Business

Talks on Dharwad Plant Fail to Yield Any Meaningful Result: Tata Motors

New Delhi: Tata Motors on Wednesday said talks between one of its subsidiaries – Tata Marcopolo -and the workers of its Dharwad plant failed to yield any meaningful result. Earlier this month, a lockout was declared at the Dharwad plant of Tata Marcopolo Motors following a strike by workmen over wage negotiations. The company in a statement issued on Wednesday said ... Read More »

ECB Says Ready to Ease Policy Further in March

ECB President Mario Draghi dismissed criticism that the central bank was running out of ammunition. Brussels/Frankfurt: The European Central Bank is ready to ease policy further in March, President Mario Draghi said on Monday, highlighting risks from financial market volatility, a global slowdown in growth and low oil prices. The ECB will examine risks emanating from weaker emerging market growth ... Read More »

Disinvestment May Get Boost As Sebi Tweaks OFS Norms

New Delhi: In a move that may give a boost to the government’s disinvestment plan, the Securities and Exchange Board of India (Sebi) on Monday agreed to its suggestion for cutting the advance notice period for OFS (offer for sale) to one day and allowed retail investors to place their bids a day later for such share sales. Currently, listed ... Read More »

Exports Seen Sharply Lower at $260 Billion in FY16: Trade Body

New Delhi: As India’s exports fell for the 14th month in a row, exporters said the country may end up with outbound shipments of $260 billion in 2015-16, sharply lower than the $310.5 billion mark achieved in the previous fiscal year. “We may end up with exports of around $260 Billion in 2015-16,” said S C Ralhan, president of exporters’ ... Read More »

Government Planning Hike in FDI for PSU Banks: Report

New Delhi: The government is planning to increase the foreign investment limit in public sector banks to 49 per cent from 20 per cent with a view to attract overseas inflows. The Finance Ministry is looking into the proposal, sources said adding it may be announced in the forthcoming Budget 2016-17. If the government accepts this proposal, it would lead ... Read More »

Strategic Stake Sale Policy Soon: Secretary

New Delhi: More than a decade after privatisation of PSUs was scrapped, the government will very soon come out with a comprehensive policy for strategic stake sale that will detail the mode as well as valuation methodology for outright sale of even profit making companies. The previous NDA government led by Atal Bihari Vajpayee had between 1999 and 2004 privatised ... Read More »

Negative Rates Would Apply for $201 Billion of Reserves: BoJ

Tokyo: The Bank of Japan (BoJ) on Tuesday said negative interest rates will apply to about 23 trillion yen ($201 billion) of total reserves, based on estimates of current account deposits held with the central bank in January. About 206 trillion yen of the deposits parked in BoJ accounts by financial institutions will be paid a 0.1 per cent interest, ... Read More »

BoJ Launches Negative Rates, Already Dubbed a Failure by Markets

Tokyo: The Bank of Japan’s negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo’s lack of options to spur growth as global markets sputter. The central bank, which announced the shock decision on January 29, will charge banks 0.1 per cent for parking additional reserves with the BoJ ... Read More »

Economy Growing at Over 7% Despite Weak Exports: Commerce Minister

Bengaluru: Indian economy is growing at over 7 per cent despite weakness in the exports sector, Commerce and Industries Minister Nirmala Sitharaman said on Tuesday. “India is the bright spot. Nobody is denying the (fall in) exports. Export is suffering, but the fact remains that the Indian economy is growing at over 7 per cent,” she told reporters after delivering ... Read More »

Economy Growing at Over 7% Despite Weak Exports: Commerce Minister

Commerce Minister Nirmala Sitharaman said that the brighter side of the economy lies in the fact that it continues to attract investments. Bengaluru: Indian economy is growing at over 7 per cent despite weakness in the exports sector, Commerce and Industries Minister Nirmala Sitharaman said on Tuesday. “India is the bright spot. Nobody is denying the (fall in) exports. Export ... Read More »