India Finance and Business news

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India's current account deficit jumps to 1.4% in December quarter
Livemint Workers' remittances by overseas Indians, after picking up in Q2 at $9 billion, again declined marginally in Q3 to $8.9 billion. Photo: Mint. New Delhi: India's current account deficit (CAD) jumped to a four quarter high of 1.4% of gross domestic ... -

PMGKY may achieve less than 50% of target; declarants ask for more time: I-T sources
PMGKY may achieve less than 50% of target; declarants ask for more time: I-T sources According to officials, the declarants want more time to submit the money they declared under the scheme.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

Airtel confirms Tikona's acquisition, says it will buy company's 4G biz for Rs 1,600 cr
Airtel confirms Tikona's acquisition, says it will buy company's 4G biz for Rs 1,600 crWith this, Airtel will become the second company, after Jio, to have pan-India presence in 2300 Mhz band -- which has 2nd largest ecosystem of 4G.

Global stocks, bonds cheer bumper ECB cash handout
Global stocks, bonds cheer bumper ECB cash handout. Read full details

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
L.L. Bean rebuffs boycott over granddaughter’s big Trump donationA man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.