Economy & Nation

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Infrastructure Leasing & Financial Services (IL&FS) says Grant Thornton, which was appointed to conduct forensic audit on credit rating agencies (CRAs) engaged its group companies over the past 10 years, has submitted its first report. In a statement, IL&FS says, the audit evaluates the...
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The union government has said that mobilising financial resources and ensuring efficient operations are the responsibility of Jet Airways and it has not role in raising funds for the ailing carrier.   Hardeep Singh Puri, minister of state for civil aviation (independent charge), while...
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Total debt in India, including government debt, as well as debt of corporate entities and individual borrowers, has increased at a compounded annual growth rate (CAGR) of 13.3% to reach the level of Rs253 lakh crore during the past five years ending March 2019, says a report.   The...
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Sovereign borrowing from/in foreign countries is not a new phenomenon. Documented history since the 15th century shows large-scale sovereign borrowings and a regular history of sovereign defaults too.    Over the last 300 years, this history shows many ups and downs. However, we will...
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Nothing probably signals the huge popularity of Maggi noodles - once banned by Indian government- than the numbers it notched up on Amazon’s prime day sales. According to a Nestle communication to stock exchanges, a limited edition assorted box became the best seller in the grocery and...
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