Key Indian equity market indices open in green

Mumbai (IANS) Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.

The Sensitive Index (Sensex) of the BSE, which had closed at 35,756.26 on Wednesday, opened higher at 35,837 points.

Minutes…

Nifty PSU Bank Index outperforms after Rs 48,239 cr fund infusion

Mumbai (IANS) A day after the Finance Ministry announced capital infusion of Rs 48,239 crore in the 12 public sectors banks, PSU Bank Nifty index gained up to 1.6 per cent, outperforming the Nifty50 index.

During the afternoon trade…

EPFO Board recommends 8.65% interest rate for 2018-19

New Delhi (IANS) The Employees' Provident Fund Organisation (EPFO) board has recommended an interest rate of 8.65 per cent for 2018-19, 10 basis points higher over the previous fiscal.

In the financial year 2017-18, the interest rate was…

RBI Governor to meet bank CEOs on Thursday on rate transmission

New Delhi (IANS) Reserve Bank of India Governor Shaktikanta Das will meet PSU and private sector banks CEOs and MDs on Thursday to discuss rate transmission and persuade them to pass on the advantages after taking note of the non-passing…

Nasscom sees economic uncertainties ahead, stops forecasting

Mumbai (IANS) Industry body Nasscom on Wednesday released the findings of a survey of 100 Chief Executive Officers (CEOs) of information technology companies showcasing "cautious optimism" due to global economic uncertainties like trade…

Government to sell three SAIL plants

New Delhi (IANS) The government has decided to give a push to its strategic disinvestment plan within the current fiscal year itself by clearing sale of 100 per cent stake in three special steel producing units of Steel Authority of India Ltd. (SAIL),…

Sensex ends lower for ninth consecutive day; IT finish 2% lower

Mumbai (IANS) Major indices Sensex and Nifty fell for the ninth consecutive trade session on Tuesday after heavy selling in the final hour of the trade on account of profit booking.

Initially investor sentiments were upbeat owing…

PF funds' investment in IL&FS bonds have no government guarantee: FinMin

New Delhi (IANS) The provident and pension fund trusts that invested in the IL&FS bonds now fear loss of money as the debt-ridden company's bonds are unsecured debt, and the Finance Ministry says superannuated bonds do not carry any government…

Huawei involved in stealing Apple trade secrets: Report

San Francisco (IANS) Chinese tech giant Huawei has been involved in "a pattern of dubious tactics" to steal technology from its rivals, particularly Apple's China-based suppliers, The Information has claimed.

While the theft…

Set-back for Vedanta, SC refuses re-opening of TN copper smelting plant

New Delhi (IANS) In a setback to Vedanta, the Supreme Court on Monday refused to order the re-opening of its Sterlite Copper Smelting plant located in Tamil Nadu as it set-aside the National Green Tribunal's (NGT) December 15 order on…