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GST effect: IIP contracts to four-year low in June

NEW DELHI: Industrial production contracted to a four-year low in June, dragged down by the manufacturing sector as companies slowed output in the run up to the implementation of the Goods & Services Tax (GST). Data released by the Central Statistics Office (CSO) on Friday showed the index of industrial production (IIP) fell 0.1% in […]

Petrol price hiked by 1 paisa, diesel by 44 paisa a litre

Petrol price was today hiked by a marginal 1 paisa per litre and diesel by 44 paisa a litre, the second increase in rates this month. The hike, which will be effective from midnight today, comes on the back of Rs 1.39 per litre increase in petrol and Rs 1.04 a litre raise in diesel […]

Our economic reforms are getting a lot of popular support: FM Arun Jaitley

Finance Minister Arun Jaitley on Saturday said that for the first time there is popular support for economic reforms in India and the recent election outcomes are indicative of it. “The significant part of our economy today is, that there is perhaps for the first time, a huge amount of popular support as far as […]

Petrol price goes up by Rs 1.39 per litre, diesel by Rs 1.04 per litre

Petrol prices have been hiked by Rs 1.39 per litre and cost of diesel has gone up by Rs 1.04 per litre, excluding state levies, from Sunday. The Indian Oil Corporation Limited released a statement Saturday night announcing the price revision. “The current level of international product prices of Petrol & Diesel and INR-USD exchange […]

No negative reaction expected in Reliance Industries’ shares on Monday

Reliance Industries’ shares are unlikely to take a big blow on Monday despite Securities Exchange Board of India banning Reliance Industries from accessing equities derivatives market for a year and demanding over Rs 1, 000 crore penalty including interest within 45 days with trades related to erstwhile unit Reliance Petroleum on Friday according to market […]

Vodafone goes defensive with its India play

British telecom giant Vodafone plc would be hoping to bring an end to the problems it has faced since it bought Hutchison’s stake in the company a decade ago. Since Vodafone made its $11.1 billion acquisition of Hutchison’s operations in 2007 and paid another $5.5 billion to buy out Ruia’s stake later, the British company […]

Election Commission should probe into EVM tampering charges: Congress

NEW DELHI: The Congress today said the Election Commission should probe into the EVM tampering charges made by some parties to ensure that voters’ confidence is not shattered and there is no blot on India’s democracy. “If any party has doubts over efficacy of EVMs, it is the Election Commission’s duty to hold a probe. […]

‘Narendra Modi, the love of the poor for him, are reasons for our huge victories’ says BJP’s Amit Shah

NEW DELHI: A beaming Amit Shah called the BJP’s big victories in Uttar Pradesh and Uttarakhand “the victories of Narendra Modi’s leadership.” “It is now proven that since Independence, Modiji is the most popular Prime Minister of this country…the poor of the country love him,” Shah said, unequivocally. Shah also said victories in these states […]

Uttar Pradesh Exit Poll Results 2017: Modi’s three-day Varanasi visit may have propelled BJP

Over a month ago when the poll process began or months before the polls when the heat and dust of electioneering had begun to be felt, non-projection of a chief ministerial candidate by the BJP in the politically critical state of Uttar Pradesh was considered to be an obvious disadvantage. But by the time seven-phase […]

At $4 bn, Paytm close to Flipkart in value

Reinforcing its faith in online wallet major Paytm, its lead investor Alibaba has bought the stake held by Reliance Capital making the latter 27 times richer. Beating the pall of doom and gloom in the e-commerce sector in India, Alibaba Group bought from Reliance Capital less than one per cent of stake it had in […]