NEW DELHI: Reeling under a prolonged slowdown, Maruti Suzuki India (MSI) reduced its production by 17.48 per cent in September, making it the eighth straight month when the country’s largest car maker lowered its output. The company produced a total of 1,32,199 units in September as against 1,60,219 units in the year-ago month, Maruti Suzuki […]

MUMBAI: RBI Governor Shaktikanta Das has said till the growth is revived, the RBI will continue to remain in an accommodative mode and therefore a conclusion on what is the minimum repo rate where the central bank will take a pause cannot be concluded at this stage and will again depend on the next deliberations […]

A report reveals the festive sales earned e-tailers a whooping $3 billion with a large chunk of customers from Tier-2 cities or Bharat As festive sales hosted by the e-commerce sector ended last week, the e-tailers in India achieved a record $3 billion (about Rs 19,000 crore) of Gross Merchandise Value (GMV) during the period […]

Gold may lose its glitter this Dhanteras as a sharp rise in the prices of the yellow metal has weakened its demand in the domestic market, according to experts. “On Dhanteras, the gold sales touch around 40 tonnes every year. However, the weak demand may decrease the sales by 50 per cent this year,” Surendra […]

open in the 1990s, some economists thought big industrialists were the obvious candidates. But businesses are potential borrowers, and so should not control lending institutions: that creates an obvious conflict of interest. I was among those urging that no business house should be allowed to own a bank to prevent businessmen from milking depositors’ money […]

The LRS is extensively used by HNIs to transfer funds abroad up to the permitted limit of $250,000 every financial year. Under LRS, there is no restriction on the use of funds remitted abroad –– it can be gifted, spent freely, invested in financial securities, purchase of properties in any part of the world and […]

NEW DELHI: The government is working on a set of measures to remove friction points in the economy with a view to ensuring easy availability of funds to productive sectors and stimulate overall growth, sources said. However, the strategy being worked out does not include proposal for reduction of GST rates as the government believes […]

HDFC BankNSE 1.10 % managing director Aditya Puri said there is no need for pessimism despite the economic slump. “My view is that there are some very good things happening,” he told ET in an interview, among them the transformation that will be wrought by the digital revolution. While his bank has raised red flags […]

Few notions among those who do business in India are perhaps as pervasive and deeply held as the one about doing business with the government. It’s a bit like a visit to the dentist — best avoided, but if you must, then pain and unpleasantness can’t be escaped. Complex procurement norms, bureaucratic hurdles, nepotism and […]