Equity indices open in red

Mumbai (IANS): The key Indian equity indices opened on a negative note on Monday with heavy selling pressure in consumer durables, auto and banking stocks.

At 9.25 a.m, the wider Nifty50 on the National Stock Exchange traded at 11,088.80 points,…

L&T Technology Services strikes $40 mn deal in Europe

New Delhi (IANS): Global engineering services company L&T Technology Services Limited (LTTS) on Monday said it had won a multi-year deal to provide digital content management services to a leading European technology company's industrial products…

SBI reassures NBFCs on liquidity concerns

Mumbai (IANS): The State Bank of India (SBI) on Sunday asked non-banking financial companies (NBFCs) not to worry about credit availability as it would continue to support them.

SBI Chairman Rajnish Kumar gave the assurance after the shares…

Equity indices open in green; Sensex gains 280 points

Mumbai (IANS) The key Indian equity indices opened on a positive note on Friday tracking firm global cues, with the S&P BSE Sensex gaining around 280 points so far.

Further, Asian stocks rose after markets in the US hit…

World Bank commits $25-30 bn for India's transition to high middle-income country

New Delhi (IANS) The World Bank Group (WBG) on Friday approved its largest country program for India with a likely assistance of $25-30 billion by fiscal 2021-22 to help India's transition to a higher middle-income country.

Government appoints MD & CEO in 10 PSU banks

New Delhi (IANS): The government has appointed Managing Directors and Chief Executives of 10 public sector banks (PSBs) including the Indian Bank and the Syndicate Bank, said an official on Wednesday.

According to the Department of Personnel…

Social-media commerce accounts for 79% of online selling in India

New Delhi (IANS): Sales through social media platforms account for over 79 percent of the total online selling of goods and services in India, a PayPal report said on Thursday.

Growing digitisation and increasing internet penetration in India…

Small savings: Q3 PPF, NSC rates hiked to 8%, for KVPs to 7.7%

New Delhi (IANS): The government on Thursday raised the interest rates on small saving schemes, including National Savings Certificates (NSCs), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP), for the third quarter of the fiscal (October-December).

US-China trade war could last 20 years: Jack Ma

Alibaba founder Jack Ma has warned investors that the escalating trade dispute between the US and China could become a prolonged confrontation lasting as long as two decades, urging businesses to prepare for a difficult period ahead.

Speaking…

OnePlus among top 5 premium Android OEMs in Q2 2018: Report

New Delhi (IANS): Driven by strong sales in India, China and the UK, Chinese smartphone maker OnePlus entered the top five premium Android Original Equipment Manufacturers (OEMs) globally, in the second quarter of 2018, said a report on Wednesday.