CBI books Frost Intl in Rs 4,000-cr fraud, raids various places

New Delhi (IANS) The Central Bureau of Investigation on Tuesday carried out searches at various locations in Mumbai and Uttar Pradesh after filing a case against Frost International Ltd, a Mumbai-based company involved in merchant trading and import…

Sensex slips 120 points in early trade

Mumbai (IANS) The benchmark Sensex declined 120 points during the early trade on Monday owing to the selling in heavyweights.

Reliance Industries, HDFC Bank and TCS fell over 1 per cent on the NSE. Besides, the market breath was also negative…

Amazon India to ply 10,000 electric delivery vehicles by 2025

Bengaluru (IANS) E-commerce giant Amazon India will deploy 10,000 electric vehicles (EVs) in its delivery fleet by 2025, the company said on Monday.

"The expansion of our electric vehicle fleet to 10,000 vehicles by 2025 is an integral milestone…

Budget 2020 may push back fiscal deficit MTFP target

New Delhi (IANS) The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3 per cent fiscal deficit for the next financial year be pushed to 2022-23, people…

FM to set realistic nominal GDP target at 9.5-10%

New Delhi (IANS) Finance Minister Nirmala Sitharaman is likely to stay conservative about the nominal gross domestic product (GDP) growth and set it at 9.5-10 per cent in the FY21 budget as the time for 'picking optimistic target' experiments…

Amid NBFC crisis, SBI reminds RBI of its role as lender of last resort

New Delhi (IANS) Economists at the State Bank of India (SBI) have reminded the central bank that they should not forget their primary function of being the lender of last resort.

As the NBFC continues to be in distress, economists at SBI on…

Petrol, diesel prices cut for second consecutive day

New Delhi (IANS) Fuel prices dropped for the second consecutive day on Friday as price of petrol was cut by 14-15 paise and that of diesel by 15-16 paise across all major cities in the country.

Petrol now costs Rs 75.41 a litre in Delhi, Rs…

More than 300 items may see customs duty hike in Budget

New Delhi (IANS) As a measure to boost domestic small and medium industry, the government may consider a hike in customs duty on over 300 items like toys, furniture, footwear, coated paper, rubber items among other in the Union Budget.

Besides…

Sensex tops 42,000 for the first time

Mumbai (IANS) India's benchmark equity index, Sensex, on Thursday touched a record high of 42,000. This came after the US and China signed the first phase of the trade deal.

However, Sensex turned flat after hitting 42,000 mark. At 11.54…

Markets open in red

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

The Sensex of the BSE opened at 41,969.86 -- the high point, and then touched a low of 41,830.54.

It…