Observing that India is a relatively closed economy, Rice said the contribution of the net exports to growth in the April to June quarter was again stronger than expected and the real depreciation of the rupee can be expected to reinforce this trend.
Coca-Cola announced its interest in a statement on Monday, responding to a report from BNN Bloomberg that said it was in talks with Canada's Aurora Cannabis Inc to develop drinks infused with cannabidiol (CBD), the non-psychoactive chemical found in marijuana.
The iPhone was not among the 'wide range' of products that Apple told regulators would be hit by the $200 billion round of tariffs in a September 5 comment letter to trade officials.
The JV is with NYK Auto Logistics with authorised capital of Rs 10 crore and Rs 1 lakh paid-up capital.
The government said the three lenders will be merged to create the country's third largest bank after SBI and ICICI Bank as part of efforts to revive credit and economic growth.
As per I-T law, interest payable by an Indian company or a business trust to a non-resident, including a foreign company, on rupee denominated bond issued outside India before the July 1, 2020, was liable for concessional rate of tax of 5 per cent.
In a letter to the RP and SBI, Numetal alleges default by firms owned by Vinod Mittal and Pramod Mittal
While the company did not confirm the exact numbers to be affected by the change in production schedule, an estimated 1,000 of the 2,000 workers at the Castle Bromwich plant are expected to be moved to a three-day week.
The addition of OnePlus TV to its product portfolio will enable the company to tap on the growing television market in India.
This $50 million to be raised by Ola is expected to be a part of the $1 billion, the company has been trying to raise.
Global trade war concerns, crisis in emerging markets, rise in crude oil prices, the sudden attractiveness of the US economy with corporate tax cuts and increase in interest rate by the Federal Reserve have been cited as reasons for the freefall in the rupee.
MSEGCL chairman and managing director Bipin Shrimali while talking to reporters Monday alleged that while MSEDCL makes prompt payments to other private players as well as the NTPC, it has delayed the payments over so many years.
"At present, our revenue from laminates is Rs 400 crore but with the recent expansion, the capacity will be raised to 6.8 million sheets a year by January 2019 and revenue will jump to about Rs 600 crore," Bhajanka said.
The case, which was being probed by the Mumbai Police, pertains to transfer of about Rs 1,200 crore from the Nostro account of the bank to various countries on July 20, 2016, they said.
The money mobilised by PACL from investors was utilised for acquiring certain assets in Australia, SEBI said in a statement.
It has downgraded the long-term rating for the bank's Rs 3,000-crore Basel III compliant tier II bonds to A+ from AA- and Rs 1,200-crore Basel II compliant lower tier II bonds to A+ from AA-.
Sony will continue to enhance its premium line-up in its Bravia TV range, which are 55-inch and above screen sizes, to cater the niche customers and chase more value and strong foothold, Sony India Managing Director Sunil Nayyar said.
Udayan said the big worry among investors now is rising interest rates, as bond yields have hardened.
In December 2015, the VW group had announced recall of 3.4 lakh vehicles in India across its different brands, including Audi, Volkswagen and Skoda, sold from 2008 till end of November 2015.
Association of Power Producers director general Ashok Khurana said that the upcoming assembly polls and agricultural demand may further affect prices in October.
ArcelorMittal said it had mailed the September 15 letter "inadvertently" to Essar Steel's resolution professional.
Financial institutions today are able to gauge how risk-heavy a particular loan applicant could be, using vast data reams and financial records. Ever-increasing analytic capabilities are crunching on this data to streamline specific processes.
The proposed long-term bank facilities have been assigned AA- rating from Crisil, he said, adding the latest Crisil rating adds to the existing A1+ rating for Adani Capital's short-term bank facilities and debt instruments worth Rs 200 crore.
In terms of output, the world cashew kernel production is led by Vietnam and India.
"We are now looking to move fibre market share from 6-7 percent to 10 percent of global by June 2020," Agarwal said.