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Central bank will likely ease its benchmark rate by 25 basis points again to 5.15 per cent at its October meeting.
Indian economy set for weakest quarter of growth in five years: report
27 Aug 2019 11:07 AM

The RBI lowered its outlook for the fiscal year 2019-2020 at its August meeting.

EPFO is working towards a three-day settlement period for KYC (Know Your Customer) compliant beneficiaries who have UAN linked to Aadhaar.
EPFO to launch e-inspection system to simplify process
26 Aug 2019 1:09 PM

The EPFO is looking at alternative authentication vis-a-vis the employee database.

Crude oil imports into India consumer declined 1.2 per cent from a year earlier to 19.34 million tonnes, but increased 14.6 per cent from the previous month. (Photo: File | Representional)
India's petrol imports in July hit highest in at least eight years
22 Aug 2019 3:01 PM

Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011.

Parle, founded in 1929, employs about 100,000 people, including direct and contract workers across 10 company-owned facilities and 125 contract manufacturing plants.
Parle may cut up to 10,000 jobs amid slowdown, falling demand
21 Aug 2019 1:07 PM

Parle is not the only food product company to have flagged slowing demand.

Bengaluru already has a wide variety of culinary experiences and we are confident that the robots will be welcomed with open arms in Bengaluru, Robot Restaurant founder Venkatesh Rajendaran said. (Photo: Representational)
'Robot Restaurant' comes to Bengaluru
18 Aug 2019 5:16 PM

The restaurant claimed that its Bengaluru launch was after its "resounding success" in Chennai and Coimbatore.

Tata Motors and M&M said on Friday they would cut production at some plants in response to slowing demand.
Top Indian automakers plan production cuts amid industry crisis
10 Aug 2019 11:00 AM

Auto parts manufacturers and dealers have laid off about 350,000 workers since April.

India is amidst an economic and financial slowdown with minimal support from fiscal policy.
RBI not done with easing, to cut in October and early next year: Report
09 Aug 2019 2:09 PM

If the RBI does cut rates in Oct and early next year it will be the most aggressive amongst major central banks in easing policy.

The July 31-August 6 poll of 30 economists showed retail inflation rose to 3.20 per cent in July from a year ago.
Inflation likely edged up to nine-month high in July: report
07 Aug 2019 9:59 AM

Food prices have risen due to lower-than-expected monsoon rains over the past two months.

InterGlobe lost almost $1 billion in market value on July 10 after Gangwal disclosed his complaint to regulators, although the shares have recouped most of those losses since then.
IndiGo feud unresolved: Rakesh Gangwal
07 Aug 2019 1:45 AM

Gangwal last month alleged violations of corporate governance rules at InterGlobe, calling for India’s securities regulator to intervene.

Preliminary data shows overall car sales in the country may have dropped as much as 30 per cent in July.
Earnings disappoint; gloomy Diwali seen
07 Aug 2019 1:37 AM

The country’s biggest lenders and automakers have all sounded warning bells over the slower growth in demand and consumption.

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