RBI in a Tight Spot, Expected to Raise Interest Rates Again
If the RBI increases the rates by 25 basis points, it would be the first time since October 2013 that the central bank has hiked borrowing costs at two consecutive policy meetings.from Top Business News- News18.com https://ift.tt/2Owf2Ml
Although modest, the latest improvement in the health of the manufacturing sector was the second-strongest after June.
Brokers said investors were seen raising bets ahead of the monetary policy announcement, and foreign institutional investors too showed buying interest.
Australia exported A$1.3 billion ($964 million) of agricultural goods to China in 2015/16, according to the latest figures from the Department of Foreign Affairs and Trade.
Apple's revenue in the fiscal third quarter soared 17 per cent to $53.3 billion from the same period a year earlier on the back of sales of pricier iPhones, online services and wearable devices.
In a written reply, Minister of State for Finance Shiv Pratap Shukla said between July 2017 and June 2018, a total of 1,205 cases of tax evasion were detected involving Rs 3,026.55 crore.
Replying to a debate on the Insolvency and Bankruptcy Code (Second Amendment) Bill 2018, Finance Minister Piyush Goyal said the government brought the ordinance to ensure speedy resolution of stressed assets and for the benefit of home buyers and the MSME sector.
At close on BSE on Tuesday, RIL's market valuation stood at Rs 7,51,414.89 crore, which is Rs 8,192.73 crore more than that of TCS' Rs 7,43,222.16 crore m-cap.
The grant has been sought as part of equity infusion into Air India under the Turnaround Plan (TAP), as per the document tabled in the Lok Sabha for supplementary demand for grants for 2018-19.
J J Irani and Keki Mistry too got re-appointment as directors to HDFC's board with more favourable votes.
While the Secretary-designate did not specify a time-frame in which the e-commerce policy will be finalised and made public, he did say that it would be in the “earlier possible time-frame, since we can’t afford to have a vacuum in e-commerce regulation”.
The increase in interest rate is effective July 30, according to notification on the bank's website. Fixed deposit of maturity one year to less than two years would earn 6.40 per cent, 5 basis points higher than previous rate.