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Tejas is 1st Lucknow-Delhi train to be run by private players

Tejas is 1st Lucknow-Delhi train to be run by private players

09-07-2019  comments

Lucknow (IANS) The first train, operated by private players, to be run between Lucknow and Delhi will be the Tejas Express.

The Railway Board is deliberating on a second such route, which too would be within the 500-km range.

Sensex down 209 pts, Nifty at 11,481

Sensex down 209 pts, Nifty at 11,481

09-07-2019  comments

Mumbai (IANS) Sensex and Nifty fell during the early trade on Tuesday as the streets continued to react negatively to the Budget proposal.

This is the third straight session of loss after the Union Budget was proposed on Friday.

The…

Sebi seeks IndiGo reply on promoter's grievances

Sebi seeks IndiGo reply on promoter's grievances

09-07-2019  comments

Mumbai (IANS) Market regulator Sebi has sought a response from budget passenger carrier IndiGo on the alleged grievances raised by one of its promoters, Rakesh Gangwal.

According to IndiGo's regulatory filing: "... we inform you that…

Sensex down 420 points; auto, banks stock lose

Sensex down 420 points; auto, banks stock lose

08-07-2019  comments

Mumbai (IANS) The Sensex and Nifty lost over 1 per cent during the early trade on Monday following the tabling of the Union Budget on Friday.

Nifty PSU Bank index and Nifty auto index fell the most among the 11 sectors.

At 9.47 a.m.,…

Sensex, Nifty tank over 2%; PNB down 10.5%

Sensex, Nifty tank over 2%; PNB down 10.5%

08-07-2019  comments

Mumbai (IANS) Selling intensified in the final hour of the trade on Monday as both key equity indices fell by over 2 per cent as weak global cues added to poor investor sentiment on Friday's Budget proposals.

At 3.06 p.m., the Sensex was…

Garg indicates PSBs, PSUs may get more time to comply with 35% listing norm

Garg indicates PSBs, PSUs may get more time to comply with 35% listing norm

07-07-2019  comments

New Delhi (IANS) Government may seek more time from market regulator SEBI for public sector enterprises and state-owned banks to comply with changes in the minimum public shareholding norms for listed companies proposed in the budget, Finance Secretary…

PSUs may be allowed to retain tag even if government holding falls

PSUs may be allowed to retain tag even if government holding falls

07-07-2019  comments

New Delhi (IANS) The Centre plans a major overhaul of the definition of state-run companies where an entity will continue to qualify as a public sector undertaking (PSU) even if the government in it holding falls below 51 per cent.

In an interview…

Budget 2019: Kickstarting India's Developmental Journey

Budget 2019: Kickstarting India's Developmental Journey

06-07-2019  comments

Since the time Prime Minister Narendra Modi has set a bold target of making India a $5 trillion economy by 2024 at a NITI Aayog meeting early last month, the conversations in the mass media have disproportionately centred on the idea.

The Economic…

3 Mindtree co-founders quit after L&T buys controlling stake

3 Mindtree co-founders quit after L&T buys controlling stake

06-07-2019  comments

Bengaluru (IANS) Mindtree co-founders Krishnakumar Natarajan, N.S. Parthasarathy and Rostow Ravanan resigned on Friday, two days after infrastructure construction behemoth L&T acquired controlling stake in the global IT services firm.

"Chairman…

Sitharaman dumps Budget briefcase for 'bahi khaata'

Sitharaman dumps Budget briefcase for 'bahi khaata'

05-07-2019  comments

New Delhi (IANS) Setting a new precedent Union Finance Minister Nirmala Sitharaman on Friday was seen hugging the budget documents wrapped in a red cloth, the traditional 'bahi khaata' way, instead of the leather briefcase that until now her…

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