Business
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Sensex ends 52 points up, Nifty holds 10,900
Mumbai: Amid mixed global markets and the ongoing corporate earning session, Indian equities ended higher on Thursday. Ahead of the release of quarterly results by index heavyweights, the Sensex closed with a…
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Hong Kong stocks close with losses
Hong Kong: Hong Kong shares finished Thursday on a low, having swung through the day as upbeat US earnings and a rise on Wall Street was offset by fresh concerns about China-US…
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Lenders considering restructuring plan for Jet Airways: SBI
New Delhi: The State Bank of India (SBI) on Thursday said that lenders to the financially stressed Jet Airways are in talks for a restructuring plan to ensure long term viability of…
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Sensex turns red, banking stocks fall out of favor
Mumbai: Reversing early gains, major indices traded lower during Thursday afternoon’s trade session. The benchmark Sensex declined over 60 points while the Nifty slipped below the 10,900-mark. According to market participants, investors…
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Honda Cars India introduces new petrol grade of Honda City
New Delhi: Passenger car maker Honda Cars India on Thursday introduced a new petrol grade of its mid-size sedan Honda City, with an ex-showroom price of Rs 12.7 lakh. According to the…
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‘Pay Rs. 100 Crore By 5 pm Tomorrow’: NGT slams Volkswagen for not following its order
German auto major Volkswagen was slammed by the National Green Tribunal (NGT) on Thursday for not depositing Rs 100 crore in accordance with its November 16, 2018 order. The NGT took the…
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Key Indian equity market indices open in green
Mumbai: Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher. The Sensitive Index (Sensex) of the BSE, which had closed at 36,321.29 points on Wednesday,…
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‘Benami’ flats booked for Re 1 per sq.ft in Amrapali projects, SC told
New Delhi: A court-appointed auditors informed the Supreme Court that posh flats which were part of Amrapali Group were booked on sums as low as Re 1, Rs 5 and Rs 11…
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Budget session from Jan 31 till Feb 13, Budget presentation on Feb 1
New Delhi: The Budget Session of Parliament will commence on January 31 and the interim Budget will be presented on February 1, officials said on Wednesday. The session will commence with the…
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Cabinet approves Rs 6,000 crore capital infusion for Export-Import Bank
New Delhi: The Union Cabinet on Wednesday approved fresh capital infusion in the form of recapitalization of bonds in the Export-Import Bank of India (Exim Bank) to the tune of Rs. 6,000…
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Cabinet nod to integrated e-filing and centralised processing centre
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved Rs 4,241.97crore for integrated e-filing and centralized processing center–2.0 Project-of the Income Tax Department. The Union Cabinet also…
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Hong Kong stocks open lower
Hong Kong: Hong Kong stocks eased soon after opening on Wednesday morning following a more than two percent rally the day before. The Hang Seng Index eased 0.47 percent, or 127.36 points,…
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Markets open on high note
Mumbai: 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 opened at 36,370.74 and touched a high…
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Global cues subdue equity indices, rupee continues to slide
Mumbai: Broadly negative global cues, especially owing to the political uncertainty in the UK on Brexit, along with a sustained weakness in the Indian currency, subdued the Indian equity market on Wednesday…
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Cabinet approves Rs 6,000 recap of EXIM Bank
New Delhi: The Union Cabinet on Wednesday approved a capital infusion of Rs 6,000 crore in Export-Import Bank of India (EXIM Bank) through recapitalization bonds to boost the bank’s capacity in export…
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Instamojo closes Series B funding round at Rs. 50 crore
New Delhi: Bengaluru based Fintech company Instamojo has announced the closing of its Series-B round of funding worth Rs. 50 crore, led by both existing and new investors. With existing investors including…
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RBI Governor to meet associations of industry, commerce
Mumbai: Continuing his series of consultations with various stakeholders of the economy, Reserve Bank of India Governor Shaktikanta Das on Wednesday said he would meet the representatives from the industry and commerce…
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Ford to cut jobs to strengthen European business
Madrid: Ford Motor Co said on Thursday that it plans to cut jobs across all functions in a wider restructuring effort to improve profitability of its business in Europe, which could also…
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Nissan to launch seat belt awareness campaign
Chennai: Car company Nissan Motor India on Thursday announced the launch of its campaign #HaveYouClickedToday. No, it is not about clicking a selfie but clicking the seat belt, more particularly the rear…
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Sensex up 100 points led by banking stocks
Mumbai: Amid mixed global cues, the benchmark Sensex advanced over 100 points during Wednesday’s afternoon trade session following lower trade deficit and cooling of inflation. The trade deficit in December narrowed due…
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Classmate Spell Bee is back with its 11th season
New Delhi: Classmate, India’s No.1 Notebook Brand by ITC and Radio Mirchi are back with Season 11 of India’s largest spelling competition for school students, Classmate Spell Bee. The competition provides an…
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2019 is the best year for dollar diversification: US Freedom Capital
New Delhi: US Freedom Capital’s Deputy CIO, Arindam Sengupta, spoke on global diversification at the Mehta Fincon Global Investor Conference, Gujarat’s biggest HNI investor conference organized by Mehta Fincon Services Ltd. on…
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WayCool Foods raises Rs120 cr funding; now handling over 150 tons of food produce daily
New Delhi: Chennai based Agri-tech start-up WayCool has raised Rs.120 cr, as a combination of equity and debt from LGT Impact, prominent angels, and institutional lenders, including Northern Arc Capital and Caspian.…
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Equities up on rate cut hopes, positive Asian market cues
Mumbai: Expectations of an interest rate cut in the monetary policy over lower monthly inflation combined with a rebound in Asian markets gave a push to the Indian equity market on Tuesday.…
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Hong Kong stocks rebound to resume rally
Hong Kong: Hong Kong stocks bounced back Tuesday from the previous day’s sharp losses as investors welcomed news that Chinese officials have lined up large tax cuts to help boost the economy.…
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Sensex surges over 340 points on expectations of rate cut
Mumbai: Sensex surged over 340 points during the afternoon session of the trade on Tuesday as lower inflation figures gave way to expectations of an ease in the monetary policy by the…
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Equity indices open higher
Mumbai: Despite negative global cues, major Indian equity indices opened higher on Tuesday owing to the gains in the financials. Data showed in the after market hours on Monday that retail inflation…
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Flipkart’s co-founder Sachin Bansal invests Rs 150 crore in Ola
Bengaluru: Co-founder of leading e-tailer Flipkart, Sachin Bansal, invested Rs 150-crore ($21 million) in ride-sharing major Ola, business signals platform paper.vc said on Monday. Bansal, who co-founded Flipkart along with Binny Bansal…
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Equity indices open in red, Sensex down 170 points
Mumbai: The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points. All the sectoral indices on the BSE traded in the…
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European stock markets open lower
London: Europe’s main stock markets slid at the opening bell on Monday. In initial deals, London’s benchmark FTSE 100 index of major blue-chip companies was down 0.5 percent at 6,880.78 points. In…
