Business
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SBI cuts lending rates, home loans to get cheaper
Mumbai: Country’s largest lender State Bank of India (SBI) on Monday announced a reduction in its marginal cost-based lending rate or MCLR by 10 basis points across all tenors and has…
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Reverse Gear: August auto sales slump 23.55%
New Delhi: The sales slump continued to dent the Indian automobile industry in August as the overall sectoral off-take in the domestic market plunged 23.55 per cent. The industry which is…
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Oil majors to mull fresh cuts as trade war hits prices
Dubai: Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade…
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European equities mainly climb at open
London: European stock markets mostly rose in opening deals on Friday, after another bright performance in Asia. In initial trade, London’s benchmark FTSE 100 index of major blue-chip firms weakened…
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Stocks gain after weak US job figures
New York: Global stock markets posted modest gains on Friday while US jobs data pointed to a possible soft patch for the world’s top economy, dealers said. Eagerly awaited job…
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NCLT begins insolvency proceedings against Raheja Builders
New Delhi: The National Company Law Tribunal (NCLT) has begun insolvency proceeding against the real estate firm Raheja Developers. As a part of the process, a public notice has been…
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Real estate relief for stalled projects on the way: Sources
New Delhi: The real estate sector relief expected this week may include solutions for stalled housing projects for the stressed home buyers where projects could not be completed due to…
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Double whammy for auto sector as July exports dip
New Delhi: Already grappling with a domestic consumption slowdown, Indian automobile sector’s exports have also taken a hit in July, an industry analysis showed on Wednesday. According to the Engineering…
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Expected growth measures to push Indian equities higher
Mumbai: Expected growth-inducing measures along with attractive valuations will give an upward push to Indian equities during the upcoming weekly trade, market observers opined. Additionally, other factors such as the rupee’s…
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RBI working with regulators for securities lending product: DG
Mumbai: The Reserve Bank of India is currently working with other financial sector regulators like Sebi, PFRDA and Irda to develop an interest rate market where mutual funds, pension and…
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JioFibre unlikely to disrupt mart: Emkay Global
Mumbai: Reliance Jio Fibre is unlikely to disrupt the market as the much-awaited pricing and offerings under various plans are not disruptive compared with peers, analyst firm Emkay Global has said.…
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RBI working with regulators for securities lending product: DG
Mumbai: The Reserve Bank of India is currently working with other financial sector regulators like Sebi, PFRDA and Irda to develop an interest rate market where mutual funds, pension and insurance…
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3 day Industrial and Engineering Expo kicks off in Hyderabad
Hyderabad: The 5thEdition of 3 Days Industrial and Engineering Expo(Indexpo)-2019 kicks off in Hyderabad at Hitex on Friday. The three-day exhibition will conclude on Sunday. It is organized by Indore Infoline…
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Auto industry value chain pins hopes on healthy festive sales
New Delhi: Faced with a consumption slowdown along with the high cost of finance, the country’s automobile industry’s value chain expects a partial turnaround during the upcoming festive season and…
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US stocks close mixed amid Powell’s speech, data
New York: US stocks closed mixed on Friday as investors digested Federal Reserve Chairman Jerome Powell’s speech as well as major economic data. The Dow Jones Industrial Average was up…
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Hyderabad gets ‘Angel’ investor’ for startup ideas
Hyderabad: Mahesh Foundation, a non-profit organisation on Saturday launched its ‘angel funding’ programme known as ‘Marwari Angels’ with over 80 startup proposals which are to be incubated in Hyderabad. The…
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Zomato lays off 541 staffers
Food delivery platform Zomato on Saturday said that it has laid off 541 people — 10 per cent of the company’s strength — across customer, merchant and delivery partner support…
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Slowdown Blues in India
SGB fixed at Rs.3,890/gram The issue price for the next subscription period for Sovereign Gold Bonds 2019-20 has been fixed at Rs.3,890 per gram with Settlement on September, 2019. As…
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All that glitters is not gold
NEW DELHI: Recent financial news headlines have seen some concern with India’s gold imports and the fact that a significant component of domestic savings is “exported” abroad, which could probably…
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Centre open to raise auto sector’s plea at GST Council
New Delhi: The central government is open to take the industry’s proposal on reducing the Goods and Services Tax (GST) on automobiles to the GST Council. Speaking at the ACMA annual…
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India business summit in Singapore from Monday
New Delhi: On completion of the Modi government’s 100 days in its second term and Prime Minister Narendra Modi’s vision to make India a five-trillion-dollar economy by 2024, the High…
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No impact on social sector spending due to tax shortfall: FM
Kolkata: Finance Minister Nirmala Sitharaman on Friday ruled out any scaling down of the social sector spending due to any possible shortfall of tax revenues. “Any tax collection shortfall will…
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US-China trade war would continue: Economist Paul Krugman
The annual Hindustan Times Mint Asia Leadership Summit held in Singapore, on 6 September 2019 witnessed some of the top leaders of the world from policymakers in the fields of…
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Reliance on FPIs making India vulnerable to global shocks
Mumbai: Foreign Portfolio Investment (FPI) has risen several folds since the Indian economy started to open up. While the FPI inflow has powered markets to record highs on several occasions,…
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IATA reports soft start to peak travel period
Geneva: The International Air Transport Association (IATA) on Friday announced slowing global passenger demand growth for July. Total revenue passenger kilometers (RPKs) rose 3.6 percent compared to the same month…
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Elon Musk makes fun at Porsche, Volkswagen, faces backlash
San Francisco: Tesla CEO Elon Musk poked fun at Volkswagen and Porsche’s Taycan Turbo-electric sports car, apparently at the vehicle’s name, in his tweets.“Can we all just agree that pumping…
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Sensex opens 140 points up on positive global cues
Mumbai: Indian stocks opened higher on Friday in line with gains in the global markets over hopes of a trade truce between US and China. The US and China, involved…
Mother Dairy hikes cow milk price by Rs 2/litre
New Delhi: Mother Diary has hiked the price of cow milk by Rs 2 per litre from Friday in Delhi and the National Capital Region (NCR). The cow milk variant…
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Xiaomi India sold 10 crore smartphones in 5 yrs
Bengaluru: Chinese smartphone maker Xiaomi on Friday announced that it has shipped over 10 crore smartphones in India in the last five years. “It’s a testament to the love we…
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Steps to boost lending could increase banking sector risk: Fitch
Mumbai: Risks in India’s banking sector may rise as a result of the central bank’s steps encouraging more lending to non-bank financial institutions (NBFIs) and retail borrowers, Fitch Ratings said…
