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All posts tagged "Business"

India1 day ago

Mergers will kill branches when the need is for branch expansion: AIBEA

Chennai, Dec 15: At a time when India is largely unbanked or underbanked with low density of banks, merger of banks will result in killing of branches...
Business1 day ago

Wall Street collapses, S&P 500 ends at lowest since April

New York, Dec 15: US stocks fell sharply on Friday as investors grew concerns over a possible slowdown of the global economy and a slew of...
Business2 days ago

Sensex ends flat on weak global cues, RBI board meet

Mumbai, Dec 14: The key Indian equity indices closed flat after trading in a narrow range on Friday tracking weakness in Asian and European markets over...
Business2 days ago

Lower food prices ease India’s WPI to 4.64% in November

New Delhi, Dec 14: Lower food and fuel prices eased India’s annual rate of inflation based on wholesale prices to 4.64 per cent in November from...
Business3 days ago

Sensex up 150 points; Nifty ends short of 10,800 mark

Mumbai, Dec 13: The key Indian equity indices traded higher on Thursday with the Sensex gaining over 150 points and Nifty50 ending just short of 10,800 points...
Business4 days ago

November retail inflation falls to 2.3%, October IIP up over 8%

Similarly, the output of consumer non-durables rose during October by 7.9 per cent, and that of consumer durables by 17.6 per cent.
Business4 days ago

Sensex jumps 629 points, Nifty settles above 10,700

Mumbai, Dec 12: Buying at lower levels and hopes of an easing monitory policy with the appointment of Shaktikanta Das as the new RBI Governor pushed...
Business4 days ago

New RBI Governor ‘Shaktikanta Das’ takes charge

Mumbai, Dec 12: Shaktikanta Das on Wednesday assumed charge as the 25th Governor of the Reserve Bank of India. “Assumed charge as Governor, Reserve Bank of...
Business6 days ago

Sensex nosedives over 700 points, Nifty ends below 10,500 mark

Mumbai, Dec 10: The Indian equity market slumped around two per cent on Monday, with the S&P BSE Sensex shedding over 700 points, tracking a similar...
Business6 days ago

Ratan Tata conferred steel industry’s lifetime achievement award

Mumbai, Dec 10: Eminent industrialist Ratan N. Tata was conferred the Steel Users Federation of India (SUFI) Lifetime Achievement Award for his association and contribution to...
Analysis7 days ago

Election results, oil prices to direct equity indices movements – Market Outlook

Last week, the Indian equity indices dipped over concerns of a resurgence of US-China trade tensions and reports of crude oil supply cut.
Business1 week ago

Sensex ends 361 points up; Nifty settles short of 10,700

Mumbai, Dec 7: The key Indian equity indices surged around one per cent on Friday supported by a rise in banking stocks and easing crude oil...
Business1 week ago

HCL buys IBM Software Products for $1.8 billion

New Delhi, Dec 7: Indian software major HCL Technologies on Friday said it was acquiring IBM Software Products for $1.8 billion (Rs 12,700 crore) in an...
Business1 week ago

Sensex tanks 572 points over oil output cut fears, weak rupee

Mumbai, Dec 6: Fears over possible crude oil production cut by the OPEC group as well as broadly negative Asians stock markets pulled the barometer S&P BSE...
Business2 weeks ago

Zomato acquires TechEagle to deliver food via drones

New Delhi, Dec 5: Aiming to deliver food via drones in India, online ordering app Zomato on Wednesday announced it has acquired a Lucknow-based TechEagle Innovations that...
Business2 weeks ago

Equity indices end lower as RBI’s policy fails to cheer investors

Mumbai, Dec 5: Broadly negative global cues as well as disappointment over the Reserve Bank’s monetary policy announcement dragged the key Indian equity indices to end...
Blog2 weeks ago

Real estate innovation: The next phase of growth

Real estate strategies will have to go on to add value through a broad array of services through partnerships and astute asset selection. For example, warehouse...
India2 weeks ago

Vijay Mallya offers to repay 100% bank money

New Delhi, Dec 5: Fugitive liquor baron Vijay Mallya, wanted in a Rs 9,000 crore bank loan default case, on Wednesday offered to pay back “100 per...
Business2 weeks ago

Sensex ends 6-day gaining streak, sheds 107 points

Mumbai, Dec 4: The benchmark S&P BSE Sensex snapped its six-day-long gaining streak, closing 107 points lower on Tuesday as investors turned cautious ahead of major...
Business2 weeks ago

Sensex, Nifty end flat over weak rupee, macro data

Mumbai, Dec 3: The key equity indices managed to register their sixth straight session of gain on Monday as the S&P BSE Sensex and Nifty50 closed marginally...
Business2 weeks ago

Bankers to go on strike on Dec 26

Chennai, Dec 1: The United Forum of Bank Union (UFBU) – a consortium of nine unions in the banking sector – will strike work on December...
Business2 weeks ago

Lenovo dominated India’s tablet market in Q3 2018

New Delhi, Dec 1: Lenovo led as India’s tablet market grew six per cent in the third quarter of 2018, a new report by CyberMedia Research...
Business2 weeks ago

India’s Q2 GDP growth drops to 7.1%

New Delhi, Nov 30 : The pace of India’s GDP (gross domestic product) growth slowed during the second quarter of 2018-19 to 7.1 per cent from...
Business2 weeks ago

Sensex, Nifty settle on flat to positive note

Mumbai, Nov 30: The key equity indices settled on a flat-to-positive note on Friday amid concerns falling crude oil prices and a healthy inflow of foreign...
Business2 weeks ago

Sensex jumps 450 points, rupee gains 74 paise

Mumbai, Nov 29: India’s key equity indices jumped on Thursday, their fourth straight session of gains, amid expectations the US Federal Reserve would slow its pace...
India2 weeks ago

True growth in Jumlas, manipulation in data under Modi government: Kapil Sibal

New Delhi, Nov 29 : Senior Congress leader Kapil Sibal made a satirical comment on the Narendra Modi-led National Democratic Alliance government for resorting to malicious and fraudulent...
Business2 weeks ago

India among fastest growing Cloud markets for AWS: CEO Andy Jassy

Las Vegas, Nov 29: The Asia-Pacific region has huge potential to write the next growth story for Amazon Web Services (AWS), with India playing a key...
India3 weeks ago

Modi, Jaitley resort malicious jugglery in GDP back-series data: Congress

"Faced with utter and complete rejection of the ‘voodoo economics' of Modi and Jaitley duo, they are resorting to malicious and fraudulent jugglery of GDP figures...
Business3 weeks ago

UPA era growth rates revised downward in new back-series data

Chief Statistician Pravin Srivastava said the methodology and concepts incorporated to arrive at the back-series data were consistent with international standards.
Business3 weeks ago

ICICI Bank to grow retail loan portfolio in TN to Rs 13,000 crore

Chennai, Nov 28: Private sector ICICI Bank Ltd will grow its retail loan by 40 per cent in Tamil Nadu, said a senior official. Speaking to reporters...
Business3 weeks ago

Equity market advances for 3rd straight session led by IT stocks

Mumbai, Nov 28: The benchmark S&P BSE Sensex advanced 200 points on Wednesday extending gains for the third straight session led by healthy buying in IT...
Business3 weeks ago

Sensex ends up 160 points, financial stocks flat

Mumbai, Nov 27: The key equity indices advanced for a second straight session on Tuesday, as a precipitous fall in global crude oil price has boosted...
Business3 weeks ago

Sensex rises 373 points, Nifty settles above 10,600

Mumbai, Nov 26: India’s benchmark stock indices advanced about 1 per cent on Monday, as investors stepped up equity purchases after a string of declines last...
Business3 weeks ago

Microsoft surpasses Apple to become most valuable US company

San Francisco, Nov 24: Microsoft has become the most valuable US company with $753.3 billion in market capitalisation, riding past Apple for the first time since...
Business3 weeks ago

Sensex continues its losing streak, falls 800 points in three days

Mumbai, Nov 22: India’s key equity indices surrendered the gains, extending losses for a third straight session on Thursday amid uncertainity due to the ongoing state...
Business4 weeks ago

Sensex down 220 points, Nifty at 10,605

Mumbai, Nov 21: The benchmark equity index S&P BSE Sensex traded over 220 points lower on Wednesday afternoon after a sell-off in the US market. But...
Business4 weeks ago

Infosys to create 1,200 jobs in Australia by 2020

Bengaluru, Nov 21: Software major Infosys on Thursday said it will be creating 1,200 jobs and opening three innovation hubs in Australia by 2020 to reduce...
Business4 weeks ago

Sensex falls 300 points on weak global cues

Mumbai, Nov 20: India’s benchmark stock indices followed their Asian peers lower on Tuesday, after an overnight slump on the Wall Street led by technology stocks. The...
Startups News4 weeks ago

Indian social impact startups growing at 20%: Nasscom

New Delhi, Nov 20: Social impact startups in India are growing at an annual rate of 20 per cent and currently there are over 400 such startups...
Business4 weeks ago

Sensex jumps amid bets of RBI-government truce

Mumbai, Nov 19: Key equity indices jumped amid bets the government and the Reserve Bank of India will bury their differences at a crucial central bank...
Business4 weeks ago

Nissan Chairman Carlos Ghosn arrested over corruption charges

Tokyo, Nov 19: Nissan Chairman Carlos Ghosn has been arrested over corruption charges in Tokyo. Earlier on Monday, the Japanese automaker said that Ghosn had used company...
Business4 weeks ago

IITF 2018: Exhibitors rue lack of space, facilities

New Delhi, Nov 17: Space constraints and lack of basic facilities have left traders and exhibitors at the annual India International Trade Fair (IITF) disappointed as the...
Business4 weeks ago

Zomato appoints Chaitanya Mathur as Global Head for its new event-driven vertical

New Delhi, Nov 16: Food ordering app Zomato on Friday appointed Chaitanya Mathur as the Global Head for Zomato Live — latest event-driven vertical of the firm. ...
Business4 weeks ago

India Inc investment in foreign ventures falls 10% in Oct: RBI

Mumbai, Nov 16: Indian companies’ investment in their overseas ventures continued to be less than the year-ago period for the 19th month in a row as it...
Business4 weeks ago

Sensex gains nearly 200 points; telecom stocks rise

Mumbai, Nov 16 (IANS) Broadly positive global markets, healthy macro-economic trade data and a slight recovery in the rupee aided the barometer S&P BSE Sensex to...
Business1 month ago

Microsoft buys conversational AI and bot development company

San Francisco, Nov 16: Microsoft has announced to acquire a conversational Artificial Intelligence (AI) and bot development company XOXCO for an undisclosed sum. Texas-based XOXCO has been...
Analysis1 month ago

Invest in Augmented Intelligence for digital transformation: Gartner analyst

Gartner predicts that by 2023, 50 per cent of major enterprises will use digital twins of the organisation in combination with digital business platforms.
Business1 month ago

India’s WPI inflation rises to 5.28% in Oct

New Delhi, Nov 14: India’s annual rate of inflation based on wholesale prices increased to 5.28 per cent in October from 5.13 per cent in September, according...
Business1 month ago

Lower food prices ease India’s October retail inflation

New Delhi, Nov 12: Lower food prices eased India’s October retail inflation to 3.31 per cent from a rise of 3.70 per cent in September, official data...
Business1 month ago

Tata Group’s total investment in Odisha to cross Rs 1 lakh cr soon

Bhubaneswar, Nov 12: Tata Group’s total investment in Odisha will soon cross Rs one lakh crore, said its Chairman N. Chandrasekaran here on Monday. For the...
Business1 month ago

Equity indices erase gains ahead of key data release; crude prices rebound

New Delhi, Nov 12 : The key Indian equity indices pared their initial gains to trade marginally lower during the afternoon session on Monday, as investors...
Business1 month ago

Sensex down 100 points, rupee gains 30 paise

Mumbai, Nov 9: Despite a strong rebound in the domestic currency and continued decline in crude oil prices, the key equity indices — S&P BSE Sensex and...
Business1 month ago

Sensex ekes out gains to end just shy of 35,000-mark; Nifty flat

Mumbai, Nov 6: Mixed global cues and a recovery in the domestic currency helped the S&P BSE Sensex eke out meagre gains, ending the day just...
Business1 month ago

SBI’s Q2 standalone net profit declines over 40% on year

Mumbai, Nov 5: State Bank of India on Monday reported more than40 per cent on-year decline in its standalone net profit for the quarter ended September...
Business1 month ago

Weak rupee, Asian markets pull key indices lower

Mumbai, Nov 5 : A weak rupee, along with broadly negative Asian markets and profit booking, pushed the key Indian equity indices in the red on...
Business1 month ago

Geopolitical issues, Q2 results to set equity market course

Mumbai, Nov 4: With the impending US sanctions on Iran, as also the ongoing quarterly earnings season and the upcoming festival of Diwali, the Indian equity market...
Business1 month ago

Domestic indices gain amid hopes of ease in trade tension

Mumbai, Nov 2: Key domestic indices ended the day’s trade on Friday after registering sharp gains over signs of easing trade tensions between the US and...
Business1 month ago

Privacy is human right, says Satya Nadella

London, Nov 2: Microsoft CEO Satya Nadella has called on technology companies to defend users’ privacy as human right, urging firms and governments to collectively work together...
Business1 month ago

Sensex ends flat in choppy trade, rupee gains

Mumbai, Nov 1: India’s barometer indices ended largely flat in Thursday’s trade marked by volatility, as investors remained cautious ahead of a key economic data and as...
India2 months ago

India ranks at 77 in World Bank’s ‘Ease of doing business’ index

New Delhi, Oct 23: India attained 77the position in the World Bank’s ‘Ease of doing business’ index. India has recorded a jump of 23 positions against...
Business2 months ago

Sensex jumps 550 points, Nifty above 10,300

Mumbai, Oct 31: Riding on firm global cues, the domestic markets ended higher on Wednesday, as the key equity indices — S&P BSE Sensex and Nifty50...
Business2 months ago

With 2.27 bn users, Facebook revenue hits $13.5 bn in Q3

San Francisco, Oct 31: Facebook reported $13.5 billion in revenue with a net income of $5.1 billion ($1.76 per share) in the third quarter that ended...
Business2 months ago

Weak rupee, caution over Q2 results dent indices; banking stocks plunge

Currency-wise, the rupee closed at Rs 73.68 to a US dollar from its previous close of 73.44. Brent crude, the benchmark oil price, eased to around...
Business2 months ago

Sensex, Nifty surge over 2% on value buying

Mumbai, Oct 29: The Sensex on Monday spurted over 700 points to scale the 34,000-mark, as investors boosted purchases after a string of declines had taken the...
Business2 months ago

IBM acquires Red Hat for $34 billion, aims to lead Hybrid Cloud space

San Francisco, Oct 29: In a strong signal to dominate the emerging $1 trillion Hybrid Cloud market, tech major IBM has announced to acquire Open Source Solutions...
India2 months ago

PM Modi invites Japanese businessmen to invest in India

Tokyo, Oct 29: Prime Minister Narendra Modi on Monday invited Japanese businessmen to engage more with India to boost up the investment process in New Delhi. “I...
Business2 months ago

Stocks mark 2nd weekly fall in a row amid fund outflows

For the week ended October 26, the S&P BSE Sensex lost 966.32 points, or 2.81 per cent, to close at 33,349.31.
Business2 months ago

Negative global cues pull equity indices 1% lower

Mumbai, Oct 26: Negative global cues, along with a depreciating domestic currency, pulled the Sensex down by 340 points on Friday and the NSE’s Nifty50 closed slightly...
Business2 months ago

India’s April-September deficit crosses 95% of target

New Delhi, Oct 25 : India’s budgetary fiscal deficit for the April-September period at Rs 5.95 lakh crore accounted for 95.3 per cent of the full...
Business2 months ago

Sensex falls 343 points on weak global cues

Mumbai, Oct 25: Indian equities fell on Thursday, as a global sell-off and an uptick in crude oil prices unnerved investors. The decline was led by...
Business2 months ago

Cloud, gaming growth helps Microsoft log $29.1 bn in revenue

Redmond (US), Oct 25: Riding on its growing Cloud, gaming and Surface laptop portfolio, Microsoft has posted a revenue of $29.1 billion and net income of...
Business2 months ago

Wipro takes onboard former banker Arundhati as director

Arundhati, 62, recently also joined Reliance Industries Limited (RIL) as an independent director.
Business2 months ago

Sensex rises 187 points on global cues, lower crude prices

Mumbai, Oct 24: India’s benchmark Sensex bucked a 4-day losing streak on Wednesday, taking cues from global peers and as international crude oil prices retreated, boosting...
Business2 months ago

Cyrus Mistry launches new global venture

New Delhi, Oct 24: Business magnate Cyrus P. Mistry on Wednesday announced the launch of a new global enterprise, Mistry Ventures LLP, to provide strategic insights...
Business2 months ago

Adani Ports Q2 net profit at Rs 614 cr falls 38%

Total revenue for the quarter in consideration, slipped by Rs 39.8 crore to Rs 2,922.32 from Rs 2,962.12 in the same period last year.
Business2 months ago

Q2 results, global cues subdue indices; Sensex sheds 290 points

Mumbai, Oct 23: Mixed second quarter results, combined with negative global cues and concerns over a liquidity crisis in the NBFC sector, subdued the key domestic...
Business2 months ago

Xiaomi leads India smartphone shipments in Q3 2018: Counterpoint

New Delhi, Oct 23: With a 27 per cent market share, Chinese handset maker Xiaomi dominated India smartphone shipments in the third quarter of this year,...
Business2 months ago

Energy stocks, rupee subdue equity indices; Sensex 180 points down

Mumbai, Oct 22: Key domestic equity indices provisionally closed on a negative note on Monday, as heavy selling pressure in energy sector stocks weighed on investors’...
Blog2 months ago

A library run by industrial workers means world of change for children

Messages from martyrs like Bhagat Singh, Safdar Hashmi and others adorn the walls of the library. "Behtar zindagi ka raasta behtar kitaabon se hokar jaata hai"...
Analysis2 months ago

Liquidity worries, Q2 results to chart stock market’s course

The liquidity availability to the sector has become a concern after the default by some of the IL&FS Group companies.
Auto2 months ago

Honda Activa breaches 2 cr sales mark in India

New Delhi, Oct 17 : Hondas Activa scooter has breached the 2-crore sales mark in India, Honda Motorcycle and Scooter India said on Wednesday. According to...
Business2 months ago

Sensex sheds 382 point over profit booking, crude oil prices

Mumbai, Oct 17: Profit booking, along with a slight rise in global crude oil prices and depreciation in the Indian rupee, pulled the key Indian equity...
Business2 months ago

LinkedIn partners with Oracle to help HR teams attract right talent

New Delhi, Oct 17: Cloud major Oracle on Wednesday said it entered into a partnership with professional networking platform LinkedIn to help HR teams attract, engage...
Business2 months ago

Sensex opens 140 points up, Nifty at 11,550

Mumbai, Oct 16: The 30-scrip S&P BSE Sensex on Tuesday opened in the positive territory tracking similar cues from its Asian peers. Healthy buying was witnessed in...
Business2 months ago

Sensex rises 130 points, Nifty settles above 10,450-mark

Mumbai, Oct 15: Key equity indices reversed initial losses to end higher, as global crude oil prices eased and as investors cheered lower-than-expected gains in wholesale...
Business2 months ago

India’s September wholesale inflation rises to 5.13%

New Delhi, Oct 15: India’s annual rate of inflation based on wholesale prices increased to 5.13 per cent in September from August’s 4.53 per cent, official...
Business2 months ago

Rupee slumps 36 paise to 73.93 against US dollar

Mumbai, Oct 15: The Indian rupee dropped 36 paise to 73.93 against the US Dollar in early trade on Monday, breaking its three-day recovery trend, as...
Auto2 months ago

Base effect, fuel prices dent September passenger vehicles’ sales

The off-take of the sub-segment such as passenger cars dipped by 5.57 per cent during the month under review to 197,124 units.
Business2 months ago

Key equity indices rebound; Sensex ends 730 points up

Mumbai, Oct 12: Key equity indices gained over two per cent to close above 34,700-mark on Friday, rebounding from the losses made after widespread global sell-off...
India2 months ago

INX case: ED attaches Rs 54 cr of Karti Chidambaram’s properties in India and abroad

New Delhi, Oct 11: The Enforcement Directorate on Thursday said that it has attached properties worth Rs 54 crore of former Union Finance Minister P. Chidambaram’s...
Business2 months ago

Global slide, rupee dent domestic indices; Sensex down by over 800 points

Mumbai, Oct 11: A massive slide in global stock markets, along with a weak rupee plunged the key domestic equity indices during the morning trade session...
Business2 months ago

Rupee slips to new low, touches 74.46 against US Dollar

Mumbai, Oct 11: The Indian rupee slipped to a fresh record low of 74.46 to a US dollar during the morning session on Thursday. It opened...
World2 months ago

China seeks India’s cooperation amid trade war with US

New Delhi, Oct 10: China and India need to deepen their cooperation to fight trade protectionism, the Chinese Embassy here said on Wednesday, as it accused the...
Business2 months ago

Markets open on high note

Mumbai, Oct 10: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade. The Sensex of the BSE...
Business2 months ago

Sensex reverses gains to end 170 points lower on weak rupee

Mumbai, Oct 9: India’s key equity indices reversed the day’s gains to end lower, as the domestic currency touched a new low against the US dollar....
Business2 months ago

Rupee slips to new low, touches 74.27 to USD

Mumbai, Oct 9: The Indian rupee slipped to a new low of 74.27 to a US dollar during the mid-afternoon session on Tuesday. Around 1.25 p.m.,...
Business2 months ago

Value buying, Q2 expectations buoy equity indices; Sensex up 100 points

Mumbai, Oct 8: Mumbai, Oct 8: The key equity indices closed in the green on Monday on the back of value buying after last week’s heavy declines...
Business2 months ago

After excise cut, fuel prices again on upswing

New Delhi, Oct 7 : Petrol and diesel prices witnessed an increase across the four metro cities on Sunday, two days after the government announced an...
Business2 months ago

Market Review: Oil, rupee unleash bears, mow down equities

Mumbai, Oct 6: A free-fall in rupee value coupled with high crude oil prices, along with a massive outflow of foreign funds, dragged the key domestic...
Business2 months ago

Indices plunge post RBI policy decision; Sensex down nearly 800 points

Mumbai, Oct 5: The key Indian equity indices crashed by over two per cent on Friday as the Reserve Bank of India (RBI)’s changed policy stance from...
Business2 months ago

SC: ArcelorMittal, NuMetal can bid for Essar Steel after clearing debt

We give one more opportunity to ... (NuMetal and ArcelorMittal ) ... to pay off the NPAs of their related corporate debtors within a period of...
Business2 months ago

Assessing IL&FS financial situation, searching viable solutions: Kotak

"This is a process which is under NCLT process, which is a process independent of...at this stage, in terms of having more detailed discussion with the...
Politics2 months ago

Bring oil back to 2014 prices, Congress dares Modi

This price reduction is a panic reaction. If the government is serious, it should have withdrawn the excise hike of 211 per cent on petrol and...
Business2 months ago

Sensex tanks over 800 points on rate hike fears, downhill rupee

Mumbai, Oct 4: Caution ahead of a likely hike in key lending rates by the Reserve Bank of India (RBI), along with a weak rupee and high...
Business2 months ago

Chanda Kochhar quits ICICI Bank

Mumbai, Oct 4 : ICICI Bank said on Thursday that its CEO, Chanda Kochhar, has quit the company. “The Board of Directors of ICICI Bank Limited,...
Business2 months ago

SC allows ArcelorMittal, NuMetal to bid for Essar Steel once dues cleared

New Delhi, Oct 4: The Supreme Court on Thursday gave two weeks time to NuMetal and ArcelorMittal to clear their corporate dues and become eligible to bid...
Business2 months ago

Apple world’s top brand, Facebook slips to 9th spot: Report

San Francisco, Oct 4: Apple displaced Google to become the top brand in the world in 2018 while Facebook, mired in data breach controversies, fell to...
Business2 months ago

Sensex ends 550 points down on weak rupee, RBI rate hike fears

Mumbai, Oct 3: Amidst a weak rupee and a likely hike in interest rates by the Reserve Bank of India (RBI), the key Indian equity indices closed...
Business3 months ago

Facebook appoints Adam Mosseri as Instagram Head

San Francisco, Oct 2: Facebook has appointed Adam Mosseri, Vice President of Product, as new head of its photo-sharing app Instagram. Mosseri replaces Instagram co-founders Kevin...
Business3 months ago

Paytm tops UPI payments with over 33% market share

New Delhi, Oct 1: Alibaba and SoftBank-backed Paytm on Monday said it registered over 137 million UPI transactions in September, becoming the leading contributor to Unified...
Business3 months ago

Equity indices reverse losses to close higher; Nifty reclaims 11,000

Mumbai, Oct 1: Recovering from the day’s losses the key Indian equity indices settled in the green on Monday, with the S&P BSE Sensex closing 299...
Business3 months ago

IGL hikes CNG, PNG prices; small rise in subsidised LPG

State-run oil marketer, Indian Oil Corporation (IOC), on Sunday also announced a marginal increase of Rs 2.89 per cylinder in the price of subsidised LPG cylinder...
Business3 months ago

Google may pay $9 bn to remain Apple’s default search engine

San Francisco, Sep 29: Google is reportedly paying Apple a whopping $9 billion in 2018 to remain the default search engine for iPhone’s Safari browser on...
Business3 months ago

SBI expects 53% recovery from first list of 12 stressed account

Kolkata, Sep 28: The SBI, which has introduced an “intermediary credit review mechanism”, is expecting a recovery of around 53 per cent of its exposure in the...
Business3 months ago

Equity indices close in red for 3rd straight session

Mumbai, Sep 28: The key Indian equity indices closed in the red for the third consecutive session on Friday as the S&P BSE Sensex dropping nearly...
Business3 months ago

IL&FS Financial Service defaults on payment obligations

Mumbai, Sep 28 (IANS) IL&FS Financial Service (IFIN) has defaulted in payment obligations of bank loans (including interest), term and short-term deposits. According to a BSE...
Business3 months ago

Sensex sheds 218 points, Nifty below 11,000-mark

Mumbai, Sep 27: Key equity indices slipped into the red for the second consecutive session on Thursday as the S&P BSE Sensex closed 218 points down...
Analysis3 months ago

GST has hit the private security industry badly

The industry cannot sustain heavy losses for long and expects positive action from the government -- replacing the existing 18 per cent GST with a five...
Fashion3 months ago

Michael Kors set to acquire Versace for $2.1 billion

London, Sep 26: Popular Fashion designer Michael Kors is all set to acquire the Italian fashion house ‘Versace’ for $2.1 billion. Kors dubbed the purchase as a...
Business3 months ago

SBI to sell 4% stake in SBI General Insurance, post regulatory approvals

Mumbai, Sep 26: Lending major State Bank of India (SBI) will divest four per cent stake in SBI General Insurance company for Rs 481.73 crore post...
Analysis3 months ago

Learning from diversity in regulation

Regulation has an unfortunate, negative connotation to it. It brings to mind an authoritarian image with regards to the government. That is definitely not how it...
Business3 months ago

Sensex slips 160 points after opening in the green

Mumbai, Sep 26: The key Indian equity indices traded on a negative note during the afternoon session on Wednesday after they opened on a positive note, with...
Business3 months ago

Rupee extends losses, nears 73 against Dollar

New Delhi, Sep 25: The Indian rupee slipped in the early trade on Tuesday. It weakened by 33 paise to 72.82 against the US dollar. Indian Rupee...
Business3 months ago

Key equity indices open in red

Mumbai, Sep 25: The key Indian equity indices opened on a negative note on Tuesday, owing to a weak rupee and rising crude oil prices. At...
Business3 months ago

Dena Bank board okays merger with Bank of Baroda, Vijaya Bank

Mumbai, Sep 24 : The Dena Bank board on Monday approved the merger proposal with Bank of Baroda and Vijaya Bank proposed by the government last...
Business3 months ago

Sensex ends 536 points lower, Nifty below 11,000-mark

Mumbai, Sep 24: Slump in the financial stocks along with a weak rupee and high crude oil prices dragged the S&P BSE Sensex down 536 points on...
Business3 months ago

Sensex swings 1,500 points, closes 280 points lower

Mumbai, Sep 21: High volatility, following a likely credit crisis in the infrastructure lending and development sector, dragged the market in the red, with the S&P...
Business3 months ago

Man finds insect in cake at Ikea Hyderabad store, Tweets video

Hyderabad, Sep 21: Swedish furniture major IKEA’s first ever store in India in Hyderabad has again landed in controversy. Weeks after a customer had complained about finding a...
Business3 months ago

This Alibaba robot will serve in China’s hotels soon

Hangzhou (China), Sep 20: China’s e-tail giant Alibaba on Thursday unveiled a robot that will serve guests in the country’s hotels soon. Smart logistics by Alibaba…...
Business3 months ago

Weak global cues subdue equity indices; banking stocks down

Mumbai, Sep 19: Weak global cues on the back of escalation in trade tensions subdued equity indices during the afternoon trade session on Wednesday. Although, the...
Business3 months ago

Equity indices end in red for second straight session

Mumbai, Sep 18: The key Indian equity indices provisionally closed in the negative territory for the second successive day on Tuesday, with the S&P BSE Sensex...
Business3 months ago

Global trade tensions dent rupee; closes at 72.98

New Delhi, Sep 18: The latest global trade protectionist measures, along with high crude oil prices, dragged the Indian rupee to a fresh low of 72.98...
Business3 months ago

Merger of BoB, Vijaya, Dena banks in 4-6 months: BoB MD

New Delhi, Sep 17 (IANS) As the government on Monday proposed amalgamation of Bank of Baroda (BoB), Vijaya Bank and Dena Bank into the country’s third-largest...
Business3 months ago

Sensex plunge over 500 points on weak global cues

Mumbai, Sep 17: The key Indian equity indices provisionally closed deep in the red on Monday, as the S&P BSE Sensex lost more than 500 points...
Business3 months ago

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Oil prices, interest rates to put pressure on India’s fiscal deficit: Moody’s

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Mumbai, Aug 29: The Indian rupee plunged to a fresh record low of 70.55 against US dollar during the noon-trade session on Wednesday. Around 12.30 p.m. the...
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Equity indices end in red on global cues, weak rupee

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Flipkart acquires speech recognition start-up Liv.ai

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Nifty sets new closing high on firm global cues; Sensex ends near 38,000

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Rupee appreciates marginally; still below 70 per dollar mark

Mumbai, Aug 17: The Indian rupee appreciated marginally during the morning hour of the trade session on Friday after settling at a record low closing level in...
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Nifty sets new closing high on firm global cues; Sensex ends near 38,000

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Rupee devalues to record low beyond 70.20

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Rupee hits record low of 70.08 against US dollar

New Delhi, Aug 14: Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low...
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Macro-data, global cues push equity indices higher

Mumbai, Aug 14: Positive macro-economic inflation data along with supportive Asian stock exchanges pushed the key indices of the Indian equity market higher during the morning trade...
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India’s July retail inflation eases to 4.17%

New Delhi, Aug 13: Lower food prices decelerated the pace of India’s retail inflation in July to 4.17 per cent from a rise of 4.92 per cent...
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Samsung or Xiaomi, Who’s leader of smartphone market in India?

New Delhi, Aug 13: Smartphone users in India are a confused lot after market research firm International Data Corporation (IDC) on Monday crowned Chinese smartphone maker Xiaomi...
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Global cues, weak rupee depress equity indices; rupee hits fresh low

Mumbai, Aug 13: Broadly negative global cues along with weakness in the Indian rupee and caution ahead of the release of macro-economic inflation data point subdued the...
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IndianOil’s Q1 consolidated net profit up 51% to Rs 7,175 cr

Mumbai, Aug 11 (IANS) State-run Indian Oil Corporation (IndianOil) on Saturday posted a consolidated net profit of Rs 7,175.59 crore, up 51 per cent year-on-year, for...
Business4 months ago

Facebook’s Blockchain Head quits Coindesk

San Francisco, Aug 11: David Marcus, Facebook’s new Blockchain Research Head, has stepped down from the board of directors at cryptocurrency exchange Coinbase, the media reported. According...
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Nadella nets $36 mn after selling 30% of his Microsoft stock

San Francisco, Aug 11: Microsoft CEO Satya Nadella netted $35.9 million after selling around 30 per cent of his common shares in the company, the media reported....
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Negative global cues subdue equity indices

Mumbai, Aug 10: Geo-political concerns over global protectionist measures along with profit booking dragged the Indian equity market in the red on Friday. Other key factors such...
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IKEA’s first India store attracts 40,000 customers on first day

Hyderabad, Aug 10: The world’s leading Swedish home furnishings retailer ”IKEA” received a huge response from Indian customers on the opening day. About 40,000 people visited Ikea’s first India...
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Sensex mounts 38k points, Nifty at record high

Mumbai, Aug 9: The benchmark equity index — S&P BSE Sensex — crossed the 38,000-points mark during the mid-afternoon trade session on Thursday. According to market observers,...
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Ikea launches its first India store in Hyderabad

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Equity indices hit fresh highs; auto, metal stocks up

Mumbai, Aug 7: The key Indian equity indices on Tuesday touched fresh record levels for the second straight day with healthy buying in auto and metal stocks....
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Sensex, Nifty settle at record closing levels; banking stocks surge

Mumbai, Aug 6: The key Indian equity indices — S&P BSE Sensex and NSE Nifty50 — settled at their record closing levels on Monday driven by...
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Sensex, Nifty rise over 1%; banking, consumer durable stocks surge

Mumbai, Aug 3: The key Indian equity indices — S&P BSE Sensex and NSE Nifty50 — rose over one per cent on Friday supported by a healthy...
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Apple hits record market cap of $1 trillion

New York, Aug 3 (IANS) Apple on Thursday became the first publicly traded US corporation to reach a market capitalization of $1 trillion, beating other tech...
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GST on petroleum products only after revenue stabilises, says Sushil Modi

Kolkata, Aug 2: Bihar Deputy Chief Minister and GST Council’s member Sushil Modi on Thursday said the Council can think of bringing the petroleum products under...
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Global cues, RBI’s lending rate cuts subdue equity indices; Sensex falls 350 points

Mumbai, Aug 2: Broadly negative global cues along with disappointment over the RBI’s lending rate hike and profit booking dragged the key Indian equity indices — NSE...
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JioPhone leads Indian mobile market, gives birth to ‘Fusion’ segment

New Delhi, Aug 2: Reliance Retail’s JioPhone emerged as a clear leader in the Indian mobile handset market with 27 per cent share in the second quarter...
World5 months ago

US Fed leaves interest rates unchanged amid trade concerns

Washington, Aug 2 (IANS) The US Federal Reserve on Wednesday left key interest rates unchanged amid concerns about trade tensions between the United States and its...
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7 Indian firms in Fortune 500 list, IOC tops, RIL up 55 ranks

Mumbai, Aug 1 (IANS) Seven Indian companies feature in the US magazine Fortune 500 list of the world’s largest firms, with state-run Indian Oil Corp (IOC)...
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RBI rate hike, PMI data subdue equity indices

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GST collection rises to Rs 96,483 crore

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Samsung leads global smartphone market, Huawei pips Apple

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Cotton textile exporters demand tax refund on inputs already acquired

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Business5 months ago

Hopes of steady monetary policy, Q1 results lift equity indices

Mumbai, July 31: Healthy quarterly earnings results and expectations of a dovish monetary policy aided the key Indian equity indices to pare their initial losses and end...
Business5 months ago

Nokia gets $3.5 bn T-Mobile 5G contract

Madrid, July 31 (IANS) Nokia Corp. on Monday said that it has been awarded a $3.5 billion contract from T-Mobile US Inc. to accelerate the deployment...
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Equity indices settle at record levels; Sensex ends near 37,500 mark

New Delhi, July 30: Domestic equity indices continued to set new benchmarks on Monday and settled at their record closing levels, supported by healthy quarterly earnings....
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Reliance Energy sale to ATL will be completed next week

Mumbai, July 3: Reliance Infrastructure Ltd announced on Monday that the transaction for the sale of its integrated Mumbai power distribution business to Adani Transmission Ltd (ATL)...
Business5 months ago

Sensex, Nifty continue to climb new highs; consumer durables, FMCG stocks rise

Mumbai, July 27 : The bull run in the domestic equity indices continued on Friday, with both the S&P BSE Sensex and the NSE Nifty50 climbing...
Business5 months ago

Healthy results, strong rupee lift indices to record levels

Mumbai, July 26: Key Indian equity indices — S&P BSE Sensex and the NSE Nifty50 — settled at new record closing levels on Thursday as healthy...
India5 months ago

CBI seeks details on whereabouts of Choksi from Antiguan authorities

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Business5 months ago

Equity markets open on high note

Mumbai, July 25: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade. The Sensex of the BSE...
Business5 months ago

Sensex hits fresh high; banking stocks rise

Mumbai, July 24: The benchmark BSE Sensex touched a new record high of 36,869.34 points on Tuesday morning with healthy buying in banking, consumer durables, and metal...
Business5 months ago

Rs 786 cr textile unit coming up in Karnataka’s Chamarajnagar

Bengaluru, July 23 (IANS) Karnataka Heavy Industries Minister K.J. George on Monday said the state government would assist Sutlej Textiles Ltd in setting up its unit...
Business5 months ago

Sensex hits record high as GST cuts boost sentiments; banking, FMCG stocks rise

Mumbai, July 23: The benchmark BSE Sensex hit a fresh all-time high of 36,749.69 points towards the fag end of trade on Monday led by healthy buying...
Business5 months ago

GST on refrigerators, washing machine reduced to 18%

New Delhi, July 21 : In a relief for common man, the GST Council on Saturday reduced tax rates on over 50 items including refrigerators, washing...
Business5 months ago

HDFC Bank net profit up 18.2% in Q1

Mumbai, July 21: HDFC Bank on Saturday reported a 18.2 per cent increase in its net profit to Rs 4,601.4 crore during the quarter ended June 30...
Business5 months ago

Market Review: Inflation rate, no-turst vote keep equity indices subdued

Mumbai, July 21: Weak global cues, along with higher inflation and a no-trust vote in Parliament, subdued the key Indian indices in the week ended Friday. Weakening...
Business5 months ago

India’s Forex reserves deplete by over $734 mn

Mumbai, July 20 (IANS) India’s foreign exchange (Forex) reserves depleted by $734.5 million during the week ended July 13, official data showed on Friday. According to...
Business5 months ago

Equity indices end in green, Nifty closes over 11,000 mark

Mumbai, July 20: The key Indian equity indices closed in the positive territory on Friday riding on the Central government’s confidence of winning the trust vote in...
Business5 months ago

Weak rupee, global cues depress equity indices; capital goods stocks fall

Mumbai, July 19: Depreciation in the Indian rupee coupled with decline in the global markets subdued the key Indian equity indices on Thursday. According to market observers,...
Business5 months ago

Domestic political uncertainty subdues equity indices

Mumbai, July 18: Domestic political uncertainty in the wake of a no-confidence motion against the central government dragged the equity indices lower on Wednesday. According to market...
Business5 months ago

Government increases sugarcane FRP to Rs 275

New Delhi, July 18: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a Rs 20 per quintal increase in the Fair and Remunerative Price (FRP)...
Business5 months ago

Slide in crude prices lift indices; Nifty regains 11k-mark

Mumbai, July 17: Slide in global crude oil prices along with expectations of fund infusion into public sector banks and value buying lifted the key domestic equity...
Business5 months ago

Adidas to use only recycled plastic by 2024

Berlin, July 17: Global sportswear maker Adidas announced that it has committed to using only recycled plastic by 2024. The pledge to eliminate the use of “virgin”...
Business5 months ago

Asian cues, inflation subdue equity indices; Nifty50 ends below 11,000

Mumbai, July 16: Weak Asian cues and rise in wholesale inflation subdued the key Indian equity indices on Monday, with the wider Nifty50 closing below the 11,000-mark....
Business5 months ago

LIC Board nod for buying 51% stake in debt-ridden IDBI Bank

New Delhi, July 16: The board of state-run Life Insurance Corporation (LIC) on Monday approved the acquisition of up to 51 per cent stake in the government-owned...
Business5 months ago

India’s June wholesale inflation stood at 5.77%

New Delhi, July 16: Wholesale price-indexed (WPI) inflation in India during June stood at 5.77 per cent against 4.43 per cent in the previous month, the Commerce...
Business5 months ago

With Q1 earnings, WPI data scheduled equity indices await eventful week ahead

Market is expecting 19 per cent growth in PAT (profit after tax) for Sensex index stocks and 14.7 per cent for Nifty50 index stocks in Q1,...
Business5 months ago

Market Review: Equity indices surged over 2% this week; Sensex touched new high

Mumbai, July 14: Supportive global cues and a healthy start to the earnings season lifted the key Indian equity indices over 2 percent in the week ended...
India5 months ago

Jaitley should write FB post on who is FM, says Congress

"Inflation reaching 5 to 6 per cent, Index of Industrial Production going down, exports going down from Rs 19 lakh crore to Rs 10 lakh crore.
Business5 months ago

India’s June exports up over 17%, trade deficit soars to $16.6 bn

New Delhi, July 13 (IANS) Indian exports in June at $27.7 billion rose by 17.57 per cent over the same month in 2017. But with higher...
Business5 months ago

Erasing gains equity indices end flat; banking stocks fall

Mumbai, July 13: Shedding all the gains made early in the day, the key Indian equity indices ended flat on Friday weighed down by heavy selling in...
Business5 months ago

Fortis bid won by Malaysia’s IHH Berhad, to invest Rs 4,000 cr

New Delhi, July 13: Fortis Healthcare on Friday said its board has unanimously accepted a binding offer from IHH Healthcare Berhad of Malaysia to invest Rs 4,000...
Business5 months ago

Sensex ends at record closing high; Nifty ends over 11,000 mark

Mumbai, July 12: The BSE Sensex settled at the highest ever closing level on Thursday at 36,548.41 points after touching an intra-day record high of 36,699.53 points....
Business5 months ago

Government to withdraw Rs.6,000-cr worth tax cases

New Delhi, July 12: Following a hike in threshold limit for filing appeals in tribunals, Union Finance Minister Piyush Goyal on Thursday said the central government...
Business5 months ago

RCOM writes to DoT against discriminatory treatment on bank guarantee

New Delhi, July 12: Protesting against the Department of Telecommunications’ (DoT) discriminatory treatment regarding bank guarantee, Reliance Communications (RCOM) has written to the telecom secretary flagging the...
Business5 months ago

Equity indices end flat on weak global cues, trade tensions

Mumbai, July 11: Amid volatility, the key Indian equity indices settled flat on Wednesday tracking weak global cues. Globally, investor sentiments were weighed down by the ongoing...
Business5 months ago

Andhra Pradesh tops ‘ease of doing business’ list

New Delhi, July 10: Andhra Pradesh clinched top position in the Ease of Doing Business rankings, the Commerce & Industry ministry announced on Tuesday. Andhra Pradesh’s...
Business5 months ago

Firm global cues lift equity indices; Sensex ends over 300 points up

Mumbai, July 10: Broadly positive global cues boosted the key Indian equity indices on Tuesday with the BSE Sensex gaining over 300 points higher. According to market...
Startups News5 months ago

Google ‘Launchpad Accelerator’ India chapter to nurture desi startups

New Delhi, July 10: In a bid to nurture Indian startups working in the fields of Artificial Intelligence (AI) and Machine Learning (ML), Google on Tuesday announced...
Business5 months ago

Equity indices end higher on firm global cues; Sensex up 276 points

Mumbai, July 9: Broadly positive global cues along with healthy buying in banking, capital goods and metal stocks lifted the key Indian equity indices on Monday with...
Uncategorized5 months ago

Fuel prices hiked for fifth consecutive day

New Delhi July 9: Petrol and diesel prices on Monday hiked for the fifth consecutive day, according to the Indian Oil Corporation data. Petrol is being...

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