China launches 5G services in Qinghai-Tibet region

Beijing (IANS) China launched 5G network services in the high-altitude plateau of Qinghai-Tibet as a state telecom company opened a 5G base station in the city of Xining.

The government in April 2018 had announced to develop…

No link with transactions alleged in media report: Zee to bourses

New Delhi (IANS): Zee Entertainment Enterprises Ltd (ZEEL) on Sunday clarified that it has no connection with any of the transactions said to have been carried out by its promoter Essel Group, as alleged in a media report earlier this week.

The…

Government to infuse Rs 1,500 cr into Air India next week

New Delhi (IANS): The Central government will infuse a fresh equity of Rs 1,500 crore into national passenger carrier Air India early next week, a senior official said on Friday.

According to the senior official from the Ministry of Civil…

ED arrests Gautam Khaitan in AgustaWestland case

New Delhi (IANS): The Enforcement Directorate (ED) has arrested Gautam Khaitan, a co-accused in the case relating to the AgustaWestland VVIP chopper deal, on charges of money laundering, agency officials said on Saturday.

A lawyer by profession,…

Sensex opens 50 points higher, Nifty above 10,900

Mumbai (IANS): The Sensex on Friday opened 50 points higher while the Nifty reclaimed the 10,900 mark following gains in the other Asian markets.

Third quarter earning outcomes from index heavyweights such as Maruti Suzuki and Larsen and Toubro…

SC upholds insolvency code, set back for operational creditors

New Delhi (IANS): The Supreme Court on Friday upheld the Insolvency and Bankruptcy Code 2016 (IBC) in its entirety and constitutional validity, causing a setback to operational creditors who include Suppliers, customers and contractors.

A bench…

Mauritius PM inaugurates SBM Bank (India) Ltd in Mumbai

Mumbai (IANS) Mauritius Prime Minister P.K. Jugnauth inaugurated the SBM Bank (India) Ltd, which becomes the first foreign bank in India that was granted the Reserve Bank of India (RBI) licence to operate as a wholly owned subsidiary, an official…

CBI books V.N. Dhoot, Chanda Kochhar; raids in Videocon-ICICI Bank loan case

Mumbai (IANS): In a significant development, the CBI on Thursday lodged an FIR against ex-ICICI Bank chief Chanda Kochhar and her husband Deepak Kochhar and industrialist V.N. Dhoot besides four companies, and raided four locations in Maharashtra…

India's GDP likely to grow 7.4% this fiscal, at 7.6% in 2019-20: UN Report

New Delhi (IANS): The Indian economy is expected to grow at 7.4 percent in the current fiscal and its GDP growth will rise to 7.6 percent in 2019-20, before tapering down to 7.4 percent in 2020-21, according to a UN report released on Wednesday.

China imposes anti-dumping duty on Indian chemical import

Beijing (IANS): China has imposed anti-dumping duty on Indian and Japanese ortho-dichlorobenzene (ODCB) which will be effective from Wednesday.

The Chinese Commerce Ministry on Tuesday said the Chinese market had suffered damage due to the…