NEW DELHI: Gold strengthened for the sixth straight week and gathered further grounds to hit an almost six-year high of Rs 32,780 and ended at Rs 32,650 per 10 gram at the bullion market, amid pick-up in buying activity ahead of Diwali in India. Silver, however, lacked necessary buying support and shed some grounds. Bullion […]
NEW DELHI: Oil and Natural Gas Corp Ltd posted a 61% jump in second-quarter profit on Saturday, with higher crude oil prices helping it to beat forecasts. ONGC’s net profit stood at Rs 8,265 crore in the quarter ended 30 September, compared with Rs 5,130 crore a year earlier, the company said in a stock […]
SAN FRANCISCO: Apple has delivered blockbuster earnings, but saw shares punished after a disappointing holiday season forecast and word that it will stop reporting how many iPhones it sells. The California-based technology giant makes most of its money from iPhones, and sales numbers have been seen as a bellwether of the company’s fortunes. Apple shares […]
NEW DELHI: The Prime Minister of India Narendra Modi today launched a historic support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector. As part of this programme, the Prime Minister unveiled12 key initiatives which will help the growth, expansion and facilitation of MSMEs across the country. The Prime Minister said that […]
NEW DELHI: Market benchmark Sensex soared almost 580 points to end at a one-month high of 35,011.65 of Friday, propelled by financials and auto stocks, amid cooling global crude prices, rising rupee and fresh flow of foreign funds. Positive leads from most other Asian markets that jumped to three-week highs and a positive opening of […]
WASHINGTON: United States of America (USA) President Donald Trump has claimed that the provision of birthright citizenship has created an entire industry of birth tourism in the US with Chinese people benefitting a lot from this “crazy, lunatic policy”. Birth tourism refers to the practice of people travelling to another country solely to give birth […]
NEW DELHI: India’s largest lender SBI will raise Rs 4,116 crore by issuing Basel III compliant bonds to add up to its tier 2 capital, the bank said on Friday. The committee of the directors for capital raising has accorded approval to allot Basel III compliant debt instruments qualifying as tier 2 capital of the […]
NEW DELHI: ArcelorMittal on said Friday it has reached an agreement with Liberty House for the sale of its assets in Luxembourg and Belgium. The assets are the final part of a divestment package the Luxembourg-headquartered company agreed with the European Commission (EC) during its merger control investigation into ArcelorMittal’s acquisition of Ilva SpA. “ArcelorMittal… […]
NEW DELHI: Capital market regulator Securities and Exchange Board of India (SEBI) on Thursday said it will launch Unified Payments Interface as an alternative payment option for retail investors, buying shares in a public issue, in a phased manner from January 1 next year, which will cut listing time for an IPO to three days […]
MUMBAI: Swedish furniture giant Ikea is planning to hire 10,000, both direct and indirect, in Maharashtra over the next two to three years, a senior company executive has said. The company opened its first store in Hyderabad in August this year and the Navi Mumbai will be the second store in the country. “Next year, […]
NEW DELHI: The Supreme Court of India on Wednesday dismissed the plea of the Chief Managing Director (CMD) of Amrapali real estate group Anil Sharma and two other directors seeking permission to visit their homes to celebrate Diwali and other festivals with their family members. The apex court directed that the CMD and two other […]
NEW DELHI: PNB Housing Finance said on Wednesday it has raised Rs 2,450 crore through commercial papers (CP) amidst reports of tight liquidity situation in the market. This is in addition to Rs 1,775 crore raised earlier in October totalling to Rs 4,225 crore of CPs raised in October 2018, the mortgage firm said in […]
NEW DELHI: GST collections in October have crossed the Rs 1 lakh crore mark, Finance Minister Arun Jaitley said on Thursday. The revenue from goods and services tax (GST) in September was Rs 94,442 crore. GST mop-up had crossed the Rs 1 lakh crore mark for the first time in April and since then it […]
NEW DELHI: TDP supremo and Andhra Pradesh Chief Minister N Chandrababu Naidu, who is trying to unite the opposition parties to take on the BJP in the Lok Sabha elections next year, Thursday met Congress president Rahul Gandhi here, sources said. The meeting comes amid seat-sharing talks between the two parties for the Assemby elections. […]
NEW DELHI:The Supreme Court of India has asked the Narendra Modi government for pricing details of the 36 Rafale fighter jets India is buying from France in a sealed cover within 10 days but agreed that “strategic and confidential” information need not be disclosed. In its order, a three-judge bench headed by Chief Justice Ranjan […]
NEW DELHI:Invest India through its flagship initiative Startup India has partnered with WhatsApp on a program that focuses on the proliferation of start-ups, promoting economic growth and generating employment opportunities in India. Dedicated to driving success and enhancing grassroots innovation, WhatsApp will invest quarter of a million dollars as seed funding to the top 5 […]
