Markets open on a positive note on Wednesday

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning trade.

The Sensex of the BSE opened at 61,800.07 points and touched a high of 61,876.38 points. The Sensex touched a low of 61,489.69…

High valuations, inflationary concerns subdue market

Mumbai (IANS) High valuations coupled with inflationary concerns and mixed global cues pulled India's key equity indices into the red on Wednesday.

Accordingly, premium valuations triggered profit booking. This along with high crude oil…

Only India, two others defy housing price rise in 60 countries surveyed by IMF

New York (IANS) While most economic indicators deteriorated in 2020, house prices largely defied the pandemic in over 57 of the 60 countries surveyed by the International Monetary Fund.

India, Philippines and the UAE bucked the housing bite…

Moody's revises outlook for Indian banking system to stable from negative

Mumbai (IANS) Moody's has revised the outlook for the Indian banking system to stable from negative suggesting that the deterioration of asset quality since the onset of the coronavirus pandemic has been moderate and an improving operating environment…

Surcharge on power bills of 30K consumers to be waived in Gurugram

Gurugram (IANS) Dakshin Haryana Bijli Vitran Nigam (DHBVN) has announced to waive surcharge on electricity bills of more than 30,000 consumers in Gurugram, officials said.

These connections were disconnected by the department for non-payment…

Tata Motors launch sub-compact SUV Punch at Rs 5.49 lakh

New Delhi (IANS) Automobile major Tata Motors on Monday launched sub-compact SUV 'Tata Punch' with a starting price of Rs 5.49 Lakh (ex-showroom Delhi).

According to Shailesh Chandra, President -- Passenger Vehicles Business Unit (PVBU),…

No additional borrowing by Centre to meet GST compensation of states in FY22

New Delhi (IANS) The Centre will stick to its borrowing programme for FY22 and will not tap the market for more funds to meet the GST compensation shortfall for states.

Government officials said the current revenue position, where both direct…

Fanning Growth: Housing Capex to sustain 'Fan' inds revenue traction

New Delhi (IANS) Improving housing activities along with resumption of Capex are expected to sustain strong revenue traction for the 'fan' segment of the consumer durables industry.

Accordingly in the coming quarters, if the ongoing…

HDFC Bank's Q2FY22 YoY net profit up 17.6%

Mumbai (IANS) Lender HDFC Bank on Saturday reported a year-on-year rise of 17.6 per cent in its net profit for Q2FY22.

The bank's net profit increased to Rs 8,834.3 crore during the period under review over the quarter ended September 30,…

UP's Purvanchal emerging as hub of vegetable export

Lucknow (IANS) The Purvanchal region of Uttar Pradesh is emerging as the export hub for vegetables.

Despite the Covid-19 pandemic, huge consignments of fresh green vegetables were flown from Purvanchal to the Gulf countries, for the second…