Saturday , 21 January 2017
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Indian IT-BPM industry to grow at 8-10% in 2017: Nasscom

IANS NEW DELHI The Indian IT-BPM industry is poised to grow at 8-10 per cent in the financial year 2017, demonstrating sustained growth despite global headwinds, IT industry’s representative organisation Nasscom said on Wednesday. Sharing its revised guidance as part of its mid-year performance review of the IT-BPM industry, Nasscom reiterated that the industry remains in a strong position as ... Read More »

Demonetisation of currency is not a panacea for all ills

BY D M DESHPANDE There is a raging debate on the bold move of the Government to withdraw Rs 500 and Rs 1,000 currency notes from circulation. First let us look at certain factual data; in the year 2016, total value of money circulation is estimated at around 17 lakh crore. Please like & share: Read More »

WPI inflation dips to 3.39% in Oct as food prices soften

NEW DELHI: In the second consecutive month of decline, wholesale inflation eased to 3.39 per cent in October as food articles, led by vegetables, witnessed softening of prices. The wholesale price-based inflation, reflecting the annual rate of price rise, in September stood at 3.57 per cent. In October 2015, WPI inflation was (-)3.70 per cent. Please like & share: Read More »

Sensex at 6-mth low, bleeds 514 pts on fund outflows

MUMBAI: Markets took another blow on Tuesday as the Sensex plunged over 514 points to end at nearly 6-month low of 26,305 while the Nifty cracked below 8,200 mark on concerns about outflows amid surging US yields and the dollar gathering more steam. Please like & share: Read More »

Tata meets Jaitley as boardroom battle rages with Mistry

NEW DELHI: Ratan Tata, back at the helm of India’s biggest conglomerate, today met Finance Minister Arun Jaitley as bitter boardroom battle continues to rage following the ouster of Tata Sons Chairman Cyrus Mistry. Please like & share: Read More »

Rise in Tata Sons’ expenses due to legacy issues: Mistry

MUMBAI:Ousted Chairman of Tata Sons Cyrus Mistry on Tuesday said financial irregularities and legacy issues had led to the rise in expenses and impairments at the industrial conglomerate. In a statement, Mistry’s office observed that some fundamental changes had taken place between the last five years of Ratan Tata’s tenure and the period under Mistry’s leadership. Please like & share: Read More »

Modi directs steps to disburse more money in rural India

IANS NEW DELHI In a bid to ensure that people in rural areas are able to get access to cash, the government has enhanced the currency limits of banking correspondents, allowed them multiple visits to banks and disburse more money through branch post offices. Briefing the media on Monday after a high-level meeting chaired by Prime Minister Narendra Modi the ... Read More »

FinMin begins daily review exercise to ease cash crunch

PTI NEW DELHI Keen to end the misery of millions of cash-starved citizens, the Finance Ministry today began a daily review exercise to assess problem areas and put in place remedial measures. Nearly a week after the government withdrew Rs 500 and Rs 1,000 notes as part of a crackdown against blackmoney and corruption, queues outside banks and ATMs have ... Read More »

ECONOMIC SCAN

Goa pavillion inaugurated at IITF, New Delhi PANAJI: The Goa pavilion setup at the 36th edition of the India International Trade Fair (IITF) was inaugurated on Monday at Pragati Maidan, New Delhi by joint director department of Information and Publicity Rohit Kadam. Director of Department of Industries, Trade and Commerce Ashok Rane, managing director GIDC Umesh Chandra Joshi and information ... Read More »

Over 600 jewellers asked to give details of gold sales

PTI NEW DELHI In another move to check illegal sale of gold after demonetisation of high-value notes, excise officials have summoned details of sale of the yellow metal and ornaments from over 600 jewellers across 25 cities. The officials of Directorate General of Central Excise Intelligence (DGCEI), an intelligence arm under the Finance Ministry, has sent notices to these jewellers ... Read More »

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