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Manufacturing falls to historic low in China

Feb 29, 2020 Beijing: China’s manufacturing industry registered its worst data in February since official record keeping began in 2005, with the benchmark indicator Purchasing Managers Index (PMI) plummeting 14.3 points, the National Bureau of…

People need not worry about ATM re-calibration: FIS

Feb 27, 2020 New Delhi: Amid reports that around 2.4 lakh automated teller machines (ATMs) across the country are likely to be recalibrated in the coming months, Mahesh Ramamoorthy, Managing Director (Banking Solutions — APMEA)…

Business & Economy

No instruction to banks on withdrawing Rs 2000 notes: FM

Feb 26, 2020 New Delhi Finance Minister Nirmala Sitharaman on Wednesday said that no instructions have been given to banks on stopping issuing notes of Rs 2000 denomination. “As far as I know, no such…

Crime/Economic

CBDT sets March 31 for Panama Paper probe completion

Feb 24, 2020 New Delhi: The Central Board of Direct Taxes (CBDT) has set the March 31 deadline for completion of the Panama and Paradise Papers’ probes and filing of the report for initiation of…

Business & Economy

Adani gets Mandi House prime property in Delhi for Rs 400 cr

Feb 24, 2020 New Delhi: The Adani Group will acquire a prime residential property near Mandi House in New Delhi after winning a bid to acquire Aditya Estates. Adani won the bid through an insolvency…

Business & Economy

FinMin nod for relief to telcos unlikely

Feb 23, 2020 New Delhi: The Finance Ministry is unlikely to give consent to any cut in the licence fee and the spectrum usage charges (SUC) for relief to telcos to meet adjusted gross revenue…

Wipro Digital buys US firm Rational Interaction

Feb 22, 2020 Bengaluru: Global software major Wipro’s digital arm on Friday said it acquired US-based Rational Interaction to enhance its customer experience offerings. “The acquisition will scale our digital offerings to chief marketing officers,…

Business & Economy

DoT clears Bharti Infratel-Indus Tower merger deal: Sources

Feb 21, 2020 New Delhi: The Department of Telecommunications on Friday approved the long-pending merger of Bharti Infratel with Indus Towers to help both telcos, particularly Vodafone Idea, to sell their stakes in the entity…

China unveils new lists of US items excluded from additional tariffs

Feb 21, 2020 Beijing: China on Friday unveiled the first set of lists of US goods to be excluded from the second round of tariff counter-measures against Washington. The exemption, which covers two lists of goods,…

India faces low downside risk, global coronavirus impact is buying opportunity: JP Morgan currency chief

By Nikhila Natarajan Feb 21, 2020 New York: India’s financial market faces low downside risk from coronavirus’ impact on supply chains, will instead continue trading on domestic triggers and the current global health scare represents…

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