Business

  • ‘GST shortfall may force RBI surplus use to meet fiscal deficit’

    Mumbai: The transfer of Reserve Bank of India (RBI) surplus will only give marginal relief, while risk to the fiscal remains on account of the expected shortfall in Goods and Services Tax…

  • Rafael expands operations in India

    Rafael expands operations in India

    Hyderabad: Astra Rafael Communication System (ARC), a Joint Venture between Astra Microwave Pvt Ltd and RAFAEL Advanced Defense Systems Ltd. of Israel, inaugurated their state-of-the-art facility at Hardware Technology Park in Hyderabad…

  • Droom launches electric wheelchairs

    Droom launches electric wheelchairs

    Gurugram: In a bid to enable freedom of transportation and access to mobility, Droom, India’s online automobile transactional marketplace, has launched an electric wheelchairs category on its platform. Along with the electric wheelchair, Droom…

  • NCDRC directs Unitech to refund Rs 1 Crore to two buyers

    New Delhi: The National Consumer Disputes Redressal Commission (NCDRC) on failing to hand over the possession of the apartments despite six years, has directed the real estate giant Unitech Limited to refund…

  • Twitter reacts after RBI okays ₹1.76 trillion to govt

    Twitter erupts in anger after Reserve Bank of India announced its decision to transfer 1.76 trillion rupees to government this fiscal. The Central Board of the Reserve Bank of India (RBI) on…

  • RBI board okays transfer of Rs 1.76 lakh cr to govt

    Mumbai: The Central Board of the Reserve Bank of India (RBI) on Monday accepted the Bimal Jalan panel recommendations and decided to transfer Rs 1.76 lakh crore in dividend and surplus reserves to…

  • Chinese shares open higher; yuan weakens

    Beijing: Chinese stocks opened higher on Tuesday, with the benchmark Shanghai Composite Index up 0.56 per cent to open at 2,879.52 points. The Shenzhen Component Index opened 0.68 per cent higher at…

  • US dollar rises as risk appetite grows

    New York: The US dollar rose in the late trading against Japanese yen and Swiss franc amid investors’ growing risk appetite. In late New York trading on Monday, the euro fell to $1.1097…

  • US stocks close higher amid trade hopes, mixed data

    New York: US stocks closed higher on Monday, kicking off the week in an upbeat note, as investors remained hopeful for the possible easing of US-China trade dispute and digested mixed data…

  • ‘Auto sector’s demand conditions likely to persist

    Mumbai: The subdued demand conditions that led to weak performance by Indian automakers in the first quarter of 2019-20, will likely persist, adding to the challenges from the implementation of stricter emission…

  • Global investors keen on rupee denominated assets: RBI

    Mumbai: Global investors have shown appetite for rupee denominated assets in recent times and this trend needs to be strengthened further by policy nudges, Reserve Bank of India (RBI) Deputy Governor B.P.…

  • Bajaj blames auto sector for slump, mediocre products

    Mumbai: While most auto market players sought government intervention to support the sector, facing slowdown amid falling sales, Bajaj Auto Managing Director Rajiv Bajaj has divergent views and says the slump is…

  • Abolish income tax to eliminate economic crisis: Swamy

    Swamy informed that he is also coming up next month with a book, suggesting steps to spur economic growth. Chandigarh: Batting for abolishing income tax, hiking interest rate on fixed deposits and…

  • Sensex climbs 793 points amid relief measures

    Mumbai: Equity benchmark indices erased early losses on Monday and traded with strong gains in the afternoon trade as investors awaited more government measures to perk up the domestic economy. The market…

  • RBI Board meeting underway, focus on Jalan panel report

    Mumbai: A meeting of the RBI Board is currently underway to consider the Bimal Jalan Committee’s recommendations on the Economic Capital Framework (ECF), or the quantum of reserves the central bank should…

  • Blue Tie Global Pvt. ltd expands to UAE

    Mumbai:  Mumbai-based Blue Tie Global Pvt. Ltd. on Monday announced the launch of its professional networking platform for Android and iOS users in the United Arab Emirates.Founded by entrepreneur brother duo, Kalyan…

  • Sensex gains 375 points, Nifty financial services up 1.7 pc

    Mumbai: Equity benchmark indices recouped early losses around noon on Monday despite global fall. This came after Finance Minister Nirmala Sitharaman announced a slew of measures last week to boost the economy,…

  • Indians becoming poorer, but wealth of MPs, MLAs swells

    Rupee starts the week lower at 71.98 for a US dollar

    Mumbai: The Indian rupee opened the week lower and slipped by 32 paise at 71.98 per dollar in early trade on Monday against its previous close 71.66. The Indian currency rose on…

  • Chinese shares open lower; yuan strengthens

    Beijing: Chinese stocks opened lower on Monday, with the benchmark Shanghai Composite Index down 1.60 percent to open at 2,851.02 points. The Shenzhen Component Index opened 1.93 percent lower at 9,181.71 points,…

  • Sensex opens 663 pts higher after govt boosters

    Mumbai: After what experts termed as a mini-budget on Friday, the markets on expected lines opened on a strong note on Monday. The benchmark Sensex on Monday opened 663 points higher. Finance…

  • Equity indices in the red during early trading, Nifty PSU bank

    Mumbai: Equity benchmark indices were in the negative zone during early hours on Monday despite Finance Minister Nirmala Sitharaman last week announcing a slew of measures to spur the economy, including roll-back…

  • OnePlus’ first R&D centre in Hyderabad

    Hyderabad: Premium smartphone brandOnePlus will start its first research and development facility in the country in Hyderabad on Monday. Pete Lau, founder CEO of OnePlus, TRS president KT Rama Rao and IT…

  • Ind-Ra downgrades realty major Macrotech’s bank loans

    Mumbai: India Ratings and Research (Ind-Ra) has downgraded ratings of Macrotech Developers Ltd (MDL) debt instruments to Ind BBB minus from Ind BBB plus and maintained the outlook as rating watch negative. MDL’s bank loans of Rs…

  • Growth steps, oil prices set to boost equities

    Mumbai: Indian equities along with the rupee which have lately faced headwinds of massive foreign fund outflows along with disappointing quarterly earning results will get a boost via Central government’s policy measures…

  • NASSCOM hosts third edition of design summit in Bengaluru

    NASSCOM hosts third edition of design summit in Bengaluru

    Bangalore: The National Association of Software and Services Companies, (NASSCOM) on Friday hosted the third edition of its ‘Design4India DESIGN SUMMIT’ in Bengaluru. With a focus on connecting the holy trinity of Design, Innovation and Entrepreneurship…

  • Shriram Properties Limited(SPL) launches Phase II

    Bengaluru:  Shriram Properties Limited (SPL), with a history of building quality properties with high standards, has launched yet another affordable residential project with great amenities in Bengaluru. The company has announced the launch of Phase…

  • India to be established as software product nation: Ravi Shankar

    India to be established as software product nation: Ravi Shankar

    Bangalore: The National Association of Software and Services Companies (NASSCOM), on Friday, hosted the Minister of Electronics and Information Technology, Ravi Shankar Prasad at the NASSCOM Warehouse in Bangalore. NASSCOM is extremely…

  • US dollar weakens amid concerns over trade tensions with China

    Washington: The US dollar on Friday (local time) fell sharply amid concerns over country’s recent trade tensions with China which escalated after the latter said it would impose retaliatory tariffs on additional…

  • TVS Motor Company supports flood-affected states across India

    Hosur (Tamil Nadu): TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, today announced their support initiative for flood-affected states across India. As a part of the initiative,…

  • Nirmala Sitharaman comes hard on ‘tax terror’

    New Delhi: Finance Minister Nirmala Sitharaman on Friday said that tax authorities do not have to overreach or harass as the tax targets set in the Budget are well within achievable limits. The…

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