NEW DELHI: India, the world’s third-biggest oil consumer, on Wednesday pressed Organization of the Petroleum Exporting Countries (OPEC) to move to responsible pricing of oil and gas saying the recent spike in rates are far detached from market fundamentals and are hurting importing nations. A combination of crude oil climbing to four-year high and rupee […]
NEW DELHI: Reserve Bank of India (RBI) on Wednesday refused to grant more time to Yes Bank’s long serving CEO and MD Rana Kapoor and asked the private sector lender to appoint his successor latest by February 1, 2019. Last month, the Yes Bank board had sought at least a three-month extension for Kapoor from […]
NEW DELHI: The Enforcement Directorate (ED) on Wednesday seized assets worth over Rs 218 crore, including diamonds and flats abroad, in the nearly Rs 13,000 crore loan fraud case probe, the agency said. It said three provisional orders under the Prevention of Money Laundering Act (PMLA) were issued by the central investigative agency’s zonal office […]
NEW DELHI: Mukesh Ambani- led Reliance Industries Limited (RIL) on Wednesday reported its highest ever quarterly net profit of Rs 9,516 crore, a 17.4 per cent rise year-on-year, for the July-September period. The company reported a net profit of Rs 8,109 crore in the corresponding quarter of last fiscal. Its net profit stood at Rs […]
NEW DELHI: Mukesh Ambani- owned Reliance Jio reported a standalone net profit of Rs.681 crore for the second quarter ended 30 September 2018.The company had posted a net loss of Rs 271 crore in the year-ago period. On the other hand, Jio reported an average revenue per user (ARPU) declined to Rs. 131.7 from Rs. 134.5. […]
NEW DELHI: Mukesh Ambani-helmed Reliance Industries on Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore. The company has announced the following strategic investments: a) Primary investment of Rs. 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs. […]
NEW DELHI: The BSE benchmark Sensex snapped its three-day gains, plunging 383 points due to heavy selling mainly in financial and auto stocks as rising crude prices and rupee volatility spooked investors. The flagship index swung nearly 880 points both ways on alternate bouts of buying and selling during the session. The NSE Nifty too […]
NEW DELHI: Jet Airways has received its fifth Boeing 737 MAX, as part of its fleet modernization plan in line with its commitment to offer its guests a considerably superior and differentiated flying experience. Since the induction of the airline’s maiden 737MAX (registered as VT-JXA) on 28th June, 2018, another four _ have joined its […]
NEW DELHI: The Indian rupee climbed 35 paise to end at nearly two-week high of 73.48 per dollar Tuesday amid softening crude oil prices and easing concerns over the trade deficit. Traders said foreign fund inflows and greenback weakening against other currencies were the other factors that provided support to the home unit. At the […]
MUMBAI: The BSE Sensex on Tuesday surged 297 points to went past the key 35,000-level, continuing its winning-run for the third straight day amid optimism ahead of quarterly earnings from heavyweights and recovery in the rupee. Meanwhile, the rupee strengthened by 25 paise to 73.58 (intra-day) against the US dollar in the forex market. Besides, […]
NEW DELHI: FMCG brand Olialia World said that it has launched its much-awaited Vazir Pan Masala in India today. Olialia Chairperson and Global Brand Ambassador Anca Verma has rolled out officially after savouring the taste of the first batch of “Olialia Vazir Pan Masala” three days ahead of its commercial rollout on Dusshera on 19th […]
NEW DELHI: State-owned PSU, NBCC (India) that it has signed an Memorandum of Understanding (MoU) with the Ministry of External Affairs (MEA) to construct Mahatma Gandhi International convention centre (MGICC) at Niamey, the largest city and capital of Niger in West Africa. The MoU was signed by Yogesh Sharma, Executive Director, Business Development and Prashant […]
NEW DELHI: International real estate advisor Savills today announced the planned expansion of its Indian business into a full-service platform. The expanded Savills India business will be led by new CEO, Anurag Mathur, and will initally operate from offices in New Delhi, Bangalore, Hyderabad and Mumbai with a focus on delivering the best real estate […]
SHIMLA: The Himachal Pradesh government will soon purchase 30 electric buses to run on various routes in Shimla town, State Transport Minister Govind Singh Thakur said. “These buses will not only provide comfortable travelling facility to the commuters but will also help in checking pollution levels. The purchase orders have already been given after all […]
NEW DELHI: Online financial services marketplace BankBazaar on Monday said former RBI Deputy Governor (DG) S S Mundra has been appointed as an advisor to the company. In a statement BankBazaar said Mundra’s expertise will help in driving 100 per cent paperless and presence-less financing by the company in India. BankBazaar Co-Founder & CEO Adhil […]
NEW DELHI: MG Motor India, a wholly-owned arm of China’s SAIC Motor Corp, will roll out a locally manufactured pure-electric SUV by first half of 2020, within one year of its first product launch in the country, a top company official said on Monday. The company is all set to drive in its first product, […]
