Sensex, Nifty fall 1% as crude oil prices surge

Mumbai (IANS): A rise in global crude oil prices, along with a weak rupee, dragged the key equity indices lower by around 1 percent on Monday.

Except for the IT and Teck sectors, all the other segments on the BSE like auto, energy, banking…

Aditya Birla Group to invest over $2 bn in Odisha

Bhubaneswar (IANS) Aditya Birla Group Chairman Kumar Mangalam Birla on Monday announced an investment of over $2 billion in Odisha in the next two years.

"Even as we are able to consolidate, we dream of higher growth trajectory…

Oil, rupee fail to cheer markets as investors turn wary ahead of polls

Mumbai (IANS): Key equity indices settled lower on Friday despite a sharp rebound in the domestic currency and a decline in global crude oil prices, as investors turned cautious ahead of key state assembly elections this month and the next.

The…

Jumbo deal: Indian tea firm strikes $1 mn export deal with Chinese company

Beijing (IANS): As India eyes the world's biggest tea market in China, an Indian firm on Friday struck a $1 million export deal with a Chinese company.

Indian company Jay Shree Tea & Industries Ltd signed the contract with Chinese company…

Global cues, rupee dent equity indices

Mumbai (IANS): Broadly negative Asian markets, along with a slightly weak rupee and profit booking dragged the key domestic equity indices in the red during Monday's morning trade session.

In addition, heavy selling pressure was witnessed…

Geopolitical issues and festival likely to dampen Indian Equity Market in coming weeks

Mumbai (IANS) With the impending US sanctions on Iran, as also the ongoing quarterly earnings season and the upcoming festival of Diwali, the Indian equity market is likely to witness a short but eventful trading week ahead.

…

Paytm registers 600% growth in UPI transactions in 6 months

New Delhi (IANS) Alibaba and SoftBank-backed Paytm on Friday said it witnessed 600 per cent growth in the Unified Payments Interface (UPI) transactions in the last six months.

One97 Communications Limited, that owns the brand…

I'm a big believer in India, weak currency just speed bumps: Tim Cook

New Delhi (IANS): Admitting that his business in India in the fiscal fourth quarter of 2018 was flat and weak currency trends are just speed bumps, Apple CEO Tim Cook said he is a big believer in the country and can't wait for the future there.

Loan under 59 minutes among Modi's major sops for MSMEs

New Delhi (IANS): Prime Minister Narendra Modi on Friday announced a host of sops for the ailing Micro, Small and Medium Enterprises (MSME) sector including approval for loans up to Rs 1 crore within 59 minutes with 2 percent interest subvention.

GST collections cross Rs 1 lakh crore mark

New Delhi (IANS) Revenue collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore mark in October, Finance Minister Arun Jaitley said on Thursday.

This was a marked improvement over the September GST collection…