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Govt To Introduce Single Smart Card To Travel In Any Metro In India
The government is looking to unveil a new smart card that could be used to travel across all Metro rail networks in the country for a limited number of trips, a Times of India report said. At present, smart cards issued

90,000 Affordable Homes In Navi Mumbai To Be Made Available Under PMAY
The City and Industrial Development Corporation (CIDCO) of Maharashtra has planned to sell 90,000 houses in Navi Mumbai through its mega housing scheme which will form a part of Pradhan Mantri Awas Yojana (PMAY), the central government scheme that is aimed

Modi Cabinet Approves Aadhaar Amendment Bill 2019: This Is How Aadhaar Holders Will Benefit
Narendra Modi led cabinet recently gave an approval to replace the existing Aadhaar and Other Laws (Amendment) Ordinance, 2019 with "Aadhaar and Other Laws (Amendment) Bill, 2019". The bill will be put forth in the upcoming budget session that begins on

Alibaba Files For Listing On Hong Kong Exchange
As per a source familiar with the development, Alibaba, the leading Chinese e-commerce giant has filed confidentially for Hong Kong listing. The listing will happen as soon as the third-quarter of the current year. Bloomberg was the first to report about

No Former PM Will Be Present In Parliament In The Upcoming Budget Session
The Parliament's first budget session after the formation of the new government at the Centre is scheduled to start on 17 June. The Union Budget for the financial budget will be presented by Finance Minister Nirmala Sitharaman on 5 July.

HDFC Bank Revises FD Rates After RBI’s Rate Cut Last Week
After the RBI in its second bi-monthly monetary policy committee meet on June 6 cut key repo rate for the third-straight time by 25 bps to 5.75%, the private sector lender has also revised its rates on fixed deposits. The new

China's Factory Growth In May Was The Slowest In 17 Years
Trade war with the US may be weighing on China's economy more than earlier anticipated. Data on industrial output for the month of May showed that its growth had slowed down to a 17-year low. Hours after the weak data, China's

Now RBI To Impose Penalty On Banks If Their ATMs Run Out Of Cash
As per an exclusive report in one of the leading business dailies, in case the ATMs fail to dispense cash for more than 3 hours, the central bank of the country may levy a penalty on banks. And as per one

HDFC Sells 3.1 Crore Additional Shares In Gruh Finance
Housing Development Finance Corporation (HDFC) on Friday said that it has sold 3.1 crore shares or 4.22 percent stake in Gruh Finance for Rs 899.43 crore. Shares of Gruh Finance slumped 7.5 percent in intraday trade on Friday after the announcement.

Imports In May Increase By 7.76% YoY, Trade Deficit Widens
Exports of goods registered a 3.93% y-o-y growth in May to $29.99 billion as many of the major sectors including the likes of engineering goods, iron ore and leather products grew despite a slowdown in exports of gems & jewellery and

India To Levy Retaliatory Tariffs On 29 US Products
In what could mean aggravating trade spat between India and the US, India has took a decision to implement the long-pending retaliatory tariffs on 29 US products. Earlier, the levy of such tariffs was postponed until June 16 as the country

Bengaluru IMA Scam: Founder Of Halal Ponzi Scheme Has Fled India
Founder and owner of the I Monetary Advisory (IMA) Group and the main accused of cheating over 23,000 investors across Karnataka, fled the country on 8 June, the Times of India reported, citing police sources. The Bengaluru police has issued a lookout notice for him, it further said.

This Cryptocurrency Gains 4-Fold This Year And Its Not Bitcoin
You might not have as well heard about it but Litecoin has outpaced all its crypto-peers including the largest digital token bitcoin and others such as Ether, XRP etc. with gains of almost fourfold this year. This cryptocurrency has surged over

Gold Climbs Closer To Its 14-Month High Amid Global Trade Conflicts
Gold prices in the international market edged closer to its 14-month high as trade and political tensions, along with a possible rate cut by the US Federal Reserve, increased demand for the safe haven metal among traders. Spot gold rose by

India's Wholesale Inflation Falls To 2 Year Low Of 2.45% In May
Wholesale inflation measured by WPI index for the month of May dropped to an almost 2-year low, hitting levels of 2.45% in comparison to 3.07% in April. For the month of March, the Ministry of Commerce and Industry has revised WPI

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