India's February WPI rises to 2.93%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices rose to 2.93 per cent in February from 2.74 per cent reported for the corresponding month of 2018, official data showed on Thursday.

Even on a sequential basis,…

Fares soar over 100% as airlines cancel flights

New Delhi/Mumbai (IANS) Air passengers face the grim prospect of high air fares and fewer flight choices as several airlines have cancelled operations for a number of reasons, including the grounding of the Boeing 737-MAX aircraft.

Industry…

Now, India grounds Boeing 737-MAX aircraft

New Delhi/Mumbai (IANS) India's civil aviation regulator late on Tuesday suspended the operations of Boeing 737-800 MAX aircraft, after several other countries restrained their airlines from operating the aircraft type.

In a late night…

Premji earmarks 34% Wipro shares for philanthropy

Bengaluru (IANS) IT czar and Wipro Chairman Azim Premji has earmarked 34 per cent of Wipro Ltd shares worth market value of Rs 52,750 crore or $7.5 billion for philanthropy, a statement said on Wednesday.

"Azim Premji has increased his…

Homegrown e-commerce players form group

New Delhi (IANS) Several Indian e-commerce players, including Snapdeal, Shopclues and Urbanclap, formed an association of their own, The E-Commerce Council of India (TECI), on Wednesday to put forward the industry's views before the government…

Sensex up over 400 points, Nifty crosses 11,250

Mumbai (IANS) The domestic equity indices surged over 1 per cent on Tuesday, with the BSE Sensex gaining over 400 points after the European Commission and the UK agreed to "legally binding" changes in the Brexit deal ahead of the vote in…

Bharti Airtel to cut stake in Bharti Infratel

Mumbai (IANS) Telecom major Bharti Airtel will slash its stake in Bharti Infratel to 18.3 per cent by selling around 32 per cent stake to Nettle Infrastructure Investments, a regulatory filing by Infratel said on Tuesday.

Nettle Infrastructure,…

Cheaper food prices lower retail inflation in February

New Delhi (IANS) Lower food prices halved India's retail inflation in February 2019 to 2.57 per cent, from 4.44 per cent during the corresponding month of last year, official data showed on Tuesday.

Accordingly, the Consumer Food Price…

Sensex up 250 points, oil, gas stocks surge

Mumbai (IANS) Amid mixed global cues Sensex surged close to 250 points as key equity indices opened in green on Monday, owing to gains in the banking and finance stocks.

Healthy buying was seen in all the sectors with BSE Oil and Gas index…

Private equity investments up 51% in February

New Delhi (IANS) Private equity or venture capital investments rose by 51 per cent year-on-year to $2.6 billion (Rs 18,177.9 crore) in February 2019, said an EY report. It was 41 per cent higher than January.

"February 2019…