An Indian woman has won a jackpot of 12 million dirhams ($3.2 million) at the Big Ticket raffle in the United Arab Emirates (UAE) capital and said she wants to use a part of the money to support underprivileged people, especially women. Sopna Nair, who hails from Kollam in Kerala, won the money in the Wednesday ...
In a move to attract more foreign funds into the Indian market, Finance Minister Nirmala Sitharaman on Friday proposed to allow foreign institutional investors (FIIs) and foreign portfolio investors (FPIs) to invest in debt securities issued by non-banking finance companies (NBFCs)....
South Korean tech giant Samsung is staring at a big slump in its profits in the second quarter (Q2) of 2019. The handset maker has warned that its profits were likely to drop about 56 per cent year-over-year to 6.5 trillion Won ($5.6 billion) in the wake of falling chip market and global industry downturn....
The Supreme Court on Friday issued notice to the Centre and Unique Identification Authority of India (UIDAI) on a PIL challenging the validity of the Aadhaar Ordinance 2019. Interestingly, the hearing on the matter ended in half-a-minute, and the bench ...
The government has asked market regulator Sebi to look at raising the minimum public shareholding level in listed companies to 35 per cent from the current 25 per cent, Finance Minister Nirmala Sitharaman said on Friday. Presenting the Union Budget 2019-20 in Parliament, Sitharaman said: "We have ...
Finance Minister Nirmala Sitharaman on Friday announced a 'Pradhan Mantri Matsya Sampada Yojana to modernize the fishery sector. Presenting the Budget for 2019-20 in the Lok Sabha, Sitharaman said fishing and fishermen were closely aligned with farming and were crucial to rural India. ...
In yet another fall-out of the ongoing US-China trade war, tech giants like HP Inc, Dell, Microsoft and Amazon are considering to move "substantial production capacity out of China", threatening the country's position as the world's technology powerhouse....
Even as headwinds continue to hurt various sectors especially manufacturing, the Economic Survey has projected India would grow at 7 per cent in 2019-20 and maintain its fastest growing large economy tag in the world. The forecast has come close on the heels of India registering slowdown in the...
As allegations and concerns have cropped up over the safety of major Indian salt brands, the Food Safety and Standards Authority of India (FSSAI) and the Indian Medical Association (IMA) have refuted the concerns that the major salt brands contain alarming level of potassium ferrocyanide....
In the context of the Union Budget, we need to analyse what big-ticket items have been missed since the introduction of GST. Potential micro-level changes needed to improve the efficacies of the historic tax initiative also need to be examined. The objective is to ponder over possible improvement areas in the tax...
