Market opens higher, Sensex hits fresh high

Mumbai (IANS) The key Indian equity indices opened in the green on Monday with the BSE Sensex touching a new record high within just minutes into the trade.

Healthy buying was witnessed in metal, energy and oil and gas stocks.

Sensex…

Resume mining to overcome jobs, economy issues: CII to Goa govt

Panaji (IANS) The Confederation of Indian Industry (CII) Goa chapter has emphasised the need for prompt resumption of mining activities in the coastal state to overcome disruption in economy and unemployment caused by the Covid-19 pandemic.

Alterations…

Cargo movement issues likely to stay as supply chains resume: ADB

Mumbai (IANS) As international trade gets back to normalcy with gradual lifting of lockdowns across countries, difficulties in cargo movement and clearance processes are likely to continue, said an Asian Development Bank blog post.

Emphasising…

'LVB-DBS Bank India amalgamation fishy scheme'

Chennai (IANS) Concerned citizens, shareholders and a major union in the banking sector are of the view that the Reserve Bank of India (RBI) mooted amalgamation scheme for Lakshmi Vilas Bank (LVB) with DBS Bank India, a subsidiary of the DBS Bank,…

Transition to clean energy sources subdued participation in commercial coal auction: Ind-Ra

New Delhi (IANS) The transition to clean energy sources led to subdued participation in the recently concluded first round of commercial coal mine auction, said India Ratings and Research.

Accordingly, in a report, the agency said that domestic…

Adequate interest for BPCL disinvestment, no need to alter sale process: Govt

New Delhi (IANS) The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI).

The…

After 8-yr of negotiations, 15 Asia-Pacific countries sign RCEP

Beijing (IANS) After eight years of negotiations, 15 Asia-Pacific countries on Sunday signed the Regional Comprehensive Economic Partnership (RCEP), the world's biggest trade pact, a move considered a massive coup for regional economic integration,…

I-T profiling to help revenue dept nab fraudsters claiming fake GST credits

New Delhi (IANS) The government proposes to match GST data mentioned in Form 26AS with the turnover numbers provided while filing income tax returns.

The move is aimed at identifying unscrupulous persons who try to avail or pass on input tax…

Tata Motors expects to over achieve 2020 sales target

New Delhi (IANS) Backed by improved range of affordable products, automobile major Tata Motors expects its passenger vehicle business to over achieve the 2020 sales target.

Accordingly, the company had to increase production to meet the surge…

Change of guard at Murugappa group firms, Chairman Murugappan steps down

Chennai (IANS) Diversified industrial conglomerate Rs.381 billion Murugappa group's family member M.M. Murugappan has stepped down as the Chairman and as Director of Cholamandalam Investment and Finance Company Ltd and Coromandel International…