Petrol, diesel price rise pauses after consecutive days of increase

New Delhi (IANS) Petrol and diesel prices remain unchanged on Friday after oil marketing companies decided to go on a pause mode opting to wait and watch the global oil market before taking the next course of action.

Accordingly, in the national…

Air India commences non-stop Hyderabad-Chicago flights

Hyderabad (IANS) Air India's first non-stop flight on the Hyderabad-Chicago route arrived from the US city at the Rajiv Gandhi International Airport here on Friday. A few hours later, the first flight from the city to Chicago departed.

Flight…

Wholesale inflation eases to 1.2% in December

New Delhi (IANS) Wholesale inflation for December declined to 1.22 per cent due to lower food inflation, official data showed on Thursday.

In November, the inflation based on Wholesale Price Index (WPI) was 1.55 per cent. The data released…

Consumer demand of gold may improve in 2021 on economic recovery of EMs

New Delhi (IANS) The year 2021 is likely to add to the shine of the gold as consumer demand which has largely been subdued amid the pandemic may rise on the back of economic recovery of the emerging markets, said a report by the World Gold Council…

Tesla finally enters India, first stop is Bengaluru

New Delhi/Bengaluru (IANS) Ending years of wait and speculation, Tesla CEO Elon Musk has finally entered India by registering Tesla as a company in Bengaluru.

According to the details available on the Registrar of Companies website, Tesla India…

Sensex gives up gains to turn red; HDFC, RIL down

Mumbai (IANS) The BSE Sensex on Wednesday afternoon shed all the gains made during the initial trade to trade over 250 points down.

Decline in the heavyweights HDFC and Reliance Industries (RIL) weighed on the index.

Both the Sensex…

FPIs may be allowed to get tax treaty benefits on dividend income

New Delhi (IANS) The Centre may propose amendment in the tax laws to allow Indian corporates to apply tax treaty rates while withholding tax on dividends and interest to be paid to FPIs.

The move is expected to facilitate foreign portfolio…

Infosys logs 16.6% growth in Q3 net profit

Mumbai (IANS) IT major Infosys on Wednesday reported a 16.6 per cent year-on-year growth in its consolidated net profit for October-December period at Rs 5,197 crore.

Its net profit during the corresponding period of the previous fiscal (FY2019-20)…

Sensex falls 144 points, banking stocks fall

Mumbai (IANS) The key Indian equity indices traded on a negative note on Tuesday amid choppy trade, with the BSE Sensex losing around 150 points.

Selling pressure was witnessed in the banking, finance, IT and consumer durables stocks.

Analysts…

Sensex hits 49,000 for the first time, IT stocks zoom

Mumbai (IANS) The BSE Sensex crossed the 49,000-mark for the first time ever on Monday and the Nifty50 on the National Stock Exchange was trading above 14,400.

Healthy buying was witnessed in the IT, telecom and FMCG stocks.

Around 9.34…