Indian market: Sensex crashes by 839.02 pts
Aug 31, 2020, at 10:40 pm
Mumbai/UNI: Snapping six days rally, the BSE Sensex on Monday nosedived by 839.92 points at 38,628.29 after the news that Chinese troops carried out provocative military movements in Eastern Ladakh.
Saudi Arabia announces discovery of new oil, gas fields
Aug 31, 2020, at 09:06 pm
Riyadh/Xinhua: Saudi Energy Minister Abdulaziz bin Salman Al Saud announced on Sunday the discovery of two oil and gas fields in the kingdom, the Saudi Press Agency reported.
Indian Rupee up by 12 paise against USD
Aug 31, 2020, at 05:50 pm
Mumbai/UNI: The Rupee on Monday advanced by 12 paise at 73.26 against the US Dollar in opening trade on selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Aug 31, 2020, at 05:46 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Monday rallied by 378 pts at 39,845.33 in opening trade on the strength of Bankex, Finance, Energy and Oil and Gas stocks ahead of the release of Q1 GDP data later in the day.
Reliance Retail buys Future Group's retail, supply chain and other business for Rs 24,713 cr
Aug 30, 2020, at 03:28 am
Mumbai/IBNS: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, Saturday announced that it is acquiring the retail and wholesale as well as logistics and warehousing businesses of the Future Group for Rs 24,713 crore as going concerns on a slump sale basis, according to media reports.
Indian Market: Sensex zooms 1032.59 pts during week
Aug 29, 2020, at 09:47 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) zoomed by 1,032.59 points or 2.69 per cent to settle at 39,467.31 in a week under review as investors cheered optimism about a potential treatment for Coronavirus and pick up in business activity.
Dinesh Khara recommend for the post of new SBI Chairman
Aug 29, 2020, at 09:09 pm
Mumbai/IBNS: The Banks Board Bureau (BBB) has recommended Dinesh Kumar Khara as the next Chairman of State Bank of India, said media reports.
Aug 29, 2020, at 07:42 pm
New Delhi/IBNS: Unlike many sectors which are now seeing a chance to reopen under the unlock phase, the events industry is still not being allowed to reopen, according to the stakeholders.
UN Chief urges India to increase reliance on renewable energy, phase out coal use
Aug 29, 2020, at 01:24 am
New Delhi/IBNS: United Nations Secretary-General António Guterres has urged the Indian government to diminish coal use and rely on renewable energy, pointing out the downsides of coal mining and burning, including environmental pollution, global warming, health care costs, media reports said.
IndusInd Bank moves up by 8.43 pc to Rs 656.50
Aug 28, 2020, at 10:32 pm
Mumbai/UNI: IndusInd Bank on Friday advanced by 8.43 pc to Rs 656.50 a major gainer in 30 scrips of BSE.
Indian Market: Sensex rallies 353.84 pts
Aug 28, 2020, at 10:19 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) on Friday spurted by 353.84 pts to 39,467.31 following gains in Bankex, Telecom, Finance and Capital Goods stocks.
GP Petroleums Q1net loss stands at Rs 2.07 cr
Aug 28, 2020, at 10:18 pm
Mumbai/UNI: GP Petroleums has posted a net loss of Rs 2.07 crore for the quarter ended June 30, 2020 as against net profit of Rs 4.09 crore for the quarter ended June 30, 2019.
Indian Rupee advances 42 paise against USD
Aug 28, 2020, at 08:51 pm
Mumbai/UNI: The Rupee on Friday edged up by 42 paise to 73.38 against the greenback on brisk selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
West Bengal to increase solar generation capacity to 300 MW within a year, says state power minister
Aug 28, 2020, at 05:54 am
Kolkata/IBNS: The West Bengal government is making serious efforts in adopting clean energy, as a part of which the solar generation capacity of the state has increased to 30 Megawatt and in the course of next one year it will increase to 300 Megawatt, said state power minister Sobhandeb Chattopadhyay on Thursday.
Indian state-owned refiners stop import from China-linked companies: Report
Aug 28, 2020, at 03:32 am
New Delhi/IBNS: Indian state-owned refiners have stopped importing crude oil from China-linked companies, a Reuters report said, adding that the development is linked to the restrictions imposed by New Delhi on imports from countries it shares common borders.
Aug 28, 2020, at 12:57 am
Mumbai/IBNS: The Reserve Bank of India’s (RBI) framework for Covid-19 solutions is well thought and taken after due consultations, Governor Shaktikanta Das said Thursday, adding that the central bank’s response to COVID-19 is unprecedented.
Coronavirus act of God which affected GST collections: Nirmala Sitharaman
Aug 27, 2020, at 11:48 pm
New Delhi/IBNS: Amid pressure from several states to compensate the revenue shortfall, Union Finance Minister Nirmala Sitharaman on Thursday said Novel Coronavirus is an act of God that has affected the Goods and Services Tax (GST).
Digital economy can put citizens in control of finance, says UN taskforce
Aug 27, 2020, at 06:40 pm
New York: A UN taskforce set up to look into the risks and benefits of the digital economy, has concluded that it could have a transformational impact on sustainable development, and empower citizens, both as taxpayers and investors.
Aug 27, 2020, at 05:15 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Thursday advanced by 231 pts at 39,305.42 in opening trade as all sectoral indexes were in the green.
Aug 27, 2020, at 07:18 am
New Delhi/IBNS: India plans to significantly cut down its thermal coal imports to save foreign exchange and create jobs by the development of new and existing coal blocks, according to a senior official of the Coal Ministry on Tuesday.
Aug 27, 2020, at 05:03 am
New Delhi/IBNS: India's crude steel production plummeted 24.6 per cent to 7.150 million tonnes (MT) in July 2020 against 9.485MT crude steel during the same month in 2019, World Steel Association (worldsteel) said in its latest report.
RBI's one-time loan restructuring plan plugs the past gaps: Experts
Aug 27, 2020, at 03:37 am
Kolkata/IBNS: The current loan restructuring package by the Reserve Bank of India(RBI) with proper timelines mentioned in the guidelines has plugged all the gaps that were there previously, said Partha Pratim Sengupta, Managing Director & CEO, Indian Overseas Bank.
India and Japan deliberate on investment opportunities at Indian Chamber of Commerce forum
Aug 26, 2020, at 11:39 pm
Kolkata/IBNS: Information Technology (IT), Information Technology Enable Services (ITES), Artificial Intelligence (AI), Machine Tools, Aerospace, Biotechnology, and Engineering Design are some of the areas where Japanese investment can flow in, said Karnataka Chief Minister B S Yeddyurappa.
Snapdeal establishes 8 new logistics hubs
Aug 26, 2020, at 10:59 pm
New Delhi: Snapdeal, India’s leading value-focused ecommerce marketplace, expanded its nationwide logistics network by opening 8 new centres at manufacturing hubs located across cities in India.
Indian Market: Sensex ends firm at 39,073.92 pts
Aug 26, 2020, at 10:46 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) spurted by 230.04 pts to 39,073.92 following brisk buying in Energy, Auto, Bankex, IT and Realty stocks.
IndusInd Bank moves up by 5.93 pc to Rs 568.10
Aug 26, 2020, at 10:24 pm
Mumbai/UNI: IndusInd Bank on Wednesday surged by 5.93 pc to Rs 568.10 a major gainer in 30 scrips of BSE.
Indian Rupee up 5 paise against USD
Aug 26, 2020, at 04:13 pm
Mumbai/UNI: The Rupee on Wednesday rose by five paise at 74.27 in opening trade on the selling of US Dollar by bankers and exporters, dealers at the Forex Market said.
Indian Market: Sensex up by 78 pts
Aug 26, 2020, at 03:53 pm
Mumbai/UNI: The BSE Sensex on Wednesday advanced by 78 pts at 38,922.68 in opening trade following gains in Material s, Finance, Health Care, Industrials and IT stocks.
Maruti Suzuki XL6 celebrates its first anniversary
Aug 26, 2020, at 02:43 am
Kolkata/IBNS: Maruti Suzuki XL6 celebrated its first anniversary with over 25,000 delighted customers on Monday.
Argentina's economy "starting to move" again, says president
Aug 25, 2020, at 10:43 pm
Buenos Aires/Xinhua: Argentina's economy "is starting to move" again following the COVID-19 pandemic lockdown, driven by infrastructure projects designed to spur activity, Argentine President Alberto Fernandez said on Monday.