APN News

  • Monday, August, 2019| Today's Market | Current Time: 10:12:03
  • Piyush Goyal leading Indian delegation for G-20 ministerial meeting in Japan

    Commerce and Industry Minister Piyush Goyal is leading the Indian delegation for the two-day G20 Ministerial meeting on Trade and Digital Economy beginning tomorrow in Tsukuba city, Japan. He is leaving for Japan tonight. Mr Goyal will discuss developments in the global trade situation, WTO matters and digital trade. He will also hold dialogue with […]

    RBI reduces repo rate by 25 basis points; Industry bodies welcome the decision

    The Reserve bank of India in its bi-monthly monetary policy review today reduced the repo rate by 25 basis points to 5.75 per cent from 6.0 per cent with immediate effect. Consequently, the reverse repo rate stands adjusted to 5.50 per cent, and the marginal standing facility rate and the Bank Rate to 6.0 per […]

    Industry body welcomes RBI decision of reducing the repo rate

    The industry body has welcomed the RBI decision of reducing the repo rate by 25 basis points to 5.75 per cent from six per cent. President of FICCI Sandip Somany said this rate cut will encourage banks to lower their lending rates for both retail and corporate credits. He said, reviving business confidence and consumer […]

    Azim Premji to retire as Executive Chairman of Wipro in July

    IT Industry icon Azim Premji will retire as Executive Chairman of Wipro with effect from 30th July this year. He led the company for 53 years. The company said in a statement that he will continue to serve on the board as Non-Executive Director and founder Chairman. His son Rishad Premji, Chief Strategy Officer and […]

    First time credit card borrower? Must remember this point before you apply

    Are you applying for your first credit card? You might have so many questions regarding your first credit card application, their use, and how to choose the credit card which best suits you. Credit cards nowadays have become most sought after financial products in countries like India because of the convenience they offer while buying […]

    RBI to announce second bi-monthly monetary policy tomorrow

    The six-member Monetary Policy Committee of the Reserve Bank of India will announce the second bi-monthly monetary policy statement for 2019-20 tomorrow. The three-day meeting of the committee began in Mumbai on Tuesday amid expectations of a third straight rate cut of 25 basis points. The key lending rate or the repo rate currently stands […]

    India to grow at 7.5 per cent during next three years: World Bank

    The World Bank has forecast that India’s economy is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption. The bank in its Global Economic Prospects released yesterday said that India is estimated to have grown 7.2 per cent in fiscal year 2018-19, which ended March […]

    FDI in services sector grows 37 pc to 9.15 bn in 2018-19

    Foreign direct investment in services sector grew 36.5 per cent to 9.15 billion US dollars in 2018-19 fiscal. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the sector attracted FDI worth 6.7 billion dollars in 2017-18 fiscal. Services sector includes finance, banking, insurance, outsourcing, R&D, courier, tech testing and analysis. The […]

    RBI releases report on Benchmarking India’s Payment Systems

    The report on ‘Benchmarking India’s Payment Systems’ which was released on Tuesday mentions that the country is “strong” in areas like having necessary laws and cash in circulation per capita. The report provides a comparative position of the payment system ecosystem in India relative to comparable payment systems and usage trends in other major countries. […]

    Preparations for seventh Economic Census underway

    Preparations are underway for the seventh Economic Census, (7th EC) likely to commence by the end of June or the early next month. In the run-up to the field work to be undertaken by the enumerators across the country, several activities have been planned by the Union Ministry of Statistics and Programme Implementation, (MoSPI). Training […]