Sensex down 40 pts ahead of CPI, IIP

Mumbai (IANS) Sensex and Nifty traded slightly lower during the early trade on Friday ahead of the release of key data points, Consumer Price Index (CPI) and Index of industrial production (IIP).

IIP data for May and CPI inflation for June…

Banks in big loss or under PCA to be barred from buying NBFC assets

New Delhi (IANS) State-run lenders currently under the RBI's Prompt Corrective Action (PCA) framework on account of bad loans and heavily loss making banks may not be allowed to buy the pooled retail assets of non-banking finance companies (NBFCs)…

SBI waives charges on online transactions

New Delhi (IANS) Lending major State Bank of India (SBI) on Friday said that it has waived charges on RTGS and NEFT transactions with effect from July 1.

In a statement, the bank also announced waiver of charges on IMPS (immediate payment service)…

Railways plans to add 4 lakh berths by leaving power cars

New Delhi (IANS) The Indian Railways which carries over 12 lakh passengers every day, aims to provide four lakh more berths for passengers every day from October when it will adopt the technology to generate power from the locomotives instead…

KRAS bags $100 mn order for 1,000 Barak missiles

Hyderabad (IANS) Kalyani Rafael Advanced Systems (KRAS) on Thursday received a $100 million contract from top Israeli arms firm Rafael to supply 1,000 Barak-8 MRSAM missile kits for the Indian Army and Air Force.

KRAS, India's first private…

After banks, govt may recapitalise PSU insurers prior to restructuring

New Delhi (IANS) After banks, the government may capitalise public sector general insurers this year to improve their finances and get them ready for the next wave of restructuring.

Sources in the Finance Ministry said that management consultancy…

Markets open on positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday after opening on a negative note turned positive soon after.

The Sensex of the BSE opened at 38,701.99 points and touched a high of 38,854.85 points. The Sensex touched a low…

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

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

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

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…