Sensex down 218 pts, RIL up 9%

Mumbai (IANS) The Sensex fell by over 200 points during the early trade on Tuesday.

Index-heavyweight Reliance Industries Ltd. (RIL) jumped nearly 9 per cent after Saudi Aramco signed a letter of intent for a proposed investment in RIL's…

Jio's FTTH to expand broadband market, will help Airtel: Fitch

New Delhi (IANS) The pricing scale and style of Reliance Jio's fiber-to-the-home (FTTH) services, GigaFiber, will expand the market and increase the scope for all operators to grow, including Airtel, since the home broadband penetration in India…

India's July retail inflation inches-lower to 3.15%

New Delhi (IANS) India's retail inflation inched lower to 3.15 per cent in July from 3.18 per cent in June and 4.17 per cent in the corresponding month of the previous year.

According to data furnished by the National Statistical Office…

Paytm surges in BFSI payments with 70% market share

New Delhi (IANS) Digital payments leader Paytm has announced that within a year of the launch of yet another important payment use-case - 'Loan EMI, Credit Card Bill, and Insurance premium' - it has captured 70 per cent market share amongst…

Recession knocking at the door of Indian economy: Amit Mitra

Kolkata (IANS) Expressing concern over the slump across various sectors, West Bengal Finance Minister Amit Mitra on Saturday predicted a deep recession knocking at the doors of the country's economy.

Mitra said the masses are stressed out,…

Demand truncation dents workforce in Gurugram-Manesar auto cluster

New Delhi/Gurugram (IANS) A massive slowdown led by truncating demand has forced the entire value-chain operators across the automobile industry to reduce production levels and downsize workforce to tide over lean times.

Specifically, the slowdown…

Piyush Goyal leads Chief Ministerial delegation to Russia

New Delhi (IANS) A high-level delegation led by Union Commerce and Industry Minister Piyush Goyal is scheduled to embark on a four-day trip to Vladivostok city in Russia on Saturday.

The delegation comprises Chief Ministers…

India Inc wants Rs 1 lakh cr stimulus package

New Delhi (IANS) India Inc has sought a stimulus package of Rs 1 lakh crore to push investment and demand and take the economy and industry out of slowdown. Finance Minister Nirmala Sitharaman on Thursday met industry captains to seek consultations…

FPI: Nomura, Morgan Stanley, Citi, Fidelity may meet FM

New Delhi (IANS) Leading foreign investors, including Morgan Stanley, Nomura, Templeton, Fidelity, GIC (Singapore), CPDQ are likely to meet Finance Minister Nirmala Sitaraman, Finance Secretary Rajeev Kumar and DEA Secretary Atanu Chakraborty on Friday…

SC approves status of homebuyers as financial creditors

New Delhi (IANS) In a big boost for homebuyers, the Supreme Court on Friday upheld the amendment in the Insolvency and Bankruptcy Code (IBC), which gives homebuyers status of financial creditors on par with creditors' banks.

More than 200…