BUSINESS

Rupee rises 27 paise to 71.07 against USD in early trade

Mumbai, Sep 20: The rupee appreciated by 27 paise to 71.07 against the US dollar in early trade on Friday as gains in domestic equity market enthused investors. At the interbank foreign exchange the rupee opened at 71.19, then gained further ground and touched a high of 71.07, registering a rise of 27 paise over its previous close. Rupee had settled at 71.34 against the US dollar on Thursday.

Sensex drops over 200 pts; ICICI Bank, TCS top laggards

Mumbai, Sep 19: Domestic equity benchmark BSE Sensex dropped over 200 points in early session on Thursday, dragged by losses in index heavyweights Yes Bank, TCS and Infosys, amid unabated foreign fund outflow and mixed global cues. The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader Nifty slipped 64.65 points, or 0.60 per cent, to 10,776.

Jio to be in top 100 most valuable global brands in 3 yrs: Report

New Delhi, September 18: Billionaire Mukesh Ambani's telecom venture Jio will be among the 100 most valuable brands globally within three years, says a report. The 'Top 100 Most Valuable Global Brands 2019 report' by communication services provider WPP and market research firm Kantar Millward Brown ranked Amazon the world's most valuable brand ahead of Apple and Google.

Daikin launches Split AC for INR 16,400 plus taxes

Jammu, September 18: Daikin Air-conditioning India Pvt. Ltd., a 100% subsidiary of Daikin Industries Ltd., Japan – the world’s no.1 air-conditioning company presents India, a split AC indigenously conceptualised & manufactured for the discerning Indian consumers priced at INR 16,400* plus taxes on the occasion of Daikin’s 95th Anniversary.

Havells Announces Vicky Kaushal as the Brand Ambassador for Its Men's Personal Grooming Range

New Delhi, Sep 18: Further deepening connection with style-savvy, quality conscious consumers, Havells India Limited today announced Vicky Kaushal as the Brand Ambassador for its male grooming products. The Company also announced newest additions to its male grooming portfolio with its patented BT 9000 series of Havells Trimmers.

Govt scraps 5 pc import duty on open cell TV panel

New Delhi, Sep 18: In a bid to boost domestic manufacturing, the government has removed 5 per cent custom duty imposed on import of open cell TV panel, which are used in the manufacturing of LED TVs. The move would also help to reduce the price of TV panel by around three per cent. In a late night notification on Tuesday, the Ministry of Finance said "open cell, (15.

44 lawmakers urge Trump admin to reinstate GSP for India

Washington, Sept 18: A bipartisan group of 44 influential lawmakers has urged the Trump administration to reinstate India's designation as a beneficiary developing nation under the key GSP trade programme as part of a potential trade deal between the two countries. The Trump administration terminated India's designation as a beneficiary developing nation under the Generalized System of Preferences (GSP) in June.

Sensex rebound over 200 points; energy stocks jump as oil prices cool off

Mumbai, Sep 18: Domestic equity benchmark BSE Sensex jumped over 200 points in early session on Wednesday, driven by gains in energy and banking stocks, amid positive global cues. The 30-share index was trading 186.94 points, or 0.51 per cent, higher at 36,668.03 at 0930 hours, while the broader Nifty rose 43.15 points, or 0.40 per cent, to 10,860.75. In the previous session, the BSE barometer plunged 642.22 points, or 1.

Panasonic strengthens it washing machine portfolio, launches new models featuring 'flexible 2 way washing technology'

Air India Assets Holdings' maiden bond issue fully subscribed; raises Rs 7,000 cr

New Delhi, September 16: Air India Assets Holdings Ltd (AIAHL) on Monday raised Rs 7,000 crore through bonds issue, which was oversubscribed. AIAHL is a special purpose vehicle of national carrier Air India. As part of efforts to clean up the balance sheet of Air India, which has a debt burden of more than Rs 58,000 crore, little over half of the amount is to be repaid by way of proceeds from the issuance of bonds by AIAHL.

Rupee tumbles 68 paise to 71.60/USD in early trade on sharp rise in crude prices

Mumbai, Sep 16: The rupee tumbled by 68 paise to 71.60 against the US currency in early trade on Monday, as a sharp jump in global crude oil prices dampened investor sentiments. Forex traders said market participants were concerned as the drone attack on Saudi Arabia's oil facilities has stroked fiscal slippage concerns.

Vistara plans revamp of its frequent-flyer programme

By Deepak Patel New Delhi, September 15: Vistara is planning a complete revamp of its frequent-flyer programme "Club Vistara" by increasing the number of partner companies across different segments and moving to a dynamic award-pricing system, a top airline official has said.

Govt to come up with agri-mall for farmers in Jammu

Jammu, September 15: A multi-facility agricultural mall will be constructed in Jammu at Bishnah at a cost of Rs 70 crore to provide various facilities to farmers under one roof, officials said on Sunday. The proposed mall is a part of infrastructure development project and a similar project has also been sanctioned for Kashmir division, the officials said.

FM announces Rs 70,000 cr package for exports, real estate sectors to boost growth

New Delhi, Sep 14: Finance Minister Nirmala Sitharaman on Saturday announced an over Rs 70,000 crore package for the exports and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year low growth rate.

Delhi court allows Robert Vadra to travel abroad on business

New Delhi, Sep 14: A Delhi court Friday allowed Robert Vadra, son-in-law of Congress chief Sonia Gandhi, to travel abroad on business, saying the ED's apprehension that he might tamper with evidence was without any basis. Special judge Arvind Kumar granted permission to Vadra to travel to Spain from September 21 to October 8.

Ambuja Cement Joins Hands with Indian Cricket Team as Official Partner for the Tournament Against South Africa

Mumbai: Business Wire India This partnership with the Indian team is part of the agreement signed with the BCCI The association promises great value proposition to Ambuja Cement Ambuja Cements Ltd, a part of the global conglomerate LafargeHolcim and one of the leading cement manufacturing companies in India, has announced its association with Indian Cricket Team as the Official Partner for the upcoming six-match tournament against South Africa.

Apollo Tyres sharpens focus on SUV segment in India

Jammu, September 13: Apollo Tyres today introduced the all-terrain tyres, Apollo Apterra AT2, for the SUV enthusiasts. This all-terrain tyre complements Apollo’s existing Apterra range including specialised Highway Luxury (HL), Highway Terrain (HT), High Performance (HP) and the All Terrain (AT) tyres for the SUVs.

Markets climb on rate cut hopes, firm global cues; notch up weekly gains

Mumbai, September 13: Benchmark indices finished with smart gains on Friday as investors wagered on another rate cut by the RBI following subdued inflation data amid a broad upmove in global equities on signs of easing US-China trade tensions. A strengthening rupee and foreign capital inflows added to the buying momentum, traders said.

Lord Mayor of London leads fintech mission to India

By Aditi Khanna London, September 13: The Lord Mayor of the City of London will lead a five-day trade mission to India next week with a delegation of financial technology companies from Britain to boost India-UK ties in innovation and fintech.

India's GDP growth rate 'much weaker' than expected: IMF

By Lalit K Jha Washington, September 13: India's economic growth is "much weaker" than expected, according to the IMF, which attributed it to the corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. India's GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years, according to latest official data.

Gold prices fall Rs 74 on stronger rupee

New Delhi, September 12: Gold prices on Thursday fell Rs 74 to Rs 38,775 per 10 gram at the bullion market here on a stronger rupee against the dollar, according to HDFC Securities. Prices of silver witnessed a marginal fall, slipping Rs 10 to Rs 48,590 per kilogram in the national capital. HDFC Securities Senior Analyst (Commodities) Tapan Patel said spot gold prices for 24 Karat (99.

Reliance Industries, World's largest polyester fiber maker, aims to make 'sustainable clothing' affordable

‘Sustainable fashion’ is becoming a buzz word in the fashion industry as large corporates, textile manufacturers, fashion designers and renowned fashion houses are aggressively putting their act together to meet the burgeoning demand for sustainable fashion apparels.

Rupee slips 13 paise to 71.84 against USD in early trade

Mumbai, Sep 11: The rupee opened on a cautious note and fell 13 paise to 71.84 against the US dollar in early trade on Wednesday amid rising crude oil prices and unabated foreign fund outflows. At the Interbank Foreign Exchange, the rupee opened at 71.82 then fell to 71.84 against the US dollar, showing a decline of 13 paise over its previous closing. The Indian rupee on Monday had closed at 71.71 against the US dollar.

Govt to procure apples from JK farmers directly; payment through DBT

New Delhi, Sept 10: Apples cultivated in Jammu and Kashmir will be procured directly from farmers by the government-run NAFED and the entire process will be completed by December 15, officials said on Tuesday.

Exhibition to showcase hand-woven textile of Varanasi

New Delhi, Sep 10: As many as 46 textile objects, hand-woven on traditional Indian drawlooms, are put on display at an exhibition showcasing the finest trends of contemporary weaving from Varanasi. The exhibition, "Pra-Kashi: Silk, Gold and Silver from the City of Light", was inaugurated by the Minister of State for Culture & Tourism Prahlad Singh Patel at the National Museum here on Monday.

Gold prices drop Rs 300; silver tumbles Rs 1,400

New Delhi, Sep 9: Prices of gold on Monday declined Rs 300 to Rs 39,225 per 10 gram at the bullion market here, in absence of demand and a stronger rupee, according to HDFC Securities. Silver was also on weak ground, tumbling Rs 1,400 to Rs 48,500 per kilogram. "Spot gold prices for 24 karats (99.

Sensex recovers 162 pts; auto stocks cap gains

Mumbai, Sep 4: A day after the massive plunge, the BSE benchmark Sensex on Wednesday recovered by nearly 162 points on the emergence of buying mainly in metal and banking counters, but the gains were capped by auto stocks. Likewise, the NSE gauge Nifty rose 47 points to settle above the key 10,800-mark. After swinging 367 points in a highly volatile session, the 30-share index ended 161.83 points, or 0.44 percent, higher at 36,724.74.

DGCA suspends SpiceJet pilot for mishearing ATC which led to runway incursion in Mumbai

By Deepak Patel New Delhi, August 31: Aviation regulator DGCA on Saturday suspended a first officer of SpiceJet for three months for mishearing an Air Traffic Control clearance, due to which he gave incorrect direction to the pilot-in-command (PIC), causing runway incursion at Mumbai airport, said a source.

EEPC seeks alternative to interest subvention scheme

Kolkata, August 31: Engineering Export Promotion Council (EEPC) of India has sought an alternative to interest subvention scheme as the WTO has been raising its objection to it, an official said on Saturday. The Union government has been providing interest subvention to the extent of three to five per cent on bank credit, EEPC India Chairman Ravi Sehgal said here on Saturday.

Stocks recover from early sharp losses; Yes Bank, IT shares lead rebound

Mumbai, Aug 23: Market benchmark BSE Sensex pared early sharp losses on the back of a rebound in oil, IT and banking stocks amid reports that the government may roll back the surcharge on foreign portfolio investors. The 30-share index was trading higher by 20.06 points or 0.05 percent at 36,492.99 points in the afternoon session as 20 of its constituents gained. The broader NSE Nifty rose by 34.55 points or 0.32 percent to 10,775.

SOTC Launches Holidays to Western Australia

Mumbai, August 16: SOTC Travel has announced the launch of two new exquisite holiday experiences in Western Australia (WA). Tailored to the new-age traveller, the new holiday experiences include 'Customised Holidays' and 'Self-Drive Customised Holidays', the tours have been curated for adventure seekers, families and honeymooners keen to visit the unexplored and the beautiful state of Western Australia.

Sonata Software Limited Announces Partnership With Agastya International Foundation to Support Creativity and Innovative Thinking in Rural Schools

BANGALORE, Aug. 16, 2019: Sonata Software Limited, a global IT solutions company announced its partnership with Agastya International Foundation to help spark curiosity and interest in science and mathematics in school students in rural areas, under its Corporate Social Responsibility initiatives. The three-year project, funded to the tune of Rs.

HDFC Bank releases its 1st Integrated Report

Jammu, August 16: HDFC Bank has released its first ever Integrated Report. It has disclosed that the Bank has impacted over 5 crore lives through its social initiative Parivartan as on March 31, 2019. An Integrated Report gives a holistic picture of the value created for not just shareholders but all its stakeholders including customers, employees, and society at large.

Jio Fiber to launch on Sep 5

Mumbai, August 12: Billionaire Mukesh Ambani on Monday announced the roll-out of 'Jio Fiber' from September 5, promising free voice calls for life from landlines, 100 mbps minimum broadband speed at subscription starting from Rs 700 a month and free HD TV set on a commitment to an annual plan.

BP to pay Rs 7,000 cr for 49 pc stake in Reliance's fuel retail network

Mumbai, Aug 12: British energy giant BP will pay about Rs 7,000 crore for acquiring a 49 percent stake in Reliance Industries' fuel retailing network, billionaire Mukesh Ambani said on Monday. Last week, the two firms had announced a new joint venture to set up petrol pumps and retail aviation turbine fuel to airlines in India.

Reliance to sell 20 pc in oil, chemical business to Saudi Aramco for USD 15 bn

Mumbai, August 12: Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about USD 15 billion (approximately Rs 1.06 lakh crore) and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore, its chairman Mukesh Ambani said on Monday.

Sensex rebounds over 200 pts; Nifty above 10,900

Mumbai, Aug 6: Domestic equity benchmark BSE Sensex rebounded over 200 points and the NSE Nifty reclaimed the 10,900 level in early trade on Tuesday led by gains in banking and auto stocks. The 30-share index was trading 214.96 points or 0.59 percent, higher at 36,914.80 at 0930 hours. Similarly, the broader NSE Nifty was quoting 68.65 points, or 0.63 percent, up at 10,931.25.

Blue Dart Sales at Rs 786.55 crores for the Quarter April-June 2019

Mumbai, August 01: Blue Dart Express Limited, South Asia's premier express air and integrated transportation, distribution and logistics Company, today declared its financial results for the quarter ended June 30, 2019, at its Board Meeting held in Mumbai. The company posted Rs 4.59 crores profit after tax for the quarter ended June 30, 2019. Revenue from operations for the quarter ended June 30, 2019 stood at Rs 786.55 crores.

Sensex crashes 700 points in late-afternoon trade; Nifty below 11,000

Mumbai, Aug 1: The BSE Sensex tanked 713.50 points to 36,767.62 in late-afternoon trade on Thursday, while the NSE Nifty dived 222.80 points to 10,889.55, led by a sharp sell-off in auto, banks, and metal stocks. In the Sensex pack, Vedanta took the biggest hit (5.81 percent), followed by Tata Motors, SBI, Yes Bank, Bharti Airtel, and Infosys, sliding up to 5.53 percent.

Amway India staged its first ever Skin Care & Make up Masterclass

Jammu, August 01, 2019: Amway India, the country’s largest direct selling company organized a Skin Care & Make up masterclass for its direct sellers in Jammu. The beauty masterclass provided an opportunity to Amway’s direct sellers to experience its top 10 products from the Essentials by Artistry daily care & special care range, Artistry Youth Xtend Anti-Ageing range as well as Attitude Be Bright Herbals range and Attitude Colors range.

SBI vows to stand strong with Auto dealers

New Delhi, July 31: State Bank of India (SBI) had invited Federation of Automobile Dealers Associations (F A D A) and Mumbai Auto Dealers for a meeting in Mumbai on 29th July to discuss the current state of Auto Retail.There were various topics which got discussed including easing of liquidity from Bank's side, increase in credit repayment days on a case to case basis and how SBI can improve its services going forward. SBI further assured F.

Bloom wins best concept Hotel at Traveller Awards 2019

New Delhi: The Bloom Hotel Group, one of India’s leading hotel operators, has won “Best Conceptualised Hotel” at Traveller Awards 2019 at a ceremony in New Delhi. The award was presented by Hon’ble Minister of Culture and Tourism (MoS), Prahlad Singh Patel.

Datawrkz Launches Vizibl CDP - A Customer Data Platform for the Small and Mid-Size Market

BANGALORE, July 30: Datawrkz, a global ad-tech & digital marketing solution provider for publishers, agencies, and brands, announced the launch of Vizibl CDP (Customer Data Platform), a data management & analytics platform for small-medium businesses.

RENOM is now one of India's Largest Independent O&M Service Providers

PUNE, India, July 30, 2019 /PRNewswire/ -- What commenced as a small start-up in 2015, has now become a mission to overhaul the Indian renewable energy sector. A mission to maximize energy yield at minimum cost by providing cutting-edge O&M solutions.

Airtel deploys digital network infrastructure for UP

New Delhi, July 29: Telecom operator Bharti Airtel on Monday said it has designed and implemented a State Wide Area Network (SWAN) for the Uttar Pradesh government as part of the e-governance initiative.

Rupee does U-turn, settles 14 paise up at 68.75 against US dollar

Mumbai, July 29: After opening on a weak note, the rupee recovered the lost ground and finally settled 14 paise higher at 68.75 against the US dollar on Monday amid easing crude oil prices. At the interbank foreign exchange (forex), the domestic currency witnessed a heavy volatility. The local unit opened at 68.92 a dollar and touched a low of 68.95 and high of 68.73 during the day. The local unit finally closed at 68.

Gold, silver prices fall on sluggish demand

New Delhi, July 29: Gold prices dropped Rs 50 to Rs 35,720 per 10 gram in the national capital on Monday, owing to sluggish demand from jewellers, according to the All India Sarafa Association. Silver also ended lower by Rs 100 to Rs 41,900 per kg due to reduced offtake by industrial units and coin makers. Globally, spot gold traded flat at USD 1,419.40 an ounce, while silver was marginally trading lower at USD 16.44 an ounce in New York.

H.E. Nilamber Acharya, visits Chitkara University to celebrate Academic Achievement

Chandigarh, July 29: H.E. Nilamber Acharya, Ambassador of Nepal to India; believes a 'New Asia' can be built with the contribution of young minds, and that only when, "we love and nurture these young minds, we will see glory and success." Chitkara University was honoured to host H.E. Nilamber Acharya, Ambassador of Nepal to India; who visited the University's Punjab campus on July 27, 2019. He was formally welcomed by Hon'ble Dr.

Ratul Puri Continues to Support ED Investigation in Augusta Westland Case

NEW DELHI, July 28, 2019: Contrary to vested incorrect news in a certain section of the media, Ratul Puri Chairman Hindustan Power continues to support the investigation carried by the ED. He neither ran away from the ED premises nor is he incommunicado. The court will be hearing his plea on 29th July, Monday. Ratul Puri strongly denies any connection to Augusta Westland or any other defense deal.