Business

WeWork India currently has 26 operational coworking centres with 46,000 seating capacity. It has 9 centres in Bengaluru, 10 in Mumbai, 6 in Gurugram and one in Pune.

The ED remained tight-lipped about the identities of politicians who were allegedly gifted posh houses in Maharashtra's key localities.

Besides the repo rate cuts, more is required to ensure efficient policy transmission in India, such as surplus liquidity conditions, market-driven lending rates and a stable financial system to allow all sectors to benefit from lower borrowing costs.

The budget has set the fiscal deficit target at 3.3 percent of GDP for the current fiscal but the steeply falling GST collections and the historic cut in corporate taxes have raised concern over the maintainability of the target.

Moody's said the proposed stake sale in BPCL would remove the company's links and prompt bond redemption, a credit negative.

Over a long-term horizon, the move to massively cut the corporate taxes by 10 percentage points to 25.17 per cent will push up capex, India Ratings and Research said.

The statement hours after the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector, including a deepening crisis at PMC Bank.

Forex traders said globally risk appetite has plunged as US-China trade concerns continue to linger. Besides, selling in domestic equities and unabated foreign fund outflows also weighed on the local unit.

The urban cooperative bank's loan book stood at around Rs 8,400 crore as of FY19, while its deposits stood at Rs 11,630 crore.

Besides, the airline, in a release, also announced the launch of Rajkot as its 54th destination, with a direct flight services from here to Gujarat's fourth-largest city.

The EPFO has been settling EPF withdrawal claims at 8.55 percent interest rate, approved for 2017-18.

ICICI Bank is adding 450 branches to take its network to 5,300 by March 2020 and will be hiring around 3,500 personnel for the same, executive director Anup Bagchi said.

The GST Council on Friday slashed the tax on hotel tariffs and some goods with a view to addressing sectoral concerns in a slowing economy.

The government said it had hired planes to fly home an estimated 150,000 holidaymakers to the UK, in an operation starting on Monday.

Das also reiterated the possibility of more rate cuts if incoming data support such a move but warned against government initiating any fiscal expansion, saying it has no legroom to do so given the high deficit numbers.

The government's move, Congress leader Jairam Ramesh said, does nothing to dispel the fear that pervades India Inc.