Centre to infuse Rs 12,000 cr in state general insurance firms

New Delhi (IANS) Following the recapitalisation of public sector banks (PSBs), now public sector insurance companies -- National Insurance, Oriental Insurance and United India Insurance -- are going to be infused with funds worth Rs 12,000 crore to…

Relief measures for exporters on the anvil

New Delhi (IANS) In a bid to prop up exports, a key engine of economic growth, the government may offer a slew of sector-specific incentives.

Among the proposals being considered are raising export credit, extending tax benefits and cutting…

Wipro gets $300-million ICICI Bank deal via Vara Infotech

Bengaluru (IANS) Wipro secured a $300-million (Rs 2,156 crore) seven-year deal from the country's leading private sector bank ICICI Bank through Vara Infotech for providing a suite of services, said the IT major on Thursday.

"As Vara…

Trump tariff-hit US firms keen to relocate to India from China

New York (IANS) About 200 US companies have expressed interest in coming from China to India, according to Mukesh Aghi, the president of US-India Strategic Partnership Forum (USISPF).

The organisation, which promotes bilateral business and…

NCLAT allows promoters to regain control of firms at liquidation stage

New Delhi (IANS) Opening up a new window for promoters looking to retain control of their companies facing bankruptcy proceedings, the National Company Law Appellate Tribunal (NCLAT) has held that shareholders and owners can reach a settlement with…

Sensex down 400 points after GDP shocker

Mumbai (IANS) The Sensex on Tuesday fell over 400 points during the early trade session as investors reacted to the lower-than-expected GDP growth rate numbers released on Friday.

Indian 'VIX' or the volatility index -- market's…

Ashok Leyland August sales drop by 47%

Chennai (IANS) Commercial vehicles major Ashok Leyland Ltd closed last month with a 47 per cent drop in sales, the company said on Tuesday.

In a statement issued here, the company said that it sold a total of 9,231 units in August, down from…

IDBI to receive Rs 9,300 cr capital to meet CAR

New Delhi (IANS) The Union Cabinet here on Tuesday approved infusion of over Rs 9,000 crore capital in the IDBI Bank to meet the regulatory capital requirements by raising the capital adequacy ratio (CAR), said HRD Minister Prakash K Javadekar.

Centre to announce measures for real estate this week

New Delhi (IANS) After a slew of reform measures announced in the past fortnight, the Central Government is likely to come up with major announcements to boost the real estate industry this week.

According to official sources, the package for…

India's July industrial output growth slows to 2.1% YoY

New Delhi (IANS) The pace of production at India's eight major industries slowed in July to 2.1 per cent from 7.3 per cent in the year-ago month. However, the index of eight core industries in July was higher compared with June, when it rose by…