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Great e-commerce festival sales

Why is the world watching for Prime Minister Modi's response to Walmart letter?

Walmart boss Dough McMillon writes to Prime Minister Narendra Modi seeking more clarity for India's business regulations. Oct 22, 2019
Modi meets US india strategic partnership forum members

FTA with the US? How close is India to clinching the all-important trade deal?

Commerce Minister Piyush Goyal said US trade ambassador Lighthizer concurs with him on the potential of a free trade agreement (FTA) between the two countries. Oct 22, 2019
Great e-commerce festival sales

Amazon, Flipkart record festival sales euphoria may wither under regulatory fire

DPIIT asks e-commerce giants Amazon and Flipkart to reveal top-five sellers and capital structure following trade body's complaints about foreign direct investment norms violation and deep-discounting worries. Oct 21, 2019
FM Sitharaman pitches special plan for firms fleeing China

Is India the new China? Sitharaman eyes blueprint for firms fleeing trade war

Finance Minister Sitharaman says a 'blueprint' to attract investment deserting China over trade tensions with the US will have importance beyond the current crisis. Oct 20, 2019
International Monetary Fund

India to beat US in global economic growth share by 2024; China to remain at top

India will be among 20 nations dominating global growth in 2024 in nominal terms, IMF data show. Oct 20, 2019
Huawei

Huawei in early talks with US firms to license 5G platform: Huawei executive

Vincent Pang, senior vice president and board director at the company said some firms had expressed interest in both a long-term deal or a one-off transfer. Oct 20, 2019
International Monetary Fund

IMF praises India's corporate tax cut; calls it positive impact on economy

The funding body went on to say that while this has a positive impact, India should also consider the fiscal consolidation, address it and secure long-term stability of the fiscal conditions. Oct 19, 2019
Goldman Sachs

Can India tide over economic crisis that may be worse than the 2008 recession?

Goldman Sachs believes the liquidity issue that NBFCs fuelled is only part of the story as the consumption fall is responsible for a third of the overall slump that began snowballing from January 2018. Oct 18, 2019
UK and EU strike Brexit deal

How will the Brexit deal affect large Indian corporate investors in the UK?

Tata Group is happy that the Brexit deal removes some uncertainty while many others are yet to decide and remain tight-lipped as they assess the situation Oct 18, 2019
Reliance

Reliance Industries becomes first Indian firm to hit Rs 9 lakh cr market cap ahead of Q2 results

The surge in market capitalisation and share prices comes ahead of the company's second-quarter results to be announced later in the day. Oct 18, 2019
DHFL

DHFL reports $29 million loss in June quarter; company under financial stress

One of India's biggest housing finance companies, DHFL posted a net loss of 2.06 billion rupees during the quarter compared with a profit of 4.35 billion rupees. Oct 18, 2019
Air India Airbus A320 passenger aircraft.

Air India divestment: Permission to retrench staff may clinch deal in second bid

The Modi government may get second time lucky with the offer made sweeter with 100% stake sale and permission to retrench staff under voluntary retirement scheme norms Oct 17, 2019
HDFC Bank

Social media scare prompts HDFC Bank to clarify on deposit insurance programme

Photograph of a passbook page affirming that deposits are insured for up to Rs 1 lakh as per a 2017 RBI circular circulated on social media causing panic amid continuing stress in India's banking sector. Oct 17, 2019
sensex nifty

Market today: Sensex rises over 100 points, Nifty nears 11,480

The broader NSE Nifty traded 6 points higher at 11,470.05, while the benchmark BSE Sensex opened at 38,647.44, higher from its previous close of 38,598.99. Oct 17, 2019
saudi aramco, aramco ipo, aramco public issue

Saudi Aramco expected to give green light to its blockbuster IPO soon

The share offer is the centrepiece of the Kingdom's Vision 2030 strategy that aims at revamping its economy through diversification under the leadership of Crown Prince Mohammed bin Salman. Oct 16, 2019
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GST rate cuts to result in Rs 2 lakh crore saving for consumers: Sitharaman
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Prayers held in Sri Lanka's largest Dawoodi Bohra mosque on PM Modi's 75th birthday
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