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Business
Haryana CM woos US Businessmen with New Industrial Policy
Washington, Aug 19: Haryana Chief Minister Manohar Lal has invited US businessmen to invest in his state saying Haryana's new industrial policy offered an ideal climate for doing business and getting best return on investment.
"Haryana…
EU says Greek 3rd Bailout not to exceed 86 bn Euros
Brussels, Aug 19: The European Union (EU) dismissed reports which warn Greece's financing need will exceed 86 billion euros, the overall sum the country will receive under an Eurozone fund in its fresh bailout plan.
"The possible finance…
BSE Sensex trades 63 points down in Early Session
Mumbai, Aug 19: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday was trading 63.19 points or 0.23 percent down during the morning session.
The wider 50-scrip Nifty of the National Stock…
Alibaba, Foxconn, SoftBank invest $500 mn in Snapdeal
New Delhi/Bengaluru, Aug 18: India's leading online marketplace Snapdeal on Tuesday announced raising $500-million (Rs.3,269 crore) capital in a fresh round of venture funding from Alibaba, Foxconn and SoftBank.
"With global leaders like…
Venture Capital needs to go beyond E-commerce: Jayant Sinha
Mumbai, Aug 18: Most of the venture capital funding coming into the country is currently going into e-commerce business instead of into startups in areas like biotechnology and solar power, union minister Jayant Sinha said on Tuesday.…
BSE Sensex closes 47 Points down, IT Stocks up
Mumbai, Aug 18: A lowered growth forecast, the widening monsoon deficit and diminishing hopes of a rate cut, coupled with a stalled reforms process, dented investor confidence in the Indian equity markets on Tuesday.
Bearish sentiments…
Roposo raises $15 million from Tiger Global
New Delhi, Aug 18: Fashion social network from India, Roposo, has raised $15 million from its existing investor Tiger Global, a company statement said here on Tuesday.
The company expressed its intention to invest these funds in building…
Moody’s lowers India’s Growth forecast to 7 Percent
New Delhi, Aug 18: Fears over deficient rains in the current monsoon season and gradual progress of reforms have prompted global credit ratings agency Moody's to lower India's growth forecast for this year by 50 basis points to 7 percent.…
Ministers inaugurate Air India Express Flight Varanasi-Sharjah
The Union Minister of Civil Aviation Ashok Gajapathi Raju and Union Minister of State for Civil Aviation, Culture (Independent Charge) and Tourism (Independent Charge), Dr. Mahesh Sharma today jointly inaugurated direct flight of Air…
BSE Sensex gains 122 Points in Morning Session
Mumbai, Aug 18: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Tuesday gained 122.34 points or 0.44 percent during the morning session.
The wider 50-scrip Nifty of the National Stock Exchange…