Budget 2020

REIT investment cap may be cut to ease retail flows

MUMBAI: India’s market regulator is weighing a proposal that seeks to reduce the minimum investment limit in real estate investment trusts (REIT) to facilitate retail participation in this asset class, especially at a time when New Delhi is keen to monetise some of its income-earning properties. While the current floor is Rs 50,000, the threshold […]

Budget 2020

RBI money policy: EMIs stable, call for tax cut on fuel & other takeaways

NEW DELHI: The Reserve Bank of India on Wednesday tried to strike a conciliatory note by delivering on the expectations and extending an olive branch to bond traders, who had been revolting in the recent past. The Monetary Policy Committee of RBI decided to keep the policy rate unchanged, maintained growth projections, pledged to keep […]

Budget 2020

Jet fuel price cut by 3%

In the first reduction in rate in two months, jet fuel or ATF price on Thursday was cut by 3% in line with softening international crude oil prices. Aviation turbine fuel (ATF) price was reduced by ₹1,887 per kilolitre, or 3%, to ₹58,374.16 per kl in the national capital, according to a price notification of […]

Sports

Barcelona net late winner, cut Atletico Madrid’s lead to 1 point

A late winner by Ousmane Dembélé gave Barcelona control of its own fate in the race for the Spanish league title. Dembélé scored in the 90th minute on Monday as Barcelona defeated 10-man Valladolid 1-0 to move within a point of league leader Atlético Madrid. Dembélé scored with a left-footed shot from inside the area […]

Budget 2020

India wields oil ‘weapon’ to cut dependence on Saudi

When India’s government last month asked refiners to speed up diversification and reduce dependence on the Middle East – days after OPEC+ said it would maintain production cuts – it sent a message about its clout and foreshadowed changes to the world’s energy maps. It was a move that had been in the works for […]

Budget 2020

Petrol, diesel prices cut for the second day

Petrol and diesel prices were on Thursday cut for the second straight day as international oil prices cooled fell on prospects of speedy recovery in consumption getting clouded by second wave of COVID-19 cases. Petrol price was cut by 21 paise per litre and diesel by 20 paise, according to a price notification of state-owned […]

Budget 2020

High petrol, diesel prices burden on consumers; tax cut should be joint call of Centre, States: Nirmala Sitharaman

Economists at SBI in a report stated that petrol price can go down to ₹75 a litre across the country if it is brought under the ambit of GST. Finance Minister Nirmala Sitharaman on Friday acknowledged that consumers have a case for petrol and diesel prices to be brought down but said a reduction in […]

Budget 2020

Jaguar Land Rover to cut 2,000 jobs globally

This follows the announcement that Jaguar brand will be entirely electric by 2025. Jaguar Land Rover said on Wednesday it would cut 2,000 jobs from its global salaried workforce, just days after announcing its luxury Jaguar brand will be entirely electric by 2025 and e-models of its entire line-up will be launched by 2030. “The […]