5G arrives, but no fibre optics present

If switching to 4G from 3G was all about rationalising capacity by Indian telecom operators, 5G’s clarion call is fiberisation — and more fiberisation. Investment in fiberised backhaul infra, which provides unlimited... Read more »

Income Tax department issues Rs 64,700 crore worth refunds between April 1 to June 18

The Income Tax department has issued Rs 64,700 crore worth refunds in the current fiscal, and for full 2018-19 fiscal the amount released was over Rs 1.61 lakh crore, Finance Minister Nirmala... Read more »

Anil Agarwal feels privatizing mining firms could help save imports by $400 billion

Anil Agarwal, the founder and chairman of Vedanta Resources, has reportedly requested the government to privatise five mining companies, including Hindustan Zinc, which will help India cut USD 400 billion of its... Read more »

Viral Acharya resigns as RBI deputy governor six months before his term ends

RBI Deputy Governor Viral Acharya, who was the face of central bank’s Independence, has reportedly resigned six months before the scheduled end of his term. Acharya, who joined the RBI on January... Read more »

Diamond Futures marginally higher after US Fed keeps rates unchanged: Kedia Advisory

On Friday, Diamond prices remained steady at Rs. 3,478.7 cent after the US Federal Reserve hinted at cutting interest rate next month.   On the ICEX, prices of Diamond futures 1 Carat for July... Read more »

Diamond Futures marginally higher after US Fed keeps rates unchanged says Kedia Advisory: 5pm report

On Thursday, Diamond prices closed flat at Rs. 3,488.35 cent from the previous close after the US Federal Reserve decided to keep policy rates unchanged. On the ICEX, prices of Diamond futures 1... Read more »

DBS Bank revisits India’s GDP forecast for FY20 down to 6.8%

DBS Bank has revised India’s GDP growth for fiscal year 2020 down to 6.8 percent year-on-year (YoY) from 7 percent projected earlier, creating an obstacle for exports amidst challenging trade outlook. Growth... Read more »

Fed holds interest rates steady, speaks of a dovish stance in future

The Fed on Wednesday has said it has kept rate cuts steady and indicated no such cut for 2019. Many say that slashing rate may not be the answer to the accommodative stance... Read more »

MCA to amend LLP Act to keep a tab on shell companies

In an effort to keep a tab on shell companies, the Ministry of Corporate Affairs may amend the LLP Act to tighten regulation for companies which seek to change their status to... Read more »

Diamond Futures steady amid weak global cues, US Fed meeting: Kedia Advisory

On Wednesday, Diamond prices remained flat at Rs. 3,479.4 cent. Traders continued to be cautious with US Federal Reserve monetary policy meeting results expected later today. On the ICEX, prices of Diamond futures... Read more »