Business
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Sensex drops by 229 points, Yes Bank slips 5 pc
Mumbai: Equity benchmark indices were in the red during early hours on Thursday on the back of mixed global cues and selling pressure across various segments. At 10:15 am, the BSE S&P…
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US stocks close mixed as Fed cuts interest rates
New York: US equities ended mixed after the Federal Reserve cut interest rates for the second time this year. The Dow Jones Industrial Average on Wednesday rose 36.28 points, or 0.13 per…
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Himachal aims 100 pc transition to e-vehicles by 2030
Shimla: Himachal Pradesh is aiming to achieve 100 per cent transition to electric vehicles by 2030 in alignment with the United Nation’s sustainable development goals, an official said on Wednesday. A meeting…
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Markets open in green
Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note. The Sensex of the BSE opened at 36,621.38 and touched a high of 36,701.61 and a low of 36,620.41…
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US dollar declines ahead of Fed decision
New York: The US dollar declined as investors awaited the US central bank’s next monetary move. In late New York trading on Tuesday, the euro increased to $1.1066 from $1.1006 in the…
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Nifty ends below 10,850, Godfrey Phillips up by 5 pc
Mumbai: Equity indices witnessed an extremely choppy session on Wednesday but closed slightly higher after crude oil prices cooled globally. Saudi Arabia said that more than half of the country’s daily oil…
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Equity gauges flat in volatile trading, auto stocks lose further
Mumbai: Equity benchmark indices were largely flat during early hours on Wednesday despite positive global cues as crude oil prices cooled. At 10:15 am, the BSE S&P Sensex was up by 19…
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Qatar announces new residency scheme for investors
Doha: Qatar announced Monday it will grant residency to foreign investors for the first time, state media reported, the latest in a series of measures designed to diversify the economy. Foreigners investing…
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Odisha’s revenue collection up by 7% till August
Bhubaneswar:Â Odisha has registered a 7 per cent increase in revenue collection up to August during the 2019-20 financial year, said an official on Tuesday. Finance secretary Ashok Meena informed that the total…
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Piaggio request TS Ministers for Electric auto permits in city
Piaggio representatives requested Transport Minister and Home Minister to consider new technology vehicles like Electric Autos or BSVI vehicles to help curb city pollution levels. Hyderabad: Piaggio Vehicles Pvt Ltd (PVPL), a…
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Dalal Street nervous over oil, Sensex tanks 600 pts
Mumbai: Sensex fell nearly 600 points shortly before close on Tuesday following sharp rise in oil prices globally which continued to send shock waves across financial market. At 2.42 p.m., the bencmark…
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Sensex loses 642 points, auto, banks worst hit
Mumbai:Â Indian equities plunged on Tuesday after the weekend attacks on Saudi Arabias oil facilities resulted in the suspension of nearly 6 per cent of the worlds crude production, sending shock waves across…
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Equity indices extend losses amid selling pressure
Mumbai: Equities came under selling pressure in the afternoon on Tuesday with losses spread across all sectors. At 12:45 pm, the BSE S&P Sensex was down by 310 points to 36,813 while…
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Oil holds huge gains after Saudi blasts; Fed decision in view
Oil prices dipped Tuesday but held most of the previous day’s record gains following an attack on Saudi facilities that wiped out half the country’s output, with traders nervously awaiting the US…
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R&D centre for clean coal unveiled in Bengaluru
Bengaluru: Union Minister of Science and Technology Harsh Vardhan on Monday opened the national centre for clean coal research and development at the Indian Institute of Science’s (IISc) campus here.“The research at…
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Cox & Kings: Investors flee stocks even at rock bottom pricing
Mumbai: Apart from the general weakness in the financial markets at present, sharp fall in some prominent stocks have caught the retail investors by surprise. Traders have resorted to panic selling, often…
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Banks’ 2018-19 savings deposits up at Rs 39.72 lakh cr: RBI
Mumbai: Indian private and public sector banks (PSBs) had aggregate savings deposits of Rs 39.72 lakh crore as on March 31, 2019, while foreign banks had a share of Rs 58,630 crore,…
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Air India’s bond issue of Rs 1,000 crore fully subscribed on first day
Mumbai: The bond issue of Air India Assets Holding Ltd (AIAHL) with a three-year tenure of Rs 1,000 crore and a greenshoe option of Rs 6,000 crore was been fully subscribed at the rate of 6.99 per cent on Monday.…
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General Motors braces for nationwide strike in 12 years
Washington: The United Automobile Workers (UAW) trade union has called for a nationwide strike of 48,000 employees at General Motors (GM), the company’s first in 12 years, after the US labour contract…
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Some 46,000 General Motors auto workers strike in US
Detroit: The United Auto Workers union began a nationwide strike against General Motors on Monday, with some 46,000 members walking off the job after contract talks hit an impasse. The move to…
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Week ahead would trade with positive bias
The week saw markets making some gains and confidence returning. US and China relations too improved, with China taking the first step by agreeing to buy US farm produce and removing the…
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Sensex & Nifty slip, oil firms under pressure after Saudi attack
Mumbai: Equity indices were on a weak note during early hours on Monday as global oil prices surged to a four-month high after a strike on the world’s biggest oil facility in…
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Brent jumps 12% after attack at Aramco
Mumbai:Â The global benchmark oil price, the Brent crude, jumped nearly 12 per cent on Monday. This is one the biggest-single day leap in recent times, which came after the drone attacks at…
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Nissan CEO resigns over pay issue
Tokyo: After admitting to being overpaid by an equity-linked remuneration scheme, Nissan Motor Co. President and CEO Hiroto Saikawa on Monday stepped down from his post. Saikawa, 65, was appointed CEO after…
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Dubai-like annual shopping festival to be held in India
New Delhi: India will have its own version of an annual shopping festival on the lines of the one hosted by Dubai. This annual shopping festival likely to begin from March 2020…
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Tokyo stocks open higher on ECB stimulus, cheaper yen
Japan : Tokyo stocks opened higher on Friday as investors cheered a massive stimulus programme from the European central bank that eased worries over the global economy, as well as a cheaper…
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US stocks open higher, flirting with records
New York : Wall Street brushed off the ominous date and pushed higher at the open Friday, stoked by relief that President Donald Trump’s trade war with China appears to be inching…
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Pedal-to-Metal: More steps, time needed for auto sector revival
New Delhi: With automobile industry’s August sales touching the lowest level since 1997-98, industry insiders assert that the time is ripe for the government to take other steps to save as many…
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Farmers’ woes grow despite hike in MSP
New Delhi: While the minimum support price (MSP) set by the government has failed to benefit a large section of farmers, the crash in food prices as a result of excess supply…
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Tata, Vedanta mining lease ends in March; Govt for fresh auction
New Delhi: In a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing the 50-year period…
