Business
Saudi Arabia, SoftBank Sign Dollar 200 Billion Deal for World's Biggest Solar Power Project
The project is expected to have the capacity to produce up to 200 gigawatts (GW) by 2030, SoftBank Chief Executive Masayoshi Son told reporters in New York.
Sensex Slips Over 150 Points on F&O Expiry, Weak Global Cues
A weak trend at other Asian bourses after a sharp fall on Wall Street, driven by technology stocks, also weighed on market sentiment here.
China Renews Pledges to Open Economy, Protect Intellectual Property Rights
The pledge on reform and equal treatment came from Vice Premier Han Zheng, at a time there are increasing prospects of a trade war with the United States.
Commerce Ministry Terminates Anti-dumping Probe on Solar Cells
Imposition of anti-dumping duty is permissible under the World Trade Organisation (WTO) regime. Both India and China are members of the Geneva-based body.
US Federal Reserve Raises Key Rate, Foresees 2 More Hikes This Year Amid 'Strong' Jobs Market
The Fed's latest rate hike marks its sixth since it began tightening credit in December 2015, after having kept its benchmark rate at a record low near zero for seven years to help nurture the economy's recovery from the recession.
Nandan Nilekani Bats for Privatisation of Public Sector Banks, Cites Interest of Taxpayers
Nilekani, who contested the last Lok Sabha polls on a Congress ticket, said banks were nationalised over five decades ago because they were focusing only on big industries and ignoring smaller ones. The 21 state-run banks had suffered reverses because of...
Jerome Powell's Fed to Show Policy Caution, Shun Political Friction
Powell, the consensus-builder, may make some tweaks to reflect changing economic conditions.
Bangladesh, India to Meet on Transit Protocol
The two countries had initiated a process to improve the navigability of inland water transit protocol route between the neighbouring countries so that India can connect NW-1 on the river Ganga (from Varanashi to Haldia) with the northeastern states.
News18 Rising India Summit | India's Story Can Either be Next Wave of Globalisation or Mass Unemployment: Economist Paul Krugman
Economist and Nobel laureate Paul Krugman said India has the first-mover advantage for a potential second wave of growth, simply because of its working age population.
Rupee Closes Marginally Down at 64.94 Against US Dollar
The domestic unit hovered between 64.85 and 64.99 during the day before ending at 64.94, down by 1 paisa.
World Bank Official Plays Down PNB Scam, Says Not a Systemic Issue
"A scam is always important for us to take a look at whether the regulatory supervision functions, or the banking sector is as efficient as it should be. I wouldn't look at one scam as indicative of a system (failure)," Junaid Kamal Ahmed, the country dir...
Axis Bank to be Able to Process Payments Over WhatsApp Soon
"We are also working with partners like Google, WhatsApp, Uber, Ola and Samsung pay to be able to create the ecosystem for customers to be able to make payments," Axis Bank Executive Director - Retail Banking, Rajiv Anand said.
Venezuela Wants India to Buy Its Oil Using Rupee, Not US Dollar
Foreign Minister Jorge Arreaza said on Monday his country wants India to buy its oil using Indian rupee, which the South American country in turn can use for trading Indian food products and medicines.
Tata Sons to Sell More Than $1 Billion Worth of TCS Shares: Source
The holding company of salt-to-software Tata conglomerate is planning to sell the TCS shares for 2,872 rupees to 2,925 rupees each, CNBC TV18 reported on Monday.
DGCA Grounds 8 IndiGo and 3 GoAir Aircrafts Over Faulty Engines
The decision comes hours after an A320 neo aircraft of IndiGo suffered engine failure mid-air and made an emergency landing at Ahmedabad airport.
High Taxes Will Limit Luxury Car Market Growth in India: JLR
Although the luxury car industry was hoping a good double-digit growth in 2018 as it (the industry) grew by about 13 per cent in 2017, the industry growth could end up in "a single digit or low double-digit" with increase in customs duty and higher taxati...