RBI revises inflation projection upwards in view of rising food prices
Following the slide in economic growth to 4.5 per cent the last quarter — the worst numbers in more than six and half years — the RBI was expected to further cut policy rates, but ended up holding the repo rate at 5.15 per cent.
Reliance Jio, Airtel tariff hikes likely to elevate core inflation
Das noted that timing of interest rate cut was important rather than mecha...
RBI keeps rates unchanged due to inflation pressure, lowers growth estimate again
The six-member monetary policy committee (MPC) vote was una...
No official estimate of undisclosed wealth abroad
Thakur said as part of the government’s drive against black money, undisclosed income of about Rs 8,465 crore has been brought to tax and penalty of Rs 1,294 crore levied in the HSBC cases.
Gauguin's 1897 canvas 'Te Bourao II' fetches twice its estimated value, sells at $10.5 mn at auction
It is one of the few paintings from the post-impressionist's Tahiti period still in private hands.
Raza's 'Paysage' to make auction debut, estimated to fetch Rs 3.15 crore
Saffronart's winter online auction will also feature works by Jagdish Swaminathan, Ram Kumar, Bhupen Khakhar and F N Souza.
Antique Stock Broking upgrades Kansai Nerolac Paints to buy, revised target price to Rs 587
Kansai Nerolac is expected to deliver better sales growth during second half of FY20.
Indiabulls group firms extend rally; CLSA revises IBHF target
Global brokerage firm CLSA maintained ‘Buy’ rating on Indiabulls Housing Finance.
RBI revises framework on currency swap arrangement for SAARC nations
The new framework is valid from November 14, 2019 to November 13, 2022.
China raises estimate of economy's size following census
The National Bureau of Statistics said Friday the revision reflects more complete measures of the services sector and assets. It raises the possibility China's communist leaders will attain their target of doubling the country's GDP between 2010 and 2020.
Jaypee Infra insolvency: Homebuyers seek further negotiation on NBCC's revised bid
P&A Law Offices has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in CoC. "The homebuyers unequivocally wish that NBCC should take over the JIL (Jaypee Infratech Ltd)....You are hereby instructed to endeavour to negotiate with NBCC so that its revised bid can be voted upon first," the letter said.
No intention to revise fiscal deficit target: Govt
"No sir," Minister of State for Finance Anurag Thakur said in a written reply in the Rajya Sabha to a query if the government intends to revise fiscal deficit in view of the economic slowdown. The minister further said expenditure of various ministries and departments of the government is as per the estimates approved by Parliament.
NBCC, Suraksha Realty submit revised bid for Jaypee Infratech
Both NBCC and realty developers Suraksha Realty have submitted revised bids for Jaypee. While Suraksha Realty has upped its offer to Rs 7,900 crore to lenders and possession in 3 years to over 22,000 homebuyers, NBCC has offered lenders 1,426-acre land worth around Rs 5,000 crore and 50% of around 3,000 apartments that have no claimants.
Revise mechanism for setting up, expansion of industries in polluted areas, NGT directs CPCB
A bench headed by NGT Chairperson Justice Adarsh Kumar Goel also warned that it will "coercive action" against the heads of SPCBs for failing to take concrete action against violaters. It said the CPCB data shows increasing air, water and soil pollution and violators of law cannot be allowed to have a free run at the cost of environment and public health.
Princess Diana's iconic dress from dance with Travolta up on sale, estimated at $454,000
The Victor Edelstein dress was immortalised when Diana was photographed dancing with Travolta at the White House.
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