Saturday, Oct 19, 2019 | Last Update : 10:53 AM IST

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Business

“We have actually had some of our statistical experts look at the national accounts data. Generally they find that for an emerging market, India is not bad. There are areas it needs to improve, but relative to other emerging markets it is not bad. And what we are fairly confident about is that there is no systematic bias in the numbers,” Salgado told BloombergQuint in an interview in Washington.

India’s GDP data is not biased: IMF

DC CORRESPONDANT | PTI

To improve the quality of its macroeconomic data, India needs to work on its price indices and measure its informal sector better, he said.

Chief Executive Officer Alexandre Ricard, in a phone interview with Bloomberg, said the pace will moderate from last year in India and China in an uncertain environment. It guided for low double-digit growth in the medium term in India.

Slump forces people shift to cheap liquor, hits top brands

DC CORRESPONDANT | PTI

The management attributed the muted growth to higher sales a year ago and slowing demand in India.

China’s trading partners and investors are closely watching the health of the world’s second-largest economy as the trade war with the United States fuels fears about a global recession.

China’s GDP growth rate at 30-year low

Reserve Bank of India (RBI)

RBI feels bank rates will drop after benchmarking

Rupee traded in range of 71.31 and 71.05 during the day, before finally finishing at 71.14, up just 2 paise from its previous close.

Rupee ends flat at 71.14 versus US dollar

Yes Bank was the top gainer in the Sensex pack, rallying up to 8.44 per cent, followed by Maruti, PowerGrid, NTPC, L&T and SBI. (Photo: File)

Sensex rallies for 6th day, rises 246 points

Honda has not yet confirmed if the hybrid setup will come to India.

Honda teases fourth-gen Jazz; will be revealed fully next week

Spot gold price for 24 Karat in Delhi was trading down by Rs 145 to Rs 38,925 on weak global prices and a stronger rupee. The spot rupee was trading 5 paise stronger against the dollar during the day, HDFC Securities Senior Analyst - Commodities, Tapan Patel said. (Photo: Representational)

Gold falls by Rs 145 on weak global trends, strong rupee

E-commerce companies have no right to offer discounts or adopt predatory prices. Selling products cheaper and resulting the retail sector to incur losses is not allowed, said commerce minister Piyush Goyal in Mumbai on Thursday. (Photo: File)

Govt probing Flipkart, Amazon for alleged discount sales: Piyush Goyal

FADA said it has compiled data from 1,188 out of a total of 1,461 RTOs in the country.

Passenger vehicle retail sales fall 20 pc in September: FADA

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Skoda drops first teaser for the 2020 Octavia

A more premium interior with a bigger touchscreen is also expected.

Fate of Japan’s imperial dynasty rests on shoulders of 13-year-old

Hisahito’s birth in 2006 was seen as a miracle by conservatives eager to preserve the males-only succession. (Photo: Social Media)

5 platforms enabling you to save more while you engross in your festive shopping

The industry estimates suggest that festive sales account for around 20-30 per cent of annual revenue for apparel and lifestyle brands. (Representational image)

'Gully Boy,' 'Delhi Crime' win big at Asian Academy Creative Awards

'Gully Boy,' 'Delhi Crime' won top honours at Asian Academy Creative Awards

Horrific child porn website finally taken down

With the analysis, the special agents were able to track down the website server's physical location in South Korea. (Photo: Pixabay)

'African Mona Lisa' sells for over Rs 10 crore after family 'Googled' signature

A painting by the Nigerian artist responsible for the "African Mona Lisa" sold at auction in London on Tuesday for £1.1 million after the family who owned it googled the signature and realised its importance. (Photo: AFP)

Read here: Why 13 parrots were produced before a Delhi Court?

The parrots were produced in the court after an Uzbek national -- Anvarjon Rakhmatjonov -- was arrested by the CISF at the Indira Gandhi International Airport for trying to smuggle them out of the country. (Representational Image)

Made in India robots to serve food at this Bhubaneswar restaurant

Robo Chef, a first of its kind restaurant in the city has two robots that interact with customers and serve food. (Photo: ANI)

One size, fits all: NASA unveils new spacesuit prototypes for missions

“This is the first suit we’ve designed in about 40 years,” Chris Hansen, a manager at NASA’s spacesuit design office, said. (Photo: Twitter)

Next-gen Isuzu D-Max pickup revealed

Debuts new 3.0-litre diesel engine offering, likely to be Euro 6/BS6-ready.

Gallery

Revolt Motors has finally unveiled its maiden electric bike, the RV 400. In fact, when the deliveries begin next month, it will become the first electric motorcycle to go on sale in India. There’s no word on the price yet, but we expect it to cost around Rs 1 lakh (on-road). At this price, the RV 400 would be one heck of a deal considering that it is loaded with features. Here’s a closer look at the electric motorcycle in detailed images. (Source: BikeDekho.com)

Photos: Revolt RV 400 electric bike

Photos: Revolt RV 400 electric bike

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Revolt Motors has finally unveiled its maiden electric bike, the RV 400. In fact, when the deliveries begin next month, it will become the first electric motorcycle to go on sale in India. There’s no word on the price yet, but we expect it to cost around Rs 1 lakh (on-road). At this price, the RV 400 would be one heck of a deal considering that it is loaded with features. Here’s a closer look at the electric motorcycle in detailed images. (Source: BikeDekho.com)

Photos: Revolt RV 400 electric bike

There are many sports bikes currently on sale from various manufacturers starting from 1 Lakh. The most popular products under this bracket are the Suzuki Hayabusa, Kawasaki Ninja H2 SX, MV Agusta Brutale and Ducati Panigale V4. To know more about the latest prices of sports bikes in your city, offers, variants, specifications, pictures, mileage, reviews and other details from the list below. (Source: Bike Dekho.com)

7 expensive sports bikes in India

German carmaker Audi has revealed the e-tron for the Indian market. The e-tron is an all-electric SUV that was revealed globally in November last year and is Audi’s first truly all-electric product for the global market. Take a look at the most important car news from the week gone by. (Source: CarDekho.com)

Top 5 car news of the week

Choosing the right car within a budget of Rs 10 lakh can be quite a challenge. Each of the offerings in this class bring something unique to the table – right from the latest entrant Volkswagen Polo to the feature rich Renault Kwid and the universally acclaimed Maruti Suzuki Alto 800. (Source: CarDekho.com)

Budget Rs 10 lakhs: 8 cars that you can check out right now

Autos

A more premium interior with a bigger touchscreen is also expected.

Skoda drops first teaser for the 2020 Octavia

The XC40 Recharge is the first car from the Recharge lineup.

Volvo introduces its first-ever electric SUV: The XC40 Recharge

Honda’s curvaceous design theme will remind you of second-gen Jazz.

New-Gen Honda Jazz spied without Camo ahead of Tokyo Motor Show reveal

Iconic ‘Hamara Bajaj’ is back with e-scooter Chetak Next-gen Isuzu D-Max pickup revealed Toyota Fortuner, Ford Endeavour top the charts in September 2019 sales

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Companies

In August 2018, RIL became the first domestic firm to cross the Rs 8 lakh crore mark in terms of market valuation.

RIL creates history, becomes first Indian co to hit Rs 9 lakh cr m-cap mark

Petitioner can approach the high court concerned for appropriate relief, says Supreme Court.

SC dismisses plea by PMC account holders over cash withdrawals

Air India making a written request for the same as also promising to make regular payments to clear over Rs 5,000 crore in overdue fuel bills.

Oil companies defer decision to suspend fuel supplies to Air India

Bankers expect at least 6 million-7 million local investors to participate.

Saudi Arabia plans bumper Aramco IPO, relying on easy loans and rich locals

DHFL posted a net loss of 2.06 billion rupees during the quarter compared with a profit of 4.35 billion rupees in the same period a year earlier.

DHFL reports USD 29 million loss in June quarter

In September quarter, FMCG market clocked a value growth of 7.3 per cent, down from 16.2 per cent in the same quarter of 2018.

Slowdown in rural market halves FMCG growth, slips to 7-year low

Many real estate projects are stuck in the past one year due to lack of funds. (Representational image)

Real estate market sentiment decline to 2016 note ban levels

The government took immediate measures by resolving all the ailing non-financial firms through Insolvency and Bankruptcy Code (IBC), but it does not cover deposit-taking financial companies. (Representional Image)

Centre plans new FRDI Bill, hike in deposit insurance

Economy

It (India) is one of the fastest growing (economies) even today. It has the best skilled manpower and a government that is continuously doing what is required in the name of reforms, above all democracy and rule of law, FM Nirmala Sitharaman said on Wednesday. (Photo: File)

No better place to invest than in India: FM Nirmala Sitharaman

Our economy is like any other economy in the world... challenges have grown (in recent times), said Minister Piyush Goyal. (Photo: File)

Economic slowdown cyclic in nature; right time to invest in India: Goyal

The inflation print for vegetables shot up to 15.40 per cent during the month. (Representational Image)

Retail inflation rises to 3.99 pc in Sep on costlier food items

WPI inflation eases to 0.33 per cent in September FPIs pull out over Rs 6,200 crore in October so far World Bank slashes India's growth forecast to 6 per cent for this fiscal year

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Market

The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.01 per cent to 97.60.

Rupee slips marginally in opening deals

The broader NSE Nifty advance 32.30 points, or 0.28 per cent, to 11,618.65.

Sensex rises over 100 points; HDFC Bank, RIL lead gains

The broader NSE Nifty too spiked 122.35 points, or 1.07 per cent, to settle at 11,586.35. (Photo: File | AP)

Sensex rallies 453 points to close above 39,000-mark; Nifty tops 11,550

The Indian rupee on Wednesday had closed at 71.43 against the US dollar.

Rupee opens 5 paise higher at 71.38 vs USD in early trade

The 30-share index was trading 60.48 points, or 0.16 per cent, higher at 38,659.47 in morning trade. (Photo: File)

Sensex gains 60 points in early trade

At the interbank foreign exchange market, the rupee opened at 71.60 against the US dollar. During the day, the domestic unit fluctuated between a high of 71.36 and a low of 71.71.

Rupee pares initial losses; settle 11 paise up at 71.43 against USD

Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57 per cent.

Sensex rises for 4th straight session, up 93 points

Spot gold prices for 24 Karat in Delhi were trading higher by Rs 120 at Rs 39,030 on festival demand and weaker rupee, HDFC Securities Senior Analyst - Commodities Tapan Patel said.

Gold marches higher; up Rs 120 on festive demand, weaker rupee

In Other News

As the owner of a two-wheeler, you can either buy a minimum of third-party two wheeler insurance cover or an all-inclusive comprehensive cover.

Two-wheeler Insurance: Know the nuts and bolts

The festive season from October-January has been talismanic for the Indian economy. (Photo: ANI)

5 fintech platforms who are working towards uplifting the SME and MSME sector

The industry estimates suggest that festive sales account for around 20-30 per cent of annual revenue for apparel and lifestyle brands. (Representational image)

5 platforms enabling you to save more while you engross in your festive shopping

Delhi odd-even scheme to make a comeback in Nov; CNG no longer exempted Govt readies policy to attract foreign investment in coal mining India to chart is own course of energy transition: Pradhan

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