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.

Reliance among top 250 world retailers in 2017: Deloitte

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…

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

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…

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…

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

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…

Sun Phrama stocks jump 5% after clarifications

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…

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

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,…

LIC completes 51% acquisition in IDBI Bank

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…

Sensex opens higher then trades flat

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…