ICICI Bank, Kochhar under lens in US, Indian agencies may seek foreign help

ICICI Bank, Kochhar under lens in US, Indian agencies may seek foreign help

New Delhi, Jun 10: As multi-agency probe continues in India into alleged lapses involving ICICI Bank’s chief Chanda Kochhar and her family members, the matter has also come under the scanner of the US markets regulator SEC. Besides, the Indian regulators and investigative agencies are mulling seeking help from their overseas counterparts including in Mauritius […]

E-commerce sales in India could jump 31% in 2018: Report

New Delhi, Jun 8: Indian retail e-commerce sales will climb about 31 percent to USD 32.7 billion in 2018, according to a report by marketing research firm eMarketer. With this number, India’s e-commerce growth will be behind only China and Indonesia in the Asia-Pacific region, the report said. About 25.3 percent, or one-fourth, of India’s […]

Economic growth may cross 8% in next 2 years: Suresh Prabhu

Economic growth may cross 8% in next 2 years: Suresh Prabhu

  New Delhi, Jun 8: India’s GDP growth is likely to cross 8 per cent in the next two years and the government is taking a number of steps including formulation of a new industrial policy to double the economy’s size to USD 5 trillion in 7-8 years, Commerce Minister Suresh Prabhu said today. “We […]

Last hour recovery helps Sensex end 20 points lower

  Mumbai, Jun 8: A solid fight back by the bulls in the last hour of trade ensured that benchmark indices ended their day and week off the low points. The Sensex managed to end flat, while the Nifty closed above 10,750-mark. The day was largely marked weak moves on D-Street, dragged by factors such […]

FDI in India rises to USD 61.96 bn in 2017-18: Govt

New Delhi, Jun 8: Foreign direct investment (FDI) in India increased by about 3 per cent to USD 61.96 billion in 2017-18 on account of steps taken by the government to improve business climate and liberalised policy norms. FDI inflows stood at USD 60 billion in the previous fiscal. The figure includes equity inflows, reinvested […]

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