Jumbo deal: Indian tea firm strikes $1 mn export deal with Chinese company

Beijing (IANS): As India eyes the world's biggest tea market in China, an Indian firm on Friday struck a $1 million export deal with a Chinese company.

Indian company Jay Shree Tea & Industries Ltd signed the contract with Chinese company…

Global cues, rupee dent equity indices

Mumbai (IANS): Broadly negative Asian markets, along with a slightly weak rupee and profit booking dragged the key domestic equity indices in the red during Monday's morning trade session.

In addition, heavy selling pressure was witnessed…

Geopolitical issues and festival likely to dampen Indian Equity Market in coming weeks

Mumbai (IANS) With the impending US sanctions on Iran, as also the ongoing quarterly earnings season and the upcoming festival of Diwali, the Indian equity market is likely to witness a short but eventful trading week ahead.

…

Loan under 59 minutes among Modi's major sops for MSMEs

New Delhi (IANS): Prime Minister Narendra Modi on Friday announced a host of sops for the ailing Micro, Small and Medium Enterprises (MSME) sector including approval for loans up to Rs 1 crore within 59 minutes with 2 percent interest subvention.

I'm a big believer in India, weak currency just speed bumps: Tim Cook

New Delhi (IANS): Admitting that his business in India in the fiscal fourth quarter of 2018 was flat and weak currency trends are just speed bumps, Apple CEO Tim Cook said he is a big believer in the country and can't wait for the future there.

Paytm registers 600% growth in UPI transactions in 6 months

New Delhi (IANS) Alibaba and SoftBank-backed Paytm on Friday said it witnessed 600 per cent growth in the Unified Payments Interface (UPI) transactions in the last six months.

One97 Communications Limited, that owns the brand…

GST collections cross Rs 1 lakh crore mark

New Delhi (IANS) Revenue collections under the Goods and Services Tax (GST) crossed the Rs 1 lakh crore mark in October, Finance Minister Arun Jaitley said on Thursday.

This was a marked improvement over the September GST collection…

Sensex jumps 550 points, Nifty above 10,300

Mumbai (IANS): Riding on firm global cues, the domestic markets ended higher on Wednesday, as the key equity indices -- S&P BSE Sensex and Nifty50 -- jumped over 1.60 percent each, driven by banking and finance counters.

However, the markets…

Apple confirms new iPad Pro, MacBook Air price in India

New Delhi (IANS): Apple on Wednesday confirmed the price of its newly-launched iPad Pro, MacBook Air and Mac Mini in India.

The 11-inch iPad Pro starts at Rs 71,900 for the Wi-Fi model and Rs 85,900 for the Wi-Fi+ Cellular model.

The…

US restricts Chinese chipmaker from buying American parts

Washington (IANS): The US has restricted exports to a state-backed Chinese company that makes semiconductors in the latest escalation in Washington's trade fight with Beijing.

On Monday, the US Commerce Department said Fujian Jinhua Integrated…