Telecom Sector Woes Do Not Pose Systemic Threat To Banks, Says Fitch

Mumbai: In the wake of recent liquidity crisis at Reliance Communications, global rating agency Fitch Ratings today said though the country’s banks do not have large exposure to the telecom sector, but defaults could affect lenders with weak financials. “Indian banks’ exposure to troubled telecom companies is not large enough to pose More...

by Loknath Das | Published 7 days ago
By Loknath Das On Tuesday, June 20th, 2017
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General Motors India dealers to meet this week over ‘measly’ compensation issue

Dealers of General Motors in India have decided to meet later this week to decide on the future course of action, including taking the legal route, against the American automaker over measly compensation. A majority More...

By Loknath Das On Saturday, June 17th, 2017
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Reduce GST on yarn from 18 to 12%: Textile industry

The Textile industry in the region today expressed the hope that the June 18 GST council meeting would consider reducing the GST rate on Man Made Fibres, filaments and yarns from 18 per cent to 12 per cent. There More...

By Loknath Das On Saturday, June 17th, 2017
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Employer Confidence In India Dips To Lowest Since 2005: Report

New Delhi: Indian employers expect a steady hiring outlook for next three months, but their confidence has dipped to the least optimistic level since 2005 amid uncertainties in global markets, according to a report. More...

By Loknath Das On Saturday, June 17th, 2017
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Government Working On New Industrial Policy

New Delhi: The government is working on a new industrial policy with a view to promoting and developing frontier technologies, innovation and enhancing competitiveness of domestic products. “With the changing More...

By Loknath Das On Friday, June 16th, 2017
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Industrial production growth slows to 3.1% in April

Industrial production growth slipped to 3.1% in April due to poor show by manufacturing, mining and power sectors coupled with lower offtake of capital goods and consumer durables. The slip is significant compared More...

By Loknath Das On Tuesday, June 13th, 2017
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Heavy industry minister Geete to talk to FM Jaitley on lowering GST on hybrids

Union heavy industries minister Anant Geete on Monday said he will take up the issue of lowering the 43% tax rate on hybrid vehicles under GST with finance minister Arun Jaitley. On Sunday, Jaitley hinted that More...

By Loknath Das On Wednesday, June 7th, 2017
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Infosys’ Pravin Rao: Clients seek 20-30% cost take-out on existing work over 3-5 yrs

India’s USD 150-billion IT industry is in the midst of a pronounced slowdown, as clients are asking IT services companies to carry out the same projects at prices which are 20-30 percent lower than before. More...

By Loknath Das On Wednesday, May 31st, 2017
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The Growing Concerns Of IT Industry And Its Workers

MUMBAI: Experienced techie Raghu Narayanaswamy lost his job recently and fears he may not get another, as analysts warn of massive layoffs across the country’s multi-billion-dollar information technology More...

By Loknath Das On Tuesday, May 30th, 2017
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GST: Amusement park industry urges lowering of tax rate

With the imposition of a mammoth 28 per cent tax rate on amusement-theme parks under the forthcoming Goods and Services Tax (GST) regime, there exists an underlying threat to its survival as it will not only hamper More...