Cabinet approves closure of loss-making Biecco Lawrie

New Delhi (IANS): The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved closure of Kolkata-based Biecco Lawrie Limited (BLL), after several attempts to revive the loss-making company failed, an official statement said.

The…

China seeks India's cooperation amid trade war with US

New Delhi (IANS): China and India need to deepen their cooperation to fight trade protectionism, the Chinese Embassy here said on Wednesday, as it accused the US of provoking trade disputes by adopting a unilateral approach.

"As the two…

IMF gives credit for reforms under Modi, projects India as fastest growing

United Nations (IANS): The International Monetary Fund (IMF) on Tuesday acknowledged the economic reforms carried out under Prime Minister Narendra Modi and projected India to be the world's fastest growing major economy this year and next.

Sensex down 150 points, Nifty below 11,300-mark

Mumbai (IANS): The key equity indices traded in the negative territory during the mid-afternoon trade session on Tuesday.

Although it opened in the green, the Sensex was down 150 points and the Nifty traded below the 11,300-mark owing to the…

Flipkart to insure mobiles bought on its e-platform

Bengaluru (IANS) Leading e-tailer Flipkart on Sunday said it had tied up with Bajaj Allianz General Insurance to offer insurance to products like mobiles bought on its online shopping platform from October 10.

"We will offer…

Nobel Prize in Economics awarded to 2 Americans

Stockholm (IANS): The Nobel Prize in Economic Sciences 2018 was awarded on Monday to American economists William Nordhaus and Paul Romer for designing methods that address fundamental and pressing issues including long-term sustainable growth in the…

US-based Qualcomm to set up $400-mn campus in Hyderabad

Hyderabad (IANS): Qualcomm will set up up a campus in Hyderabad at an investment of $400 million (about Rs 3,000 crore), which will be its largest facility outside of the United States, the Telangana state government announced on Saturday.

The…

Bankruptcy Code will deepen Indian corporate bond market: Assocham

New Delhi (IANS): The successful resolution of issues of banks' non-performing assets (NPAs) or bad loans through the Insolvency and Bankruptcy Code (IBC) will help deepen India's corporate bond market that is highly concentrated in AAA rated…

More steps likely to cut current account deficit: Arun Jaitley

New Delhi (IANS): Finance Minister Arun Jaitley said on Saturday the government was trying its best to narrow down the current account deficit (CAD) and more steps were likely in that direction.

He said while the government had already taken…

Likely RBI intervention helps rupee recover from record low

New Delhi  (IANS): A likely intervention by the country's central bank along with expectations of some short-term measures in the upcoming monetary policy to curb currency fluctuations aided the Indian rupee to recover on Thursday from its…