Free Press Journal
  • Moody’s upgrades India’s rating, says reforms will foster sustainable growth

    New Delhi: US-based Moody’s today upgradedIndia’s sovereign credit rating by a notch to ‘Baa2’ with a stable outlook citing improved growth prospects driven by economic and institutional reforms. The rating upgrade comes after a gap of 13 years -Moody’s had last upgraded India’s rating to ‘Baa3’ in 2004. In 2015, the rating outlook was changed to ‘positive’from ‘stable’. The ‘Baa3’ rating was the lowest investment grade — just a notch above ‘junk’

  • India is the most favourable, attractive place for FDI: Jaitley

    “The present government has implemented a slew of economic reforms one after the other, including the Goods and Services Tax (GST) roll-out,  introduction of Insolvency and Bankruptcy Code (IBC) and the  recapitalisation package for the Public Sector Banks (PSBs)”   Arun Jaitley/ FM

  • RBI proposes list for hedging commodities in global markets

    Mumbai : A Working Group of RBI on Thursday made a case for a “positive list” of commodities comprising metals, energy and agro products which can be hedged in the overseas markets by domestic traders. Exposure of Indian entities to commodity price risks has been accentuated by growing integration of the economy with the rest of the world and rising volumes of cross-border trade.

  • Industry pitches for bringing natural gas under GST regime

    New Delhi : More than four months after the launch of GST, the industry has pitched for inclusion of natural gas in the new indirect tax regime so as to help producers contain cost and aid in moving towards a gas-based economy.

  • Inflation may ease by Dec: Rangarajan

    Hyderabad : Former RBI Governor C Rangarajan on Thursday said the inflation, which rose to 3.58 per cent in October, may ease by December and remain below the 4 per cent level by the end of the current fiscal.

  • Sebi probing into sharing of listed firms information on social media

    New Delhi : Markets regulator Sebi will look into the complaints of some individuals allegedly circulating key financial details and other information about listed companies on social media groups before they are made public, an official said.

  • Sebi attaches bank, demat, MF accounts of Mallya’s UBHL

    New Delhi : Markets regulator the Securities and Exchange Board of India (SEBI) has ordered attachment of bank accounts as well as share and mutual fund holdings of defaulter businessman Vijay Mallya-led United Breweries (Holding) Ltd to recover dues totalling Rs 18.5 lakh.

  • IT department conducts searches on NSE brokers

    New Delhi : The income-tax department has conducted searches on two NSE-linked brokers in connection with its tax evasion probe against entities and individuals said to be involved in the high-profile co-location case.

  • ICICI Bank to offer small instant credit to Paytm users

    Mumbai: Largest private sector lender ICICI Bank will offer short-term instant credit to its existing customers who want to make purchases worth up to Rs 20,000 through digital payments leader Paytm.

  • Inflation may ease by December: Rangarajan

    Hyderabad: Former RBI Governor C Rangarajan today said the inflation, which rose to 3.58 per cent in October, may ease by December and end up below 4 per cent by the end of the current fiscal.