Ready to discuss’: Narendra Modi says as opposition raises Farooq Abdullah’s detention, economic slowdown
NEW DELHI: Ahead of Parliament’s winter session, the opposition strongly raised Lok Sabha MP Farooq Abdullah’s detention at the all-party meeting and demanded that he be allowed to attend the House. Prime Minister Narendra Modi assured that the government is ready to discuss all issues. At the government-convened meeting, the Opposition also demanded that the […]
Current economic slowdown episodic, says N K Singh
NEW DELHI: Finance Commission Chairman N K Singh on Friday said the current economic slowdown is episodic and expressed hope that sluggishness will not continue for long. India’s economic growth hit a six-year low of 5 per cent in the first quarter of the current fiscal. It is estimated that the growth may further slip […]
Economic slowdown hit jewellery and apparel sales this Diwali: Report
NEW DELHI: Festive shopping for jewellery and apparels has seen a massive hit in the run-up to the Diwali festivities, a report said on Monday. The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline. Release of […]
Economic slowdown fallout: Realty major Lodha group lays off 400 employees
NEW DELHI: Amidst rising debt which has crossed Rs 25,600 crore, and falling sales, Macrotech Developers, formerly Lodha Group, has given pink slips to around 400 employees. However, a spokesperson for the largest realty player in India attributed the lay-offs to performance reviews. The retrenchments at the company promoted by Mumbai BJP chief Mangal Prabhat […]
Investors lose Rs 2.55 trillion as stocks crash over economic slowdown
NEW DELHI: Investor wealth dropped Rs 2.55 trillion on Tuesday following a sharp plunge in the equity market as investor sentiment went for a toss amid concerns related to economic crisis and trade issues. The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to close at 36,562.91. Led by the sharp drop in […]