Uber resumes services for airport travel in Kolkata
Jun 02, 2020, at 08:33 pm
Kolkata/IBNS: Uber is restarting its airport transportation service in Kolkata following a resumption of domestic air travel.
Moody's downgrades India's rating to Baa3. Check how business community reacted
Jun 02, 2020, at 08:04 pm
New Delhi/Mumbai/IBNS: For the first time in more than two decades, Moody's Investors Service, which is the bond credit rating business of Moody's Corporation, has downgraded India's rating from 'Baa2' to 'Baa3' besides estimating the country's Gross Domestic Product (GDP) to shrink by 4 per cent.
ICICI Bank commits Rs. 4 crore towards West Bengal cyclone relief
Jun 02, 2020, at 07:02 pm
Kolkata/IBNS: ICICI Bank on Tuesday announced that it has committed Rs. 4 crore to aid the West Bengal government in its efforts to provide relief and assistance in the areas affected by cyclone Amphan.
Datsun launches the all-new redi-GO in India
Jun 02, 2020, at 06:58 pm
Kolkata/IBNS: Automobile maker Datsun announced the launch of the new redi-GO in India on Tuesday.
Indian Market: Sensex up by 522 pts
Jun 02, 2020, at 04:48 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Tuesday rallied by 522.01 pts to settle at 33,825.53 on strong global cues.
TVS Motor May 2020 total sales stands at 58,906 units
Jun 02, 2020, at 04:17 pm
Mumbai/UNI: TVS Motor has reported a total sale of 58,906 units during the month of May 2020.
Ashok Leyland's May 2020 sales down by 89 pc
Jun 02, 2020, at 04:15 pm
Mumbai, Jun 2 (UNI) Commercial vehicle major Ashok Leyland has reported a decline of 89 pc in its total sales for the month of May 2020 at 1420 units as against 13,172 units in May 2019.
Royal Enfield Motorcycles May sales moves down by 69 pc
Jun 02, 2020, at 04:11 pm
Mumbai/UNI: Eicher Motors has reported a decline of 69 per cent in it's Royal Enfield motorcycles sales for the month of May 2020 at 19,113 motorcycles, as compared to 62,371 units in May 2019.
Indian Rupee surges 18 paise against USD
Jun 02, 2020, at 04:01 pm
Mumbai/UNI: The Rupee on Tuesday rose 18 paise to close at 75.36 against the US Dollar on brisk selling of the American currency by bankers and exporters, dealers at Forex Market said.
Rs 50,000 cr worth 3 schemes launched to make India self-sufficient in electronic products
Jun 02, 2020, at 03:54 pm
New Delhi/UNI: The government on Tuesday announced three new schemes at a cost of about Rs 50 thousand crore with the aim of making the world's top country in mobile phone production, as well as to speed up the production of electronic products.
Industry should take advantage of global trust developed in India: PM Modi
Jun 02, 2020, at 02:42 pm
New Delhi/UNI: Prime Minister Narendra Modi on Tuesday said the world is looking for a trusted, reliable partner and in India, there is potential, strength, ability, so the industry should take full advantage of the trust that has developed towards India.
COVID-19 fallout to cost US economy 7.9 tln USD over next decade: CBO
Jun 02, 2020, at 09:40 am
Washington/Xinhua/UNI: Fallout from the COVID-19 pandemic will shrink the size of the U.S. economy by 7.9 trillion U.S. dollars over the next decade, according to new projections released by the Congressional Budget Office (CBO) on Monday.
Jun 01, 2020, at 11:49 pm
New Delhi/IBNS: In a big boost to the Micro, Small and Medium Enterprises, the Union Cabinet chaired by Prime Minister Narendra Modi, on Monday cleared a Rs 20,000-crore debt scheme, which is expected to help nearly 2 lakh MSMEs raise funds following the anti-coronavirus lockdown.
Indian Market: Sensex ends strong at 33,303.52 pts; 879.42 pts up
Jun 01, 2020, at 05:16 pm
Mumbai/UNI: Benchmark Index of Bombay Stock Exchange on Monday zoomed by 879.42 pts, breaching 33K level to 33,303.52 on strong gloy cues and buying was seen across the board.
Escorts Agri Machinery sells 6,594 tractors in May
Jun 01, 2020, at 04:04 pm
Mumbai/UNI: Escorts Ltd on Monday said that its Agri Machinery Segment (EAM) sold 6,594 tractors In May 2.2. against 6,827 tractors sold in May 2019.
Mahindra's Auto sector sells 9,560 vehicles in May 2020
Jun 01, 2020, at 03:56 pm
Mumbai/UNI: Mahindra & Mahindra Ltd (M&M) overall automotive sales (Domestic + Exports) stood at 9,560 vehicles in May 2020, compared to 45,421 vehicles during May 2019May 2020.
Mahindra's FES sells 24,341 units in May
Jun 01, 2020, at 03:55 pm
Mumbai/UNI: Mahindra & Mahindra Ltd's Farm Equipment Sector (FES), total tractor sales (Domestic + Exports) during May 2020 were at 24,341 units, as against 24,704 units for the same period last year.
MG Motor India May retails sale stands at 710 units
Jun 01, 2020, at 03:48 pm
Mumbai/UNI: MG Motor India has recorded 710 retail sales for the month of May 2020, amidst supply chain constraints.
Indian Rupee up 8 paise against USD
Jun 01, 2020, at 03:36 pm
Mumbai/UNI: The Rupee on Monday advanced 8 paise to close positive at 75.54 against the US Dollar on selling of the greenback by bankers and exporters, dealers at Forex Market said.
France's Renault to slash around 15,000 jobs worldwide
May 29, 2020, at 08:29 pm
Paris/Xinhua/UNI: France's second leading carmaker Renault on Friday announced that it would cut 14,600 posts worldwide and reduce production capacity over the next three years in order to save 2 billion euros (2.22 billion US dollars) and focus on profitable segments of activities.
Italy might face up to 1Mln job cuts due to COVID-19 pandemic
May 29, 2020, at 08:22 pm
Rome/Sputnik/UNI: From 700,000 to 1 million people in Italy might lose their jobs due to the economic effects of the COVID-19 pandemic, the head of industrial employers group Confindustria, Carlo Bonomi, said on Friday.
May 29, 2020, at 08:01 pm
Kolkata/IBNS: Kolkata-based Bengal Chamber recently organized an online panel discussion on "COVID-19 - The Changing Landscape of India's Financial Sector - What Lies Ahead" to focus on the new era banking role, strategies for empowering small players, mutual funds and understanding market, health insurance, general insurance and life insurance strategies in the pandemic affected world.
Bank of India reduces MCLR, MSME, housing and auto loan interest rates
May 29, 2020, at 06:06 pm
Mumbai: Bank of India has reduced its Benchmark Marginal Cost of Funds Lending Rate (MCLR) by 25 bps across all tenors. The one year MCLR is now at 7.70% p.a.
Lockdown: India’s Core sector output contracts by 38.1 pct in April
May 29, 2020, at 06:02 pm
New Delhi/IBNS: Reflecting the impact of the nationwide lockdown to fight against COVID-19, production output of eight core industries shrunk by -38.12 in April 2020%, as per data released by the Indian government on Friday.
Indian Market: Sensex rallied by 223.51 points
May 29, 2020, at 05:42 pm
Mumbai/UNI: The Indian Equity market maintained its positive trend for the third straight session on Friday, as BSE Sensex advanced by 223.51 points to close high at 32,424.10 on brisk buying in Realty, Oil and Gas, Health Care, FMCG and Capital Goods stocks.
Indian Rupee declines by 4 paise against USD
May 28, 2020, at 05:27 pm
Mumbai/UNI: The Rupee on Thursday eased by four paise to close negative at 75.75against the greenback on rising demand for US Dollar by bankers and importers, dealers at Forex Market said.
L& T moves up by 6.17 pc to Rs 903.05
May 28, 2020, at 05:12 pm
Mumbai/UNI: L & T on Thursday rallied by 6.17 per cent to Rs 903.05 a major gainer in 30 scrips of BSE.
Indian market: Sensex shines, surges by 595.37 points
May 28, 2020, at 05:09 pm
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Thursday shot up by 595.37 points to close high at 32,200.59 on brisk buying in Capital Goods, Auto, Industrials and Realty stocks ahead of the expiry of futures and options contracts of May series.
Indian Market: Sensex advanced over 200 pts
May 28, 2020, at 12:31 pm
Mumbai/UNI: The BSE Sensex on Thursday rallied by 222 points to open at 31,827.80 on renewed buying in the Finance, Bankex and Capital Goods, ahead of the expiry of futures and options contracts of May series, amid positive Asian Market.
Indian Rupee down by 17 paise against USD
May 28, 2020, at 11:42 am
Mumbai/UNI: The Rupee on Thursday slipped by 17 paise to 75.88 against USD