Mumbai: Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets. Buying in index majors Reliance Industries and ITC also helped the markets maintain their winning momentum. Rallying for the fifth day running, the 30-share BSE Sensex…
Bengaluru: Five people who were radicalised to carry out terror attacks have been arrested by the Central Crime Branch with firearms and ammunition along with 12 mobile phones confiscated from them, Bengaluru Police Commissioner B Dayananda said on Wednesday. Seven pistols, 45 live cartridges, a bunch of walkie-talkies, and some daggers were seized from the terror…
New Delhi: The Asian Development Bank (ADB) on Wednesday retained India’s economic growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next, saying robust domestic demand will continue to support the region’s recovery. In an update to its Asian Development Outlook, the ADB said inflation is expected to…
Gandhinagar: G20 finance ministers on Tuesday discussed strategies to implement strategies for overhauling the global tax norms to ensure that multinational companies pay taxes wherever they operate. The two-day G20 finance ministers and central bank governors meeting being held under India’s Presidency also discussed ways to help low and middle income countries reeling under huge debt…
Islamabad: Cash-strapped Pakistan has received a rollover of an additional USD 600 million loan from its all-weather ally China to help shore up the country’s foreign exchange reserves on the back of an IMF deal, Prime Minister Shehbaz Sharif said on Tuesday. It is in addition to the over USD 5 billion in loans that…
Mumbai, Jul 18 (PTI) Equity benchmark indices Sensex and Nifty continued their record-breaking rally on Tuesday, reaching new all-time high closing levels, amid fresh foreign fund inflows and a positive trend in the US and European markets. Robust buying in IT major Infosys also contributed to the domestic benchmark indices optimism. The 30-share BSE Sensex…
Mumbai: India could become a developed country by 2047 with an average annual real GDP growth of 7.6 per cent over the next 25 years, said an article published by the Reserve Bank in its July bulletin. The task, however, may not be easy, given the current level of capital stocks, infrastructure and skill sets of…
New Delhi: Finance Minister Nirmala Sitharaman and Canadian Deputy Prime Minister Chrystia Freeland on Sunday discussed the progress being made on ongoing bilateral trade negotiations. The two ministers met on the sidelines of the 3rd Finance Ministers and central bank governors meeting in Gandhinagar, Gujarat. Freeland, who is also the finance minister of Canada, said Canadian…
Hampi: Top negotiators of G20 nations complimented New Delhi’s efforts to deliver “strong outcomes” at the grouping’s upcoming summit to deal with key global challenges such as addressing financing gaps, pushing economic growth and ensuring sustainable development, India’s G20 Sherpa Amitabh Kant said on Saturday. He also described the ongoing discussions at the third Sherpas’ meeting…
London: The President of the European Bank for Reconstruction and Development (EBRD), of which India is a shareholder, will arrive in India on Sunday for a G20 finance summit with the reform agenda for multilateral development banks (MDBs) high on the list of priorities. Odile Renaud-Basso, the first woman head of an MDB as EBRD…
