Fitch cuts India’s GDP growth forecast for FY20 to 6.8%

Global rating agency Fitch has cut its India’s economic growth forecast to 6.8 per cent for 2019-20 from the earlier estimate of 7 per cent due to weak momentum in manufacturing and agriculture.... Read more »

Bajaj Auto in talks to offload KTM AG’s 48 pc stake to its parent company

Bajaj Auto International Holdings BV is in talks to offload its 48 per cent stake in Austria-based KTM AG to its parent company KTM Industries AG, which is Europe’s biggest sport motorcycles producer.  Bajaj Auto informed... Read more »

Telecom subscriber base crosses 120 cr mark, Jio, BSNL, Airtel add customers

The country’s telecom subscriber base for the third time has crossed the 120-crore mark with Reliance Jio, BSNL and Airtel adding new customers in January, according to a report released by... Read more »

India is one of the fastest growing economies in the world according to IMF.

India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has asserting after that the country has carried out several key... Read more »

SEBI orders agri-commodity derivative exchanges to create fund for farmers

Sebi on Wednesday asked the exchanges handling the agri-commodity derivatives to create a fund for farmers and FPOs in which the regulatory fee forgone by the regulator would be... Read more »

Scamster Billionaire Nirav Modi arrested in London

Nirav Modi, the fugitive jeweller wanted in the 13,000-crore Punjab National Bank scam, has been arrested in London and is being  produced in the Westminster Magistrate’s Court, the UK... Read more »

Airbnb in talks to invest $100-200 million in OYO: Report

It has been speculated that hospitality company OYO is readying to welcome yet another marquee investor on board – Airbnb – less than six months after it raised USD... Read more »

Nomura Financial says cyclical economy downsides because of domestic & global factors

Nomura Financial Advisory & Securities on Friday said cyclically the economy is clearly slowing down due to domestic and global factors and this slowdown will be seen for at... Read more »

Fortis Healthcare appoints Dr Ashutosh Raghuvanshi as its CEO

Fortis Healthcare on Tuesday announced that its board has appointed Ashutosh Raghuvanshi as MD and CEO of the company with immediate effect for a period of 3 years, subject... Read more »

Economists discuss India’s slowdown with RBI governor

Economists expressed concerns over a sharp slowdown in the Indian economy and pitched for a monetary policy boost to support growth at a meeting with the Reserve Bank of... Read more »