India, China, US see 70% rise in energy demand: IEA

New Delhi (IANS) China, the US and India together accounted for nearly 70 per cent of the rise in energy demand, even as such demand worldwide grew by 2.3 per cent last year, at its fastest pace this decade, the International Energy Agency…

Sensex jumps 400 pts, Bank Nifty up 2.39%

Mumbai (IANS) Both Sensex and Nifty advanced over 1 per cent each during the afternoon session of trade on Tuesday owing to a recovery in the Asian markets.

The Nifty PSU Bank index, up 2.31 per cent, led the gains on the NSE while the IT index…

L&T to buy 31% Mindtree shares at Rs 5,030 crore

Bengaluru (IANS) Infrastructure behemoth Larson & Toubro (L&T) Ltd on Tuesday offered to buy over 5.13 crore shares or 31 per cent of IT major Mindtree's equity stake for Rs 5,030 crore at Rs 980 per share of Rs 10 face value.

"L&T…

SBI, Ministry devise plan to pay Jet staff: Sources

New Delhi (IANS) The new interim management of the cash-strapped airline Jet Airways led by state-run SBI to oversee the daily operations and cash flow on Tuesday drew up a plan in consultation with the Civil Aviation Ministry to address…

Jet Airways to fly 40 more aircraft by April end

Delhi (IANS) Jet Airways' management on Tuesday informed the Civil Aviation Ministry that it would fly 40 more aircraft by April end and also assured that it would not ground any more aircraft, Civil Aviation Secretary Pradeep Singh…

RBI Governor to meet fintech firms on growth hurdles

New Delhi (IANS) RBI Governor Shaktikanta Das will meet financial technology (fintech) companies this week to understand the issues affecting the growth of the sector and will issue guidelines on the regulatory "sandbox" for the sector in…

Jet Airways' Chairman Naresh Goyal resigns

Mumbai (IANS) Jet Airways promoter and founder Naresh Goyal on Monday resigned from the company's board.

The resignation followed the airline board's meeting in Mumbai on the day to decide on ways to procure interim funding as well…

Tata Motors to hike car prices by up to Rs 25,000

Mumbai (IANS) Automobile major Tata Motors will increase prices of its passenger vehicles range by up to Rs 25,000 starting April 2019.

The company said in a statement on Saturday that the prices will be hiked due to rising…

Petrol prices rise, diesel remains unchanged

New Delhi (IANS) Petrol prices rose around 5 paise across the four metropolitan cities on Sunday while the cost of diesel remained unchanged, data on the Indian Oil Corp's website showed.

In the national capital, petrol was priced at Rs…

India's forex reserves up $3.60 bn to over $405.63 bn

Mumbai (IANS) India's foreign exchange (forex) reserves increased by $3.60 billion during the week ended March 15, official data showed on Friday.

According to the Reserve Bank of India's (RBI) weekly statistical supplement,…