Iran tension may push up fuel prices, spook bid to boost economy

Global oil prices spiked 4% on Friday as tensions flared up in the Middle East, setting off worries over an extended spell of market volatility hitting consumer sentiment by pushing up fuel prices and blunting the government’s efforts to revive the pace of economic growth. As the world’s third-largest buyer of oil, India is vulnerable to tensions in the Middle East on two counts.

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Govt eyes Rs 30,000 crore via cash management bill

Faced with redemptions of government securities aggregating Rs 1.35 lakh crore till January 16, the government said it will auction cash management bills on Monday to mop up Rs 30,000 crore. This is the second CMB in the last two weeks. The government usually issues CMBs to tide over situations of temporary liquidity mismatch.

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Car sales dip most in 2 decades in 2019

Indian auto industry wrapped up one of its most difficult periods in the year 2019 as sales of cars and SUVs went into a free fall, witnessing the biggest decline in over two decades as rising uncertainties, difficult financing, and the economic slump kept buyers away despite heavy discounts.

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Economy hit by lack of political consensus: RC Bhargava

Maruti chairman R C Bhargava has said that lack of political consensus is slowing down the Indian economy which, in turn, is limiting the ability of India Inc to make new investments and create fresh jobs. The need of the hour is to draw up long-term industry-focused growth strategies, “rather than be short-term in our thinking”.

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Core sector output falls for 4th month, dips 1.5% in November

For the first time in eight years, core sector output fell for the fourth straight month. As many as five out of the eight sectors covered by the index saw a contraction. The only silver lining was that the pace of decline had slowed down, suggesting that the worst may be over.

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Ex-Nissan boss Carlos Ghosn, facing Japan trial, arrives in Beirut

Former Nissan chairman Carlos Ghosn, who is awaiting trial in Japan on charges of financial misconduct, has arrived in Beirut, a close friend said Monday. He apparently jumped bail. It was not clear how Ghosn left Japan where he was under surveillance and is expected to face trial in April 2020.

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ADWISE workplace counselling: ‘I was asked to quit when I revealed my pregnancy’

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Budget may see spending stimulus

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BS4 and BS6 price gap to boost used car market

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Indian apps witnessed more downloads than Chinese ones

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Government's tax task force seeks modified penalty structure

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Sebi looks to bar pool a/cs for MF transactions

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PMC Bank fraud hits co-op bank sector hard

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Put 2 slabs of 10% & 20%, GST revamp panel told

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Payments banks’ FY19 losses swell to Rs 626 crore

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Government to bring ordinance to amend insolvency law

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Government petition is an abuse of process, no final award due: RIL

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Bharti Airtel board gives nod to raise $3billion

The company, which has been asked to submit Rs 35,586 crore by the SC in three months in its October 24 verdict, said it will raise $2 billion (little over Rs 14,000 crore) through a mix of financial instruments that may include “one or more qualified institutions placement, public and/ or private offerings of equity shares, compulsory convertible debentures/other convertible securities/warrants/ ADR/GDR or a combination”.

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Online drug sales may come to halt as licence made must

In an order to states and Union Territories, the Drug Controller General of India has asked authorities to be vigilant of online sales and take immediate action in case of violations. TOI has reviewed the order and the letter sent to state drug controllers. The proposed regulation for online sale of medicines is still under consideration of a group of ministers (GoM) headed by defence minister.

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Karvy Broking suspended for flouting regulatory rules

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