Economy

Association tells govt. to stop prioritising supply to power plants, says others deprived of raw material The Aluminium Association of India (AAI) has written to the government asking it to stop prioritising coal supply to power plants. The exclusion of other industries that required coal was depriving them of the …

While LIC has a direct stake in more than 300 listed companies – with a stake of at least 1% or more – there are at least 24 entities in which it has a stake of over 10%, as per the shareholding data available on the BSE. Most of these …

Tech giant also unveils Pixel 2-in-1 tablet and a connected Home Hub speaker Google’s new Pixel phones mirror the industry trend moving the devices toward lusher, bigger screens and add new twists on the camera for taking better selfies and other pictures. The Pixel phones have barely made a dent …

novels and more recently through modern Turkey’s hugely successful TV soap operas They are among Istanbul’s most iconic sights — magnificent waterside mansions strung out along the Bosphorus as the waters of the strait dividing Europe and Asia lap almost at their front doors. Once the preserve of the Ottoman …

The Centre has notified a higher interest rate of 8% for the non-government provident, superannuation, and gratuity funds, effective from October 1. The interest rate on these funds has been raised from 7.6%. The move comes on the back of a hike in small savings rates — by up to …

India is projected to grow at 7.3% in 2018 and 7.4% next year, the International Monetary Fund (IMF) said on Tuesday, predicting that the country will regain the tag of the world’s fastest growing major economy this year, surpassing China with more than 0.7 percentage points. In 2017, India had …

Weakens for sixth straight session The rupee weakened against the dollar for the sixth straight session, as the currency hit a fresh low amid strengthening of the greenback. The rupee declined 33 paise against the dollar to end the day at 74.39, which is a record low. The rupee opened …

JSW Energy is planning to revive its 240 megawatt (MW) hydro power project in Chamba district of Himachal Pradesh at a cost of Rs.2,500crore. The plant, conceived in2007, was put on hold as the company could not have a long-term power purchase agreement (PPA) with the buyers. Government tender “The …

State Bank of India (SBI) has decided to triple the target for loans it purchases from non-banking finance companies (NBFCs). The move is expected to provide much-needed liquidity to these entities. SBI had earlier planned to buy Rs. 15,000 crore worth of portfolio from NBFCs. It has now decided to …

Payment service, in pilot mode, to expand countrywide Ahead of the October 15 deadline to comply with RBI’s data localisation norms, Facebook-owned Whatsapp said it had built a system in India to store payments related data locally. “In response to India’s payments data circular, we’ve built a system that stores …