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Equities trim gains as border tension with China escalates

Equities trim gains as border tension with China escalates

16-06-2020  comments

Mumbai (IANS) The Indian equity indices closed in the green on Tuesday, although they pared major gains made during the initial trade over escalation in the India-China border tension.

After the gap-up opening, indices fell from the day's…

Bank union seeks fixing limits for cheque bounce

Bank union seeks fixing limits for cheque bounce

15-06-2020  comments

Chennai, June 15 (IANS) The All India Bank Employees' Association (AIBEA) has suggested fixing of financial limits for attracting the criminal provisions relating to bouncing of cheques in the Negotiable Instruments Act instead of the decriminalising…

India's May WPI Food inflation eases to 2.31%

India's May WPI Food inflation eases to 2.31%

15-06-2020  comments

New Delhi (IANS) India's annual WPI Food Index eased to 2.31 per cent in May from a rise of 3.60 per cent in April, official data showed on Monday.

However, the Centre did not release the complete set of WPI figures for May due to the Covid-19…

Alto completes 16 yrs as largest selling car in India: Maruti Suzuki

Alto completes 16 yrs as largest selling car in India: Maruti Suzuki

15-06-2020  comments

New Delhi (IANS) Automobile major Maruti Suzuki's hatchback Alto has maintained an unbroken 16-year-long spree of being the largest selling car in India.

According to the company, Alto's off-take has been the largest in the country…

Fuel prices rise over Rs 4/litre since resumption of daily revision

Fuel prices rise over Rs 4/litre since resumption of daily revision

14-06-2020  comments

New Delhi (IANS) Fuel prices recorded eighth consecutive hike on Sunday, taking the total increase since the resumption of the dynamic price revision system to more than Rs 4 per litre.

In the national capital, petrol price rose by 62 paise…

Consumer PE fund L Catterton invests Rs 1,895 cr in Jio Platforms

Consumer PE fund L Catterton invests Rs 1,895 cr in Jio Platforms

14-06-2020  comments

New Delhi (IANS) Reliance Industries Limited (RIL) and Jio Platforms Limited, Indias leading digital services platform, on Saturday announced an investment of Rs 1894.50 crore by L Catterton, one of the worlds largest consumer focused private equity…

No respite: Fuel prices continue to rise through week

No respite: Fuel prices continue to rise through week

13-06-2020  comments

New Delhi (IANS) Petrol and diesel prices continued to rise through the week with the two petroleum products getting dearer by 59 and 58 paise per litre on Saturday.

The auto fuel prices have now risen seven days in a row with pump prices of…

India's forex reserves cross $500 bn mark

India's forex reserves cross $500 bn mark

13-06-2020  comments

Mumbai (IANS) India's foreign exchange reserves rose by over $8.223 billion during the week ended June 5 to cross the $500 billion mark.

According to the RBI's weekly statistical supplement, the overall forex reserves increased to $501.703…

Sensex plunges 1,100 points on global cues as Covid cases surge

Sensex plunges 1,100 points on global cues as Covid cases surge

12-06-2020  comments

Mumbai (IANS) The BSE Sensex plunged over 1,100 points during initial trade on Friday tracking a similar trend in the global markets.

International indices fell over growing concerns of rise in coronavirus cases in several countries after the…

India could move to 2 dominant telcos in Airtel, Jio

India could move to 2 dominant telcos in Airtel, Jio

12-06-2020  comments

New Delhi (IANS) Despite Vodafone Idea giving guarantee, the telcos market is seen gravitating towards a two-player dominant market with Bharti and Reliance Jio.

According to a research note by BofA Securities, "We view SC verdictas negative…

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