October 31, 2020 22:16 (IST)
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France stabbing incident: Third suspect held | James Bond actor Sean Connery dies at 90 | West Bengal govt writes to Railways seeking meeting to run special trains | PM Modi inaugurates development projects in Gujarat's Kevadia | Pakistan: Protesters attempt to storm French Embassy in Islamabad, police fire teargas

Rupee ends by 6 paise rise against USD

Mumbai/UNI:  The Rupee on Wednesday rose marginally by six paise to end positive at 76.15 against the US Dollar on selling it by bankers and exporters, dealers at the Forex Market said.

GST Council meet: No late fee for GST returns filing for entities with nil tax liability

New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Friday chaired the crucial  40th GST Council meeting where it was announced that there will be no late fee for delayed filing of GST returns by registered entities with nil tax liability between July 2017 to January 2020. 

Amazon in talks to buy $ 2 billion stake in Bharti Airtel :Report

Mumbai/IBNS: After Facebook acquired 9.99% in Reliance Jio in a bid to grab a lion's share of India's booming digital economy, Amazon.com is also on its way to purchase approximately 5% stake in Bharti Airtel, for which the talks are still in preliminary phase, reported Reuters.

Moody's downgrades India's rating to Baa3. Check how business community reacted

New Delhi/Mumbai/IBNS: For the first time in more than two decades, Moody's Investors Service, which is the bond credit rating business of Moody's Corporation, has downgraded India's rating from 'Baa2' to 'Baa3' besides estimating the country's Gross Domestic Product (GDP) to shrink by 4 per cent.

Rs 50,000 cr worth 3 schemes launched to make India self-sufficient in electronic products

New Delhi/UNI:  The government on Tuesday announced three new schemes at a cost of about Rs 50 thousand crore with the aim of making the world's top country in mobile phone production, as well as to speed up the production of electronic products.

Panelists discuss the way forward for India's financial sector at a session hosted by the Bengal Chamber

Kolkata/IBNS: Kolkata-based Bengal Chamber recently organized an online panel discussion on "COVID-19 - The Changing Landscape of India's Financial Sector - What Lies Ahead" to focus on the new era banking role, strategies for empowering small players, mutual funds and understanding market, health insurance, general insurance and life insurance strategies in the pandemic affected world.

Lockdown: India’s Core sector output contracts by 38.1 pct in April

New Delhi/IBNS: Reflecting the impact of the nationwide lockdown to fight against COVID-19, production output of  eight core industries shrunk by -38.12 in April 2020%, as per data released by the Indian government on Friday.

Nirmala Sitharaman starts her third press briefing 

New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman on Friday is addressing her third press conference on providing details about the economic package announced by PM Narendra Modi this week during his national address.

Nirmala Sitharaman to address her third press conference today

New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman will address a press conference for the third time on Friday.

FM Nirmala Sitharaman begins her briefing 

New Delhi/IBNS: Indian Finance Minister Nirmala Sitharaman has started briefing the nation about the details of the Rs.  20 lakh crore economic stimulus package announced by Prime Minister Narendra Modi during his 33-minute address to the nation last night.

India enjoys an encouraging share in Tanzanian exports and imports, says Indian High Commissioner to Tanzania at a recent webinar

New Delhi/IBNS: India enjoys 18 per cent share in Tanzanian imports and 14 per cent share in Tanzanian exports, said Sanjiv Kohli, High Commissioner to Tanzania, in an interactive webinar on 'India-Tanzania Business Promotion, Challenges and Opportunities – Post COVID19'.

India signs $1.5 billion loan with ADB to support India’s COVID-19 immediate response

New Delhi/IBNS: The Government of India and the Asian Development Bank (ADB) today signed a $1.5 billion loan that will support the government’s response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.

MSME Minister Nitin Gadkari asks entrepreneurs to take advantage of anti-Chinese sentiments to attract business

New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.

COVID-19: Government amends extant FDI policy for curbing opportunistic takeovers or acquisitions of Indian companies

New Delhi/IBNS: The Government of India has reviewed the extant Foreign Direct Investment(FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to the current COVID-19 pandemic and amended para 3.1.1 of extant FDI policy as contained in Consolidated FDI Policy, 2017.

Sugar prodcution in India drops as of April this year compared to same period last year

New Delhi/IBNS: Sugar mills across India have produced 247.80 lakh tonnes of sugar as of April 15, 2020, which is nearly  64 lakh tonne less compared to 311.75 lakh tonnes produced at the same time last year, according to a press release by Indian Sugar Mills Association (ISMA), a group consisting of stakeholders of the country's sugar industry.