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The Siasat Daily English Business News

  • Business

    15 lakh salaried employees with PF a/c's stuck with toxic IL&FS bonds

    NEW DELHI: A new threat looms large for the government in an election year. A spanking new but restive community of salaried employees is concerned about its money deposited with the Employees Provident Fund Organisation (EPFO). At the cutting edge of the ever burgeoning IL&FS crisis, these employees are exposed to toxic investments. Most of these Employee Provident Funds...

    • 7 hrs ago
  • Business

    Made in Kerala cashew feni on the anvil

    Thiruvananthapuram: Thanks to the initiative of the Kerala State Cashew Development Corporation Limited, it will not be long before 'Made in Kerala' cashew feni hits the market, said an official. Speaking to IANS, S. Jayamohan, Chairman of the state-owned corporation, said their aim is to come out with value added products from cashew. 'We have already started making cashew soda and jam, both made out of...

    • 8 hrs ago
  • Business

    Rupee weakened against $ in choppy weekly trade

    Mumbai: In a choppy week's trade, the Indian currency weakened against the US dollar to close above the 71 a dollar mark on Friday, owing to a sharp rise in crude oil prices, turmoil in the equity markets and uncertainty around the US-China trade relations. In what could translate into further trouble for the domestic currency, analysts see an upward move of 6 to 7 per cent in the Brent crude...

    • 10 hrs ago
  • Business

    Trump meets US trade delegation after Beijing talks

    Washington: US President Donald Trump said that he met the team of US negotiators who had travelled last week to Beijing for a new round of trade negotiations with China. 'Trade negotiators have just returned from China where the meetings on trade were very productive,' Trump, who is currently at his private residence in Palm Beach, Florida, said in a series of tweets on Saturday night. 'Now at...

    • 13 hrs ago
  • Business

    Reliance Foundation reaches out to kin of those killed in Pulwama attack

    Mumbai: Reliance Foundation on Saturday expressed readiness to take on the responsibility of education and employment of the children of the 40 CRPF personnel who were killed in the Pulwama terror attack. 'As a mark of our gratitude to the martyrs, Reliance Foundation expresses its readiness to assume full responsibility for the education and employment of their children...

    • 13 hrs ago
  • Business

    Liquidity constraints continue in the market despite bank recoveries: FICCI-IBA

    New Delhi: Considerable liquidity constraints witnessed in the economy during the second half of 2018 are likely to continue for the remaining fiscal year (January to March 2019), according to a joint survey by Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks' Association (IBA). Among the major factors are stress in the non-banking...

    • 13 hrs ago
  • Business

    GST brought down tax rates for real estate sector: Modi

    New Delhi: Prime Minister Narendra Modi on Wednesday said that the Goods and Services Tax (GST) has brought down tax rates in the real estate sector along with easing business operations for both developers and home buyers. Addressing the 'CREDAI YouthCon 2019', he said the tax rates on construction materials have also gone down since the implementation of GST regime in 2017. 'GST has eased...

    • yesterday
  • Business

    US dollar retreats amid soft economic data

    New York: The US dollar declined as market participants digested a slew of downbeat data. In late New York trading on Friday, the euro fell to $1.1295 from $1.1299 in the previous session, and the British pound was up to $1.2886 from $1.2801 in the previous session, Xinhua news agency reported. The Australian dollar was up to $0.7139 from $0.7105. The US dollar bought 110.44 Japanese yen, lower than...

    • yesterday
  • Business

    Hong Kong stocks retreat by break

    Hong Kong: Hong Kong stocks fell Friday morning with US officials due to meet Chinese President Xi Jinping in key trade talks in Beijing, as data showed China's January inflation came in slower than expected. The Hang Seng Index shed 1.6 percent, or 467.62 points, to 27,964.43 by the break.

    • yesterday
  • Business

    Amazon invests in electric vehicle startup Rivian

    San Francisco: Electric vehicle startup Rivian on Friday announced a $700 million investment round led by Amazon, which recently pumped money into a young self-driving car technology firm. Details of Amazon's stake in US-based Rivian were not disclosed, but the company said it will remain independent. The potential Tesla rival late last year unveiled an electric pickup truck and an electric sport...

    • yesterday

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