Mumbai: Extending its consolidation phase, the BSE Sensex today recovered marginally by 93 points on selective buying by retail investors and sustained foreign inflows even as Asia ended weak, tracking a pullback in US markets from record highs. The market opened positive on overnight earning numbers of FMCG major ITC, while subdued Asian cues weighed […]
Shanghai: India has underlined the need for a judicious mix of fiscal, monetary and structural policies by major economies to deal with the heightened uncertainty on account of Brexit. “Governments, Central Banks and regulators have to mitigate the pressure of such vulnerabilities through judicious mix of fiscal, monetary and structural policies,” Jaitley said in his […]
New Delhi: Zensar Technologies today posted a flat net profit of Rs 76.2 crore for the quarter ended June 30, 2016 compared to that of Rs 76.1 crore in the year-ago period. Its revenue grew by 8.2 per cent to Rs 762.4 crore in the reported quarter from Rs 704.6 crore in the year-ago period. […]
New Delhi: Piramal Enterprises today said its board has approved raising up to Rs 1,000 crore through issue of non-convertible debentures. A meeting of Administrative Committee of the Board was held on July 21, 2016, it said in a BSE filing. “The Committee approved issue of secured non-convertible debentures (NCDs) aggregating up to Rs 1,000 […]
Mumbai: Market advanced for a second day as the BSE Sensex gained 128.27 points to 27,915.89, mainly led by pharmaceutical stocks after three Indian firms received nod to sell their generic versions of blockbuster Crestor drug in the American market. Sentiment also remained buoyant as a good monsoon season so far lifted hopes of a […]
Bengaluru: E-commerce firm ShopClues today refuted reports that it is in talks with rival Flipkart for a merger. “Really speaking, it is not the fact. Of course, mergers help but do not guarantee businesses to grow,” ShopClues CEO Sanjay Sethi told reporters here. Sethi said if money was the sole criterion to make and sustain […]
New Delhi: Reworking of proposed India-EU free trade agreement is dependent on the conditions of UK’s withdrawal arrangement from the European Union, Commerce Minister Nirmala Sitharaman said today. She also informed the Rajya Sabha that the impact of the exit of the UK from EU on India is expected to be minimal. “The need for […]
Mumbai: Rupee depreciated by 5 paise to 67.15 against the US dollar in early trade due to fresh demand for the American currency from importers. Dealers attributed the rupee’s fall to increased demand for the US currency from importers, but dollar’s weakness against some currencies overseas and a higher opening in domestic equity market restricted […]
New Delhi: India has imported over 7 lakh tonnes of pulses during April-May of this fiscal to meet domestic demand, Parliament was informed today. In a written reply to Lok Sabha, Food Minister Ram Vilas Paswan said the country has imported 7,05,477 tonnes of pulses in the first two months of 2016-17 fiscal. India had […]
New Delhi: Ministry of Civil Aviation has sought a budgetary provision of Rs 4,650 crore to revive 50 un-served and under-served airports and airstrips as it looks to boost regional air connectivity in the country. The expenses related to 32 Airports Authority of India (AAI) owned aerodromes, where there were no aircraft movements, stood at […]