Boeing setting up electronics, avionics facility in Bengaluru

Global aerospace major Boeing is set to invest Rs 1,152 crore to establish an electronics manufacturing and avionics assembly facility in Bengaluru, strengthening the city's position as a major aerospace and defence hub, a Karnataka government…

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

L&T Technology Services Ltd (LTTS) has secured a five-year contract from a leading European technology company to provide digital engineering content management services for its industrial products business, the engineering services firm said…

Equity indices open in red

Indian equity markets opened lower on Monday as investors stepped up selling in consumer durables, automobile and banking stocks, putting pressure on the benchmark indices.

At around 9.25 a.m., the Nifty 50 on the National Stock Exchange was…

SBI reassures NBFCs on liquidity concerns

The State Bank of India (SBI) on Sunday assured non-banking financial companies (NBFCs) that it would continue to support them with credit, seeking to calm concerns that the ongoing crisis at Infrastructure Leasing and Financial Services Ltd (IL&FS)…

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

The World Bank Group (WBG) on Friday approved its largest-ever country programme for India, with financial assistance of up to $30 billion expected by the end of fiscal 2021-22 to support the country's transition towards higher middle-income status.

Equity indices open in green; Sensex gains 280 points

Indian equity markets opened sharply higher on Friday, tracking positive global cues, with the benchmark S&P BSE Sensex gaining around 280 points in early trade.

The broader market sentiment remained upbeat after US stocks closed at record…

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

The government on Thursday announced higher interest rates on several small savings schemes, including the Public Provident Fund (PPF), National Savings Certificates (NSC) and Kisan Vikas Patra (KVP), for the third quarter of the 2018-19 financial…

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

Social media platforms have emerged as a major channel for online commerce in India, accounting for more than 79 per cent of total online sales of goods and services, according to a PayPal report released on Thursday.

The report, titled “Beyond…

Government appoints MD & CEO in 10 PSU banks

The government on Wednesday approved the appointment of Managing Directors and Chief Executive Officers (MDs and CEOs) for 10 public sector banks (PSBs), including Indian Bank, Syndicate Bank and Central Bank of India.

The appointments were…

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

Chinese smartphone maker OnePlus entered the global top five premium Android smartphone manufacturers in the second quarter of 2018, helped by strong sales in India, China and the UK, according to a Counterpoint Research report released on Wednesday.