Indian Rupee up by 7 paise against USD

Jan 15, 2020, at 06:00 pm

Mumbai/UNI: The Rupee on Wednesday moved up by seven paise at 70.81 against the US Dollar on fresh buying of US Dollars by bankers and exporters, the dealers at the Forex Market said.

L&T Infotech Q3 consolidated net profit marginally shoots up at Rs 377.3 crore

Jan 15, 2020, at 05:08 pm

Mumbai/UNI: Larsen & Toubro Infotech has reported a marginal increase in its net profit for the quarter ended December 31, 2019 at Rs 377.3 crore as against Rs 375.5 crore for the quarter ended December 31, 2018.

IndusInd Bank moves down by 5.44 pc to Rs 1400.60

Jan 15, 2020, at 04:59 pm

Mumbai/UNI: IndusInd Bank on Wednesday tumbled down by 5.44 pc to Rs 1400.60 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).

Indian Market: Sensex declines 79.90 points

Jan 15, 2020, at 04:48 pm

Mumbai/UNI:  The benchmark index of Bombay Stock Exchange (BSE) on Wednesday slipped by 79.90 points to settle at 41,872.73 on profit booking by local operators amid weak global cues.

Tata Altroz earns the 5-star adult safety rating from Global NCAP

Jan 15, 2020, at 04:44 pm

Mumbai/IBNS: Automobile major Tata Motors on Wednesday announced that its premium hatchback - the Altroz has become the latest recipient of the 5-star adult safety rating from Global NCAP, the foremost global car assessment programme.

Maharashtra: Demonstration held against Amazon, Flipkart for distorting local retail market

Jan 15, 2020, at 04:42 pm

Kolhapur/UNI: Kolhapur Chamber of Commerce and Industry (KCCI) on Wednesday staged demonstrations against e-commerce giants Amazon and Flipkart for allegedly distorting local retail market.

Amazon to invest USD 1 billion to digitise MSMEs

Jan 15, 2020, at 03:49 pm

New Delhi/UNI: Amazon on Wednesday announced its plans to invest USD 1 billion to digitally enable micro, small, and medium enterprises (MSMEs) and traders across India, including manufacturers, resellers, local offline shops, and brands, said company's founder and CEO Jeff Bezos here.

NAREDCO launches India's first e-commerce housing portal ‘HousingForAll.Com’

Jan 15, 2020, at 01:25 pm

New Delhi/IBNS: National Real Estate Development Council (NAREDCO), an apex body, formed under the aegis of Union Ministry of Housing & Urban Affairs, announced the country's first e-commerce housing portal - ‘HousingForAll.Com’, to create a trusted, secured and seamless journey for home buyers in India and abroad, along with giving a boost to  Prime Minister Narendra Modi's 'Housing for All' and 'Digital India' initiatives.

Ducati closes 2019 on a high, with bike sales topping 53,000

Jan 14, 2020, at 05:44 pm

Borgo Panigale, Bologna/UNI: Automobile major Ducati Motor Holding closes 2019 with 53,183 bikes delivered to customers worldwide, nudging last year's figure of 53,004 bikes even higher.

India's WPI inflation moves up to touch 2.59 percent in Dec from 0.58 percent in November

Jan 14, 2020, at 05:27 pm

New Delhi/UNI: The annual rate of inflation, based on monthly Wholesale Price Index, stood at 2.59 per cent for December 2019 over the same month last year as compared to 0.58 per cent for the previous month, according to data released by the Commerce and Industry Ministry on Tuesday.

Indian Rupee rises 8 paise against USD

Jan 14, 2020, at 05:17 pm

Mumbai/UNI:  The Rupee rose eight paise to 70.86 against the US Dollar on Tuesday on selling of the greenback by bankers and exporters, dealers at the Forex Market said.

Indian market: Sensex ends at new highs at 41,952.63 pts

Jan 14, 2020, at 05:10 pm

Mumbai/UNI:  The benchmark index of Bombay Stock Exchange (BSE) on Tuesday rallied by 92.94 points at 41,952.63 as most of stocks were surged amid positive global cues.

HeroMoto Corp moves up by 2.15 pc to Rs 2417

Jan 14, 2020, at 05:08 pm

Mumbai/UNI:  HeroMoto Corp on Tuesday surged by 2.15 pc to Rs 2417 to be the top gainers in the 30 scrips index of Bombay Stock Exchange (BSE).

Michael Debabrata Patra becomes RBI Deputy Governor

Jan 14, 2020, at 05:06 pm

New Delhi/UNI:  The government on Tuesday appointed Michael Debaprata Patra as the Deputy Governor of the Reserve Bank of India (RBI).

Bajaj Auto opens bookings for Chetak in Pune, Bangalore

Jan 14, 2020, at 04:55 pm

Kolkata/UNI:  Two-wheeler manufacturer Bajaj Auto today announced the formal launch of the much-awaited new Chetak.

Flipkart strengthens its supply chain, opens two of its largest fulfillment centres in Haryana

Jan 14, 2020, at 04:48 pm

Kolkata/Gurugram/IBNS: Flipkart, India’s homegrown e-commerce marketplace, on Tuesday announced the strengthening of its supply chain infrastructure, with the expansion of its footprint in Farrukhnagar, Haryana through the inauguration of two of its largest fulfilment centres (FCs).

Career Central Banker Michael Patra appointed as RBI Deputy Governor

Jan 14, 2020, at 03:55 pm

Mumbai/IBNS: The government on Tuesday appointed Career Central Banker Michael Patra as the Deputy Reserve Bank of India (RBI) Governor, media reports said.

Oil prices down 5 pc on year amid supply worries

Jan 14, 2020, at 10:30 am

New York/Sputnik/UNI: Oil prices closed down for a fifth day in a row, falling as much as 5 percent on the year, as traders and investors focused on the possibility of oversupply in crude amid dissipating tensions that initially threatened tanker movements in the Middle East.

Tata Motors opens bookings for its BS-VI Passenger Vehicles Range

Jan 13, 2020, at 06:05 pm

Mumbai/IBNS: Automobile major Tata Motors on Monday announced the bookings open of its completely refreshed product portfolio, which will consist of the BS-VI models of the Tiago, Tigor, and the Nexon.

India's retail inflation moves up sharply to 7.35 percent in Dec 2019

Jan 13, 2020, at 05:59 pm

New Delhi/IBNS: India's  Consumer inflation has moved up sharply to touch 7.35 percent in December, official figures released on Monday said.

Paytm Bank becomes largest issuer of FASTags

Jan 13, 2020, at 04:31 pm

Mumbai/UNI: Paytm Payments Bank on Monday said that it has become the largest FASTag issuer in India.

Indian Railways signs MoU with RailTel for Phase 2 of e-Office Execution

Jan 13, 2020, at 03:50 pm

New Delhi/IBNS: After the successful completion of the Phase 1 execution of NIC e office for 50000 users in 58 units, Indian Railways has signed MoU with RailTel, a miniratna PSU under Ministry of Railways, for the phase 2 of the project.

Nissan accelerates contingency plan for split from Renault alliance

Jan 13, 2020, at 10:13 am

Moscow/Sputnik/UNI: The senior management at the Japanese car manufacturer, Nissan, has accelerated the development of secret contingency planning for a possible split from the Renault-Nissan-Mitsubishi alliance following ex-Nissan chairman Carlos Ghosn's scandalous escape to Lebanon after skipping bail in Tokyo, where he was to be tried over alleged financial misconduct, the Financial Times newspaper reported.

Sensex, Nifty touch all-time high figures during early trade

Jan 13, 2020, at 10:07 am

Mumbai/IBNS: The Indian market opened in green during early morning trade with the Sensex moving up by 250 points on Monday.

Mission Purvodaya will drive India's march towards $5 trillion economy

Jan 11, 2020, at 11:57 pm

Kolkata/UNI: Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan today launched Purvodaya: Accelerated development of eastern India through integrated steel hub in the city and said Mission Purvodaya will drive India’s march towards $5 trillion economy.

China's Hongqi to launch 21 new car models in five years

Jan 11, 2020, at 06:49 pm

Changchun/Xinhua/UNI: China's leading automaker FAW Group said that 21 new models will be launched in the next five years under its iconic brand Hongqi, with annual sales expected to exceed 600,000 units by 2025.

Odisha government approves three investment proposals worth Rs. 17,833 cr in core sectors

Jan 10, 2020, at 07:46 pm

Bhubaneswar/IBNS: The Odisha government approved three investment proposals worth Rs 17,833 crore which is expected to create 6539 new jobs.

Cholamandalam Finance raises INR 4 billion Tier-II debt from CDC Group

Jan 10, 2020, at 07:35 pm

Chennai/IBNS: Cholamandalam Investment and Finance Company Limited (CIFCL) has raised INR 4 billion (c.$57 million) from CDC Group Plc (CDC), the United Kingdom’s Development Finance Institution and impact investor through the issuance of unsecured, subordinated, Rupee Denominated Masala Bonds.

Invoicemart onboards LDC India

Jan 10, 2020, at 07:19 pm

New Delhi/IBNS: Invoicemart, an Axis Bank-backed TReDS (Trade Receivable Discounting System) platform and one of India’s leading digital invoice discounting marketplaces, has on-boarded Louis Dreyfus Company India Pvt Ltd (LDC India), a global merchant and processor of agricultural goods.

Packaging Industry in India to reach USD 73.6 bn by 2020 : IIP

Jan 10, 2020, at 06:32 pm

Hyderabad/UNI: Packaging industry in India is anticipated to reach US $ 73.6 billion by 2020 and it is predicted to grow at the rate 18 per cent annually, Indian Institute of Packaging(IIP) – Hyderabad Chapter said on Friday.