US blacklists 28 Chinese entities for minorities' repression

Washington (IANS) The US has added 28 Chinese entities to an export blacklist, citing their role in Beijing's repression of Muslim minorities in Xinjiang, just days before high-level trade talks were slated to resume in Washington.

Samsung heir in India, likely to meet Modi, Mukesh Ambani

Mumbai (IANS) Samsung Electronics Vice Chairman Lee Jae-Yong is currently in India, provoking speculation that the South Korean tech giant may make further investments to expand its presence in the country, industry sources said on Monday.

Sensex opens 180 points higher led by banks

Mumbai (IANS) Sensex opened over 180 points higher on Monday after the benchmark ended lower for the last five sessions.

At 10.28 a.m., led by recovery in bank and financial stocks, the Sensex was trading 201.87 points higher at 37,875.18.

PSU stake sales may be placed for Cabinet nod in Nov-end

New Delhi (IANS) In the first lot of big-ticket disinvestments, the government is aiming the stake sales of PSUs, including BPCL, SCI and Concor, among others, which have recently been cleared by the Amit Shah-led panel, at the earliest and they…

Auto sector cuts losses, as govt schemes, discounts attract buyers

Mumbai (IANS) Sagging auto sector sales showed signs of revival in September on account of depreciation benefits and heavy discounts.

"Depreciation benefits and discounts have helped a little bit in increasing sales in September in comparison…

56% of Myntra festive sales from small cities, towns

Bengaluru (IANS) Beating the slowdown blues and bridging the digital divide between India and 'Bharat', fashion e-tailer Myntra on Saturday reported 56 per cent online annual growth from small cities and towns during its 'Big Fashion Days'…

PSU bank staff to get bonanza ahead of Diwali

Chennai (IANS) It's a Diwali bonanza for employees of public sector banks as their accounts are being credited with handsome part wage arrears even before a final agreement on their wage revision is reached between the employee unions and…

Indian banking sector sound, stable: RBI Governor

New Delhi (IANS) Days after the PMC Bank came under scanner for alleged frauds, the RBI Governor Shaktikanta Das on Friday said that all was well with the banking system and one incident could not reflect the health of the overall system.

He…

Growth Woes: RBI administers 5th rate cut; maintains accommodative stance

Mumbai (IANS) Sticking to "accommodative stance", the Reserve Bank on Friday reduced its key lending rates to boost consumption and reverse the slowdown that has plagued India's economic growth.

Taking the note of the continued…

PMC scam: ED files PMLA case, raids at 6 places in Mumbai

New Delhi (IANS) The Enforcement Directorate (ED) has filed a money laundering case in the Rs 4,355 crore Punjab and Maharashtra Cooperative (PMC) Bank fraud matter, sources in the agency said on Friday. The sleuths of the federal financial investigation…