Business

  • Hong Kong stocks end week on positive note

    Hong Kong: Hong Kong stocks closed more than two percent higher Friday, reversing early losses, as China said trade talks with the US were set to start next week. The Hang Seng…

  • Global stocks soar on dovish Fed, strong US jobs data

    New York: Global stocks shot higher on Friday following a strong US jobs report and dovish comments from Federal Reserve Chair Jerome Powell on the prospects for higher interest rates. Those back-to-back…

  • Tea production down 6.5% during November in 2018

    KOLKATA: India’s estimated tea production fell by 6.59 per cent to 115.06 million kg during November in 2018 as against 123.18 million kg produced in the year-ago month, according to data from…

  • Tata Motors’ December domestic sales down 8%

    New Delhi: Automobile major Tata Motors on Tuesday reported a 7.7 per cent decline in domestic sales in December on a year-on-year basis. The company sold 50,440 units in the country last…

  • MP Birla Cement launches perfect plus construction chemicals

    New Delhi: Birla Corporation Limited, the flagship company of the MP Birla Group, announces the launch of wall putty and construction chemicals to supplement its premium Perfect Plus brand of cement. Birla…

  • ‘ORGANICS AND MILLETS-2019’ International Trade Fair to take place in Bengaluru

    New Delhi: The much sought after Organics and Millets-2019 International Trade Fair, organized by the Government of Karnataka’s Department of Agriculture, will be held from 18th to 20th January 2019 in Bengaluru’s…

  • IndiGo flight returns to Chennai on ‘technical caution’

    Chennai: Budget airline IndiGo on Saturday said its Chennai-Kolkata flight returned to Chennai due to a “technical caution” noted by the crew. The incident took place on Thursday when IndiGo flight 6E…

  • Maruti Suzuki sales down 1.3% as exports plunge

    New Delhi: Automobile major Maruti Suzuki India on Tuesday reported a decline of 1.3 per cent in its total sales including exports for December 2018. According to the company, a total of…

  • Mumbai co-op bank with zero NPA bags top award

    Mumbai: Mumbai-headquartered Pratap Cooperative Bank (PCoB), which has notched a record of zero non-performing assets (NPAs) for 10 years, has been named for the Maharashtra State Cooperative Banks Association Ltd. (MSCBAL) 23rd…

  • Nissan’s new AR concept turns windshields into virtual world

    Yokohama: Driving cars will never be same with Nissan’s new augmented reality concept that turns your vehicle’s boring windshields into something straight out of a game. The new AR concept, called Invisible-to-Visible…

  • Air India to commence new flights for ‘Kumbh Mela’

    New Delhi: State-owned Air India will commence new flight services to Allahabad from Delhi, Ahmedabad and Kolkata during the “Kumbh Mela”. According to the airline, flights will be operated from January 13…

  • Future Consumer Ltd. introduces Braille friendly products on World Braille Day

    New Delhi: Future Consumer Limited (FCL) launches braille friendly packaging for their body wash brand, ThinkSkin with Ajay Kumar Reddy, Captain of Indian Men’s Blind Cricket Team on World Braille Day. Priced…

  • US stocks closed higher amid the Fed’s signals of gentler monetary policy

    New York: US stocks closed sharply higher, finishing the week on a high note, after tech stocks surged, job market retained strength and US Federal Reserve chair hinted at slower monetary tightening.…

  • US dollar weakens against major currencies

    New York: The US dollar weakened as the US Federal Reserve Chairman Jerome Powell’s dovish remarks on rate hikes coupled with strong jobs data alleviated traders’ demand for safe havens. In late…

  • After a year of reckoning, realty stares at turbulent recovery

    By Vinod Behl: Though the fledgling real estate sector facing a slowdown due to the weak residential segment showed signs of recovery this year with affordable and mid-segment housing driving sales amidst…

  • Sensex up over 200 points, rupee gains 30 paise

    Mumbai: Defying the global markets, the benchmark Sensex gained over 200 points during the afternoon trade session on Friday as financial stocks gained. In addition, the sentiments were lifted as the Indian…

  • Global oil, gas industry heads into 2019 on steady footing: Moody’s

    New York: A newly released report by Moody’s on global oil and gas has outlined credit analysts’ themes for the industry heading into 2019, even as it faces risks from oversupply. As…

  • Japan stocks open lower after Wall Street rout

    Tokyo: Tokyo stocks opened sharply lower on Friday, with the benchmark Nikkei stock index tracking an equities rout on Wall Street overnight sparked by Apple Inc lowering its sales outlook and concerns…

  • Chinese yuan edges up to 6.8586 against US dollar

    Beijing: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 45 basis points to 6.8586 against the US dollar Friday, according to the China Foreign Exchange Trade System.…

  • Sensex, Nifty open in green

    Mumbai: Sensex on Friday opened higher in sharp contrast to the global markets which suffered heavy losses as slowdown concerns magnified after a weak US factory data outcome. Earlier Chinese factory data…

  • Sensex down 317 points over weak global cues

    Mumbai: Amid weak factory data from China and India earlier in the week fueling concerns of a slowdown in global growth and a sustained weakness in the domestic currency pulled the benchmark…

  • M&M’s December sales up just 1% on tight liquidity

    Mumbai: Automobile major Mahindra and Mahindra (M&M) on Tuesday reported a meagre 1 per cent rise in its total vehicle sales for December 2018, owing to tight liquidity and low buying sentiment…

  • HDFC to consider raising Rs 45,000 cr via issuance of NCDs

    Mumbai: The HDFC’s Board will consider raising Rs 45,000 crore through issuance of secured redeemable non-convertible debentures (NCDs). Accordingly, the company’s Board will consider the issuance of NCDs on private placement basis…

  • Key Indian equity market indices open in green

    Mumbai: The key Indian equity market indices on Thursday opened higher despite a muted trend in Asian markets. The Sensitive Index (Sensex) of the BSE, which had closed at 35,891.52 points on…

  • Chinese shares open lower, yuan weakens

    Beijing: Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.14 per cent to open at 2,461.78 points. The Shenzhen Component Index opened 0.21 per cent lower at…

  • Chinese yuan edges lower against US dollar

    Beijing: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 149.00 basis points to 6.8631 against the US dollar Thursday, according to the China Foreign Exchange Trade System.…

  • US dollar gains amid global growth fears

    New York: The US dollar rose as weak economic data from some major economies caused concerns over global growth, sparking demand for safe havens. After accounting for seasonal factors, the IHS Markit…

  • Global cues, fund outflows, auto stocks pull equity indices down

    Mumbai: The Indian equity market ended in the red on Wednesday, in line with global indices, over fears of a worldwide slowdown in economic growth. In addition, outflows of foreign funds, a…

  • Madras High Court lifts ban on online sale of medicines

    CHENNAI: The Madras High Court on Wednesday allowed online pharmacies to sell drugs and cosmetics, staying an earlier order. A two-member bench of the court said the earlier direction to the Central…

  • Cabinet nod for merging Dena Bank, Vijaya Bank with Bank of Baroda

    NEW DELHI: The Union cabinet on Wednesday approved the merger of public sector lenders Dena Bank, Vijaya Bank with Bank of Baroda (BoB). Briefing reporters following the cabinet meeting, Law Minister Ravi…

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