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  • Retail inflation drops to one-and-half year low of 2.33% in November

    12 December, 2018 10:01 PM 121

    Retail inflation stood at 4.88 percent in November 2017. New Delhi: Retail inflation cooled to an about one-and-half year low of 2.33 percent in November, official data showed Wednesday. The consumer price index (CPI) based retail inflation in October was revised upwards to 3.38 percent from 3.31 earlier, the Central Statistics Office (CSO) said. The rate of price

  • India's November retail inflation eases to 2.33%, October IIP at 8.1%

    12 December, 2018 4:21 PM 129

    Driven by softer food prices India`s retail inflation rate eased to 2.33 percent in November. New Delhi: Driven by softer food prices India`s retail inflation rate eased to one-and-half year low of 2.33 percent in November as compared 3.31 percent in October, government data showed on Friday. On the other hand the country's industrial output rose in October

  • Government hikes MSPs of 22 agricultural crops, FRP for Sugarcane

    12 December, 2018 1:01 PM 148

    New Delhi: Government on Wednesday hiked Minimum Support Prices (MSPs) of 22 mandated agricultural crops and Fair & Remunerative Price (FRP) for Sugarcane on the basis of recommendations of Commission for Agricultural Costs & Prices (CACP). Among the Kharif Crops, the MSP of Paddy has been hiked from Rs 1550 to Rs 1750, Jowar from Rs 1700 to Rs 2430, Bajra

  • Sebi board clears easier startups listing rules; allows MFs to segregate distressed assets

    12 December, 2018 1:01 PM 129

    Mumbai: In a series of reforms, capital market regulator Sebi's board on Wednesday cleared easing of norms to kick-start startup listings and allowed mutual funds to segregate distressed assets to safeguard investment returns. At a meeting held here, the Sebi board also approved a proposal to expand the offer-for-sale mechanism for reduction of stake

  • RBI slaps Rs 1 crore fine on Indian Bank for violating cyber security norms

    11 December, 2018 6:29 PM 138

    Mumbai: The Reserve Bank of India Tuesday said it has imposed a fine of Rs 1 crore on Indian Bank for violating cyber security norms. The RBI has imposed, by an order dated November 30, 2018, a monetary penalty of Rs 10 million on Indian Bank for contravention of Circular on Cyber Security Framework in banks, the central bank said in a release. The contravention

  • Shaktikanta Das appointed as new RBI Governor

    11 December, 2018 2:25 PM 129

    New Delhi: Ending speculations, government appointed former Economic Affairs secretary Shaktikanta Das as the new Governor of the Reserve Bank of India. His appointment comes a day after Urjit Patel announced to resign as RBI Governor with immediate effect citing personal reasons. Das has become the 25th RBI Governor, and will serve a three-year term. "The Appointments

  • Mahindra Marazzo gets 4-star adult safety rating from Global NCAP

    7 December, 2018 2:50 PM 126

    As per the crash test results, the model offered good protection for both adult head and neck. New Delhi: Utility vehicles major Mahindra & Mahindra (M&M) Friday said its recently launched multi-purpose vehicle Marazzo has received four-star rating by Global NCAP for adult occupation protection. The Marazzo, which comes with standard double airbags

  • Krishnamurthy Subramanian appointed as Chief Economic Advisor for 3 years

    7 December, 2018 10:35 AM 150

    New Delhi: Krishnamurthy Subramanian, a top-ranking IIT-IIM alumnus, has been appointed as the new Chiec Economic Advisor for a period of 3 years. Subramanian is currently serving as Associate Professor of Finance and Executive Director for the Centre for Analytical Finance at the Indian School of Business. He holds a PhD from the University of Chicago

  • All new vehicles to be pre-fitted with high security registration plates from April 2019

    7 December, 2018 5:14 AM 122

    New Delhi: All new vehicles will be sold pre-fitted with High Security Registration Plates (HSRP) from April 1 next year, government has said. The Ministry of Road Transport and Highways has notified amendments in Central Motor Vehicles Rules, 1989 to this effect. The notification mandates that the High Security Registration Plate including the third

  • IndiGo first Indian carrier to have 200 aircraft in its fleet: Airline

    7 December, 2018 5:14 AM 161

    Mumbai: Budget carrier IndiGo has said that it has become the first domestic airline to have 200 aircraft in its fleet. Four new aircraft have joined the fleet, including two Airbus A320 ceo (VT-IKA and VT-IKB) and two A320 neo (VT IZK AND VT-IZI), taking the fleet count to 200 and number of deliveries to 226, IndiGo said in an internal communication