreign exchange, the rupee opened at 75.31, then gained ground to touch 75.30, registering a rise of 21 paise over its previous close.
ReutersMay 13, 2020
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%. Shares in China, where the coronavirus first emerged late last year, fell 0.5%.
Express Web DeskMay 13, 2020
The S&P BSE Sensex rose 637.49 points (2.03 per cent) to end the day at 32,008.61, while the Nifty 50 settled at 9,383.55, up 187.00 points (2.03 per cent).
ENS Economic BureauMay 13, 2020
Loss of employment was the worst for self-employed in urban areas, with 84 per cent of them losing employment, compared with 76 per cent salaried workers and 81 per cent casual workers.
ENS Economic BureauMay 13, 2020
Life Insurance Corporation’s first year premium income fell 32.01 per cent to Rs 3,581 crore from Rs 5,267 crore a year ago.
ENS Economic BureauMay 13, 2020
“The monitoring or review undertaken should examine whether the borrower is discharging repayment obligations or interest obligations as per terms of the loan agreement,” the Ministry said in an official communication to ministries on Tuesday.
ENS Economic BureauMay 13, 2020
Sebi has relaxed the stipulation for listed banks and insurance companies for publishing consolidated financial results for June quarter now as “voluntary basis” in the wake of COVID-19.
ENS Economic BureauMay 13, 2020
For the full financial year 2019-20, the Index of Industrial Production (IIP) recorded a contraction of 0.7 per cent as against 3.8 per cent growth in the previous year.
Sunny VermaMay 13, 2020
‘Bold, not incremental reforms, will help to boost the productive capacity, productivity of economy,’ says Rajiv Kumar Subscriber Only
In an interaction with The Indian Express, after the Prime Minister’s speech on Tuesday, NITI Aayog Vice-Chairman Rajiv Kumar said the steps to be announced in the coming days would focus on ensuring that India
Sakshi DayalMay 13, 2020
Operations at both Manesar and Gurugram facilities were suspended since March 22.
Express Web DeskMay 12, 2020
The steep fall in IIP during March was mainly on account of a dismal show by mining, manufacturing and electricity sector due to the nationwide lockdown due to the coronavirus (COVID-19).
BloombergMay 12, 2020
The so-called liquidity trap, when monetary policy loses its traction as interest rates get close to zero, has plagued rich countries for years. Nobel-Prize winning economist Paul Krugman says it has now spread to some
PTIMay 12, 2020
With the lockdown coming into effect from March 25, state-owned banks opened an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of
Express Web DeskMay 12, 2020
Reliance Industries (RIL) Rights Issue: Reliance Industries (RIL) had earlier announced its plans to raise Rs 53,125 crore through a 1:15 rights issue at a price of Rs 1,257 per share. In its earnings statement
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