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Economy trapped in Four Balance Sheet problem: Ex-CEA

New Delhi, Dec 18 (SocialNews.XYZ) Citing reasons for the “severe illness in the economy”, former Chief Economic Advisor Arvind Subramanian has pointed out that India is now facing a “Four Balance Sheet” challenge — comprising…


Infosys settles visa payment dispute with California

Bengaluru, Dec 18 (SocialNews.XYZ) Global software major Infosys on Wednesday said it had reached a settlement with the California Attorney General on charges related to B-1 visas to its techies. “Our agreement concludes the California…


Sensex, Nifty trade near record levels

Mumbai, Dec 18 (SocialNews.XYZ) Sensex and Nifty on Wednesday traded near record levels during the early trade, over favourable global cues and sustained inflow of foreign funds. PC Jewellers fell over 7 per cent on…



Markets open on positive note

Mumbai, Dec 18 (SocialNews.XYZ) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note. The BSE Sensex opened at 41,442.75 points and touched a high of 41,480.91 and a low of 41,374.94 points….



Industry tells FM ways to tackle slowdown, push growth

New Delhi, Dec 17 (SocialNews.XYZ) Business chambers suggested various steps, like fiscal easing to improve tax collections and discussed bottlenecks facing the industry with Finance Minister Nirmala Sitharaman at the third pre-budget consultations here on…



Broadband access in all villages by 2022: Prasad

New Delhi, Dec 17 (SocialNews.XYZ) The government on Tuesday said that all villages in the country will have broadband access by 2022, as it launched the ambitious National Broadband Mission entailing stakeholder investment of Rs…




Implement Swaminathan report on MSP in Budget: Farmers body

New Delhi, Dec 17 (SocialNews.XYZ) Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Tuesday held her fourth pre-budget consultations with different stakeholder groups from agriculture and agro processing sectors in connection with the forthcoming…


NBCC gets 97% votes to acquire Jaypee Infra

New Delhi, Dec 17 (SocialNews.XYZ) In a major breakthrough in the resolution process of the bankrupt Jaypee Infratech Ltd (JIL), NBCC’s resolution plan received 97.36 per cent votes of the Committee of Creditors (CoC), with…


Telangana to woo more investments across sectors

Hyderabad, Dec 17 (SocialNews.XYZ) Telangana will take more steps to attract investment with Industries and Information Technology Minister K.T. Rama Rao planning to hold sector-wise meetings with industry heads. He asked the IT and Industries…


Centre consults India Inc to revive industry, economy

New Delhi, Dec 17 (SocialNews.XYZ) Faced with the task of boosting private investment for reviving the sagging economy, the Centre has initiated consultation with captains of Indian industry ahead of the Union Budget. Industry expects…



NBCC gets over 95% votes in Jaypee Infra resolution

New Delhi, Dec 17 (SocialNews.XYZ) In a major breakthrough in the resolution process of the bankrupt Jaypee Infratech Ltd (JIL), sources said that NBCC’s resolution plan received over 95 per cent votes of the Committee…



Brickwork downgrades Zee citing Subash Chandra’s exit

Mumbai, Dec 17 (SocialNews.XYZ) Brickwork Ratings downgraded Zee Entertainment’s credit rating citing the exit of Subhash Chandra as Chairman of the Board and resignation of certain Independent Directors and the Company Secretary. The dilution of…