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HDFC Bank is Indias second largest private sector bank. (Photo: PTI)Business
HDFC Bank recognized for best practices in payment security

For the second time in a row, the bank has won the award in the India and South Asia category.

1 Jun 2018 12:29 PM IST

Synergies Castings Limited, Indias leading aluminium alloy wheel manufacturer has signed a MoU with Andhra Pradesh government to establish a major Greenfield aluminium casting and speciality alloy wheel manufacturing facility in Vizag and to create 2,000 jobs.Business
Manufacturing PMI growth slows in May, inflationary pressures pick up

India GDP grew at its fastest annual pace in nearly two years during the January-March quarter.

1 Jun 2018 10:48 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.Business
Non-food credit growth up to 10.7 per cent for April: RBI

Priority sector loans growth slowed down to 5 per cent from the 5.7 per cent in the year-ago period.

1 Jun 2018 9:31 AM IST

IMF chief Christine Lagarde on Sunday said the Indian economy is on a \very solid track\ in the mid-term. (Photo: AP)Business
IMF urges countries to work together to reduce trade barriers

For the first time in a long time, trade is growing faster than global GDP, and spreading recovery around the world.

1 Jun 2018 8:29 AM IST

Piyush GoyalBusiness
India on track: Piyush Goyal

Fastest growing economy in Q4.

1 Jun 2018 12:51 AM IST

The Indian government is considering a plan to loosen the fiscal deficit target so that it could spend an additional Rs 500 billion to bolster the economy. Photo: PTIBusiness
Govt meets fiscal deficit target of 3.5 per cent for FY 2018

According to the data released by the Controller General of Accounts, the revenue deficit was 2.65 per cent of the GDP.

31 May 2018 7:16 PM IST

Against the backdrop of uncertain economic growth and rapid technological changes, CEOs in India continue to be confident of their companys growth prospects.Business
Indian economy expands 7.7 per cent in Q4, 6.7 per cent in FY18

However, the economic growth slows to 6.7 per cent in 2017-18 compared to 7.1 per cent in 2016-17.

31 May 2018 6:52 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.Business
Tax reforms to expand revenue base in India: Moody's

India and Sri Lanka have both recently streamlined and levied their VAT or GST regimes.

31 May 2018 3:50 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI seen turning hawkish in June, raising rates in August

RBI may announce a change in policy stance during the June meeting and follow that up with a hike in August.

31 May 2018 12:39 PM IST

Finance MinistryBusiness
Exporters' GST refund: Fin Min says only Rs 14,000 crore pending

Solutions are being put in place to fast-track clearances.

30 May 2018 6:19 PM IST

India and Indonesia on Wednesday announced the signing of a Memorandum of Understanding (MoU) between Confederation of Indian Industry and KADIN to promote bilateral economic, trade and technological cooperation between the two nations. (Photo: ANI)Business
India, Indonesia ink agreement to promote economic cooperation

The MoU was signed by the Director General of CII and the Vice Chairman of KADIN.

30 May 2018 1:14 PM IST

The latest round of wage revision for all banks is due from 1 November 2017. (Photo: ANI)Business
Banks ask exporters to close Iran deals due to US sanctions

Two Indian banks have asked exporters to complete their financial transactions with Iran by August.

30 May 2018 12:43 PM IST

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