Business

Newly appointed Chief Economic Adviser (CEA) KV Subramanian, in his first economic survey, has predicted real Gross Domestic Product (GDP) growth rate at 7 per cent.

The broader NSE Nifty closed 0.05% higher at 11,916.75, while the benchmark BSE Sensex settled 0.06% firmer at 39,839.25.

This month witnessed a USD 200-million investment in Grofers. The investment resulted in the e-commerce sector capturing 20 per cent of PE values, while this deal alone accounted for 18 per cent of total PE deal values.

His remarks come in the backdrop of recent controversies over GDP data after former Chief Economic Adviser Arvind Subramanian in a research paper claimed that India has over-estimated its economic growth.

The railway ministry in its 100-day plan has proposed that it will offer two trains to IRCTC, to operate on haulage concept, with ticketing, onboard services to be provided by them.

The long-term capital gains tax was imposed on shares being held for more than one year. Investors in equity-oriented mutual funds were also included in the LTCG tax net.

The two drug makers aim to create a combination to deliver new sources of growth that they have struggled to find on their own.

After swinging over 200 points within the first 15 minutes of trade, the 30-share index pared opening losses to trade 111.08 points, or 0.28 per cent, higher at 39,546.02.

As per Section 8 of the Reserve Bank of India Act of 1934, the governor and deputy governors are appointed by the government.

Today rupee is trading flat, amid easing crude oil prices, foreign fund inflows and weakening of the US dollar in the overseas market, said VK Sharma.

NPA in the banking system had peaked at 11.5 per cent in March 2018 and then declined to 9.3 per cent in March 2019.

Indian Steel Association's budget recommended the government to discourage imports of non-essential steel items that 'it produces and have the capacity to meet the entire domestic requirement'.

The Department takes actions, like searches, surveys, enquiries, assessment of income, levy of tax/interest/penalty and launching a prosecution, against those possessing black money.

The price of gold in India hit a record high of 35,430 rupees per 10 grams on Friday, tracking gains in the world market and helped by a weak rupee.

Before becoming finance minister, Nirmala Sitharaman had handled defence and security experts feel that she is well versed with the expectations of the armed forces.

Suzlon has offered a one-time settlement proposal to its lenders that entails potential stake sale to Brookfield and a considerable amount of waiver of the debts by lenders including foreign currency convertible bondholders.