Business

  • 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…

  • 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,…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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.…

  • 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.…

  • 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.…

  • 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…

  • 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…

  • 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…

  • 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…

  • 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…

  • Hong Kong stocks start with small losses

    Hong Kong: Hong Kong stocks dipped at the start of trade Monday after a six-day rally that saw it pile on more than six percent, while investors are also gearing up for…

  • Wave Estate invests Rs 200 cr to bring affordable housing in Mohali

    Chandigarh: After 100 per cent sale out of Dream Homes at Wave City in Ghaziabad, Wave Infratech on Monday said it has invested Rs 200 crore to bring the same economical housing…

  • Amazon

    Amazon France under fire for destroying unsold goods

    PARIS: US online retailer Amazon faced new French government pressure Monday after a TV report over the weekend showed it destroying thousands of new diapers, toys and other unsold or returned items…

  • CEO of Flipkart’s arms Myntra, Jabong Ananth Narayanan quits

    Bengaluru: The Chief Executive of Flipkart Group’s e-tail portals Myntra and Jabong, Ananth Narayanan, has stepped down from the post, the companies said on Monday. “Ananth has decided to step down as…

  • Sensex ends 157 points lower over fresh signs of global slowdown

    Mumbai: Sensex and Nifty fell on Monday in line with Asian markets which responded on poor Chinese trade data and an extended partial US government shutdown, fuelling concerns of a global growth…

  • Sensex down 260 points, Nifty trades around 10,700

    Mumbai: The Indian equity indices traded in the red on Monday afternoon with the S&P BSE Sensex trading over 260 points lower. The Nifty50 on the National Stock Exchange also slumped and…

  • Maruti Suzuki hikes prices of select models

    New Delhi: Automobile major Maruti Suzuki India on Thursday hiked prices of select models owing to increase in commodity prices and foreign exchange rates etc, the company said. “The price change varies…

  • Lower fuel prices ease India’s WPI to 3.80% in December

    New Delhi: Lower fuel and manufactured products prices eased India’s annual rate of inflation based on wholesale prices to 3.80 per cent in December 2018 from 4.64 per cent in November, official…

  • Aashirya launches its signature collection ‘Astrit’

    New Delhi: Gurukrupa Exports have been pioneers in diamond studded gold jewellery, with more than 30 years of industry experience. The company launched a new collection of exquisite jewellery, Astrit under its…

  • Major ports register positive growth of 3.77 pc

    New Delhi: The major ports in India have recorded a growth of 3.77 percent and together handled 518.6 million tonnes of cargo during the period April to December 2018 as against 499.7…

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