Search Results for: fiscal deficit

LIC to rescue debt-ridden IDBI bank as IRDAI approves majority stake

Insurance sector rules do not allow an insurance player or company to invest more than 15% in a company, so LIC was taken as a special case.

Jun 30, 2018

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US President Trump hints at another tax overhaul in October

Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to 20 percent from 21 percent.

Jun 30, 2018

SBI to shut nine foreign offices, plans to open more branches in India

Earlier, the Department of Financial Services had directed the Public sector Banks (PSBs) to shut down the businesses at unviable places.

Jun 28, 2018

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Rupee crashes to all-time low at 69 against US dollar

The rupee fell to an all-time low against the U.S. dollar in early trade on Thursday, tracking Asian peers with weakening macro-economic fundamentals on the domestic front also weighing on the currency.

Jun 28, 2018

Infosys denies whistleblower's allegations on delayed 20F filing

Infosys denies any wrongdoing in filing the 20F form with US Securities and Exchanges Commission despite whistleblower's complaints.

Jun 26, 2018

Wipro's Rishad Premji gets a salary hike of 250% for FY18

It is interesting to note that the hike comes at a time when Wipro has sacked a large number employees in last fiscal year. The IT major has also been dealing with growth issues after the bankruptcy of two clients.

Jun 25, 2018

Plans to sell Air India shelved, government looks at improving profits

Modi government shelves plan to sell struggling national airline, plans cash injection to boost operational viability. New plans involve an IPO and public trading in the long term.

Jun 20, 2018

Karnataka Budget 2018: Government will present new budget in July, says Kumaraswamy

Chief Minister to present a new budget for the fiscal year of 2018-19. HD Kumaraswamy says it will focus on farmer loan waivers after green signal from Congress chief Rahul Gandhi.

Jun 20, 2018

China vows to hit back as Trump plans $200 billion additional tariffs on Chinese imports

The developments suggest an intensifying trade dispute that the International Monetary Fund fears would be one of the biggest risks to global growth.

Jun 19, 2018

Chanda Kochhar asked to go on leave until completion of internal inquiry

ICICI Bank's Board has, at its meeting on Monday, decided to appoint Sandeep Bakhshi as the lender's whole time director and chief operating officer (COO).

Jun 19, 2018

Only Uday Kotak gets a pay hike among all private bank chiefs in FY18

The annual report of Kotak Mahindra bank shows that Uday Kotak received a pay hike of 11.02 percent - Rs 2.92 crore - in the fiscal year ended March 2018, from Rs 2.63 crore in the year ended March 2017, mainly due to a similar rise in basic salary.

Jun 18, 2018

Nepal PM Oli to build railway link to strategic ally China: How will India react?

Once Nepal and China sign a pact for the Tibet-Kathmandu rail link, the two nations will conduct a feasibility study for the railway line, which is likely to be completed in the next four years. India is yet to react to the move, which is likely to raise concerns including on the security front.

Jun 18, 2018

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Search Results for: fiscal deficit

LIC to rescue debt-ridden IDBI bank as IRDAI approves majority stake

US President Trump hints at another tax overhaul in October

SBI to shut nine foreign offices, plans to open more branches in India

Rupee crashes to all-time low at 69 against US dollar

Infosys denies whistleblower's allegations on delayed 20F filing

Wipro's Rishad Premji gets a salary hike of 250% for FY18

Plans to sell Air India shelved, government looks at improving profits

Karnataka Budget 2018: Government will present new budget in July, says Kumaraswamy

China vows to hit back as Trump plans $200 billion additional tariffs on Chinese imports

Chanda Kochhar asked to go on leave until completion of internal inquiry

Only Uday Kotak gets a pay hike among all private bank chiefs in FY18

Nepal PM Oli to build railway link to strategic ally China: How will India react?

DBT savings could touch Rs 40,000 crore in current Financial Year

India set to impose $240 mn retaliatory tariffs on imports from US

Slowing gasoline price rises keep US inflation in check

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]