Diesel price rise again, petrol stable amid volatility in global oil markets

New Delhi (IANS) Auto fuel prices in the country have maintained stability amid volatility in global oil prices, but the oil marketing companies on Sunday increased the pump price of diesel marginally while maintaining stability in petrol prices.

Crop, motor insurance grows overall industry's YoY GWP last month

New Delhi (IANS) Crop insurance amongst others accelerated the year on year growth of general insurance industry's 'Gross Written Premium' (GWP).

In technical parlance, GWP is the total premium before deductions for reinsurance…

Import duty norm relaxed to improve containers availability

New Delhi (IANS) The Centre has relaxed import duty norm on empty export cargo containers to improve their availability.

At present, keeping containers beyond a period of six months attracts an import duty.

The policy was designed to…

Bull-run: Sensex crosses 60k-mark; realty stocks rally

Mumbai (IANS) India's benchmark equity index S&P BSE Sensex crossed the 60,000-mark milestone on Friday. It took 246 days to accumulate the last 10,000 points.

The 30-scrip sensitive index crossed the milestone just after the pre-open session…

CCI penalises beer companies for cartelisation, UBL slapped Rs 750 cr penalty

New Delhi (IANS) The Competition Commission of India has passed a final order against three beer companies -- United Breweries Ltd (UBL), SABMiller India Ltd (now renamed Anheuser Busch InBev India Ltd) and Carlsberg India Private Ltd (CIPL) for indulging…

Record-Highs: Global cues trigger rally; Sensex, Nifty make healthy gains

Mumbai (IANS) Positive global cues emanating from the US lifted India's key stock indices to their record high levels during Thursday's trade session.

Accordingly, both key indices - S&P BSE Sensex and NSE Nifty50 - touched their new…

Sify Technologies to set up data centres with 200 MW capacity

Chennai (IANS) The Nasdaq listed Sify Technologies Ltd will be setting up 200 MW capacity data centres over the next four years with a mix of hyperscale and retail facilities, said a company official.

The new data centres will come up in Mumbai,…

Telly monolith in the making: Sony to have majority stakes in ZEEL merger

Mumbai (IANS) Financially troubled Zee Entertainment Enterprises will merge with Sony Pictures Networks India (SPNI) in what will create country's largest entertain and media entity with presence across platforms.

The board of ZEEL has…

Amazon pays $1.2 bn as legal fees in India to remain operational

New Delhi (IANS) The US-based company Amazon Inc's India operations has spent a staggering over $1.2 billion in legal expenses in the last two years to maintain its presence and relevance in one the largest markets globally.

As per the…

Sensex, Nifty open low on global cues, metal and banks top drag

Mumbai (IANS) The Indian stock market opened sharply lower on Monday on global cues with markets all across showing weak trends.

Accordingly, the S&P BSE Sensex index fell as much as 490 points to touch 58,525 in the first few moments of trade…