‘Indian economy to grow at 7.2 per cent in 2018-19’

‘Indian economy to grow at 7.2 per cent in 2018-19’

New Delhi, Aug 16: Indian economy is projected to grow at 7.2 per cent in 2018-19, India Ratings and Research (Ind-Ra) today said. The rating agency earlier forecasted India’s economic growth at 7.4 per in current fiscal. The key reason for this, Ind-Ra said, is the upward revision in the estimation of inflation for 2018-19 […]

JSW Steel makes Rs 19,700-cr offer for Bhushan Power and Steel

New Delhi, Aug 16: JSW Steel has submitted a resolution plan of Rs 19,700-crore to the Committee of Creditors of debt-laden Bhushan Power and Steel Ltd, a source in the know of the matter said. Besides JSW Steel, Tata Steel and Liberty House have also submitted bids to acquire the special steel maker Bhushan Steel […]

Sebi sets eyes on commodity index derivatives, works on guidelines

Sebi sets eyes on commodity index derivatives, works on guidelines

  Mumbai, Aug 16: Securities and Exchange Board of India Chairman Ajay Tyagi has said in an annual report “there are plans to consider more commodity options contracts to be launched, besides working on guidelines for index products”. Sebi will have to first finalise guidelines, which, according to sources, will suggest common standards for preparing […]

GMR Infrastructure Q1 net loss widens to Rs 235.14 crore

  New Delhi, Aug 15: GMR Infrastructure Ltd today reported widening of net loss at Rs 235.14 crore in the first quarter ended June 30, 2018. The company had posted a net loss of Rs 136.6 crore in the same quarter last fiscal, GMR Infrastructure said in a BSE filing. The company also said its […]

Flipkart outpaces Amazon in sales growth

  Bengaluru, Aug 15: The revival in the online retail market has picked up pace this year as the sale events ahead of the September-November festival season drove strong growth at the nation’s two largest e-commerce companies, Flipkart India Pvt. Ltd and Amazon India. Among the two, Flipkart, which owns the fashion retailers, Myntra and […]

India to be engine of world growth for next 3 decades: Modi

India to be engine of world growth for next 3 decades: Modi

  New Delhi, Aug 15: Prime Minister Narendra Modi on Wednesday said India will be the engine of growth for the world economy for the next three decades as the “sleeping elephant” has started to run on the back of structural reforms like GST. Addressing the nation from the ramparts of the Red Fort on […]