E-tailing will become a substantial channel for the organised retail sector, contributing as much as 25 per cent of its total sales in by 2020 and reaching $60 billion in gross merchandising value, a report said here on Tuesday.
Global credit rating agency Fitch Ratings on Tuesday said an inability to infuse fresh capital into government owned banks would impact their balance sheet stability.
Profit booking, coupled with caution ahead of release of key macro-economic data, depressed the Indian equity markets on Tuesday.
With the Chinese slowdown making the world look for other growth drivers, India can become a powerful driver of economic growth, Finance Minister Arun Jaitley said here on Tuesday.
Profit booking, coupled with caution ahead of key macro-economic data, depressed the Indian equity markets on Tuesday.
Auto major Maruti Suzuki's parent company Suzuki Motor Corp said here on Tuesday that its car plant in Gujarat, with an envisaged total investment of Rs.18,500 crore, will begin operations from next year.
Terming the banks non-performing assets (NPAs), or bad loans, issue a serious concern to the economy, Union Minister of State for Finance Jayant Sinha has said the government was working to sort it out and reduce NPAs.
Expenditure Secretary in the Ministry of Finance Ashok Lavasa was on Tuesday appointed the new Finance Secretary. The post was lying vacant since Ratan Watal retired in April this year.
International cigarette companies including ITC and Godfrey Phillips have implemented the rule requiring 85 percent pictorial warning, they said on Tuesday.
The Krishi Kalyan Cess of 0.5 per cent on services imposed by Finance Minister Arun Jaitley comes into force from Wednesday through which the government proposes to collect Rs 5,000 crore during the remaining 10 months of the current fiscal.