Hero MotoCorp stops production for 4 days

Mumbai (IANS) Hero MotoCorp, the country's largest two-wheeler manufacturer, on Friday said that their manufacturing facilities will be closed for four days (August 15 to 18) owing to "demand scenario".

Hero MotoCorp indicated…

PM reviews economy with Sitharaman

New Delhi (IANS) Prime Minister Narendra Modi on Thursday took stock of the prevailing economic situation of the country with Finance Minister Nirmala Sitharaman on Thursday.

Official sources, however, said such meetings are routine, emphasising…

Jalan panel report suggests RBI surplus transfer over 3-5 years

New Delhi (IANS) The Bimal Jalan committee tasked to recommend the formula to be adopted for transfer of the RBI's surplus to the government has finalised its report, official sources said here on Wednesday.

According to the sources, the…

Markets open on a positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 37,233.50 and touched a high of 37,250.07 and a low of 36,043.73 after closing at 36,958.16 on Saturday. 

It…

India's July retail inflation inches-lower to 3.15%

New Delhi (IANS) India's retail inflation inched lower to 3.15 per cent in July from 3.18 per cent in June and 4.17 per cent in the corresponding month of the previous year.

According to data furnished by the National Statistical Office…

Jio's FTTH to expand broadband market, will help Airtel: Fitch

New Delhi (IANS) The pricing scale and style of Reliance Jio's fiber-to-the-home (FTTH) services, GigaFiber, will expand the market and increase the scope for all operators to grow, including Airtel, since the home broadband penetration in India…

Sensex down 218 pts, RIL up 9%

Mumbai (IANS) The Sensex fell by over 200 points during the early trade on Tuesday.

Index-heavyweight Reliance Industries Ltd. (RIL) jumped nearly 9 per cent after Saudi Aramco signed a letter of intent for a proposed investment in RIL's…

Paytm surges in BFSI payments with 70% market share

New Delhi (IANS) Digital payments leader Paytm has announced that within a year of the launch of yet another important payment use-case - 'Loan EMI, Credit Card Bill, and Insurance premium' - it has captured 70 per cent market share amongst…

Demand truncation dents workforce in Gurugram-Manesar auto cluster

New Delhi/Gurugram (IANS) A massive slowdown led by truncating demand has forced the entire value-chain operators across the automobile industry to reduce production levels and downsize workforce to tide over lean times.

Specifically, the slowdown…

Recession knocking at the door of Indian economy: Amit Mitra

Kolkata (IANS) Expressing concern over the slump across various sectors, West Bengal Finance Minister Amit Mitra on Saturday predicted a deep recession knocking at the doors of the country's economy.

Mitra said the masses are stressed out,…