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The main problem is banks don’t want to lend.There is a severe credit squeeze in the economy: Credit growth at 7% is at multi-year low levels (excluding the one-off demonetisation phase). The main problem is banks don’t want to lend. We…

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Boeing said in November Muilenburg had volunteered to give up his 2019 bonus and stock awards. (Reuters photo)Boeing Co’s ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and…

Tax rate for body corporate with annual revenue of less than Rs 250 crore a year was reduced to 25% from 30% in the last budget.The All India Gem and Jewellery Domestic Council (GJC) has sought immediate reduction in import duty on gold,…

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Some people for their vested interest are spreading rumours on social media and in general public that NMDC is being disinvested which has created an atmosphere of confusion.NMDCChairman and Managing Director N Brijendra Kumar on Friday…

According to market sources, prices of groundnut oil has crossed Rs 2,000 per tin on Friday following hike of over Rs 50 after the curbs on import of refined palm oil.The central government’s decision to put curbs on the import of…

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All the three accused are currently in judicial custody.The Enforcement Directorate Friday filed a charge sheet against former Fortis Healthcarepromoters Shivinder Singh and his brother Malvinder before a Delhi court in a case related…

The rupee was Asia’s second-worst performer in 2019.India’s rupee will likely beat most Asian peers this year, according to Rabobank, in contrast with other top forecasters who expect the currency to continue trailing. The worst of the…