Interest rates unchanged in Rajan's last monetary policy update (Roundup)

Tue, 08/09/2016 - 20:44

Mumbai, Aug 9 (IANS) Reserve Bank of India (RBI) Governor Raghuram Rajan kept key policy rates unchanged in his last monetary policy review on Tuesday with little elbow room for easing due to the country's retail inflation inching closer to the upper tolerance level of 6 per cent.


DST, Intel and IIT Bombay to support hardware-based start-ups

Tue, 08/09/2016 - 20:06

New Delhi, Aug 9 (IANS) In order to make the Digital India initiative more successful, Department of Science & Technology (DST), Intel India and the Society for Innovation & Entrepreneurship (SINE) at IIT-Bombay have joined hands to launch the Collaborative Incubation Programme for hardware and systems startups.


Government launches e-marketplace to ensure transparency

Tue, 08/09/2016 - 19:54

New Delhi, Aug 9 (IANS) Aiming to ensure greater transparency and revolutionise government procurement, Commerce and Industry Minister Nirmala Sitharaman on Tuesday launched the Government e-Marketplace (GeM), an official statement said here.


Will try to meet GST target of April 1, 2017: Meghwal

Tue, 08/09/2016 - 19:52

New Delhi, Aug 9 (IANS) Union Minister of State for Finance Arjun Ram Meghwal on Tuesday said the government has fixed April 1, 2017, for the implementation of the Goods and Services Tax (GST) regime and was hopeful of meeting the target.


RBI cautions public against email frauds

Tue, 08/09/2016 - 19:04

Mumbai, Aug 9 (IANS) Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday cautioned the general public against emails that claim to provide monetary rewards from the central bank on the pretext of phony schemes.


Tata Global Beverages Q1 net up by 52 per cent

Tue, 08/09/2016 - 18:14

Mumbai, Aug 9 (IANS) Tata Global Beverages posted a consolidated net profit of Rs 119.52 crore for the April-June quarter 2016-17 compared to Rs 78.66 crore during the corresponding quarter in 2015-16, a regulatory filing by the company said here on Tuesday.


UAE non-oil private economy rebounds with better deeds

Tue, 08/09/2016 - 17:40

Dubai, Aug 9 (IANS) Dubai's biggest bank, Emirates NBD, said on Tuesday that Dubai's private sector companies signalled a positive start for the third quarter of 2016, with overall business conditions improving at the fastest pace since March 2015.


India Inc appreciates Rajan's last monetary policy review

Tue, 08/09/2016 - 17:38

New Delhi, Aug 9 (IANS) India Inc on Tuesday appreciated Reserve Bank of India's (RBI) decision to keep key policy rates unchanged and stick to the inflation target of four per cent, as Governor Raghuram Rajan tabled his last monetary policy review.