Saudi to make biggest investment in Pakistan's history: Minister

Islamabad (IANS) A Pakistan Minister on Thursday said that an incoming investment package from Saudi Arabia promises to be "the biggest foreign investment in the country's history".

Asad Umar, while addressing…

Vivo announces Rs 4,000 crore investment for new UP plant

New Delhi (IANS): Chinese smartphone maker Vivo on Thursday announced an additional investment of Rs 4,000 crore over a period of four years for opening a new manufacturing plant on the Yamuna Expressway in Uttar Pradesh that will generate 5,000 jobs…

Manufacturing lifts India's November industrial output higher

New Delhi (IANS): Higher production in the manufacturing sector, especially of capital goods and consumer durables, accelerated India's industrial output to 8.1 percent in October from a rise of 4.46 percent in September and 1.8 percent during…

Urjit Patel's resignation signals dangerous trend: AIBEA

Chennai (IANS) Although the All India Bank Employees' Association (AIBEA) had earlier demanded RBI Governor Urjit Patel's resignation, his calling it quits on Monday has left the banking body shocked and disturbed and it has termed…

Sensex ends 190 points up as BJP showed sign of forming government in MP

Mumbai  (IANS) Short-covering, along with supportive global cues and chances of Bharatiya Janata Party (BJP) retaining power in Madhya Pradesh buoyed the Indian stock exchanges on Tuesday after a volatile trade session, with the S&P…

Shaktikanta Das to be new RBI Governor

New Delhi (IANS) The government on Tuesday appointed former Economic Affairs Secretary Shaktikanta Das as the new RBI Governor, a day after Urjit Patel suddenly resigned.

"The Appointments Committee of the Cabinet has approved…

Global cues, oil prices drag equity indices lower

Mumbai (IANS) Broadly negative Asian stock exchanges along with a rise in global crude oil prices and domestic political uncertainty pulled the key indices of the Indian equity market lower during the morning trade session on Monday.

Direct tax collections at Rs 6.75 lakh cr till November

New Delhi (IANS): Showing an increase of 15.7 percent over the last year, the gross direct tax collections till November stood at Rs 6.75 lakh crore, according to provisional figures released on Monday.

This was despite a 50 percent rise in…

Sensex nosedives over 700 points, Nifty ends below 10,500 mark

Mumbai (IANS): The Indian equity market slumped around two percent on Monday, with the S&P BSE Sensex shedding over 700 points, tracking a similar sell-off globally along with uncertainties over the upcoming results of the recently held state…

RBI Governor Urjit Patel quits

Mumbai (IANS): Reserve Bank of India (RBI) Governor Urjit Patel on Monday resigned from his post with immediate effect, citing "personal reasons".

"On account of personal reasons, I have decided to step down from my current…