Bonanza for stock markets in the works; DDT to be scrapped

New Delhi (IANS) A bonanza is in the offing for the stock markets as the Prime Minister's Office (PMO) and the Finance Ministry are working on measures which may include dividend distribution tax (DDT) to be scrapped and a review of existing slabs…

Global cues, auto stocks lift equities; Sensex up by 400 pts

Mumbai (IANS) Positive global cues along with expectations of healthy quarterly results and hopes of a sales boost from the festive season lifted the key Indian equity indices higher on Tuesday.

Market observers said that low crude oil prices…

Adani joins Digital Realty to build data centers in India

Ahmedabad (IANS) In a bid to build data centre infrastructure in India, the $13 billion Adani Group on Tuesday announced a partnership with San Francisco-based Digital Realty to jointly develop and operate data centers and cultivate undersea cable…

Amazon's $1 bn deal with Saudi Arabia stalled: Report

San Francisco (IANS) A $1 billion deal to build Amazon data centres in Saudi Arabia appears to have stalled, following the death of journalist Jamal Khashoggi, The Washington Post reported.

After Khashoggi's killing in Istanbul last year,…

Shiv Sena on economy: 'itna sannata kyu hai bhai'

Mumbai (IANS) Invoking the famed 'Sholay' dialogue, "itna sannata kyun hai bhai", the ruling ally Shiv Sena on Monday made a resounding critique on the economic slump which it said "is evident in the subdued Diwali celebrations this year".
…

Ethiopian Airlines connects Bengaluru to Addis Ababa

Bengaluru (IANS) Ethiopian Airlines will start weekly non-stop flights between capital Addis Ababa and Bengaluru, making the tech hub its third destination in India after Mumbai and New Delhi to have direct connectivity, an official said on Sunday.

RIL may be aiming listing of Jio post debt free status: Sources

New Delhi (IANS) The aim of Reliance Industries (RIL) to make Jio debt free by transferring the liabilities of up to Rs 108,000 crore to a new entity could be a step towards listing the telecom arm at a later date and benchmarking it to the global…

ICICI Bank's Q2 net profit down 28% to Rs 655 cr

Mumbai (IANS) ICICI Bank has reported a 27.94 percent decline in standalone net profit for the second quarter of 2019-20. The bank's net profit in Q2 declined to Rs 655 crore from Rs 909 crore in the year-ago quarter.

Excluding the impact…

Equity market turns flat after opening a tad higher

Mumbai (IANS) The key Indian equity indices opened marginally higher on Friday before trading on a flat note, following a mixed trend in the Asian markets.

At 9.25 a.m., the Sensex was trading at 39,067.10, higher by 46.71 points or 0.12 per…

SC orders Telcos to clear dues worth Rs 92,000 cr

New Delhi (IANS) The Supreme Court on Thursday ordered telecom carriers, including Bharti Airtel and Vodafone Idea, to pay the government as much as Rs 92,000 crore in dues, which includes penalties and interest.

This is a significant judgment…