Economy 127
India climbs one spot to 129th in 2019 human development index: UNDP
In India, 27.1 crore people were lifted out of poverty from 2005-06 to 2015-16, UNDP India resident representative Shoko Noda said
Indigo Paint's IPO may fetch 3.5x returns for Sequoia in partial exit
The fund-raising comes at a time when the company plans to penetrate cities and scale up investments and become a key player in the industry
27.2 mn male, 15.6 mn female registered job seekers in the country: Govt
Santosh Gangwar said employment exchanges are being managed by the respective state governments in the country and there are five employment exchanges which are exclusively for women job seekers
SC to hear PIL over setting up SIT into Hyderabad encounter case tomorrow
Telangana police said on Friday that the accused were killed in an exchange of fire with police
government bonds launches interest rate options on 10-year government bonds
As per the statement, interest rate options are based on the underlying government 10-year bonds -- the 7.26% 2029 bond and the 6.45% 2029 bond
Puducherry CM V Narayanasamy gifts onions on Sonia Gandhi's birthday
Puducherry CM protested the Central government's failure to control the price of onion
Lithuanian Central Bank Announces Blockchain Collector Coin
The Bank of Lithuania announced that it will release its first digital, blockchain-based collector coin in the spring of next year.
Sanna Marin to be PM of Finland, world's youngest head of govt at 34 years
Finland, like much of the West, has seen a rise in right-wing populists and the nationalist Finns Party did well in April election, though centrist and left-wing parties won most votes
A Reality Check: Blockchain and DLT in International Trade
New study jointly conducted by international trade organizations focuses on possibilities and challenges of blockchain tech implementation to the industry.
Asian stocks pulled higher by Wall Street jobs rally but China caution prevails
Asian stocks edged up on Monday, catching some of Wall Street's momentum after surprisingly strong U.S. jobs data although regional gains were ...
JNU fee hike row: HRD Ministry unlikely to interfere, won't issue directive
The HRD Ministry may 'facilitate' a resolution but will not issue any 'directive'
Bakkt Launches 1st Regulated BTC Options as CEO Enters US Senate
The Intercontinental Exchange’s digital asset platform Bakkt launched the first regulated Bitcoin options and cash-settled futures.
Kingsland, Soul Tree to form JV, UK set for bulk wine imports from India
We believe there is a clear market opportunity for Indian wine, especially in the Indian restaurant sector, said Ed Baker, managing director at Kingsland Drinks
Huawei to roll out Harmony OS to more products next year, but not phones and tablets
Chinese tech giant Huawei Technologies plans to equip more of its products with its Harmony operating system (OS) next year, and will promote them ...
Police resort to lathicharge during JNU student march to Rashtrapati Bhawan
When the students reached a cordoned area, they tried to jump the barricades and were lathicharged by the police
TTK Prestige to boost home solutions portfolio, eyes new verticals
While it is launching 30 SKUs in the home cleaning range, other products in the electrical and non-electrical spaces are on the drawing board
K'taka bypolls: With 12 seats Yediyurappa retains govt, Cong sees fallout
Modi called the by-polls in Karnataka "extraordinary", one which would decide whether the BJP government would stay or go.
MPs in RS demand hike in tea workers' wages, universal maternity benefits
Demanding the government protect goldsmiths, BJP leader Kailash Soni said traders of gold and silver are in distress due to "police harassment".
Letter to BS: Delhi fire tragedy shows how lethargic govt officials are
This is also the reason for frequent deaths in the national capital in public buildings
HC extends date for Centre's reply on plea for drafting Uniform Civil Code
The court allowed the oral prayer of central government standing counsel Anil Soni and listed the matter for hearing on March 2, asking the Centre to file its reply to the petition
North Korea calls Donald Trump 'thoughtless', 'sneaky old man' over tweets
Kim has said North Korea will seek a new way if the US maintains its sanctions and pressure, and issued the deadline for the Trump administration to offer mutually acceptable terms for a deal.
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
South Korea's government plans to tax capital gains returns on cryptocurrency transactions.
After toll plazas, govt push for FASTag at Hyderabad airport parking
It has given a major fillip to the Digital India initiative by converting cash toll payments to electronic and brought in an enhanced transparency in entire tolling ecosystem, the ministry said
India needs support from advanced nations to fight climate change: Govt
Prime Minister Narendra Modi launched a global Coalition for Disaster Resilient Infrastructure (CDRI) at the United Nations (UN) Climate Action Summit 2019 held in New York on September 23.
5 dead, many missing in eruption of NZ volcano; search ops yet to begin
Police said the site was still too dangerous hours later for rescuers to search for the missing
NGT asks Pollution Control Board to curb plastic manufacturing violations
The NGT had earlier said there was no proper mechanism for plastic waste management in the country and directed the CPCB to take necessary action in this regard.
Loan defaults mainly due to salary delays, biz downturns, says survey
The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth slipping to a six-year low
Shakti Pumps hits 52-week low as CARE downgrades bank facilities
The outlook for the long-term rating of the company has been revised from 'Stable' to 'Negative'.
India set to be among top advertisement markets in 2019: GroupM and Zenith
The overall market size is expected to reach Rs 95,000 crore
Chanda Kochhar termination: Bombay HC seeks RBI's reply before next hearing
Earlier, Kochhar had stated that ICICI Bank was under statutory obligation to obtain prior RBI approval to terminate her from service, and claimed that the bank did not seek any such approval.
Letter to BS: Judicial system needs procedural overhaul, attitudinal change
It is high time the higher judiciary admits that the main cause is not simply the vacancies of judges
BMA Wealth investors stage protests, demand Karvy-like refund action
Investors said while Sebi acted swiftly in the case of Karvy, it has done nothing to address their problem
Will never allow NRC, CAB in Bengal; no one will lose citizenship: Mamata
Her comments come on a day when Shah after introducing the bill in Lok Sabha said it is not against minorities but against infiltrators
ICICI Bank opens new center in Bahrain, offers retail, corporate banking
The bank already has a retail branch at the local Manama Centre, it said in a statement
Vivo V17 with 32MP selfie camera, 4,500mAh battery launched for Rs 22,990
The smartphone houses a 32MP front camera which is placed into in the 'iView' display with E3 super AMOLED screen
Petrol price hits Rs 75 per litre mark, diesel price crosses Rs 66
The increase pushed price of petrol to Rs 75 per litre in the national capital and that of diesel to Rs 66.04 per litre
UP cabinet okays Zurich Airport International plan to develop Jewar airport
The new airport will be designed, developed and operated under a 40-year concession period and the Swiss firm will invest more than Rs 4,500 crore in it
Here's why Saudi Aramco's stock is unlikely to plunge on its debut
From bonus shares to a fat dividend, there's a lot to underpin the price, at least initially
After nod to Recycling of Ships Bill, India eyeing 60% global share: Govt
Terming the passing of the Bill as a giant step and a historical moment in the Indian maritime arena, Mandaviya said it will have far reaching effects on the ship recycling industry.
Higher MSP fosters surge in paddy arrivals in Chhattisgarh's centres
Over 700,000 tonnes of the crop arrived in a week. State has till date disbursed Rs 7,000 cr to farmers, who will be paid Rs 1,815 a quintal for common grade and Rs 1,835 for A-grade produce
COP 25: India calls for speedier expansion of international solar alliance
Union Environment Minister Prakash Javadekar said there was a need to speed up this alliance to trap solar energy in a big way
France's Sanofi to buy Synthorx for US$2.5 billion
France's Sanofi said on Monday it had agreed to buy Synthorx in a cash deal worth around US$2.5 billion as it seeks to beef up its ...
Imran urges overseas Pakistanis to invest in Pak, says learn from Indians
He lamented that Pakistani people were unaware of the dire consequences corruption could have on their lives
At $1.6 trn a day, EM currency trading outpaces peers, rupee deals double
In early 2016, emerging-market currencies began a two-year rally that took MSCI Inc.'s gauge to a record as investors sought higher-yielding assets
Anaj Mandi fire incident was catastrophe waiting to happen, says NHRC
About 100-150 people were sleeping when the fire broke out and most of the victims choked to death
Tata Motors plans to add 100 new passenger vehicle outlets by FY 20 end
Tata Motors is looking to increase its penetration in the domestic passenger vehicle segment with entry into the premium hatchback segment.
Pace of housing starts edges up in November on strength in B.C., Alberta
Canada Mortgage and Housing Corp. says the annual pace of housing starts edged higher last month compared with October, although there were declines in five provinces.
Citizenship (Amendment) Bill doesn't violate constitution: Amit Shah
It will give relief to people living a painful life after facing persecution in neighbouring countries, he said.
Amazon, Flipkart planning to help SMEs go digital and grow their businesses
E-commerce giants adopt similar strategy to helps SMEs
SC partially lifts ban on construction activities in Delhi-NCR region
The apex court perused the affidavit filed by CPCB which said however that no construction should be permitted during 6 PM to 6 AM
Paul Volcker: The inflation tamer who set bank risk rule, dies at 92
In a career that spanned more than half a century, Volcker became a one-man economic cleanup crew
Shah defends Citizenship Amendment Bill, says has backing of 1.3 bn people
"We will have to differentiate between intruders and refugees. Citizenship amendment bill does not discriminate against anyone and does not snatch anyone's rights," he said.
IITs end first week of placements on a high note, beating last year's show
IIT Kharagpur gets more than 1,000 job offers in a record five days, with 144 companies visiting the campus till Dec 5
Karnataka bypolls: Siddaramaiah resigns as CLP leader over Cong' poor show
The Congress, which held 12 of the 15 seats where byelections were held on December five, won only two, in a huge set-back to the opposition party
Justice Chandrachud recuses himself from hearing St Stephen's college case
The judge said though he had prepared all the notes after going through the case file, it would not be appropriate for him to hear the matter
Lok Sabha passes Arms (Amendment) Bill 2019, exempts sportspersons
Shah said that there is a provision for life imprisonment for those who snatch or loot arms and ammunition from police or defence forces.
Aluminium firms seek cut in input duties as production costs, imports swell
Industry is dogged by inverted duty structure. While calcined petroleum coke import suffers 10%, finished aluminium attracts 7.5% duty. Caustic soda lye import is taxed at 7.5% versus 5% on alumina
After WADA's four-year doping ban, Russia set to miss 2020 Olympics
A spokesperson for WADA, whose executive committee is meeting in Lausanne, said: "The full list of recommendations have been unanimously accepted
Amazon India bets on vernacular, voice & videos to help sellers boost sales
Amazon also announced its partnership with CII to conduct awareness workshops and training in pre-identified locations to enable small and medium businesses start their e-commerce journey.
Japan’s 2nd-Largest Utility Trials Blockchain for Renewable Energy Credits
The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits.
Paytm Payments Bank says it issued 600,000 FASTags in November
PPB said it sold 6 lakh tags in the month of November, and claimed that it has equipped over 1.85 million vehicles with FASTags
Ayodhya case: Hindu body opposes land to Muslims, two review pleas in SC
Separately, 40 persons, including rights activists, have jointly moved the top court seeking review of its verdict in the Ayodhya case claiming that the judgement "errs in both fact and law"
UP govt clears plan to induct 700 electric buses in 14 cities across state
Singh said Rs 250 crore will be incurred in the operation of these buses of which Rs 120 crore will be realised through sale of tickets.
Plans to privatise BPCL suicidal for nation, says PSU officers' union
The officers union was not opposed to private competition but they should not be handed on a platter assets set up over years.
How Cambridge Analytica profiled voters and what it means for India
Voter psychological profiles were built to determine political enthusiasm, political orientation, frequency in voting and consistency in voting for the same political party
Edible oil gets costlier due to kharif crop damage, global price rise
Floods in key producing regions resulted in major damage to standing kharif soybean crop
UDAN 4.0: Govt invites bids for airports in Andaman & Nicobar, Lakshadweep
The list of water aerodromes up for bidding in Andaman & Nicobar are Hutbay, Long Island, Neil Island and Havelock, while Minicoy and Kavaratti are in Lakshadweep
Over Rs 10 trn worth of loans disbursed under Mudra Yojana till Nov 1: Govt
The PMMY is a scheme launched by the prime minister on April 8, 2015, for providing loans up to Rs 10 lakh to non-corporate, non-farm small/micro enterprises.
Over 6000 arrests in Hong Kong protests, 16,000 tear gas rounds fired
Police also arrested 12 people on Monday suspected of preparing gasoline bombs
Auto sector is in transition phase, no threat of job losses: Govt in RS
Union Heavy Industries Minister Prakash Javadekar said no closure of any automobile or ancillary manufacturing units has been reported in the past three years
Professor: Why Should the World Bank Take Orders from the United States?
US President Donald Trump criticized the World Bank’s decision to lend more money to China and said it needs to stop giving it loans after the international financial institution approved a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025.
Kochhar challenges RBI decision to terminate her; HC seeks bank's response
Banking Regulation Act says that prior approval of the RBI is required to terminate the contract of a bank's chairman or managing director
Need to mutually solve climate change, strive for holistic growth: Kovind
The President made the remarks at the Lakshmipat Singhania-IIM Lucknow National Leadership Awards ceremony here.
Letter to BS: NEFT system a step closer to achieving financial inclusion
The facility to transfer money through NEFT transaction on a round-the-clock basis will benefit many customers
Yes Bank likely to reject $1.2 bn offer from Canadian tycoon Erwin Braich
At a meeting on Tuesday, the board is expected to reject an offer from Canada's Erwin Singh Braich and Hong Kong-based SPGP Holdings to contribute $1.2 billion toward the fund raising
NSE asks investors to be careful in executing PoA with stock brokers
The latest communication comes against the backdrop of Karvy Stock Broking Ltd unauthorisedly transferring securities worth Rs 2,300 crore of more than 95,000 clients, into its account
WADA’s Decision is Stupid and Incomprehensible - Russian Boxing Federation Secretary-General
Earlier today, the WADA Executive Committee unanimously approved a recommendation by its Compliance Review Committee to ban Russia from hosting and competing in major international sporting events for four years after it allegedly tampered with laboratory data.
Shareholders advised to vote against Richard Baker-led offer for HBC
An influential proxy advisory service is recommending shareholders vote against a takeover offer for Hudson's Bay Co. by a group led by the retailer's executive chairman.
Frames per second: Killing Gandhi, again
Neither the mahatma's murder, nor the Babri demolition was a result of madness. Astute men and women planned both, funded them, and provided logistical and ideological support
Delhi BJP sets up panel to probe Anaj Mandi fire, exchange barbs with AAP
Chief Minister Arvind Kejriwal on Sunday announced Rs 10 lakh for the deceased and Rs 1 lakh for the injured in the incident.
A Reality Check: Blockchain and DLT in International Trade
New study jointly conducted by international trade organizations focuses on possibilities and challenges of blockchain tech implementation to the industry.
How corruption and populist politics weigh down Delhi's infrastructure
The first of a five-part series takes stock of Delhi, the power centre and cultural melting pot of India, to find that it needs an overhaul
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
A limited debut of China’s long-touted central bank digital currency is set to begin in the city of Shenzhen by the end of 2019, according to a media report.
Oil prices stumble on weak China exports hangover
Oil prices fell on Monday after data showing China's overall exports of goods and services shrank for a fourth straight month, sending shivers ...
Paul A. Volcker, Fed Chairman Who Waged War on Inflation, Is Dead at 92
Mr. Volcker helped shape American economic policy for decades, notably by leading the Federal Reserve’s brute-force campaign to subdue inflation in the 1970s and ’80s.
Adityanath govt clears Rs 1,600 cr Ballia Link Expressway project
The four-lane expressway will connect UP-Bihar border district with Purvanchal Expressway; It is expected to be 35-40 km long and is likely to cost Rs 40 crore per km
BoB to sell 10.4 mn shares in proposed UTI AMC initial public offering
Last week, the country's largest lender State Bank of India had approved diluting up to 8.25% stake in UTI AMC
Swedbank cuts management team in revamp after laundering probe
Swedbank said on Monday its chief risk officer was leaving as the Swedish bank revamps its structure to regain customer trust after a money ...
Sonia Gandhi spends quiet 73rd birthday; wishes pour in for Cong president
Gandhi decided not to celebrate her birthday as she was saddened by rape incidents and assaults on women in various parts if the country
Hero MotoCorp bikes set to get costlier by Rs 2,000 from January 1
Auto manufactures have increased prices owing to the transition cost for migrating to the BS-VI platform
No directions to central universities to increase fees: HRD minister
Nishank made the statement in response to a written question in the Lok Sabha
No reason to show that employment has come down: Govt tells Lok Sabha
The Labour and Employment Minister also said the government is implementing various schemes for generating more employment
In a first, Sri Lanka appoints military officer as intelligence chief
It is the first time in Sri Lankan history that a military officer had been appointed as the SIS chief, it added
Paramilitary troops to soon don khadi uniform, Amit Shah issues directions
Samples of cotton and woollen uniforms, blankets and camouflage uniform, among others, for paramilitary forces have been developed by KVIC
Canopy Growth shares get lift after Constellation executive named new CEO
Shares of Canopy Growth Corp. got a lift after the cannabis producer named a veteran Constellation Brands executive as its new chief executive.
Maldives keen to disentangle from China's debt trap: Nasheed to Venkaiah
The former president of Maldives said his country, amidst claims of huge investment by Beijing, is undertaking an assessment of assets created through debt funding from China.
Article 370: 5-judge SC bench to hear pleas against abrogation tomorrow
The bench also asked the parties to prepare a common compilation of all the documents so that hearing of the matter becomes easier.
Yes Bank yet to approve Blackstone's buyout of Coffee Day's tech park
Shares of Coffee Day extended decline to as much as 14.5% in Mumbai, which is the biggest drop since July 31.
House Democrats, USTR nearing deal to pass modified USMCA agreement -WSJ
House Democrats and U.S. Trade Representative Robert Lighthizer are nearing a deal to pass a revised version of the United States-Mexico-Canada ...
Democrats Close to Agreement With White House on New NAFTA
Congressional Democrats and the White House are on the cusp of an agreement on revisions to the United States-Mexico-Canada Agreement.
Vietjet begins direct flights connecting Delhi to Ho Chi Minh City, Hanoi
The Hanoi-headquartered airline had announced these flights in August and had been planning to connect India first in 2017 and then in 2018
SAIL reworks marketing strategy to draw high volume sales in November
Company clocks 36% YoY rise in volume sales to 1.40 million tonnes
Top headlines: SBI's MCLR rate cut, Lodha India's richest realtor and more
This is the eighth cut in MCLR in this financial year and follows a 5 bps reduction last month
Mutual Funds' asset base hits Rs 27 trn, bank, PSU funds top allocation
Mutual fund houses witnessed an overall inflow of Rs 54,419 crore last month as compared to Rs 1.33 lakh crore in October
Vistara signs codeshare agreement with Lufthansa, 6th with overseas airline
As part of the agreement, Lufthansa will add its 'LH' designator code to nearly 18 Vistara-operated flights every day covering ten Indian cities, including Delhi, Mumbai and Chennai
PSBs turn profitable in Apr-Sep FY20, post aggregate profit of Rs 3221 cr
State-run lenders had posted aggregate operating profits during 2017-18 and 2018-19 of Rs 1,55,603 crore and Rs 1,53,871 crore respectively
Tariff hikes likely to double telcos operating profit in FY21: Report
The Supreme Court order on the AGR puts a burden of Rs 1.47 lakh crore on the industry that has been bleeding for years and sitting on a debt pile of close to Rs 4 lakh crore
South Korea jails three Samsung Elec execs over evidence destroyed in probe of alleged fraud
A South Korean court on Monday jailed three executives of Samsung Electronics for their role in a plot that included burying computers under ...
Suraksha Realty confident of acquiring Jaypee Infra, voting from Dec 10
Suraksha Realty is owned by Sudhir Valia, the brother-in-law of Sun Pharma promoter Dilip Shanghvi
59 mn added under PM Jyoti Bima Yojana, 154 mn under Suraksha Yojana: Govt
The PMJJBY offers life insurance cover of Rs 2 lakh in case of death due to any reason to people in the age group of 18-50 years having a bank or post office account
Chairman of Republicans in Israel: Trump Frustrated with Lack of Government in Israel
Only two days are left for Israel's parliament, the Knesset, to put forward a candidate that will be able to form a government. Otherwise, the Knesset will dissolve itself, prompting another general vote, the third in under a year.
Market Wrap, Dec 9: Sensex up 42 pts, Nifty at 11,937; Auto stocks gain
Sectoral indices ended the session mixed on the NSE. At close, Nifty Realty Index closed with a cut of 1.15 per cent, while Nifty Auto index closed 0.73 per cent higher
Bitcoin Price Fills $7.5K Futures ‘Gap’ as Trader Weighs $8K Potential
Mixed performance over the weekend nonetheless failed to inject volatility into Bitcoin markets, with attention now focusing on preserving support at $7,400.
Skechers' 'cool' value gives it room to run like Nike: Barron's
Shoemaker Skechers USA is expected to post earnings growth on pace with Nike over the next three years, giving its relatively low valuation a ...
Five major industrial fire accidents that shook the nation's conscience
Each of these mishaps snuffed out innocent lives, often due to negligence on the part of the authorities
Goyal says tit for tat to countries discriminating with Indian cos
"Free and equal access" is the policy adopted by this government two years ago, he said at an event organised by EXIM Bank here
Organisations demand release of 9 activists in Koregaon Bhima violence case
Noted journalist Nikhil Wagle, who was present at the press conference, said, "These cases were foisted by the previous Devendra Fadnavis government.
US SEC Seeks to Reopen Case Against Bitcoin Fraudster, Seeks Penalties
The U.S. SEC is seeking to reopen a case against Bitcoin fraudster Renwick Haddow, as he has not resolved the regulator’s claims for monetary relief.
Equity flows see sharpest dip in 3.5 years, slip 78% in November
Flows were 78% low compared to Oct; lump sum investments hit
Central GST collection falls short of budget estimate by 40% during Apr-Nov
The minister said that as many as 999 cases were registered till October in the current fiscal for GST evasion and Rs 8,134.39 crore has been recovered.
Cryptocurrency Exchange OKEx to Launch Options Trading This Month
Malta-based cryptocurrency exchange OKEx announced that it will launch crypto options trading on Dec. 27.
Govt limits stock holding for onion retailers to 2 tonnes to curb hoarding
Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.
HC declines to order linking of social media accounts with Aadhaar, PAN
The bench said linking of accounts with social media platforms with Aadhaar, PAN or any other identity document requires framing of policies or amendment in existing laws by the central government
Italy proposes new plan to rescue ArcelorMittal plant; 8,000 jobs at stake
Italy considers the steel mill a strategic industrial site and faces pressure from unions, which are trying to protect the 8,000 jobs at risk
Tea Board considering new export cess to fund promotion and marketing
While the rate of the cess is yet to be finalised, sources say it could be around Rs 2 per kg of export
BJP retains Karnataka, set to win 12 bypoll seats under CM Yeddiyurappa
The BJP's good show in 12 seats comes as a morale booster for the saffron party after it's setback in Maharashtra
Under NDCP, TRAI seeks industry's views on unbundled licensing regime
The move came after the Telecom Department sought the regulator's recommendation on the issue