Sensex down 1,100 points amid rising Covid cases

Mumbai (IANS) The key Indian equity indices traded deep in the red on Monday morning with the BSE Sensex dropping around 1,100 points amid resurgent Covid cases across the country and concerns of localised lockdowns.

An across-the-board selloff…

Flipkart enters into strategic partnership with Adani Group

New Delhi (IANS) Flipkart, India's leading homegrown e-commerce marketplace, Monday announced a strategic and commercial partnership with the Adani Group, India's largest multinational infrastructure company.

In this two-pronged partnership,…

Vedanta signs MoU with research institutes for value-creation from bauxite residue

New Delhi (IANS) Vedanta, India's largest producer of aluminium and its value-added products, has signed a memorandum of understanding (MoU) for value-creation from bauxite residue (red mud), which is a by-product generated during processing of…

Fuel prices unchanged for 12th straight day

New Delhi (IANS) Oil marketing companies (OMC) kept petrol and diesel prices unchanged for the 12th straight day across the four metro cities on Sunday.

In the national capital, petrol was sold for Rs 90.56 per litre.

Prices of the fuel…

Tata Comms, BIX extend partnership for high-speed internet in Bahrain

Mumbai (IANS) Tata Communications and Bahrain Internet Exchange (BIX) have extended their partnership to offer high speed internet connectivity with very low latency for a superior quality and seamless viewing, gaming and download experience for customers…

Centre may redraw bank recapitalisation plan in wake of new challenges

New Delhi (IANS) The government may redraw the recapitalisation roadmap for public sector banks (PSB) in the current fiscal as the institutions face additional burden to meet interest on interest obligation for all its borrowers while changes in valuation…

Telcos cannot raise any dispute over AGR dues

New Delhi (IANS) The Department of Telecommunications (DoT) has issued directions that in respect of AGR dues, there shall be no reassessment, nor the telecom operators be allowed to raise any disputes.

The DoT issued the directions through…

Infosys wins ArcelorMittal digital contract

Bengaluru (IANS) Global software major Infosys on Thursday said it won a contract for digital transformation of steel maker ArcelorMittal's IT operations.

"As part of the deal, we will deliver next-generation application and business process…

Policy support: RBI MPC retains accommodative stance, rates

Mumbai (IANS) To support a faster economic recovery amid the surge in Covid-19 cases, the Reserve Bank retained its key short-term lending rates along with the growth-oriented accommodative stance during the first monetary policy review of FY22.

CPI inflation for April-June seen at 5.2%: RBI

Mumbai (IANS) The Reserve Bank of India (RBI) has pegged retail inflation for the Apri-June quarter of the current financial year at 5.2 per cent.

Announcing the first Monetary Policy for FY22, RBI Governor Shaktikanta Das said that the consumer…