Business

  • India gave permission to Iranian bank to open its branch: Gadkari

    NEW DELHI: The Reserve Bank of India has given clearance to an Iranian bank to open a branch named Pasargad in Mumbai within three months, Union Minister of Road, Transport and Highways…

  • GST Council to partner with NHAI to curb e-way bill fraud

    New Delhi: The Goods and Services Tax (GST) Council will join hands with the National Highways Authority of India (NHAI) to curb e-way bill fraud, sources said on Tuesday. As per the…

  • Nandan Nilekani to head RBI committee on digitization of payments

    New Delhi: Infosys co-founder and Aadhaar architect Nandan Nilekani will head a high-level committee assessing digitization of payments, the Reserve Bank of India (RBI) said on Tuesday. The committee is being constituted…

  • World Bank pegs India’s growth rate at 7.3 pc for current fiscal

    Washington: India’s growth rate is expected to accelerate to 7.3 percent during the current financial year ending March 2019, the World Bank has said. “India is forecast to accelerate to 7.3 percent…

  • Sale of residential units up 6% across major cities in 2018

    New Delhi: The sale of residential units across eight major cities in the country increased by 6 per cent in 2018 to 2.42 lakh units, a Knight Frank report said on Tuesday.…

  • IBM earns record patents in 2018, India 2nd highest contributor

    Bengaluru: IBM investors from India earned over 800 patents — the second highest contributor to the company’s global record of 9,100 patents in the US in 2018 — with nearly half in…

  • Hero MotoCorp’s December sales down 4%

    New Delhi: Two-wheeler major Hero MotoCorp on Wednesday reported a 3.96 per cent decline in its sales for December 2018 on a year-on-year basis. According to the company, sales of two-wheelers decreased…

  • GDP in fast lane, ahead of general elections

    NEW DELHI: Recovering from the damage caused by the demonetisation and the goods and services tax (GST), India’s economy is forecast to grow at its fastest pace in three years in FY19.…

  • Sensex, Nifty in green, financials drag

    Mumbai: The Sensex and Nifty traded in the green during the morning trade session on Tuesday after they opened lower. Caution ahead of the Q3 corporate earning session starting this week and…

  • Chinese shares open lower, yuan strengthens

    Beijing: Chinese stocks opened lower on Tuesday, with the benchmark Shanghai Composite Index down 0.11 per cent to open at 2,530.3 points. The Shenzhen Component Index opened 0.25 per cent lower at…

  • US stocks close higher amid economic data

    New York: US stocks closed higher in volatile trading as investors digested key economic data. The Dow Jones Industrial Average on Monday increased 98.19 points, or 0.42 per cent, to 23,531.35. The…

  • US dollar drops amid speculations over Fed’s waning monetary tightening

    New York: The US dollar extended losses as currencies investors bet on slowing rate hikes later this year following US Federal Reserve chairman’s dovish remarks last week. In late New York trading…

  • European stock markets climb at open

    London: Europe’s main stock markets rose at the start of trading on Monday, with London’s benchmark FTSE 100 index up 0.4 percent to 6,867.27 points. In the eurozone, Frankfurt’s DAX 30 rose…

  • Sensex ends 155 points up over positive global cues

    Mumbai: Expectations of robust Q3 corporate earning results beginning this week, coupled with positive global cues on easing US-China trade tensions along with a dovish US Fed comments, on Friday pushed Sensex…

  • 58% youth believe that men can dictate their women: MFF Survey

    New Delhi: A recent survey conducted by Martha Farrell Foundation, an organization working towards building a gender-neutral society in India has revealed that over 58% population in tier II towns believe that…

  • Where are global and India stock markets headed in 2019

    Singapore: As we start in 2019, it’s crystal ball gazing time again. Some people say that making predictions of the stock market is an art, not a science. However, regardless of whether…

  • Sensex opens higher over easing trade tension

    Mumbai: The key Indian equity indices opened higher on Monday amid expectation of ease in the US-China trade tension. Talks between the US and China is scheduled to be held on Monday…

  • Investors bullish about Indian housing market

    India’s housing sector has always been a favorite amongst domestic investors. As an asset, housing has enjoyed high capital growth backed by high demand in major Indian cities. Besides, easy leverage and…

  • Hong Kong stocks open with further losses

    Hong Kong: Hong Kong stocks opened with more losses Friday following another steep drop on Wall Street, with technology firms again in the firing line after Apple’s shock decision to slash its…

  • European stock markets rebound at open

    London: Europe’s main stock markets rebounded at the start of trading on Friday, with all eyes on key US jobs data. London’s benchmark FTSE 100 index jumped 1.0 percent to 6,761.76 points…

  • 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…

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