Indian market:Â Sensex down 162.23 pts
Feb 10, 2020, at 05:30 pm
Mumbai/UNI: The BSE Sensex on Monday tumbled down by 162.23 points to settle at 40,979.62, as selling pressure was witnessed across the board amid weak global cues.
West Bengal: FM Amit Mitra presents Rs 2, 55, 677 crore budget for FY 2020-21
Feb 10, 2020, at 05:25 pm
Kolkata/UNI: West Bengal Finance Minister Dr Amit Mitra on Monday placed a Rs 2, 55, 677 crore budget for the year 2020-21 and announced a slew of new welfare schemes.
Auto sector: Overall vehicle sales down by over 13 percent in January
Feb 10, 2020, at 05:05 pm
New Delhi/IBNS: It seems that slowdown in the auto sector continues in 2020 as well as sales dropped 13.83 per cent year-on-year in January across all categories.
Ola launches in London with market-leading safety features and driver support
Feb 10, 2020, at 03:18 pm
Kolkata/IBNS: Ola, one of the world’s largest ride-hailing platforms, is now live in London.
Feb 09, 2020, at 06:54 pm
Kolkata/IBNS: Finance Minister Nirmala Sitharaman on Sunday said the Budget 2020 has laid the foundation for increasing consumption while creating a roadmap for infrastructure development leading to a 5 trillion economy by 2024-25.
HDFC Bank appoints Anjani Rathor as Chief Digital Officer
Feb 09, 2020, at 05:35 pm
Mumbai/IBNS: HDFC Bank Ltd. has appointed Anjani Rathor as its new Group Head - Digital Banking. Anjani has been designated Chief Digital Officer (CDO), and will be responsible for taking the Bank’s digital transformation journey to the next level.
ICC delegation meets Union Fin Minister Nirmala SitharamanÂ
Feb 09, 2020, at 05:01 pm
Kolkata/UNI: The Indian Chamber of Commerce (ICC) delegation led by president Mayank Jalan had a post-budget discussion with Union Finance Minister Nirmala Sitharaman in the city on Sunday.
Loan default case: Anil Ambani tells court that his net worth is 'zero'
Feb 08, 2020, at 05:40 pm
London/IBNS: Anil Ambani, the brother of one of the world's richest persons, Mukesh Ambani, has said his net worth now is zero.
Indian Wood Products (IWP) draws up growth roadmap
Feb 08, 2020, at 01:58 pm
How katha (catechu) - a vital ingredient of the ubiquitous paan (betel leaf savoury) in India - promises robust growth opportunities in the future. As Indian Wood Products (IWP) - the largest manufacturer of katha in the world- gears up to celebrate 2020 as the Centenary Year, India Blooms catches up with Chairman K K Mohta to share his views.
West Bengal Garment Manufactures and Dealers Association celebrated their 50th Buyer-Seller Meet
Feb 08, 2020, at 01:30 am
Kolkata/IBNS: More than 600 national and international brands participated in the Garment Fair recently organised in Kolkata by the West Bengal Garment Manufactures and Dealers Association.
SAIL launches 'Ispaati Ilakon ka Vikas: SAIL ke Sath' scheme for MSME sector
Feb 07, 2020, at 11:59 pm
New Delhi/IBNS: Steel Authority of India Limited(SAIL) has kick-started its participation in the Centre's flagship programme, "Purvodaya-Mission", through a special incentive scheme to boost industrial eco-system around its five integrated steel plants at Bhilai, Rourkela, Bokaro, Durgapur and Burnpur.
LIC records growth of 17.48 pc in January
Feb 07, 2020, at 07:28 pm
Bengaluru/UNI: Life Insurance Corporation of India (LIC), India’s largest life insurer, continues to better its performance, thereby winning people’s trust by crossing Rs 1.5 lakh crore New Business Premium first time in its history and maintaining dominant leadership in this sector.
LIC's partial disinvestment will not lead to its privatisation: LIC Chairman
Feb 07, 2020, at 06:12 pm
Mumbai/IBNS: Disinvestment of a part of the government's share in Life Insurance Corporation(LIC) will not pose difficulties for the employees, according to Chairman of LIC MR Kumar, reported NDTV.
IndusInd Bank slips down by 2.69 pc to Rs 1298.70
Feb 07, 2020, at 06:08 pm
Mumbai/UNI: IndusInd Bank on Friday slipped by 2.69 per cent to Rs 1298.70 to be the top losers in the 30 scrips index of Bombay Stock Exchange (BSE).
Indian Rupee down 21 paise against USD
Feb 07, 2020, at 06:05 pm
Mumbai/UNI: The Rupee on Friday tumbled down by 21 paise to 71.40 against the US Dollar on rising demand for US Dollars by bankers and importers, the dealers at the Forex Market said.
Indian Market: Sensex falls 164.18 pts
Feb 07, 2020, at 06:02 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange (BSE) on Friday declined by 164.18 points to settle at 41,141.85, snapping a gaining streak of last four sessions on profit booking by local operators at higher level.
Airbus signs aircraft services MoU with Adani Defence and Aerospace
Feb 07, 2020, at 05:43 pm
Kolkata/IBNS: Airbus India and Adani Defence & Aerospace signed a Memorandum of Understanding (MoU) at DefExpo 2020 to leverage synergies in aerospace and civil aviation sector.
Govt will not set up a separate fund for Aspirational Districts: Sitharaman
Feb 07, 2020, at 04:52 pm
Mumbai/IBNS: Clarifying government's stand on funding the Aspirational Districts, Finance Minister Nirmala Sitharaman on Friday said the government will not create a separate fund like SC/ST fund for the Aspirational Districts but facilitate reaching of the existing schemes to these districts.
Hero Electric signs MOU with State Bank of India
Feb 07, 2020, at 04:28 pm
New Delhi/IBNS: Biggest electric vehicle brand in India, Hero Electric on Friday announced its partnership with State Bank of India – India’s leading public sector bank – to offer its dealer network inventory financing solutions.
Government intends to simplify tax regime: Nirmala Sitharaman
Feb 07, 2020, at 04:23 pm
Mumbai/IBNS: Neary a week after presenting her second Union Budget, Finance Minister Nirmala Sitharaman on Friday said her government intends to simplify the tax regime of the country.
Dr Reddy's Labs launches Trientine Hydrochloride Capsules in US Market
Feb 07, 2020, at 02:39 pm
Mumbai/UNI Pharma Major Dr Reddy's Laboratories on Friday announced the US launch of Trientine Hydrochloride Capsules a therapeutically equivalent generic version of Syprine (trientine hydrochloride) Capsules, approved by the US Food and Drug Administration (USFDA).
Palaniswami inaugurates Ford Motors' R and D Centre
Feb 06, 2020, at 07:37 pm
Chennai/UNI: Tamilnadu Chief Minister Edappadi K Palaniswami today inaugurated the Rresearch and Development (R and D) centre of Ford Motors at Sholinganallur near here.
Sensex ends firm at 41,306.03 pts, two-week high
Feb 06, 2020, at 07:29 pm
Mumbai/UNI: Extending gains for the fourth straight session, the BSE on Thursday rallied by 163.37 points to end strong at 41,306.03, a two-week-high after the RBI kept the repo rate unchanged at 5.15 per cent and maintained 'accommodative' stance in its sixth bi-monthly monetary policy review of the financial year 2019-20 (FY20).
Rupee rises 3 paise against USD
Feb 06, 2020, at 07:18 pm
Mumbai/UNI: The Rupee on Thursday rose marginally by three paise to 71.19 against the US Dollar on selling of US Dollars by bankers and exporters, the dealers at the Forex Market said.
RBI keeps repo rate unchanged at 5.15 pc
Feb 06, 2020, at 12:48 pm
Mumbai/IBNS: To fight inflation, the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.15 per cent, according to the Bi-monthly Monetary Policy Statement of the central bank.
RBI likely to keep rates unchanged in bimonthly policy meeting
Feb 05, 2020, at 07:50 pm
New Delhi/UNI: The Reserve Bank of India is likely to keep repo rates unchanged at 5.15 per cent at its bimonthly policy meeting on Thursday, as the country battles rising inflation and slowing economy.
Bengaluru-based Strides Consumer forays into eastern India with two new products
Feb 05, 2020, at 04:29 pm
Kolkata/IBNS: Bengaluru-based consumer health care company, Strides Consumer Private Limited (SCPL), recently entered the market in eastern India with two new products.
Gem and jewellery craftsmen of Kolkata to hone their skills at upcoming Common Facility Centre
Feb 05, 2020, at 04:18 pm
Kolkata/IBNS: Kolkata-based artisans working with gem and jewelley will soon be able to take advantage of a Common Facility Centre (CFC) where they can work with modern tools and techniques.
Feb 04, 2020, at 11:40 pm
Kolkata/IBNS: ASSOCHAM Chairman PC Mody, while talking about the thought process that went in drafting Budget 2020 at the body's Post-Budget Conference to analyse tax-related proposals, said their focus was on promoting voluntary tax compliance, facilitate the compliant taxpayer and go after the delinquent ones.
Tatas and Singapore Airlines close to Air India acquisition: Report
Feb 04, 2020, at 07:54 pm
Mumbai/IBNS: Singapore Airlines and the Tatas are inching close to acquire the financially-hit national carrier Air India, an Economic Times report said.