India's coffee exports touch 3.95 lakh tonnes in 2017-18

Jul 18 2018

India's coffee exports reached an all-time high of 3.95 lakh tonnes in 2017-18 as compared to 3.53 lakh tonnes in the previous fiscal, Parliament was informed.

GDP growth at 7.5% plus a healthy sign for economy: CII president

Jul 17 2018

Noting that impact of sustained structural reforms is now being felt on the ground, CII president Rakesh Bharti Mittal today said GDP growth at 7.5 per cent plus was a very healthy and positive sign for Indian economy.

FDI data cannot be taken on face value; RBI needs to regenerate it: Experts

Jul 17 2018

Pointing out discrepancies in FDI data, a study by two renowned experts has suggested that the RBI should regenerate foreign fund inflows and outflows data with detailed information at least for the past five years with a view to providing a more realistic picture of overseas investments.

FDI in services sector slumps 23% in 2017-18

Jul 15 2018

FDI inflows in the services sector declined by about 23 per cent to USD 6.7 billion in 2017-18, according to the Department of Industrial Policy and Promotion (DIPP).

Bank, insurance unions threaten strike during Parliament's winter session

Jul 14 2018

CCBIFU said a would be called during the winter session of the Parliament if the government does not revise its policies on banking and insurance sectors.

Rupee to remain at 68-72 against USD in near term: UBS

Jul 11 2018

The rupee is expected to be around 68-72 against the USD in the next 2-4 months, and the depreciation bias in the domestic currency is likely continue, says a UBS report.

Any issue of women's safety unfortunate: Ravi Shankar Prasad

Jul 10 2018

Any issue of women's safety is "unfortunate" and joint efforts are needed to address this "social problem", Union minister Ravi Shankar Prasad has said.

Commerce Secretary chairs first meet of task force on e-commerce policy

Jul 06 2018

Rita Teaotia chaired the first meeting of the task force set up to recommend the framework for a national policy on e-commerce and deliberated upon issues such as cross-border data flows, taxation, trade facilitation and logistics, consumer confidence, IPR and future tech, FDI and competition.

PwC must pay FDIC $625.3 million over bank's collapse: US judge

Jul 03 2018

A federal judge said PwC must pay $625.3 mn in damages to the Federal Deposit for failing to uncover fraud that led to one of the largest bank failures.

Flipkart deal in line with govt's FDI policy: Walmart

Jul 02 2018

Walmart defended its move to acquire Flipkart, saying it is in line with the govt's FDI policy, amid protests by traders against the deal.

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