Finance (2241)

L&T Construction wins orders worth Rs 3,598 crore

    L&T Construction wins orders worth Rs 3,598 crore --> “The construction arm of L&T has won orders worth Rs 3,598 crore across various business segments,” L&T said in a BSE filing.

    Infrastructure major Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 3,598 crore across various business segments.

    “The construction arm of L&T has won

    DoT to issue Rs 12,500-cr demand notice to 6 telcos soon

      DoT to issue Rs 12,500-cr demand notice to 6 telcos soon --> As per the official, CAG has pointed out to the loss of Rs 12,488.93 crore but the DoT is calculating fresh amount by adding interest and penalties over it.

      The Department of Telecom will soon issue demand notice of over Rs 12,500 crore to six telecom operators who were found by CAG to have under-reported revenues to the tune of Rs 46,000 crore

      India-UK Free Trade Agreement may be easier post Brexit: CII

        India-UK Free Trade Agreement may be easier post Brexit: CII --> People hold banners during a ‘March for Europe’ demonstration against Britain’s decision to leave the European Union, in central London, Britain July 2, 2016. Britain voted to leave the European Union in the EU Brexit referendum. REUTERS/Tom Jacobs

        A Free Trade Agreement between India and the UK could be easier to accomplish at

        Govt mulling raising FDI cap to 49 per cent in newspapers, periodicals

          Govt mulling raising FDI cap to 49 per cent in newspapers, periodicals -->newspaper-press-759 --> Currently, the FDI policy permits 26 per cent foreign direct investment in the publishing of newspapers and periodicals dealing with news and current affairs through government approval route.

          The government is mulling to raise the foreign direct investment limit in newspapers and periodicals to 49 per cent from 26 per cent at present.

          Currently,

          Banks’ non-food credit growth recovers marginally to 9.76 per cent

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            The growth in non-food credit of banks marginally recovered to 9.76 per cent in the fortnight ended June 24, compared with 9.14 per cent in the previous fortnight, according to Reserve Bank of India data. However, this was the second successive week where non-food credit grew in single digit.

            Outstanding non-food credit in the banking system stood

            RBI board discusses new panel to set policy rates

              RBI board discusses new panel to set policy rates --> Not clear if Monetary Policy Committee will be formed before next review.

              The Central Board of the Reserve Bank of India (RBI) on Thursday discussed the constitution of the Monetary Policy Committee (MPC), a panel to be jointly constituted by the government and the RBI that would determine the interest rates.

              The board which met in Bengaluru

              Defence manufacturing: Another panel to finalise strategic partner model

                Defence manufacturing: Another panel to finalise strategic partner model --> Union Defence Minister Manohar Parrikar examines a product during the 7th Strategic Electronics Summit 2016 at Bengaluru International Exhibition Centre on Thursday. (Source: )

                Amid growing concerns among private defence manufacturers regarding the number of government contracts, defence ministry has formed an internal committee to finalise the

                US Stocks: Energy weighs on Wall Street but Costco shines

                  US Stocks: Energy weighs on Wall Street but Costco shines --> Advancing issues outnumbered declining ones on the NYSE by a 1.21-to-1 ratio. (File)

                  The S&P 500 and Dow industrials slipped on Thursday, weighed by energy shares, but gains in Costco and tech shares lifted the Nasdaq Composite. The energy sector of the S&P was dragged lower by Exxon and Chevron as oil futures prices fell nearly 5

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