Business

  • KIOCL back in black, reports PBT of Rs 23 crore in Q1

    Bengaluru: Government-owned KIOCL Ltd (earlier known as Kudremukh Iron Ore Company Ltd) on Thursday reported a profit before tax of Rs 23.09 crore during the first fiscal quarter against a loss of…

  • Cummins India reports 17 pc drop in Q1 FY20 PAT at Rs 152 crore

    Pune: Diesel and gas engine major Cummins India has reported a profit after tax of Rs 152 crore in the April to June quarter of current fiscal, down 17 per cent compared…

  • PNB Housing Finance raises fresh Rs 522 cr via ECB route

    New Delhi: PNB Housing Finance Limited (PNBHFL) has raised fresh $75 million (Rs 522 crore) via external commercial borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) Singapore. The company had last month…

  • US stocks close mixed amid trade tensions, earnings

    New York: US stocks ended mixed on Wednesday as investors remained concerned about trade tensions between the US and China. The Dow Jones Industrial Average fell 22.45 points, or 0.09 percent, to…

  • US dollar index edges down alongside declining British pound

    New York: The US dollar index has edged down along with the falling British pound and Canadian dollar. In late New York trading on Wednesday, the euro was up to $1.1214 from…

  • Paytm Money introduces NFO subscription

    Scan any QR code to pay using Paytm

    New Delhi: In a mega-campaign of Rs 200-250 crore, India’s leading digital payment platform Paytm will now allow scanning of any QR code, be it BHIM UPI, Google Pay, from its app…

  • Nifty hovers around 11,880,

    Mumbai: Equity indices swung wildly during early trading on Thursday but mostly remained at near-flat levels as the announcement of repo rate cut of 35 basis points by the Reserve Bank India…

  • Good news for home, car buyers as SBI announces repo rate

    SBI lowers lending rates by 15 bps after 4th straight RBI cut

    Mumbai: The State Bank of India (SBI), the country’s largest lender by assets, here on Wednesday cut the benchmark lending rates by 15 basis points (bps) across tenors, shortly after the Reserve…

  • Markets little changed post-RBI’s 35 bps rate cut

    Mumbai: Sensex and Nifty mostly stayed on usual course post-Reserve Bank of India’s (RBI) fourth consecutive rate cut on Wednesday amid a massive slowdown in the Indian economy. The RBI on expected…

  • RBI cuts repo rate by 35 basis points to 5.4 pc

    Mumbai: The Reserve Bank of India (RBI) on Wednesday cut repo rate for the fourth consecutive time this calendar year to 5.4 per cent from the current 5.75 per cent amid low…

  • GIC to invest Rs 4,400 cr in IRB Infrastructure’s road business

    Mumbai: IRB Infrastructure Developers has signed binding definitive agreements with Singapore’s sovereign wealth fund GIC for a total investment of up to Rs 4,400 crore, including the funding of future construction costs.…

  • Century Real Estate launches the All-New Mobile App

    Bengaluru (Karnataka): Century Real Estate, regarded as one of the oldest and most respected real estate companies in India, today announced the launch of its new app for iOS and Android mobile…

  • Indian rupee weakens further, breaches 70.80 USD mark

    Mumbai: The Indian rupee remained weak, a day after its biggest fall since September 2013, on the back of US-China trade war along with domestic political factors. The Indian rupee weakened to…

  • US dollar rises amid falling safe-haven currencies

    New York: The US dollar rebounded on Tuesday, amid falling safe-haven currencies including the Japanese Yen and the Swiss franc, after China’s central bank said on Tuesday that it would not use…

  • Sensex, Nifty flat ahead of MPC results

    Mumbai: Sensex and Nifty on Wednesday traded on a flat note ahead of the Reserve Bank of India (RBI) policy rates announcement later in the day. The RBI is widely expected to…

  • Markets turn red after opening in green

    Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note but soon entered the negative zone. The Sensex of the BSE opened at 37,025.27 and touched a high of…

  • Equity indices in green ahead of RBI decision on key interest

    Mumbai: Equity benchmark indices were in the positive zone during early trading on Wednesday ahead of the Reserve Bank of India’s monetary policy decision on key interest rates. At 10:15 am, the…

  • Real estate event to be held in Hyd on 24, 25 August

    Real estate event to be held in Hyd on 24, 25 August

    Hyderabad: This real estate event “Game Changers” organised by NAR (National Association of Realtors) India in association with Hyderabad Realtors Association (HRA), Confederation of Real Estate Associates CREA(1) and India School of…

  • MG’s e-vehicle strategy to cause disruption

    New Delhi/Mumbai: One of the world’s largest automobile manufacturers SAIC’s India subsidiary MG Motor plans to replicate the sales dream run of its SUV Hector with its first electric offering — ZS EV…

  • US dollar drops amid growing trade worries

    New York: The US dollar declined as trade concerns persisted around global foreign exchange market, driving up safe-haven currencies including the Japanese yen and the Swiss franc. The dollar index, which measures…

  • Sensex up 200 points, auto, PSU banks gain

    Mumbai: The Sensex and Nifty on Tuesday gained over 200 points during the early trade after it opened in the red amid heightened US-China trade spat and tension in the Jammu and Kashmir…

  • Sensex gains 277 pts on FM’s word to FPIs, rate cut hopes

    Mumbai: Investors cheered the government’s Monday decision to hold discussions with stakeholders over the taxation surcharge on the super-rich category, which has triggered massive outflow of foreign funds. Hopes of further easing…

  • Himachal seeks central funds for airport, rail expansion

    New Delhi: Himachal Pradesh Chief Minister Jai Ram Thakur met 15th Finance Commission Chairman N.K. Singh here on Tuesday and discussed state’s priorities and need for funds for upgradation of airport connectivity infrastructure…

  • Jeff Bezos loses world's richest man title to Bill Gates

    Jeff Bezos cashed in another $990 mn Amazon shares

    San Francisco: After cashing in $1.8 billion worth of the Amazon shares over the last three days of July, Amazon Founder and CEO Jeff Bezos has now sold Amazon shares worth $990 million…

  • Oil prices up 10% as attack on Saudi facilities disrupts output

    Slowdown enters oil track: Oil consumption, imports decline

    New Delhi: The oil sector seems to be latest addition to the list of sectors facing stress due to the ongoing economic slowdown. For the first time in many months, both oil demand…

  • Kerala-Tourism-

    Tourist arrivals in Kerala grow by 14% in second quarter

    Thiruvananthapuram: Tourist arrivals in Kerala in the second quarter of 2019 has grown by 14.81 per cent as against the figures of the corresponding period in the previous year, Kerala Tourism said on…

  • Worry in India as cotton prices take a hit

    NEW DELHI: In the ongoing trade war between China and the US, cotton prices have taken a hit of more than 32 per cent in the international market in the past one…

  • Udaipur set to host India’s largest education Brainstorm

    New Delhi: The third edition of India’s largest education brainstorming event, the ScooNews Global Educators Fest (SGEF) will be held on August 09 and 10 in Udaipur- the City of Lakes. It…

  • Sensex takes a sharp plunge, Nifty PSU banks down over 4 pc

    Mumbai: Equity benchmark indices were on a weak note during early hours on Monday mainly due to negative global cues. On the other hand, authorities stepped up security in tensed Jammu and…

  • Sensex loses 580 points in early trade

    Mumbai: The benchmark Sensex fell over 580 points on Monday over sustained outflow of foreign funds and poor global investor sentiments. Global markets came under further stress after China vowed to respond…

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