'Trump executive order could ban Chinese equipment-makers in US'

Washington (IANS) US President Donald Trump is preparing to sign an executive order next week, banning American carriers from using equipment from Chinese technology players, the media reported on Sunday.

The decision is expected…

EIL bags consultancy contract for Mongolia refinery

New Delhi (IANS) Engineers India Ltd (EIL) on Sunday signed a project management consultancy contract for 1.5 million tonne greenfield refinery in Mongolia.

A memorandum of understanding (MoU) was signed by EIL and Mongol Refinery State Owned…

Reliance Group companies take legal action to protect stakeholders

Mumbai (IANS) Anil Ambani-led Reliance Group companies on Saturday said they will take all appropriate legal steps against L&T Finance to protect and enhance the value of their respective stakeholders.

The group companies…

Sensex tanks 425 points, Nifty below 11,000

Mumbai (IANS) Both Sensex and Nifty ended over 1 percent lower on Friday following a steep decline in auto stocks led by Tata Motors and broadly negative global cues.

Heavy selling was witnessed in the auto stocks which fell over 3.37 percent…

Enterprises entering post-digital era to boost customer experiences: Accenture

Bengaluru (IANS) Four in five businesses believe that digital technologies like mobile, analytics and Cloud have moved beyond adoption silos to become part of the core technology foundation for their organization, an Accenture report said on…

RBI eases policy rate to 6.25%; changes stance to neutral

Mumbai (IANS) In the final monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks to 6.25 percent.

The decision was guided on the basis of an assessment of…

Government decides to imprison corporate heads delaying payments to MSMEs

New Delhi (IANS) Directors of companies delaying payments for supplies made by small businesses will face imprisonment up to six months or pay fines between Rs 25,000 and Rs 3,00,000.

The Ministry of Corporate Affairs has notified new guidelines…

Government approves higher electricity allocation to Jharkhand, Telengana

New Delhi (IANS) The Union Cabinet on Wednesday approved a proposal to allocate 85 percent of electricity generated by NTPC's Telangana Super Thermal Power Project (TSTPP) to the state.

Additionally, the Power Ministry proposal also mandates…

IDBI Bank proposes to change name

Mumbai (IANS) IDBI Bank has said that its Board has approved a proposal to change the name of the lender to either LIC IDBI Bank or LIC Bank, subject to regulatory and shareholders' approval.

According to the lender, its…

Rs 50,000 cr at stake; Sebi clampdown coming on MFs lending against shares to promoters

New Delhi (IANS) Alarmed by the recent Zee episode in which nine mutual funds (MFs) were found to have lent a staggering Rs 7,000 crore to promoters of Zee group and then found themselves unable to liquidate the security of listed shares for fear…