Sensex down 150 points as US-China tension looms large

Mumbai (IANS): Sensex and Nifty traded lower following the Asian stocks during Tuesday's afternoon session after the US brought criminal charges against Chinese telecom giant Huawei that could escalate the US-China trade tensions.

In an…

ED attaches properties of Alchemist Group

New Delhi (IANS): The Enforcement Directorate (ED) on Monday said it has attached properties worth Rs 239 crore of the Alchemist Group, a firm related to Trinamool Congress MP Kanwar Deep Singh, in connection with a probe into a money laundering to…

RBI Governor takes stock of banking sector

New Delhi (IANS): Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said he took stock of the banking situation and shared his expectations from the banks at a meeting called by Department of Financial Services (DFS).

Das…

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…

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…

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,…

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…

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…

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…

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…