Nasscom sees economic uncertainties ahead, stops forecasting

Mumbai (IANS) Industry body Nasscom on Wednesday released the findings of a survey of 100 Chief Executive Officers (CEOs) of information technology companies showcasing "cautious optimism" due to global economic uncertainties like trade…

Government to sell three SAIL plants

New Delhi (IANS) The government has decided to give a push to its strategic disinvestment plan within the current fiscal year itself by clearing sale of 100 per cent stake in three special steel producing units of Steel Authority of India Ltd. (SAIL),…

Sensex ends lower for ninth consecutive day; IT finish 2% lower

Mumbai (IANS) Major indices Sensex and Nifty fell for the ninth consecutive trade session on Tuesday after heavy selling in the final hour of the trade on account of profit booking.

Initially investor sentiments were upbeat owing…

PF funds' investment in IL&FS bonds have no government guarantee: FinMin

New Delhi (IANS) The provident and pension fund trusts that invested in the IL&FS bonds now fear loss of money as the debt-ridden company's bonds are unsecured debt, and the Finance Ministry says superannuated bonds do not carry any government…

Huawei involved in stealing Apple trade secrets: Report

San Francisco (IANS) Chinese tech giant Huawei has been involved in "a pattern of dubious tactics" to steal technology from its rivals, particularly Apple's China-based suppliers, The Information has claimed.

While the theft…

Set-back for Vedanta, SC refuses re-opening of TN copper smelting plant

New Delhi (IANS) In a setback to Vedanta, the Supreme Court on Monday refused to order the re-opening of its Sterlite Copper Smelting plant located in Tamil Nadu as it set-aside the National Green Tribunal's (NGT) December 15 order on…

Net SIP growth falls 61% in April-December

New Delhi (IANS) Growth of Systematic Investment Plan (SIP) in the country's mutual fund industry fell 61 per cent in the first nine months of the current fiscal, following a year of negative returns and the growing uncertainty due to the upcoming…

Reliance Group reaches agreement with 90% of lenders

Mumbai (IANS) The Anil Ambani-led Reliance Group has reached an in-principle "standstill understanding" with more than 90 per cent of its lenders, the company said on Sunday.

A Reliance Group statement said that as per the understanding…

Karnataka businessman held, jailed for income tax default

Bengaluru (IANS) A Karnataka-based businessman has been jailed for six months for allegedly not filing his income tax arrears and interest of around Rs 7.35 crore despite reminders, an official said on Saturday.

"The defaulter…

Jaitley back as Finance Minister, resumes charge

New Delhi (IANS) Union Minister Arun Jaitley on Friday returned to duties as Finance Minister after medical treatment in the US and a presidential directive to assign him the portfolio.

"The President of India, as advised by the Prime…