Page 8 - Video Gallery

Non-oil export growth returned to positive territory in October after 2 months: Shaktikanta Das

Mumbai, Dec 05 (ANI): While briefing the media in Mumbai, Reserve Bank of India Governor Shaktikanta Das said, "As regards the external sector, exports contracted in September-October 2019 reflecting the persisting weakness in global trade but non-oil export growth returned to positive territory in October, after a gap of 2 months".

Equity indices trade higher ahead of RBI policy meet outcome

New Delhi, Dec 05 (ANI): Equity benchmark indices were in positive terrain during early hours on Dec 05. Ahead of widely expected interest rate cut by the RBI. The Central Bank is expected to cut rates by 25 basis points later in the day in an effort to reverse the economic slowdown. At 10:15 am, the BSE S-P Sensex was up by 101 points to 40,952 while the Nifty 50 edged higher by 23 points at 12,066. Except for Nifty metal and pharma, all sectoral indices at the National Stock Exchange were in positive zone.

Equity indices flat as Trump hints at delay in trade talks

New Delhi, Dec 04 (ANI): Equity benchmark indices were largely flat during early hours on Wednesday following gloomy global trends after US President Donald Trump said a trade deal with China may have to wait until after the 2020 presidential election. At 10:15 am, the BSE S-P Sensex was up by 90 points to 40,766 while the Nifty 50 edged higher by 20 points at 12,014. Except for Nifty metal which slipped by nearly 1 per cent, all other sectoral indices at the National Stock Exchange were in the green with thin margins.

Stocks see red on negative global cues, metal stocks suffer the most

New Delhi, Dec 03 (ANI): Equity benchmark slipped during early hours due to negative global cues on Dec 03 after US President Donald Trump said that he will reinstate tariffs on the US steel and aluminum imports from Brazil and Argentina. At 10:15 AM, the BSE S and P Sensex was down by 71 points to 40,731. While the Nifty 50 edged lower by 35 points at 12,014. Except for Nifty auto and FMCG, all sectoral indices at the NSE were in the negative terrain with Nifty metal plunging by 1.76 percent.

Prayers suspended for 20 minutes at Hyderabad's Chilkur Balaji Temple over vet's rape-murder case

Hyderabad, Dec 01 (ANI): Chilkur Balaji Temple suspended the entry of devotees for about 20 minutes on November 30 as a gesture to demonstrate against rape and murder of the woman veterinary doctor. All the devotees remained outside the temple with priests and performed 'maha pradakshinam', a prayer for the safety of women and girls. The burnt body of the doctor was found at Shadnagar outskirts in the Telangana's Ranga Reddy district. As per the preliminary probe, the police suspect that the veterinary doctor was sexually assaulted. On Saturday, massive protests were carried out in Telangana, along with several other parts of the country against the brutal rape and murder of a woman veterinary doctor in the state. Four people, identified as Mohammad Areef, Jollu Shiva, Jollu Naveen and Chintakunta Chennakeshavulu have been arrested in the case and sent to 14-day judicial custody by a Ranga Reddy court on November 30.

GDP growth slips to 4.5 %, affects hosiery industry

Ludhiana (Punjab), Dec 01 (ANI): GDP growth of India slipped to 4.5 % in the 2nd quarter of FY20. It marked the slowest expansion in 26 quarters. It was mainly on account of weak manufacturing and a drop in exports due to a global slowdown. The data also affected the hosiery industry. One of the shop owners in the hosiery industry said, "The season is right but people have no money as such. I request the government to help us."

Union Revenue Secretary Dr Ajay Bhushan Pandey chairs 1st National GST Conference in Delhi

New Delhi, Nov 25 (ANI): The 1st National GST Conference of Commissioners of State Tax and Chief Commissioner of Central Tax held in Delhi. Union Revenue Secretary Dr Ajay Bhushan Pandey chaired the conference. Commissioners of State Tax, Zonal Chief Commissioners of Central Tax and Director General of Central Tax were also present.

Top 10 stocks to buy in Muhurat trading for Samvat 2076

From Avenue Supermarts to Bajaj Auto, here are the 10 stocks you need to buy in Muhurat trading for Samvat 2076

Gross NPAs down to Rs 7.90 lakh crore from Rs 8.65 lakh crore: FM Sitharaman

New Delhi, Aug 30 (ANI): Finance Minister Nirmala Sitharaman announced that the gross non-performing assets (NPAs) in the baning sector have come down from Rs 8.65 lakh crore to 7.90 lakh crore. Nirmala Sitharaman made the announcement at a press conference. FM said that the non-performing assets, which were valued at Rs 8.65 lakh crore in December 2018 have come down to Rs 7.90 lakh crore. She also said that the loan recovery has been at a record high.

India Ratings revises FY20 GDP forecast to 6.7% from earlier prediction of 7.3%

New Delhi, Aug 28 (ANI): Research and ratings firm India Ratings revised its growth forecast for financial year 2019-2020 to 6.7 per cent from earlier prediction of 7.3 per cent in wake of the visible economic slowdown. "The growth in consumption demand is not on the expected lines, and there are many reasons for it. But in the last few quarters, both rural and urban consumption demand took a hit, and therefore, we have downward revised our GDP forecast from 7.3 per cent to 6.7 per cent," said Sunil Kumar Sinha, Principal Economist, India Ratings.

Govt's target to double farm income by 2022 'over ambitious': India Ratings' Principal Economist

New Delhi, Aug 28 (ANI): Research and ratings agency India Ratings, which downgraded its GDP forecast for financial year 2019-2020 to 6.7 per cent from its earlier estimate of 7.3 per cent, termed government's target of doubling agriculture income by 2022 as "over ambitious". "In the last 30 years, the agriculture sector grew by 2.8 to 2.9 per cent, and now to expect the growth rate to accelerate so much that we can have the agriculture income doubled by 2022 is very difficult. Therefore, I don't think it is possible but there is no problem in government going in that direction," said Sunil Kumar Sinha, Principal Economist, India Ratings

Rupee is worst performing currency due to international reasons: Market Expert

Mumbai, Aug 26 (ANI): Rupee has become Asia's worst performing currency. Speaking on this issue Market expert, Sunil Shah said that this situation has occurred due to international reasons. Speaking to ANI, he said, "Rupee is one of the worst performing currency if you compare to the other emerging markets, but reason being that rupee was quite stable for some times and under the current scenario geo-political instability, tariff war. Safe heaven is considered to be dollar when it comes to currency. Money is moving towards dollar and emerging market currencies are all taking beating. It's an international reason not due to local reason rupee is weakening."

Budget 2019: NSEB will be set up under 'Khelo India' to popularise sports, says FM Sitharaman

New Delhi, July 05 (ANI): Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today. While addressing at the Lok Sabha, Nirmala Sitharaman said, "To popularise sports at all levels, National Sports Education Board for development of sportspersons to be set up under 'Khelo India'."

Budget 2019: India has emerged as space power, time to harness space ability commercially, says FM

New Delhi, July 05 (ANI): Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today. While addressing at the Lok Sabha, Nirmala Sitharaman said, "India has emerged as a major space power. It is time to harness our ability commercially. To harness India's space ability commercially, a public sector enterprise, New Space India Limited (NSIL) has been incorporated to tap the benefits of Indian Space Research Organisation (ISRO)."

Budget 2019: Govt will invest Rs 100 lakh crore in infrastructure sector, says FM Sitharaman

New Delhi, July 05 (ANI): Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today. While addressing at the Lok Sabha, Nirmala Sitharaman said, "The Indian government will invest Rs 100 lakh crore in the infrastructure sector." "Government has been following policy of disinvestment in non-financial public sector undertakings, maintaining government's stake not to go below 51%. Government is considering, in case where undertaking is still to be retained in govt control, to go below 51% to an apt level on case to case basis," she added.

Budget 2019: NPAs worth Rs 4 lakh crore recovered in past 4 years, says Nirmala Sitharaman

New Delhi, July 05 (ANI): Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today. While addressing at the Lok Sabha, Nirmala Sitharaman said, "Non-performing asset (NPAs) have been down by Rs 1 lakh crore in the last one year and there is recovery of Rs 4 lakh crore over the last four years in NPAs."

Budget 2019: India's sovereign external debt to GDP is among lowest, globally at less than 5%, says Sitharaman

New Delhi, July 05 (ANI): Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today. While addressing at the Lok Sabha, Nirmala Sitharaman said, "Government has been following policy of disinvestment in non-financial public sector undertakings, maintaining government's stake not to go below 51%. Government is considering, in case where undertaking is still to be retained in government control, to go below 51% to an appropriate level on case to case basis." "India's sovereign external debt to Gross domestic product (GDP) is among the lowest globally at less than 5%. Government will start raising a part of its gross borrowing program in external markets in external currencies," she added.

Budget 2019: New series of coins will be made available for public use shortly, says Nirmala Sitharaman

New Delhi, July 05 (ANI): Union Finance Minister Nirmala Sitharaman presented the budget for 2019-2020 in the national capital today. While addressing at the Lok Sabha, Nirmala Sitharaman said, "A new series of coins of Rs 1, Rs 2, Rs 5, Rs 10 and Rs 20 easily identifiable to the visually impaired were released by the Prime Minister Narendra Modi on March 7, 2019. These coins will be made available for public use shortly."

Hindustan Oil Exploration to acquire Hardy Exploration and Production

Chennai, July 02 (ANI): Hindustan Oil Exploration Company (HOEC) said on Tuesday it has entered into a conditional agreement with US-based Hardy Oil and Gas to acquire the entire share capital of its Indian project office. Hardy Exploration and Production has assembled a strategic position in the oil and gas basins on the east coast of India and off the Saurashtra west coast near the Bombay High field. This has been done through asset acquisition, reserve optimisation, and development of strong working relationships since 1997. The company has also acquired development assets in the Niger Delta of Nigeria, a proven oil province. HOEC's story began in 1983 with the need for private participation in the Indian oil and gas sector. It has emerged as a fast-growing and independent exploration and production player with 10,000 barrels of oil equivalent products every day from four of the seven producing basins in India.

Once India becomes $5 trillion economy, $20 trillion target won't be difficult: Piyush Goyal

New Delhi, Jun 22 (ANI): Union Commerce and Industry Minister Piyush Goyal on Friday said that once India becomes a $5 trillion economy, then the target of $20 or $25 trillion will be a matter of time. "We are aiming to become a $5 trillion economy in next 5 yrs. Once we hit $5 trillion, my sense is that $20 or $25 trillion won't be difficult to achieve," Goyal said at an interaction with the members of Confederation of Indian Industry in Delhi. India has set a target of becoming a $5 trillion economy by 2024. Goyal said once India achieves the $5 trillion mark, then next $5 trillion will be added within six years from that time.