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SEBI diktats cause unease in markets, brokers petition Finance Ministry

SEBI diktats cause unease in markets, brokers petition Finance Ministry

02-08-2020  comments

New Delhi (IANS) The Finance Ministry may soon have a decision to make, whether to encourage retail investors participation in the stock market through direct trading or to discourage them as seems to be the case with recent diktats on margins and…

Reliance Power, JERA sign loan deed for full financing of gas-fired thermal power project in B'desh

Reliance Power, JERA sign loan deed for full financing of gas-fired thermal power project in B'desh

31-07-2020  comments

Mumbai/Tokyo (IANS) Reliance Power Limited and JERA Co., Inc. through their project company, are developing a new gas-fired power generation project in Bangladesh.

The project company has now signed a loan agreement for full financing totaling…

Consumer demand for gold plunges, prices rally on ETF inflow: WGC

Consumer demand for gold plunges, prices rally on ETF inflow: WGC

30-07-2020  comments

Mumbai (IANS) The Covid-19 pandemic impacted the consumer sectors of the gold market in the first half of 2020, with total demand dropping by 6 per cent on a year-on-year basis to 2,076 tonne, according to the World Gold Council's latest 'Gold…

Markets open on positive note

Markets open on positive note

29-07-2020  comments

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday is trading on a positive note after opening on the negative side.

The Sensex of the BSE opened at 38,427.15 points and touched a high of 38,617.03 points. The Sensex touched a…

Sun Pharma to acquire Canada's Aquinox Pharmaceuticals

Sun Pharma to acquire Canada's Aquinox Pharmaceuticals

29-07-2020  comments

Mumbai (IANS) Sun Pharmaceutical Industries on Wednesday said that a wholly-owned subsidiary of Taro Pharmaceutical Industries Ltd will acquire Aquinox Pharmaceuticals (Canada) Inc for $8.2 million.

Taro Pharmaceutical is a US-based subsidiary…

Most Indians aim to somehow retain jobs to remain confident: LinkedIn

Most Indians aim to somehow retain jobs to remain confident: LinkedIn

28-07-2020  comments

New Delhi (IANS) There has been a modest rise in the overall confidence among professionals in India as retaining a job has itself become a strong booster for many in these tough times, LinkedIn said on Tuesday.

Based on the survey responses…

IDBI Bank's Q1FY21 net profit at Rs 144 cr

IDBI Bank's Q1FY21 net profit at Rs 144 cr

28-07-2020  comments

New Delhi (IANS) Lender IDBI Bank on Tuesday reported its standalone net profit for the first quarter of 2020-21 at Rs 144 crore.

The bank has reported a net loss of Rs 3,801 crore for Q1 2019-20.

"Net Profit for Q1-2021 has improved…

Sensex falls below 38,000; banking, finance stocks plunge

Sensex falls below 38,000; banking, finance stocks plunge

27-07-2020  comments

Mumbai (IANS) The key Indian equity indices traded on a negative noted on Monday morning, weighed down by heavy selling in banking and finance stocks.

The BSE Sensex fell below the psychological 38,000-mark.

At 10.32 am, it was trading…

SpiceJet to operate first long-haul flight to Amsterdam on Aug 1

SpiceJet to operate first long-haul flight to Amsterdam on Aug 1

27-07-2020  comments

New Delhi (IANS) Airline major SpiceJet will operate its first long -haul flight to Amsterdam.

The airline will operate the non-stop flight from India to Amsterdam from August 1. Just last week, the airline major was allowed to operate flights…

Huawei's 5G equipment pose no security risk: LG Uplus

Huawei's 5G equipment pose no security risk: LG Uplus

26-07-2020  comments

Seoul (IANS) Faced with mounting pressure to replace Huawei 5G equipment, South Korean telecom giant LG Uplus has stressed the Chinese firm's telecom equipment does not pose any security risks.

Earlier this week, Robert Strayer, the US…

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