E-PaperSlump News
Global economy, demand & supply issues: Union Minister Gadkari on auto slump
Union Minister Nitin Gadkari commented on the slump affecting the automobile industry. The minister of road transport and highways said that the global economic situation, and demand and supply issues were to blame for the troubles plaguing the sector. He assured that the government is standing with the industry. Automobile sales over the past 13 months have been declining.
5 Sep 2019Bitcoin prices slump, crypto-linked stocks fall
Bitcoin, the largest cryptocurrency, traded at $5,537 as of noon Tokyo time, according to consolidated pricing data compiled by Bloomberg.
1 min read15 Nov 2018A culture war is brewing between Bitcoin’s old and new money
A prolonged slump this year has wiped out over $100 billion in wealth, and the ensuing panic over how to stabilize the currency has incited a Gatsby-esque class war
4 min read6 Aug 2018Are housing companies such as Unitech too big to fail?
It is well-known that the realty sector is rife with myriad such cases of defaults in delivery timelines, but why single out Unitech?
5 min read11 Dec 2017Biocon gets shareholders’ nod for transfer of biosimilars business
The resolution for transfer of biosimilars business by way of a slump sale as 'going concern' to Biocon Biologics India Ltd has been passed by shareholders
1 min read8 Dec 2017Yes Bank said to cut 12% of jobs to lower expenses, push technology
Yes Bank has cut about 2,500 jobs, mostly in the sales team, to lower expenses and push technology amid an industrywide lending slump
1 min read21 Sep 2017BookMyShow acquires restaurant search engine Burrp
Online entertainment ticketing firm BookMyShow acquires Mumbai-based Burrp from Network18 on a slump sale
1 min read3 Jul 2017Adani Power board approves Mundra plant slump sale to unit
Adani Power board has approved the slump sale of its Mundra power plant to Adani Power (Mundra) to attract investment in the subsidiary for capacity expansion
2 min read7 Jun 2017Indian bonds slump as RBI holds repo rate
The yield on 10-year sovereign bonds jumped 16 basis points to 6.36% as of 3.12pm in Mumbai, according to prices from the RBI's trading system
1 min read7 Dec 2016Asia’s worst currency slump puts Malaysia Central Bank on guard
19 economists polled in a fresh survey predicted that Bank Negara Malaysia will hold the policy rate at 3% on Wednesday
1 min read23 Nov 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared