Business

  • 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…

  • Power-Electricity

    MERC nod to extend BEST, Tata Power agreement for 5 years

    MUMBAI: The Maharashtra Electricity Regulatory Commission (MERC) has given the green light to BrihanMumbai Electric Supply & Transport Undertaking (BEST) to extend its existing power purchase agreement with Tata Power Co. Ltd.…

  • Hyundai’s December sales up 4.8%; 2018 off-take higher by 4.7%

    New Delhi: Automobile major Hyundai Motor India on Tuesday reported a 4.8 per cent rise in its overall sales, including exports, for December 2018. According to the company, the overall sales rose…

  • Equity indices open in red, Sensex down over 100 points

    Mumbai: The key Indian equity indices opened in the negative territory on Wednesday with the S&P BSE Sensex losing over 100 points. Auto and metal stocks witnessed heavy selling pressure on the…

  • Chinese yuan edges up to 6.8482 against US dollar

    Beijing: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 150 basis points to 6.8482 against the US dollar on Wednesday, according to the China Foreign Exchange Trade…

  • Coal India production up 7.4%, off-take up 5.5% in 9 months

    Kolkata: Coal India Ltd on Tuesday said its production grew by 7.4 per cent to 412.45 million tonnes (mt) during the first nine months of the current financial year, while its off-take…

  • RBI allows restructure of defaulting MSME loans up to Rs 25 cr

    Mumbai: In a measure of relief for the troubled micro and small industries segment, the RBI on Tuesday permitted a one-time restructuring of existing loans that are in default but “standard” as…

  • GST collections slip to Rs 94,726 crore in December

    New Delhi: Revenue collection under the Goods and Services Tax (GST) fell for the second straight month to Rs 94,726 crore in December from Rs 97,637 crore collected in November despite a…

  • Petrol prices dip below 2018 levels

    New Delhi: Petrol prices fell nearly 20 paise to Rs 68.65 a litre in Delhi on Tuesday to touch the lowest levels in over a year across the four metros. Petrol price…

  • GST collections fall to Rs. 94,726 crore in December

    New Delhi: Revenue collection under the Goods and Services Tax (GST) fell for the second straight month to Rs. 94,726 crore in December from Rs. 97,637 crore collected in November despite a…

  • Sensex ends in green after last hour pull-back

    Mumbai: Sensex closed over 180 points higher from the previous close after a sharp recovery in the final hour of the trade on Tuesday, thereby regaining the 36,000 mark. Both the key…

  • Sensex surrenders 36,000 mark, down 120 pts

    Mumbai: The Sensex slid below the 36,000 mark during the afternoon trade session on Tuesday, as it erased over 120 points from its previous close. At 1.07 p.m., the S&P BSE Sensex…

  • Sensex, Nifty open flat; financials in red

    Mumbai: Key Indian equity indices opened flat on Tuesday as index pivotals — finance and banking stocks — witnessed selling pressure. However, oil and gas sector gained. The S&P BSE Sensex opened…

  • Toyota India sales grew 10% in December

    Bengaluru: Reversing the monthly trend, Japanese global car maker’s joint venture (JV) Toyota Kirloskar Motor (TKM) on Monday said its domestic sales grew 10 per cent in December over the same period…

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