Business

Patel said the calls for protectionism in the US were on account of equity and domestic distribution issues which"textbook economics tells us should be addressed through domestic fiscal policy" such as taxation and income transfers.

The US has accused top Indian IT firms TCS and Infosys of unfairly cornering the lion's share of H-1B visas by putting extra tickets in the lottery system, which the Trump administration wants to replace with a more merit-based immigration policy.

The benchmark BSE Sensex rallied around 162 points in early trade on Friday on widespread gains as investors indulged in widening bets amid firm overseas cues.

Our oil price forecast is based on the future prices, which envisage relatively stable oil prices at little bit above $50 a barrel, which is where they stand now.

The rupee made good some of its losses by strengthening 30 paise to 64.37 against the US dollar in early trade today on fresh selling of the American currency by banks and exporters.

Over 2,000 fresh accounts were opened in a Bareilly branch of State Bank of India post-demonetisation till December 31 to allegedly channelise black money in which at least Rs 8 crore were deposited in old notes, a CBI probe has found.

Authorities have detected 18 lakh cases after demonetisation where the income profiles of people do not match their account profile, the Lok Sabha was informed on Friday.

With the declining bank credit to Indian real estate industry, private equity (PE) investors emerge as the major contributors to the sector by meeting around 75 percent of the funding requirement in the last couple of years, a report said on Tuesday.

The US has announced multiple measures to "deter and detect" what it described as "fraud and abuse" of H-1B work visas, the most sought after by Indian IT firms and professionals.

The robust demand of the two vehicles helped the company make up for five months of absence in Delhi-NCR region during the fiscal when diesel cars and SUVs with engine capacity of 2,000cc and above were banned, he added.

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There has been an increase of 584 per cent in digital transactions done through the Unified Payments Interface (UPI) since demonetisation in November last year, said an official release on Thursday.

The rupee was trading lower by 5 paise at 64.96 against the American currency in early trade on Thursday at the Interbank Foreign Exchange after the dollar gained strength overseas.

ICICI Bank on Tuesday announced a partnership with mobile app firm Truecaller for a new UPI-based mobile payment service.

Foreign investors have pumped in about USD 6 billion in capital markets so far this month, buoyed by expectations that BJP’s victory in assembly polls is a precursor to more “bold, reformist policies” in India.

SBI Research has attributed the lower outward remittances and massive jump in travel receipts, which bumped up the December quarter CAD, to the note ban impact that dominated the review period.