Equity indices flat amid weak global cues, banking stocks fall

Mumbai (IANS) The Indian stock market traded on a flat-to-negative note on Wednesday morning tracking decline on the global markets.

Selling pressure was witnessed in banking and finance stocks.

Around 10.25 a.m, Sensex was trading at…

RBI imposes curbs on Mastercard over data storage

New Delhi (IANS) In a major blow to payment services major Mastercard Asia/Pacific Pte Ltd, the Reserve Bank of India (RBI) on Wednesday imposed restrictions on on-boarding of new domestic customers in the country on its card network.

The RBI…

Deal Breaker: Tatas intensify Air India due diligence

New Delhi (IANS) Conglomerate Tata Group which is being seen as the front runner in acquisition of Air India has intensified its due diligence process.

According to highly placed sources, teams comprising of Tata group companies' officials…

Startups, pharma Cos face tax liability on new goodwill rules

New Delhi (IANS) In what can increase tax liability on companies that have undergone mergers and acquisitions in recent years, the Central Board of Direct Taxes (CBDT) has notified new set of rules on tax treatment of goodwill where depreciation provisions…

Adani group takes over management control of Mumbai Int'l Airport

Gandhinagar (IANS) The Adani Airport Holdings Ltd (AAHL), a subsidiary of Adani Enterprises Limited, has taken over the management control of the Mumbai International Airport Limited (MIAL) from the GVK Group following the a board meeting of MIAL…

Equity indices in green, Sensex up 230 points

Mumbai (IANS) The Indian stock market traded on a positive note on Tuesday morning with the BSE Sensex gaining over 230 points.

The Nifty50 was above the 15,750 mark.

Buying was witnessed in banking and finance stocks while IT and telecom…

Lenovo leads as global PC market hits 83.6 mn units in Q2: IDC

New Delhi (IANS) The worldwide shipments of traditional PCs, inclusive of desktops, notebooks and workstations, reached 83.6 million units in the second quarter this year, up 13.2 per cent from the second quarter of 2020, a new IDC report said on…

India's June retail inflation eases sequentially, but still over 6%

New Delhi (IANS) India's June retail inflation eased up on a sequential basis but still managed to remain above the 6 per cent threshold.

According to the data furnished by the National Statistical Office (NSO), the Consumer Price Index…

Foreign e-commerce cos creating false narrative against draft rules: CAIT

New Delhi (IANS) The Confederation of All India Traders (CAIT) has alleged that foreign-funded e-commerce majors are creating a 'false narrative' that the draft norms for the sector would impact foreign direct investment into India and the…

CEOs expect swifter recovery post 2nd Covid wave: CII Poll

New Delhi (IANS) Top corporates in the country anticipate a faster economic recovery from the impact of the second wave of Covid-19.

A CII CEOs Poll of 119 corporate heads showed that about 59 per cent of the CEOs polled expect the recovery…