Sensex, Nifty hit record highs

Mumbai (IANS) The Indian equity indices hit all-time high levels on Monday morning tracking positive global cues as Joe Biden, the Democrat candidate, has defeated incumbent US President Donald Trump in the 2020 presidential elections.

Sensex…

ECLGS needs to be extended to more stressed sectors: CII to FinMin

New Delhi (IANS) The Confederation of Indian Industry (CII) has written to the Finance Ministry urging the government to explore an Emergency Loan Credit Guarantee Scheme (ECLGS) to support the resource starved stressed sectors.

As per the…

Around 47% BSE-200 companies yielded negative returns in Oct

Mumbai (IANS) Nearly half of the BSE-200 companies yielded negative returns last month, according to a recent report by Motilal Oswal Institutional Equities.

On a year-to-date basis, 59 per cent of BSE-200 constituents declined, as Future Retail…

After potato & onion, edible oil burns hole in pockets

New Delhi (IANS) After potato and onion, the price of edible oil has now gone up due to a sharp increase in the cost of oilseeds.

Crude palm oil (CPO) prices in the domestic futures market have risen by 53 per cent in the past six months due…

Economic revival: IGI Airport handled 77k MT of cargo in Sept

New Delhi (IANS) The national capital's IGI Airport witnessed a significant surge in cargo movement during September, as it handled volume of around 77,000 MT.

Accordingly, both 'Cargo Tonnage' and Cargo Aircraft movements showed…

Xiaomi confident of robust performance in India festive quarter

New Delhi (IANS) Riding on bumper festive sales amid launching attractive schemes, smartphone maker Xiaomi on Thursday said it is confident enough to perform in the best possible way in the fourth quarter in India while maintaining its lead.

While…

CV segment outlook remains negative, FY21 volumes to drop: ICRA Ratings

New Delhi (IANS) ICRA Ratings on Wednesday said the outlook for the commercial vehicles (CV) segment remains 'Negative' on the back of continuing challenges.

It cited factors such as over-capacity, subdued freight availability, financing…

87% of Indian companies plan to give salary hike in 2021: Survey

New Delhi (IANS) After taking hard decisions in the second and third quarters of this year, Indian companies are looking up again to invest in talent as a new survey showed that 87 per cent of them plan to give salary increases in 2021 as compared…

German shoe firm shifts from China, begins operations in UP

Lucknow (IANS) Von Wellx, a well-known German shoe brand that was earlier operating from China, has opened up two shoe-making units in Agra.

The units became operational from Tuesday in partnership with the Iatric Industries Group.

Von…

No relief for consumers on petrol, diesel prices while oil cos jack up margins

New Delhi (IANS) Even as consumers continue to pay higher prices auto fuels petrol and diesel, country's biggest oil marketing companies are expected to reap in higher margins on sale of the two products substantially improving their profitability.