APN News

  • Sunday, January, 2020| Today's Market | Current Time: 12:36:26
  • 50th World Economic Forum in Switzerland begins Tuesday; Union Minister Piyush Goyal to lead Indian delegation

    The four day 50th World Economic Forum at Davos in Switzerland will begin on Tuesday. 53 heads of state or government from 117 countries are participating in the event. The theme of this year’s WEF  is ‘Stakeholders for a Cohesive and Sustainable World’. It emphasizes Forum Founder Klaus Schwab’s idea that managers have a duty […]

    World Bank predicts Sri Lanka’s economic growth at 3.3 pct for 2020

    The World Bank has forecast Sri Lanka’s economic growth at 3.3 per cent for 2020 saying the growth is likely to remain below four per cent in next three years. The bank said, in its latest report of World Bank’s January 2020 Global Economic Prospects, that for 2021 and 2022, it maintains the same forecast […]

    SBI announces ‘residential builder finance with buyer guarantee’ scheme

    Country’s largest public sector bank, State Bank of India has announced a ‘residential builder finance with buyer guarantee’ (RBBG) scheme. It aims at giving a push to residential sales and improve homebuyers’ confidence. Under this scheme announced yesterday, the SBI will issue a guarantee for completion of select residential projects to customers who have availed […]

    RBI buys three long-term securities worth Rs10,000 cr in 3rd special OMO

    In the third special open market operation in many weeks, the Reserve Bank of India (RBI) today bought three long-term securities worth 10,000 crore rupees while selling the same amount of three short-term bonds. The RBI had announced to simultaneous purchase and sale of Government Securities (G-Secs) under Open Market Operations (OMOs) for 10,000 crore […]

    Piyush Goyal inaugurates NSE Knowledge Hub

    Union Minister for Commerce and Industries Piyush Goyal has said that Artificial Intelligence and machine learning will contribute one trillion dollars by the year 2035. He said, artificial intelligence-powered learning ecosystem will assist the banking, financial services and insurance sector. The Minister today inaugurated the National Stock Exchange (NSE) Knowledge Hub in New Delhi. He […]

    CBIC uses data analytics to identify ‘risky’ exporters’

    The Central Board of Indirect Taxes and Customs (CBIC) in its drive to check fraudulent availment of IGST refunds, has extensively used data analytics and matched data with income tax, GST and customs to identify risky exporters. Ongoing investigations have thrown up at least 9-star export houses as ‘non-traceable’ at their premises declared on record. […]

    Oil prices surge after reports of US killing top Iranian General

    Oil prices today soared more than two per cent following news that the US had killed a top Iranian General, fanning fresh fears of a conflict in the crude-rich region. The head of Iran’s Quds Force, Qasem Soleimani, was hit in an attack on Baghdad’s international airport early today, according to Hased, a powerful Iraqi […]

    Bajaj Auto slips after weak December sales

    Bajaj Auto, today, reported a 3 percent, year-on-year, decline in total sales at 3.36 lakh units in December 2019. Total domestic sales slipped 15 percent, at 1.53 lakh units in the same month last year. Domestic Motorcycle sales plummeted 21 percent, to 1.24 lakh units last month. But exports rose 13 percent, to 1.60 lakh […]

    Gold imports dip 7% in April-November to 20.6 billion

    India’s gold imports fell about 7 percent, to 20.6 billion dollars during April to November period of the ongoing financial year, according to the commerce ministry data. Imports of the yellow metal stood at 22.2 billion dollars in the same period of the previous fiscal. The decline in gold imports has helped in narrowing the […]

    GST revenue crosses 1 Lakh crore rupees in December 2019

    The GST revenue collection has crossed one lakh crore rupees in December last year, which is a growth of 16 per cent over the revenue collected in the same month in 2018. The total GST collected during last month was one lakh three thousand and 184 crore rupees. Finance Ministry said, a total of over […]