Financial surplus of Indian households falling since 2017-18

Mumbai (IANS) Indians, traditionally known to save money, have of late shown a behavioural change in terms of managing their money as their financial surpluses have shrunk in the last couple of years.

A recent Reserve Bank of India (RBI) report…

J&K alert sets air fares soaring on Srinagar route

New Delhi/Srinagar (IANS) Average air fares to and from Srinagar have increased by 20-25 per cent after the Jammu and Kashmir administration on Friday curtailed the Amarnath Yatra and issued an advisory asking pilgrims and tourists leave the valley…

Dollar weakens against major rivals amid downbeat data

New York (IANS) The US dollar weakened against its major rivals in late trading on Thursday as market participants sifted through a slew of downbeat economic data.

US manufacturing sector lost further momentum in July, the Institute for Supply…

Equity indices open in red; Sensex down 185 points

Mumbai (IANS) The key Indian equity indices opened on a negative note on Thursday, with the BSE Sensex down over 180 points.

The domestic indices traded in line with global indices, as Asian markets also were largely trading in the red.

Sensex crashes 500 pts after Fed's hawkish remarks

Mumbai (IANS) Sensex plunged by over 500 points to fall below the 37,000-point mark during the afternoon trade on Thursday.

Indian equities in line with global markets fell as the US Federal Reserve after slashing the interest rates by 25 basis…

M&M's July sales down 15% on subdued consumer sentiment

Mumbai (IANS) Automobile major Mahindra and Mahindra (M&M) on Thursday reported a 15 per cent decline in its total vehicle sales for July, owing to tight liquidity and low buying sentiment in the domestic market.

The total sales of the…

Sensex down 178 points, CCD loses 20%

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note. News of Cafe Coffee Day owner's death shocked investors and led them to panic selling of the company's stocks.

The Sensex of…

Indian SMBs more interested in online presence: GoDaddy

New Delhi (IANS) Compared to their global counterparts, Indian entrepreneurs and small business owners are more inclined towards building an online presence, says a survey by Internet names and registrations management major GoDaddy.

Almost…

Invesco Oppenheimer to buy 11% stake in Zee Entertainment

New Delhi (IANS) The Subhash Chandra-led Essel Group on Wednesday said that it has reached an agreement with Invesco Oppenheimer Developing Markets Fund to make an additional investment in ZEE Entertainment Enterprises Ltd (ZEEL).

The Fund…

Cafe Coffee Day founder Siddhartha reportedly goes missing in Karnataka

Bengaluru (IANS) Cafe Coffee Day retail chain outlets founder V.G. Siddhartha was found reportedly missing since late on Monday from near Mangaluru in Karnataka, police said on Tuesday.

"A case of Siddhartha missing since Monday…