Business

  • Photo of ICRA withdraws rating assigned to MEP’s Infrastructure programme

    ICRA withdraws rating assigned to MEP’s Infrastructure programme

    Mumbai: Rating agency ICRA has withdrawn the rating for MEP Infrastructure Developers’ bank limit of Rs 50 crore due to slower than anticipated progress in six under-construction hybrid annuity mode (HAM) road portfolio.…

  • Photo of Sensex down 63 pts, Nifty below 11,100

    Sensex down 63 pts, Nifty below 11,100

    Mumbai: Sensex and Nifty opened on a dull note on Wednesday owing to decline in metal, financial and banking stocks. At 9.52 a.m., the Sensex was trading 62.53 points or…

  • Photo of Cambodian Transport Sector Inks Deal with SRAM & MRAM

    Cambodian Transport Sector Inks Deal with SRAM & MRAM

    New Delhi: Continuing on its path to empower the developing world with green energy technologies, SRAM & MRAM Group in association with ELPRO Automobiles Pvt Ltd, India, has initiated talks…

  • ICRA withdraws rating assigned to borrowing program

    Mumbai: Rating agency ICRA has withdrawn the rating for MEP Infrastructure Developers’ bank limit of Rs 50 crore due to slower than anticipated progress in six under-construction hybrid annuity mode…

  • Photo of Sensex down 63 pts, Nifty below 11,100

    Sensex down 63 pts, Nifty below 11,100

    Mumbai: Sensex and Nifty opened on a dull note on Wednesday owing to decline in metal, financial and banking stocks. At 9.52 a.m., the Sensex was trading 62.53 points or…

  • Photo of Equity gauges in negative zone, metal stocks fall

    Equity gauges in negative zone, metal stocks fall

    Mumbai: Equity benchmark indices were volatile with a negative bias during morning trade on Wednesday in line with subdued Asian cues. At 10:15 am, the BSE S&P Sensex was down…

  • Photo of Actual gain to Govt from RBI move is Rs 58K cr

    Actual gain to Govt from RBI move is Rs 58K cr

    Mumbai: The actual gain to the government from the RBI’s surplus transfer of Rs 1.76 lakh crore is Rs 58,000 crore, calculations reveal. The government has already budgeted Rs 90,000 crore…

  • Photo of India should become software hub: IT Secretary

    India should become software hub: IT Secretary

    New Delhi: India should focus on becoming a major software producer, said Ajay Prakash Sawhney, Secretary for the Ministry of Electronics and IT, here on Tuesday. “It’s time for us to…

  • Photo of ‘GST shortfall may force RBI surplus use to meet fiscal deficit’

    ‘GST shortfall may force RBI surplus use to meet fiscal deficit’

    Mumbai: The transfer of Reserve Bank of India (RBI) surplus will only give marginal relief, while risk to the fiscal remains on account of the expected shortfall in Goods and…

  • Photo of Rafael expands operations in India

    Rafael expands operations in India

    Hyderabad: Astra Rafael Communication System (ARC), a Joint Venture between Astra Microwave Pvt Ltd and RAFAEL Advanced Defense Systems Ltd. of Israel, inaugurated their state-of-the-art facility at Hardware Technology Park…

  • Photo of Droom launches electric wheelchairs

    Droom launches electric wheelchairs

    Gurugram: In a bid to enable freedom of transportation and access to mobility, Droom, India’s online automobile transactional marketplace, has launched an electric wheelchairs category on its platform. Along with the electric…

  • Photo of NCDRC directs Unitech to refund Rs 1 Crore to two buyers

    NCDRC directs Unitech to refund Rs 1 Crore to two buyers

    New Delhi: The National Consumer Disputes Redressal Commission (NCDRC) on failing to hand over the possession of the apartments despite six years, has directed the real estate giant Unitech Limited…

  • Photo of Twitter reacts after RBI okays ₹1.76 trillion to govt

    Twitter reacts after RBI okays ₹1.76 trillion to govt

    Twitter erupts in anger after Reserve Bank of India announced its decision to transfer 1.76 trillion rupees to government this fiscal. The Central Board of the Reserve Bank of India…

  • Photo of RBI board okays transfer of Rs 1.76 lakh cr to govt

    RBI board okays transfer of Rs 1.76 lakh cr to govt

    Mumbai: The Central Board of the Reserve Bank of India (RBI) on Monday accepted the Bimal Jalan panel recommendations and decided to transfer Rs 1.76 lakh crore in dividend and surplus…

  • Photo of Chinese shares open higher; yuan weakens

    Chinese shares open higher; yuan weakens

    Beijing: Chinese stocks opened higher on Tuesday, with the benchmark Shanghai Composite Index up 0.56 per cent to open at 2,879.52 points. The Shenzhen Component Index opened 0.68 per cent…

  • Photo of US dollar rises as risk appetite grows

    US dollar rises as risk appetite grows

    New York: The US dollar rose in the late trading against Japanese yen and Swiss franc amid investors’ growing risk appetite. In late New York trading on Monday, the euro fell…

  • Photo of US stocks close higher amid trade hopes, mixed data

    US stocks close higher amid trade hopes, mixed data

    New York: US stocks closed higher on Monday, kicking off the week in an upbeat note, as investors remained hopeful for the possible easing of US-China trade dispute and digested…

  • Photo of ‘Auto sector’s demand conditions likely to persist

    ‘Auto sector’s demand conditions likely to persist

    Mumbai: The subdued demand conditions that led to weak performance by Indian automakers in the first quarter of 2019-20, will likely persist, adding to the challenges from the implementation of…

  • Photo of Global investors keen on rupee denominated assets: RBI

    Global investors keen on rupee denominated assets: RBI

    Mumbai: Global investors have shown appetite for rupee denominated assets in recent times and this trend needs to be strengthened further by policy nudges, Reserve Bank of India (RBI) Deputy…

  • Photo of Bajaj blames auto sector for slump, mediocre products

    Bajaj blames auto sector for slump, mediocre products

    Mumbai: While most auto market players sought government intervention to support the sector, facing slowdown amid falling sales, Bajaj Auto Managing Director Rajiv Bajaj has divergent views and says the…

  • Photo of Abolish income tax to eliminate economic crisis: Swamy

    Abolish income tax to eliminate economic crisis: Swamy

    Swamy informed that he is also coming up next month with a book, suggesting steps to spur economic growth. Chandigarh: Batting for abolishing income tax, hiking interest rate on fixed…

  • Photo of Sensex climbs 793 points amid relief measures

    Sensex climbs 793 points amid relief measures

    Mumbai: Equity benchmark indices erased early losses on Monday and traded with strong gains in the afternoon trade as investors awaited more government measures to perk up the domestic economy.…

  • Photo of RBI Board meeting underway, focus on Jalan panel report

    RBI Board meeting underway, focus on Jalan panel report

    Mumbai: A meeting of the RBI Board is currently underway to consider the Bimal Jalan Committee’s recommendations on the Economic Capital Framework (ECF), or the quantum of reserves the central…

  • Photo of Blue Tie Global Pvt. ltd expands to UAE

    Blue Tie Global Pvt. ltd expands to UAE

    Mumbai:  Mumbai-based Blue Tie Global Pvt. Ltd. on Monday announced the launch of its professional networking platform for Android and iOS users in the United Arab Emirates.Founded by entrepreneur brother…

  • Photo of Sensex gains 375 points, Nifty financial services up 1.7 pc

    Sensex gains 375 points, Nifty financial services up 1.7 pc

    Mumbai: Equity benchmark indices recouped early losses around noon on Monday despite global fall. This came after Finance Minister Nirmala Sitharaman announced a slew of measures last week to boost…

  • Photo of Rupee starts the week lower at 71.98 for a US dollar

    Rupee starts the week lower at 71.98 for a US dollar

    Mumbai: The Indian rupee opened the week lower and slipped by 32 paise at 71.98 per dollar in early trade on Monday against its previous close 71.66. The Indian currency…

  • Photo of Chinese shares open lower; yuan strengthens

    Chinese shares open lower; yuan strengthens

    Beijing: Chinese stocks opened lower on Monday, with the benchmark Shanghai Composite Index down 1.60 percent to open at 2,851.02 points. The Shenzhen Component Index opened 1.93 percent lower at…

  • Photo of Sensex opens 663 pts higher after govt boosters

    Sensex opens 663 pts higher after govt boosters

    Mumbai: After what experts termed as a mini-budget on Friday, the markets on expected lines opened on a strong note on Monday. The benchmark Sensex on Monday opened 663 points…

  • Photo of Equity indices in the red during early trading, Nifty PSU bank

    Equity indices in the red during early trading, Nifty PSU bank

    Mumbai: Equity benchmark indices were in the negative zone during early hours on Monday despite Finance Minister Nirmala Sitharaman last week announcing a slew of measures to spur the economy,…

  • Photo of OnePlus’ first R&D centre in Hyderabad

    OnePlus’ first R&D centre in Hyderabad

    Hyderabad: Premium smartphone brandOnePlus will start its first research and development facility in the country in Hyderabad on Monday. Pete Lau, founder CEO of OnePlus, TRS president KT Rama Rao…

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