Business

The meeting also assumes significance as it will be the first after last month's promulgation of the ordinance amending the Banking Regulation Act, 1949.

Alibaba Cloud, the cloud computing arm of Chinese e-commerce company Alibaba Group, on Saturday announced that it will open its first data centre, by early next year, in India.

Mahanadi Coalfields Limited (MCL) has registered about nine per cent growth in profit before tax (PBT) at a record Rs 6,853.32 crore in financial year 2016-17, as against Rs 6,283.44 crore during the previous fiscal.

India called on Thursday for a coalition of middle-income countries to drum up support for globalisation as a political backlash in the United States and parts of Europe against free trade and investment imperils its growth aspirations.

Asian shares wobbled on Thursday as investors braced for any surprises from the UK elections, the European Central Bank's policy meeting and congressional testimony from ex-FBI director James Comey who was fired by President Donald Trump last month.

World Bank on Sunday maintained its forecast for global growth in 2017 and 2018 unchanged at 2.7 per cent and 2.9 per cent, respectively, as manufacturing and trade are picking up and confidence is improving.

Wipro saw its net income for the full year decline 4.7 per cent over the previous fiscal.

A consortium led by JSW Steel raised its bid for Italy's troubled Ilva steel plant, a statement said on Saturday.

IT services major Infosys on Friday said it will hire 20,000 people this year as against only 400 people being asked to leave on performance grounds and termed reports of large-scale job losses as "overstated".

He added that a GDP growth rate of 7-8 per cent is reasonable by both global and Indian standards.

The GST Council had earlier this month put over 1,200 goods and 500 services in four tax slabs of 5, 12, 18, 28 per cent.

The green panel had directed the MoEF and all state governments to decide within two months whether petcoke was "an approved fuel" as per the environmental laws.

In downgrading Hong Kong, the agency outlined the growing links between the city and the mainland, with banks increasing China-related lending, while its stock market is also linked to bourses in Shanghai and Shenzhen through separate tie-ups.

It had also cited the provisions of Section 45-E of the RBI Act, 1934 which prohibits disclosure of credit information.

The rupee strengthened by 15 paise to 64.49 per dollar in early trade on selling of the US dollar by banks and exporters.

India's economy is set to grow by a robust 7.4 percent in the current fiscal, backed by the agriculture sector which is estimated to clock 3.5 percent growth and improvement in the performance of the industry and services sector, according to a report.