Business
Government spent Rs 1,157 cr in 2017-18 without approval: CAG

Government spent Rs 1,157 cr in 2017-18 without approval: CAG

12-02-2019  comments

New Delhi (IANS) The Centre spent Rs 1,150 crore more during the last fiscal across various grants without Parliament's authorisation, the national auditor said here on Tuesday.

"During 2017-18 in cases across 13 grants, there was…

Lower food prices more than halve India's retail inflation in January

Lower food prices more than halve India's retail inflation in January

12-02-2019  comments

New Delhi (IANS) Lower food prices more than halved India's retail inflation in January 2019 to 2.05 percent from 5.07 percent during the corresponding month of last year, official data showed on Tuesday.

On sequential basis, the Consumer…

Sensex down 110 points, Nifty below 10,950

Sensex down 110 points, Nifty below 10,950

11-02-2019  comments

Mumbai (IANS) The Sensex slid over 100 points after opening in the green while the Nifty shed close to 50 points during the morning trade session on Monday.

Except for IT stocks on the BSE, all the others sectors traded lower. Oil and gas,…

Brexit may bring long-term gains for India: Experts

Brexit may bring long-term gains for India: Experts

10-02-2019  comments

New Delhi (IANS) Britain is set to leave the European Union on March 29 and concerns remain across the globe with the financial markets already jittery over the possibility of a no-deal Brexit. For India, experts say, Brexit might have a short-term…

'Trump executive order could ban Chinese equipment-makers in US'

'Trump executive order could ban Chinese equipment-makers in US'

10-02-2019  comments

Washington (IANS) US President Donald Trump is preparing to sign an executive order next week, banning American carriers from using equipment from Chinese technology players, the media reported on Sunday.

The decision is expected…

EIL bags consultancy contract for Mongolia refinery

EIL bags consultancy contract for Mongolia refinery

10-02-2019  comments

New Delhi (IANS) Engineers India Ltd (EIL) on Sunday signed a project management consultancy contract for 1.5 million tonne greenfield refinery in Mongolia.

A memorandum of understanding (MoU) was signed by EIL and Mongol Refinery State Owned…

Reliance Group companies take legal action to protect stakeholders

Reliance Group companies take legal action to protect stakeholders

09-02-2019  comments

Mumbai (IANS) Anil Ambani-led Reliance Group companies on Saturday said they will take all appropriate legal steps against L&T Finance to protect and enhance the value of their respective stakeholders.

The group companies…

Sensex tanks 425 points, Nifty below 11,000

Sensex tanks 425 points, Nifty below 11,000

08-02-2019  comments

Mumbai (IANS) Both Sensex and Nifty ended over 1 percent lower on Friday following a steep decline in auto stocks led by Tata Motors and broadly negative global cues.

Heavy selling was witnessed in the auto stocks which fell over 3.37 percent…

Enterprises entering post-digital era to boost customer experiences: Accenture

Enterprises entering post-digital era to boost customer experiences: Accenture

07-02-2019  comments

Bengaluru (IANS) Four in five businesses believe that digital technologies like mobile, analytics and Cloud have moved beyond adoption silos to become part of the core technology foundation for their organization, an Accenture report said on…

RBI eases policy rate to 6.25%; changes stance to neutral

RBI eases policy rate to 6.25%; changes stance to neutral

07-02-2019  comments

Mumbai (IANS) In the final monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks to 6.25 percent.

The decision was guided on the basis of an assessment of…

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