Sensex crashes 500 pts after Fed's hawkish remarks

Mumbai (IANS) Sensex plunged by over 500 points to fall below the 37,000-point mark during the afternoon trade on Thursday.

Indian equities in line with global markets fell as the US Federal Reserve after slashing the interest rates by 25 basis…

M&M's July sales down 15% on subdued consumer sentiment

Mumbai (IANS) Automobile major Mahindra and Mahindra (M&M) on Thursday reported a 15 per cent decline in its total vehicle sales for July, owing to tight liquidity and low buying sentiment in the domestic market.

The total sales of the…

Sensex down 178 points, CCD loses 20%

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note. News of Cafe Coffee Day owner's death shocked investors and led them to panic selling of the company's stocks.

The Sensex of…

Indian SMBs more interested in online presence: GoDaddy

New Delhi (IANS) Compared to their global counterparts, Indian entrepreneurs and small business owners are more inclined towards building an online presence, says a survey by Internet names and registrations management major GoDaddy.

Almost…

Invesco Oppenheimer to buy 11% stake in Zee Entertainment

New Delhi (IANS) The Subhash Chandra-led Essel Group on Wednesday said that it has reached an agreement with Invesco Oppenheimer Developing Markets Fund to make an additional investment in ZEE Entertainment Enterprises Ltd (ZEEL).

The Fund…

Cafe Coffee Day founder Siddhartha reportedly goes missing in Karnataka

Bengaluru (IANS) Cafe Coffee Day retail chain outlets founder V.G. Siddhartha was found reportedly missing since late on Monday from near Mangaluru in Karnataka, police said on Tuesday.

"A case of Siddhartha missing since Monday…

Sensex slightly in red ahead of major results

Mumbai (IANS) The Indian equity market traded in the red during the early trade on Monday ahead of key corporate earning results of ITC, Bharti Airtel, Hero MotoCorp and Axis Bank.

The performance of the sector heavy-weights will also be a…

Lacklustre festival season awaits India Inc, projections gloomy

New Delhi (IANS) A lackluster festival season is set to greet India Inc. this year. The impact of a widespread slowdown in the economy is starting to show in the balance sheets of Indian corporates.

To make matters worse, projections for the…

GST Council slashes tax on EVs and EV chargers

New Delhi (IANS) Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent effective August 1, 2019.

Govt in no hurry to float foreign currency bonds: CEA

Ahmedabad (IANS) Chief Economic Advisor to the Government, Krishnamurthy Subramanian, on Friday indicated that the government was not rushing into the idea of floating foreign currency sovereign bonds and "there is a deep thinking about the issue…