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Showing posts with label Economy News. Show all posts
Showing posts with label Economy News. Show all posts

Saturday, January 18, 2020

Despite shake-up, Vladimir Putin rejects idea of Soviet-style leaders for life

Despite shake-up, Vladimir Putin rejects idea of Soviet-style leaders for life
Putin, in a surprise move, picked Mikhail Mishustin, the low-profile head of the country's tax service, as the country's next prime minister.

Source: TFE

Friday, January 17, 2020

Wall Street hits new highs in strongest week since August

Wall Street hits new highs in strongest week since August
The Dow Jones Industrial Average rose 0.17% to end at 29,348.1 points, while the S&P 500 gained 0.39% to 3,329.62.

Source: TFE

CAA should not shut doors on free-thinker Muslims, says Taslima Nasreen

CAA should not shut doors on free-thinker Muslims, says Taslima Nasreen
The 57-year-old author told the audience that fundamentalism -- be it from majority or minority community -- is equally bad and must be condemned.

Source: TFE

Thursday, January 16, 2020

Tejas Express Ahmedabad to Mumbai LIVE updates: Rail Minister Piyush Goyal to flag off India’s second private train

Tejas Express Ahmedabad to Mumbai LIVE updates: Rail Minister Piyush Goyal to flag off India’s second private train
Tejas Express Ahmedabad to Mumbai LIVE updates: The ticket booking for IRCTC Ahmedabad-Mumbai-Ahmedabad Tejas Express can be done on the IRCTC website, irctc.co.in and the Rail Connect app.

Source: TFE

US: Donald Trump’s impeachment trial opens as watchdog faults White House on Ukraine

US: Donald Trump’s impeachment trial opens as watchdog faults White House on Ukraine
The Senate impeachment trial on whether to remove US President Donald Trump from office formally began on Thursday.

Source: TFE

Ukraine asks FBI to help probe suspected Russian hack of Burisma

Ukraine asks FBI to help probe suspected Russian hack of Burisma
Russia's defence ministry did not respond to a request for comment about Area 1 Security's assertions.

Source: TFE

India has de-radicalisation camps; young people being radicalised in Kashmir: General Bipin Rawat

India has de-radicalisation camps; young people being radicalised in Kashmir: General Bipin Rawat
It is for the first time a top-ranking official publicly has talked about existence of de-radicalisation camps in India.

Source: TFE

Wednesday, January 15, 2020

Sebi caves in to India Inc: Here’s why extending deadline on splitting CMD job is unfortunate

Sebi caves in to India Inc: Here’s why extending deadline on splitting CMD job is unfortunate
The Kotak Committee had rightly recommended that companies split the powers between a chairperson and the CEO or MD so that the powers are better distributed.

Source: TFE

December data: Power use shrinks for fifth month

December data: Power use shrinks for fifth month
The development takes place at a time when state-run electricity distribution companies’ (discoms') dues to power producers stood at Rs 80,930 crore at the end of November, 2019, up as much as 45% from a year earlier.

Source: TFE

Why deny broadcasting telecom-like success? Trai must shed intensive regulation

Why deny broadcasting telecom-like success? Trai must shed intensive regulation
Trai must shed intensive regulation of the broadcasting market. distribution technology doesn’t allow for innumerable channel combinations at consumer-end

Source: TFE

Under-reporting of fiscal deficit? Former Finance Secretary trashes deficit figure, defended it while in finmin

Under-reporting of fiscal deficit? Former Finance Secretary trashes deficit figure, defended it while in finmin
Garg said small savings schemes should be discontinued since they disrupted monetary policy transmission.

Source: TFE

Google’s decision to end third-party tracking of people’s browsing habits to enhance user privacy

Google’s decision to end third-party tracking of people’s browsing habits to enhance user privacy
Google’s decision to end third-party tracking of people’s browsing habits will better protect user data, but it may also extend the tech giant’s dominance of online advertising

Source: TFE

Monday, January 13, 2020

US, Japan, EU to meet on China ahead of Wednesday trade deal signing- USTR

US, Japan, EU to meet on China ahead of Wednesday trade deal signing- USTR
The EU and Japan share many of the United States' concerns about those issues and China's behavior in global markets, but Tokyo and Brussels have been put on the defensive by tariffs threatened and imposed by President Donald Trump.

Source: TFE

Friday, January 10, 2020

Yes Bank, director spar: Bank says RBI asked it to review Agarwal’s fit and proper status 

Yes Bank, director spar: Bank says RBI asked it to review Agarwal’s fit and proper status 
In a letter to the Securities and Exchange Board of India (Sebi) and marked to the RBI, ministry of corporate affairs and exchanges, Agarwal has cited compliance failures and pressed multiple charges of mismanagement in capital-raising exercises by Yes Bank CEO Ravneet Gill.

Source: TFE

Commercial coal mining to usher efficiency: Pralhad Joshi, union coal minister

Commercial coal mining to usher efficiency: Pralhad Joshi, union coal minister
The first commercial auction is expected in another 4-5 months. I want to have a detailed consultation with stakeholders before bringing out the first such auction. We expect the industry to react positively to this progressive and forward looking decision. We want the exercise to be very ‘participative’.

Source: TFE

Zomato may buy UberEats as food delivery space heats up

Zomato may buy UberEats as food delivery space heats up
The monthly cash burn for Zomato and Swiggy is estimated to be around $35 million-$40 million. Recently, Zomato claimed to have reduced its cash burn to $20 million in October 2019 from $45 million in March. For smaller player like UberEats, the burn is pegged at around $4 million-$5 million per month. UberEats made its India launch in 2017 and operates in over 40 cities. Zomato is present in over 500 cities.

Source: TFE

Tata vs Mistry: Supreme Court stays NCLAT order reinstating Cyrus Mistry

Tata vs Mistry: Supreme Court stays NCLAT order reinstating Cyrus Mistry
While pronouncing its order on December 18, the NCLAT had said while all aspects of its ruling will become operational immediately, the part relating to reinstatement of Mistry as chairman of Tata Sons will take effect after four weeks so that the Tata Group gets a chance to challenge it in the SC.

Source: TFE

Revenue Shortfall: After transferring Rs 1.4 lakh crore, govt may seek interim dividend from RBI

Revenue Shortfall: After transferring Rs 1.4 lakh crore, govt may seek interim dividend from RBI
“That option (asking RBI for an interim dividend) is on the table. A decision will be made shortly,” a senior government official told FE. In such a case, the central board of the Reserve Bank of India could consider the government's request in the customary post-Budget meeting with the finance minister, said the official.

Source: TFE

Record $83-billion bond bill looming over Indian firms

Record $83-billion bond bill looming over Indian firms
Chief among the problems is a lingering crisis at shadow banks that started in 2018, with a shocking default by then high-rated lender IL&FS. The woes mounted last year when major mortgage lender Dewan Housing Finance missed repayments.

Source: TFE

LIC likely to grow by 20% in FY20, says chairman MR Kumar

LIC likely to grow by 20% in FY20, says chairman MR Kumar
LIC had sold around 2 crore policies in the last five years, he said. In the current year, the Indian life insurance business reported a new business premium of Rs 1.69 lakh crore of which LIC had garnered about Rs 1.2 lakh crore.

Source: TFE