Business
Low Manufacturing Output Pulls Down May IIP Growth to 1.7 Percent
According to the data released by the Central Statistics Office, the factory output growth for April-May period decelerated to 2.3 percent from 7.3 percent in the same period last fiscal.
Here's What Gets Costly and What Becomes Cheap
The Goods and Services Tax (GST) has been primarily categorised into four tax slab rates—5%, 12%, 18% and 28%.
Accenture's Third-quarter Revenue Beats Estimates
Consulting and outsourcing services provider Accenture Plc reported a better-than-expected quarterly revenue on Thursday, as the company's investments to boost its digital and cloud services pay off.
Sensex Extends Losses for the 2nd Straight Week, Down 205 Points
Key indices posted modest losses tracking weakness in global stocks and after the Federal Reserve hiked the fed-funds rate by a quarter-point to between 1 pct and 1.25 pct.
Veggies, Pulses Drag Inflation to Record Low of 2.18% in May
Retail inflation fell to a record low of 2.18 per cent in May as prices of kitchen staples like vegetables and pulses declined sharply although there was a marginal spike in fruit rates.
Saudi to Supply Full Crude Volumes in July to Some in Asia, Cuts to US
Saudi Arabia, the world's top oil exporter, will supply full contracted volumes of crude to some Asian buyers in July, while cutting allocations to the United States, industry sources with knowledge of the matter said on Monday.
Rupee Weakens 6 Paise Against Dollar in Early Trade
Besides, dollar's gains against its rivals overseas also weakened sentiment locally.
Air India: Aviation Minister in Process of Preparing Cabinet Note
The Civil Aviation Ministry is in the process of preparing a Cabinet note to decide on the future course of action for loss-making Air India, including possible privatisation.
Premji Family Evaluating Sale of Part or Whole of Stake in Wipro
A senior investment banker told Moneycontrol.com that the company has approached investment banks to explore the potential of a fair value.
Rupee Rises 12 Paise Against Dollar at 64.32 in Early Trade
Continuing with its rising streak, the rupee appreciated 12 paise to 64.32 against the dollar in early trade on Monday on sustained selling of the US currency by exporters and banks.
Khadi Yarn, Gandhi Topi, National Flag Exempt From GST
Silk and jute yarns have been exempt but cotton and natural fibres and all other yarns will be levied a 5 per cent GST.
Bloomberg Offers $15 mn To Make Up For US Share Of Paris Accord Costs
In a major embarrassment to United States President Donald Trump, Bloomberg founder and CEO Michael Bloomberg has offered to pay $15 million in funding that the United Nations stands to lose from Trump's decision to pull out of the Paris Climate Agreement...
Growth of Renewables, Coal Slowdown in India Among Important Developments Globally
Climate Action Tracker, an initiative tracking global carbon emission, has said that the continuing rapid growth in renewable energy in India and a slowdown in coal development is one of the most important developments underway globally.
Global Economic Situation Responsible for Decline in GDP Growth: Jaitley
Several factors, including the global economic situation, were responsible for decline in GDP growth to 6.1 per cent in the fourth quarter of 2016-17, Finance Minister Arun Jaitley said on Thursday, dismissing suggestions that it was on account of demonet...
Rupee Gains 8 Paise Against US dollar in Early Trade
The rupee firmed up by another 8 paise to 64.43 against the US dollar on Thursday on increased selling of the American currency by exporters and banks even as India's economic growth slowed to 7.1 per cent in 2016-17.
Eight Core Sector Growth Slips to 2.5% in April
The growth of eight core sectors declined to 2.5 per cent in April mainly due to lower coal, crude oil and cement productions.
