‘Public sector doesn’t understand profit, business’

SpiceJet chairman and managing director Ajay Singh said on Friday that the Goods and Services Tax (GST) had become an additional burden on the civil aviation sector that needs to become globally competitive in order to boost tourism. “There is no shortage of ambition in the civil aviation sector but a lot needs to be […]

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Goldman Sachs studying whether to trade in bitcoins: Report

Goldman Sachs is exploring whether to launch a trading venture in bitcoin in response to client demand, a person familiar with the matter said on Monday. Goldman’s consideration of the digital currency could give bitcoin a boost at a time when it is under criticism in China and by some large banks. Goldman is looking […]

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RBI seen keeping rates on hold as inflation concerns revive

The Reserve Bank of India (RBI) is expected its policy rate unchanged at a policy meeting this week despite a sharp slowdown in economic growth, after inflation surged to a five-month high, threatening the central bank’s target. The RBI has made a priority of maintaining consumer inflation at around 4% — the midpoint of its […]

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Asian stocks hit decade high, dollar firm before Fed meeting

Asian shares hit decade highs on Monday and the dollar held firm early in a week in which the US Federal Reserve is likely to wrestle with its bloated balance sheet as part of a long reversal of super-cheap money worldwide. There was relief the weekend passed with no new provocation by North Korea, though […]

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Tata Motors upbeat on commercial vehicles business

Automotive major Tata Motors is upbeat on the company’s commercial vehicles business unit, where it expects to consolidate its market share up from 43 per cent now. “Putting behind concerns which had resulted in a slowdown in the CV business due to demonetisation, the transition from BS III to BS IV norms, and the GST […]

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People on Twitter are furious at this startup that aims to replace mom-and-pop stores with vending machines

A new startup launched by two former Google employees aims to replace the corner store – but city dwellers on Twitter don’t seem too happy about that. Called Bodega , after New Yorkers’ preferred term for the local convenience store, the idea behind the startup is to place interactive pantry boxes full of non-perishable goods in convenient spots, […]

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Sebi warns of rising external debt risks as masala bonds surge

The rupee-denominated bonds, popularly known as masala bonds, are likely to add to the nation’s external liabilities even if they don’t hold any risks to currency movement, a top Sebi official said on Wednesday. “When money flows into the country from foreign investments, we are attracting some risks and it is not currency risk alone. Masala […]

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India’s domestic air passenger traffic rises over 12% in July

India’s domestic air passenger traffic grew by over 12% in July, a global airline association said on Wednesday. According to the International Air Transport Association’s (IATA) global passenger traffic data for July, India’s domestic demand — revenue passenger kilometres (RPK) — was the second highest amongst major aviation markets like Australia, Brazil, China, Japan, Russia […]

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