BUSINESS

Sensex sinks 311 pts; Nifty drops below 10,700-mark

Sensex sinks 311 pts; Nifty drops below 10,700-mark

February 18, 2019 6:49 pm

Mumbai: Falling for the eighth straight session, the BSE Sensex plunged over 311 points Monday on heavy selling in banking, FMCG, IT, auto and pharma stocks amid sustained foreign fund outflows. The 30-share index settled 310.51 points, or 0.87 per cent lower at 35,498.44. The broader NSE Nifty fell 83.45 points, or 0.78 per cent, […]

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Jet Airways likely to get over Rs 3,000 cr funds

Jet Airways likely to get over Rs 3,000 cr funds

February 17, 2019 7:18 pm

New Delhi: Loss-making Jet Airways is likely to receive fund infusion worth over Rs 3,000 crore post debt-rejig and investments by Etihad Airways as well as National Investment and Infrastructure Fund (NIIF) while founder Naresh Goyal might remain the promoter with less than half of the existing majority stake of 51 per cent, according to […]

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Customs duty on imports from Pakistan hiked to 200% after Pulwama attack

Customs duty on imports from Pakistan hiked to 200% after Pulwama attack

February 16, 2019 9:30 pm

New Delhi: India Saturday hiked the customs duty to 200 per cent on all goods imported from Pakistan, following revocation of the ‘most-favoured nation’ status in the aftermath of the Pulwama terror attack. “India has withdrawn MFN status to Pakistan after the Pulwama incident. Upon withdrawal, basic customs duty on all goods exported from Pakistan to India has been raised to 200% with immediate effect,” Finance […]

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UK and Russia hold first talks in over a year

Legrand bets on IoT market in India with ‘Eliot’

February 15, 2019 9:35 pm

New Delhi: Electrical and digital building infrastructure provider Legrand India Friday said it has rolled out a new programme ‘Eliot’ as it looks to tap into the multi-billion Internet of Things (IoT) market in the country. Through Eliot — which stands for Electricity and Internet of Things, Legrand India aims to inject the power of communications, advances in connectivity and intelligence in the […]

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UK and Russia hold first talks in over a year

Sterlite Power Forays Into Grid Connected Battery Storage

February 15, 2019 11:11 am

Mumbai: Submits bids for two projects invited by Salt River Project (SRP) in Arizona, USA Bids submitted for a cumulative capacity of 400 MW The solution provides for utility’s capacity and energy needs, including ancillary services Sterlite Power has submitted bids for two storage projects in the recently concluded auction of Salt River Project utility. This marks the first foray of Sterlite Power into grid connected […]

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Rupee declines 17 paise against US dollar in early trade

Rupee declines 17 paise against US dollar in early trade

February 15, 2019 10:28 am

Mumbai: The rupee weakened by 17 paise to trade at 71.33 against the US dollar in opening session Friday following sustained demand for the greenback from importers amid foreign fund outflow and rising global crude prices. The dollar’s gain against major world currencies also impacted the rupee sentiment, forex dealers said. At the forex market, the rupee opened weak at 71.22 […]

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Triumph launches new versions of Street Twin, Street Scrambler in India

Triumph launches new versions of Street Twin, Street Scrambler in India

February 14, 2019 6:02 pm

New Delhi: British superbike brand Triumph Thursday launched new versions of Street Twin and Street Scrambler in India priced at Rs 7.45 lakh and Rs 8.55 lakh, respectively (ex-showroom). The models now come with many additional features, including 18 per cent increase in power which now stands at 65 PS. “The Street Twin and Street Scrambler are […]

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Rupee declines 17 paise against US dollar in early trade

Rupee falls 14 paise against US dollar in early trade

February 14, 2019 11:17 am

Mumbai: The rupee depreciated 14 paise to 70.94 against the US dollar in opening trade at the interbank forex market Thursday on increased demand for the greenback from importers and banks amid rising global crude prices. A strong dollar in overseas markets and a lower opening of the domestic equity market weighed on the rupee, […]

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Firmenich CEO in Global Top 100 C-Suite Ranking

Firmenich CEO in Global Top 100 C-Suite Ranking

February 13, 2019 12:00 pm

Geneva: Gilbert Ghostine honored for inclusive growth leadership & innovation Firmenich is proud to announce that its CEO, Gilbert Ghostine, has been recognized by CEO Today with its 2019 “Global CEO Award”. With a relentless focus on delivering differentiating innovation, Gilbert Ghostine is a pioneer in leading inclusive growth to create sustainable value for his customers, colleagues, shareholders and communities. The flagship publication honors […]

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Rupee gains 26 paise against US dollar in opening trade

Rupee gains 26 paise against US dollar in opening trade

February 13, 2019 11:02 am

Mumbai: The rupee appreciated by another 26 paise to 70.44 against the US dollar in opening trade Wednesday after retail inflation fell to a 19-month low of 2.05 per cent in January. The weakness in the dollar against some currencies overseas as investors shifted their focus to riskier asset amid the US-China trade truce hopes, also supported the rupee’s upmove. Besides, retail inflation falling […]

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