Business
Budget 2019: From Colonial Legacy of FM’s Leather Bag to 21st Century Break With Tradition, How Budget Evolved Over the Years
The Ministry of Finance, National Institution for Transforming India (NITI) Aayog, administrative ministries and the Comptroller & Auditor General (CAG) of India are the main players in the preparation of the Budget document.
Gold Hits Eight-Month High Amid US-China Trade Concerns
The dollar index, a gauge of the US currency's value versus six major peers, held close to a two-week low.
Goyal Asks PSU Banks to Step up Lending to MSME, Agriculture and Housing Sectors
Observing that the Insolvency and Bankruptcy Code (IBC) has helped the public sector banks (PSBs) recover over Rs 1 lakh crore in the three quarters of the current fiscal, the minister exuded confidence that it would make them more profitable in days to c...
Bank of India Q3 Net Loss Widens to Rs 4,738 Crore; NPA Provisions Jump 2-fold
Total income of the bank, however, rose to Rs 11,839.53 crore during the reported quarter of 2018-19, as against Rs 10,376.03 crore in the same period a year ago.
Odisha's Paradip Port Likely to Handle 110 MMT Cargo This Year
Stating that the port witnessed the docking of a luxury cruise liner 'MV Silver Discoverer' with foreign tourists on Saturday, the PPT chairman said it will boost tourism in the state.
India Smartphone Market Expands 10% in 2018, Fastest Among Major Markets: Report
Xiaomi led the smartphone market in India in 2018 with 28 per cent share, followed by Samsung (24 per cent), Vivo (10 per cent), Oppo (8 per cent) and Micromax (5 per cent).
Sensex Jumps Over 250 Points, Yes Bank Among Major Gainers
The NSE Nifty rose by 79.75 points, or 0.74 per cent, to 10,929.55. The major gainers were Yes Bank, Bharti Airtel, HCL Tech, Axis Bank, Maruti Suzuki, PowerGrid, L&T, IndusInd Bank, ONGC, Tata Motors, Sun Pharma, Vedanta Ltd, RIL, ITC Ltd, TCS, Coal Indi...
Air India Express to Start First Direct Flight Service Between Sharjah and Surat from Feb 16
Surat-Sharjah will be the 47th non-stop direct connection of Air India Express between destinations in India and the Gulf region.
Rupee Rises 14 Paise Against Dollar in Early Trade
Dealers said dollar's weakness against other currencies overseas amid fears of a slowing global economy and US government's record-long shutdown and early gains in domestic equity markets supported the rupee.
Govt Plans to Link All Mandis With E-NAM Platform by 2022
Currently only 585 APMCs are linked with e-NAM, he said but was quick to add that more than 400 more will be linked to this portal by 2020, taking the total to 1,000 APMCs which are online.
Cabinet Clears India-Japan Pact for Cooperation in Food Processing Sector
The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to the Memorandum of Cooperation (MoC) between India and Japan in the field of food processing sector, an official statement said.
India Inks Protocol With China to Start Tobacco Export
These developments assumes significance as India wants to increase exports to China with a view to bridging the ballooning trade deficit, which has increased to USD 63.12 billion in 2017-18 from USD 51.08 billion in the previous fiscal.
Sun Pharma Alleges Unfair Biz Practices Against It, Seeks Sebi Intervention
Against the backdrop of reports that a second whistleblower complaint has been filed against it and shares taking a beating on the exchanges, Sun Pharma has written to Sebi flagging concerns that certain entities are allegedly adopting unfair trade practi...
Reliance Retail Q3 Pre-Tax Profit Jumps Over 2-Fold to Rs 1,680 Crore
Reliance Retail, which now operates 9,907 stores in over 6,400 towns and cities, received over 5.7 crore footfalls across its stores during the Diwali festive period.
In Boost To Rupee, RBI Loosens Curbs On Companies' Offshore Borrowing
Previously, the RBI had only allowed companies to borrow up to $50 million (Rs 355 crore approx) for three years. For funds beyond $50 million companies had to borrow for at least five years.
Sensex, Nifty End Marginally Higher Amid Mixed Global Cues
After swinging nearly 200 points, the 30-share BSE Sensex index settled 2.96 points, or 0.01 per cent, higher at 36,321.29.
