Business

  • What caused RBI to shift from convention on rate cut

    Mumbai: The Reserve Bank of India had raised quite a few eyebrows when it announced an unconventional 35 basis points rate cut during its bi-monthly policy meet earlier this month. RBI Governor…

  • Sensex continues downward slide, Nifty realty dips 6.2 pc

    Mumbai: Equity benchmark indices were in the negative zone during early hours on Thursday in line with global cues as uncertainty continued over the chance of global fiscal stimulus. At 10:15 am,…

  • Amazon starts off its first owned, world’s largest campus in Hyd

    Amazon starts off its first owned, world’s largest campus in Hyd

    Hyderabad: Located in Hyderabad’s financial district, Amazon today inaugurated its largest campus building anywhere in the world, as a continuing reaffirmation of how India continues to be a key market as well…

  • Tata Motors hits 52-week low after scrips fall over 10%

    Mumbai: Amid weakness in the auto sector, a sharp fall was seen in the Tata Motors stocks on Wednesday which slipped over 10 percent, touching its 52-week low. At 2.51 p.m., Tata…

  • Parle cut off 10,000 Workers Amid Economic Slowdown

    Parle may cut up to 10,000 jobs

    Biscuits and confectionery firm Parle Products Pvt Ltd on Tuesday said it may lay off almost 10,000 employees, a report in the Economic Times stated. -Economic Slowdown- A sharp drop in the sales of…

  • FPIs buy Rs 31,700 cr equities in Q1: Kotak

    Mumbai: Foreign Portfolio Investors (FPIs) bought equities worth Rs 31,700 crore in the quarter ended June 2019, broking firm Kotak Securities estimated. Diversified financials, insurance, oil, gas and consumable fuels and telecommunication…

  • Voda-Idea loss triggers Rs 21.5K cr m-cap loss in Birla firms

    Mumbai: The unabated losses at Vodafone-Idea are eroding the value of other Aditya Birla Group firms, whose combined m-cap declined by a whopping Rs 21,431 crore on August 20, days after the…

  • Tokyo stocks close lower on US losses

    Tokyo: Tokyo stocks fell on Wednesday, tracking losses on Wall Street as investors locked in profits following a three-session winning streak. The benchmark Nikkei 225 index slid 0.28 percent, or 58.65 points,…

  • NSE revises criteria for inclusion of stocks in Nifty indices

    Mumbai: The National Stock Exchange (NSE) of India Ltd has revised the eligibility criteria for inclusion of stocks in the Nifty indices. Currently, only stocks that are listed at the NSE are…

  • UK economy avoids recession with 0.3% quarterly growth

    Slowdown slayer: PSBs to suggest steps to boost economy

    Mumbai/New Delhi: In a bid to shield India Inc from the headwinds emanating from the ongoing general economic slowdown, the Central government has asked Public Sector Banks (PSB) to recommend ways to…

  • Sensex, Nifty flat, Yes Bank down 3%

    Mumbai: The Sensex and Nifty on Wednesday traded on a flat note awaiting a stimulus package from the Union government. The Sensex opened slightly lower at 37,298.73 from its Tuesday’s close of…

  • Equities flat in lacklustre trading, metal stocks lose shine

    Mumbai: Equity indices were flat during early hours on Wednesday tracking global cues but auto stocks showed some gains. At 10:15 am, the BSE S&P Sensex was up by 34 points at…

  • Dollar falls amid declining US Treasury yields

    New York: The dollar decreased on Tuesday, as long-term US Treasury yields retreated again, raising worries over potential economic slowdown.The dollar index, which measures the greenback against six major peers, decreased 0.17…

  • SBI aims for card-less withdrawal, eliminate debit cards

    Mumbai: Indian Government’s largest lender SBI is planning to eliminate debit cards from the banking system and instead promote more digital payment solutions like it’s own ‘Yono’ platforms. “…it is our wish to…

  • SBI waives processing fee on car loans, lowest interest rates

    Mumbai:  State Bank of India (SBI), the country’s largest lender, on Tuesday announced processing fee waiver on car loans during the upcoming festival season in a bid to boost car sales. The…

  • DA raised to 17%, to benefit 50 lakh govt employees

    Environmental clearance for real estate projects in 60 days now

    New Delhi:  Environmental clearance for real estate projects will soon be reduced to 60 days, Union Environment and Forests Minister Prakash Javadekar said on Monday.Speaking at the 15th national convention of the…

  • Zomato

    FHRAI joins chorus against online food apps, threatens protests

    As online food aggregators faced the heat from offline restaurants under the National Restaurant Association of India (NRAI), the Federation of Hotel and Restaurant Associations of India (FHRAI) has joined the chorus,…

  • RBI chief cautions of headwinds in credit, financial markets

    Mumbai Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday warned of headwinds to the financial stability coming from the credit as well as the financial markets. “The headwinds to financial stability…

  • Recession likely in 12 months, says BofAML survey

    Mumbai: After Morgan Stanley, Bank of America Merrill Lynch (BofAML) has on Monday on the basis of a survey of fund managers said a recession is imminent. One-third of those surveyed by…

  • Zomato

    Stop #logout campaign, Zomato’s Goyal urges in tweetstorm

    New Delhi:As hundreds of restaurants delisted from online food aggregators’ platform across the country, Zomato’s Founder Deepinder Goyal on Saturday requested restaurant owners to stop the #logout campaign. In a tweetstorm, Goyal…

  • 'Holdings of gold-backed ETFs hit all-time high'

    Gold may cross 40k per 10 gram mark by Diwali

    Amid global growth concerns and heightened trade tensions between the US and China, gold prices might cross the Rs 40,000 mark by Diwali, analysts have said. Typically, the demand for gold reflects…

  • Cash-for-Clunkers: Auto industry bets big on scrappage policy

    New Delhi: Faced with a massive sales downturn, India’s automobile industry is betting big on a scrappage policy to revive demand for the already dented sector. Accordingly, automobile industry’s representatives have sought an…

  • I-T department to adopt ‘taxpayer friendly’ approach

    New Delhi: The Income Tax (I-T) Department has decided to adopt a more friendly approach in its dealings with the tax assessees, sources said on Sunday, following Finance Minister Nirmala Sitharaman’s call for…

  • Chicken prices nosedive owing to festive seasons

    Chicken prices nosedive owing to festive seasons

    Hyderabad: After being sold for Rs 280 per kg for several months the chicken price has dropped by more than half to Rs120 per kg making the consumers happy.   The slump…

  • Impact of slowdown: Mahindra fires 1500, more likely

    New Delhi: Mahindra and Mahindra fired around 1500 temporary workers since 1st April 2019. This was disclosed by the company’s Managing Director, Mr. Pawan Goenka. According to the report published in Deccan…

  • HCL Tech signs MoU with MADC for expansion of MIHAN campus

    Nagpur: HCL Technologies has signed a memorandum of understanding (MoU) with Maharashtra Airport Development Company (MADC) for expansion of its Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN). As part of…

  • Economy needs stimulus, credit demand muted: SBI Chairman

    Kolkata: Amid the economy roiling through a slowdown in demand and consumption, State Bank of India (SBI) Chairman Rajnish Kumar on Sunday raised the pitch for a stimulus, saying that the credit…

  • Slowdown: Hyundai Motor India lists ‘no production days’

    Chennai: India’s second-largest carmaker, Hyundai Motor India Ltd (HMIL) has declared “no production days” this month for some of its production departments owing to tough market conditions for the automobile sector.The company, in…

  • Sensex up 73 pts, Nifty above 11,000

    Mumbai: The Sensex on Monday opened slightly higher over gains by finance and banking stocks. At 9.32 a.m., the benchmark Sensex was trading 73.45 points or 0.20 percent higher at 37,423.78. It…

  • Equity indices in the green, pharma and IT stocks gain

    Mumbai: Equity benchmark indices were in the positive zone during early hours on Monday following global cues. At 10:15 am, the BSE S&P Sensex edged up by 254 points at 37,604 while…

Back to top button