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Sensex ends 336 points lower led by sell-off in ITC

Sensex ends 336 points lower led by sell-off in ITC

23-01-2019  comments

Mumbai (IANS) After a largely choppy trade session for the better part of Wednesday the Sensex closed 336 points lower owing to the last hour selling in index heavyweight ITC, which missed estimates in its quarterly result.

ITC lost over…

Reliance among top 250 world retailers in 2017: Deloitte

Reliance among top 250 world retailers in 2017: Deloitte

23-01-2019  comments

Mumbai, Jan 23 (IANS) The global retailing industry saw record growth in revenue in 2017 with the top 250 companies increasing their revenue by over 83 per cent, according to the latest report by a professional services multinational that said…

India to be global growth leader in 2019-20: IMF

India to be global growth leader in 2019-20: IMF

22-01-2019  comments

United Nations (IANS): The International Monetary Fund's (IMF) World Economic Outlook Update released by chief economist Gita Gopinath on Monday said that India's economy is expected to grow by 7.5 percent in the 2019-20 fiscal year,…

Sun Phrama stocks jump 5% after clarifications

Sun Phrama stocks jump 5% after clarifications

22-01-2019  comments

Mumbai (IANS): Drug major Sun Phrama's shares gained over 5 percent during Tuesday's morning trade session after clarifications by the company on various issues including its dealing with Suraksha Realty.

At 10.48 a.m, its stocks…

Farm loan waivers to raise states' fiscal deficit: India Ratings

Farm loan waivers to raise states' fiscal deficit: India Ratings

22-01-2019  comments

New Delhi (IANS) Farm loan waivers and other schemes declared by states will raise their aggregate fiscal deficit next year but will not pose a major risk to their total debt burden, India Ratings and Research (Ind-Ra) said in a report.

"The…

Sensex opens higher then trades flat

Sensex opens higher then trades flat

21-01-2019  comments

Mumbai (IANS): The Sensex and Nifty on Monday traded on a flat note after opening marginally higher.

The financial and industrial stocks slipped in the red while the energy sector gained.

The Sensex of the BSE opened at 36,467.12 from…

LIC completes 51% acquisition in IDBI Bank

LIC completes 51% acquisition in IDBI Bank

21-01-2019  comments

Mumbai (IANS) State-run Life Insurance Corporation of India (LIC) on Monday completed its acquisition of 51 per cent stake in the financially-stressed IDBI Bank, according to a regulatory filing by the bank.

In its meeting during…

TN Defence Corridor to attract Rs 3,123 crore investment

TN Defence Corridor to attract Rs 3,123 crore investment

20-01-2019  comments

Tiruchirappalli (Tamil Nadu) (IANS): In an effort to accelerate indigenous production of defence systems, Defence Minister Nirmala Sitharaman on Sunday inaugurated a Tamil Nadu Defence Industrial Corridor here that is expected to attract Rs 3,123.50…

Centre dismisses two PNB Executive Directors

Centre dismisses two PNB Executive Directors

19-01-2019  comments

Chennai (IANS): The Central government has removed two Punjab National Bank (PNB) Executive Directors -- Sanjiv Sharan and K.Veera Brahmaji Rao -- for the lapses in the Rs 13,500 crore fraud allegedly perpetrated by absconding diamantaire Nirav Modi.

Jio added most subscribers in Nov 2018, followed by BSNL: TRAI

Jio added most subscribers in Nov 2018, followed by BSNL: TRAI

19-01-2019  comments

New Delhi (IANS): Reliance Jio led the subscription race in November 2018 adding around 88.01 lakh subscribers across the country, the highest among all the telecom service providers.

Data released by the Telecom Regulatory Authority of India…

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