Amid lockdown over COVID-19, Sensex, Nifty witness biggest loss ever
Mumbai/IBNS: Amid the spike in the number of positive cases of COVID-19, the Indian market on Monday witnessed an all-time low with Sensex losing 3,934 points to 25,981 and Nifty closing at 1,135 points lower at 7,610.
Excise duty increased on petrol and diesel by Rs 3 per litre
New Delhi/UNI: In the aftermath of the fall in crude oil prices in the international market, the Government has hiked the excise duty on petrol and diesel by Rs three a litre.
Indian Rupee ends up by 30 paise against USD
Mumbai/UNI: Erasing Thursday's losses, the Rupee on Friday smartly recovered by 30 paise to end strong at 73.92 on selling of US Dollars by bankers and exporters, dealers at Forex Market said.
Arcelor Mittal Nippon Steel India acquires Bhander Power plant
New Delhi/IBNS: ArcelorMittal Nippon Steel India (AM/NS India) on Tuesday announced that it has completed the acquisition of Bhander Power Plant in Hazira, Gujarat from Edelweiss Asset Reconstruction Company.
Dubai firm threatens to move court against Maharashtra govt over a multi-billion dollar project
Dubai/Mumbai/IBNS: A Dubai firm has threatened to take a legal step against the Maharashtra government for delaying a multi-billion dollar project which is aimed to redevelop Dharavi, a slum area in the Mumbai city of India with a population of about 700,000 people, Gulf News reported.
Apple to open first online store for Indian market
New Delhi/IBNS: Apple will open its first online store in India and is currently seeking approval from the Indian government, said Apple CEO Tim Cook, in a shareholder meeting in Cupertino, California, reports said.
India-based digital firm IncFrog enters the thriving startup ecosystem of Singapore
Singapore/IBNS: India-based IncFrog, a digital business services provider, is all set to expand its footprint in Singapore as part of its plans to make inroads into the Lion City and its neighbourhoods.
Measures to save economy after Coronavirus outbreak to be announced soon: Sitharaman
New Delhi/UNI: Finance Minister Nirmala Sitharaman on Tuesday said discussions were held with exporters, importers and representatives of various industry organizations to discuss the economic effects after the outbreak of the Coronavirus in China and measures will be announced soon after talking to various departments.
nCov in China impacts leather goods industry of Eastern India
Kolkata/UNI: The raging novel coronavirus in China has dealt a body blow to the leather goods industry of Eastern India as it stares at a Rs 300 crore loss.
India's retail inflation touches 7.59 pct in January
New Delhi/IBNS: Giving no relief to the common people of the country, India's retail inflation, measured by Consumer Price Index, touched 7.59 percent in January, government data released on Wednesday revealed.
Auto sector: Overall vehicle sales down by over 13 percent in January
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.
Eight core industries growth stands at 1.3 per cent in Dec 2019
New Delhi/UNI: The combined Index of Eight Core Industries of December 2019 increased by 1.3 per cent as compared to the index of the same month in 2018, according to government data on Friday.
VST signs MoU with Czech Republic's Zetor Tractors
Bengaluru/UNI: Homegrown tractor and farm machinery manufacturing company VST tillers tractors on Saturday entered into a Memorandum of Understanding (MoU) with Czech Republic based Zetor Tractors.
Mercedes-Benz launches first Fast Lane Repair prog in India
Ahmedabad/UNI: India's largest luxury car maker, Mercedes-Benz on Thursday launched a one-of-it's-kind innovative service programme 'Fast Lane Body and Paint Repair,' a first in the country, here.
Cabinet approves MoU between India and Brazil for cooperation in the oil and natural gas sector
New Delhi/IBNS: The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval for the signing of the Memorandum of Understanding (MoU) between Republic of India and Federative Republic of Brazil on cooperation in the field of oil and natural gas.