ECONOMY

Sensex ends flat, retreats from 53K mark on profit-booking

Maruti was the top gainer in the Sensex pack, rallying over 5%, followed by L&T, UltraTech Cement, TCS and Titan Equity benchmark Sensex ended...

NCLT approves Jalan Kalrock Consortium’s resolution plan for Jet Airways

The bid by the consortium of Kalrock Capital and Murari Lal Jalan was approved by the Committee of Creditors in October last year. The...

Rupee falls 10 paise to 74.20 against U.S. dollar in early trade

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 0.03 up 91.93%. The Indian rupee...

Vistara urges unified norm for vaccinated airline passengers

Airlines will need a “unified” solution for domestic and international air travel to enable hassle-free movement for fully vaccinated passengers, said Vistara’s Chief Commercial...

Windfall treasury gains added to PSB profits in FY21: ICRA

The onset of COVID-19 resulted in windfall gains for public sector banks (PSBs), with trading profits on their bond portfolios rising sharply after the...

Relax FCRA norms, expand GST sops on COVID-19 imports to prepare for future waves: CII president

T.V. Narendran said the Centre should do whatever it takes to help vaccine producers, including issuing confirmed orders and advance payments, to help inoculate...

Rupee falls 24 paise to close at 74.10 against U.S. dollar

The local unit witnessed an intra-day high of 74.08 and a low of 74.28 against the greenback The Indian rupee slumped 24 paise to...

Building the right emergency fund

Liquidity and easy access at all times must be the watchwords while saving money to meet a difficult situation One of the first pieces of...

Govt. open to more measures to boost economy: CEA

On effect of COVID second wave on growth, he says it is not likely to be very large The government is open to coming out...

FIDC seeks liquidity support for NBFCs for on-lending to MSMEs

‘With the changing economic environment and the associated developments, NBFCs, especially, small and medium sized ones, are facing liquidity crunch.’ Finance Industry Development Council (FIDC)...

Air India has time till mid-July to challenge Cairn lawsuit

Cairn has identified $ 70 billion of Indian assets overseas for potential seizure to collect award, which now totals to $ 1.72 billion after...

Ekki to begin production of Homa products in 6 months

Water technologies provider Ekki Group said it plans to commence assembly of German joint venture partner Homa’s products at its Coimbatore facility in the...

AWS to leverage cloud to expand in India: Dhawan

Witnessing an inflection point in customer spending on cloud technology, Amazon Web Services (AWS) is eyeing expansion in the ‘critical’ India market by leveraging...

No significant chance of Indians’ Swiss bank deposits rising: Finance Ministry

It says it has sought info from Switzerland and many factors could have increased deposits NEW DELHI The Finance Ministry has asserted that ‘there does...

Jio added 79 lakh users in March: TRAI

Telecom operator Reliance Jio gained more than 79 lakh mobile users in March, surpassing the combined net adds by rivals Bharti Airtel and Vodafone...

OWO is our largest redevelopment, it is the group’s commitment to Britain

‘London’s Old War Office complex will have residences, a hotel, restaurants, a spa’ The Hinduja Group recently put up its OWO Residences by Raffles, Europe’s...

Rupee snaps 8-day losing streak, settles 22 paise up at 73.86 per U.S. dollar

The domestic unit opened lower at 74.10 per dollar from the previous close of 74.08. The rupee on Friday broke its eight-session long losing streak...

Data | Centre’s tax revenues grew despite stringent lockdown on the back of excise duties

Shift in tax burden comes at a time when pandemic has led to many job losses and reduced income levels In FY21, despite a stringent...

Sensex rises over 200 points in early trade, Nifty tests 15,750

ONGC was the top loser in the Sensex pack, shedding over 2%. Equity benchmark Sensex jumped over 200 points in early trade on June...

Sugar season likely to end with lesser stocks

The closing balance of sugar stocks in the country during the current season ending September is expected to be 20-25 lakh tonnes lesser than...
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