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56% of Myntra festive sales from small cities, towns

56% of Myntra festive sales from small cities, towns

05-10-2019 comments

Bengaluru (IANS) Beating the slowdown blues and bridging the digital divide between India and 'Bharat', fashion e-tailer Myntra on Saturday reported 56 per cent online annual growth from small cities and towns during its 'Big Fashion Days'…

PMC scam: ED files PMLA case, raids at 6 places in Mumbai

PMC scam: ED files PMLA case, raids at 6 places in Mumbai

04-10-2019 comments

New Delhi (IANS) The Enforcement Directorate (ED) has filed a money laundering case in the Rs 4,355 crore Punjab and Maharashtra Cooperative (PMC) Bank fraud matter, sources in the agency said on Friday. The sleuths of the federal financial investigation…

Growth Woes: RBI administers 5th rate cut; maintains accommodative stance

Growth Woes: RBI administers 5th rate cut; maintains accommodative stance

04-10-2019 comments

Mumbai (IANS) Sticking to "accommodative stance", the Reserve Bank on Friday reduced its key lending rates to boost consumption and reverse the slowdown that has plagued India's economic growth.

Taking the note of the continued…

Indian banking sector sound, stable: RBI Governor

Indian banking sector sound, stable: RBI Governor

04-10-2019 comments

New Delhi (IANS) Days after the PMC Bank came under scanner for alleged frauds, the RBI Governor Shaktikanta Das on Friday said that all was well with the banking system and one incident could not reflect the health of the overall system.

He…

Sensex down 200 points, markets dip on fresh trade concerns

Sensex down 200 points, markets dip on fresh trade concerns

03-10-2019 comments

Mumbai (IANS) The key Indian equity indices opened on a negative note on Thursday, with the BSE Sensex trading nearly 200 points lower.

The domestic indices traded in line with the Asian markets, which fell on fresh trade concerns after…

Huawei must be in play in India: Sunil Mittal

Huawei must be in play in India: Sunil Mittal

03-10-2019 comments

New Delhi (IANS) Bharti Airtel chairman Sunil Mittal on Thursday supported Chinese telecom equipment vendor Huawei Technologies to be allowed in all telecom operations in India, hinting towards even 5G trials saying their products are extremely good…

No change in petrol, diesel prices

No change in petrol, diesel prices

02-10-2019 comments

New Delhi (IANS) There were no change in diesel and petrol prices on Wednesday after two consecutive days of upward revision.

Crude prices in the international markets, however, rose owing to reports of decrease in oil reserved in the US.

SJM warns of 50 million rural job losses over dairy deal

SJM warns of 50 million rural job losses over dairy deal

02-10-2019 comments

New Delhi (IANS) The Swadeshi Jagran Manch, the Sangh affiliate is known more for its stands against the government than for it, has now taken up the cause of the cash cow that is India's dairy industry.

And this time it…

Surge in fuel prices continues

Surge in fuel prices continues

01-10-2019 comments

New Delhi (IANS) Fuel prices continue to soar on Tuesday. In Delhi, petrol rates surged to Rs 74.61 a litre, the highest since November 25 last year. Diesel was selling at Rs 67.47 a litre in the national capital.

The surge in fuel…

PMC Bank created dummy accounts to hide HDIL's NPAs

PMC Bank created dummy accounts to hide HDIL's NPAs

01-10-2019 comments

Mumbai (IANS) Days after fraud involving PMC Bank came to light, it now transpires that the rot was deep and the management hid it from the regulator RBI to save its reputation.

The bank even opened a number of dummy accounts to replace the…

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