Economy

RBI raises retail inflation forecast for Apr-Sept FY20 to 3-3.1 pc

1:44 pm June 6, 2019

Mumbai: The Reserve Bank Thursday raised the retail inflation forecast marginally to 3-3.1 per cent for the first half of the current fiscal, tracking uptick in food prices – mainly vegetables, albeit expectations of a normal monsoon this year. In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI) had forecast the retail inflation to be hovering in the range of […]

Ericsson considering new clauses to avoid RCom like situations

1:10 pm May 30, 2019

New Delhi: Swedish telecom gear maker Ericsson is considering tweaking provisions in business deals to avoid situations like those it is facing with Reliance Communications. The company sued RCom and its promoter Anil Ambani to recover dues of about Rs 1,500 crore, of which it managed to receive only Rs 550 crore. “We think fairness […]

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