[ad_1] The government on Tuesday cancelled the bid process for the appointment of an asset valuer for strategic sale-bound IDBI Bank on low bidder interest. A fresh Request For Proposal (RFP) would be invited soon after a review of some of the bid criteria to enable better interest from bidders.
[ad_1] India’s real GDP growth rate is likely to moderate marginally to 6.3 per cent in 2024 from estimated 6.4 per cent growth for 2023, according to a report from Goldman Sachs. However, it is likely to be a tale of two halves, the report said. “Subsidies and transfer payments as we head into the … Read more
[ad_1] Retail inflation for agricultural labourers and rural workers rose marginally to 7.08 per cent and 6.92 per cent in October, respectively, from 6.70 per cent and 6.55 per cent respectively in September 2023 due to higher prices of certain food items. Point to point rate of inflation based on CPI-AL (Consumer Price Index-Agricultural Labourers) … Read more
[ad_1] Equity benchmark indices Sensex and Nifty stayed on the back foot for the second straight session on Monday as investors offloaded auto, utility and commodity stocks amid fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 139.58 points or 0.21 per cent to settle at 65,655.15. During the day, it … Read more
[ad_1] Equity benchmark indices fell in early trade on Monday, extending their previous day’s decline, amid fresh foreign fund outflows. The 30-share BSE Sensex declined 97.18 points to 65,697.55 after a muted beginning. The Nifty slipped 15.3 points to 19,716.50.
[ad_1] Rural agricultural workers in Madhya Pradesh (MP), which had gone for Assembly polls on Friday, get the lowest daily wages in the country, much below the national average. According to data compiled by the Reserve Bank of India (RBI), in MP, male agricultural workers in rural areas got a daily wage of just Rs … Read more
[ad_1] Former Governor of the Reserve Bank of India (RBI), S Venkitaramanan, who managed the affairs at the central bank when the country faced two major crisis – balance of payment crisis that led to the pledging of gold and the securities scam triggered by Harshad Mehta – in the 1990-92 period passed away on … Read more
[ad_1] The 4G subscriber additions for telecom operators — Jio, Airtel and Vodafone Idea — rose to a two-year high at 7.1 million in August, data from the Telecom Regulatory Authority of India (Trai) showed. The increase in the 4G susbcriber base can be attributed to an uptick in migration from 2G to 4G, adoption … Read more
[ad_1] With more and more aircraft with Pratt and Whitney (P&W) engines being grounded by domestic carriers, the aerospace manufacturer is considering setting up a maintenance, repair and overhaul (MRO) facility in India. Sources said the Directorate General of Civil Aviation (DGCA) has asked P&W to set up a local MRO facility in the light … Read more
[ad_1] To maintain transparency and sustainability, the Centre will likely continue to shoulder the massive capital expenditure requirements of the two largest state-run transport infrastructure builders — the National Highways Authority of India (NHAI) and the Indian Railways — fully for the next financial year as well, sources said. That would mean that these two … Read more