Browsing Category
Business
Government to reduce 10 Percent Stake in Coal India
Kolkata, Aug 13 (IANS): The Centre is planning to further reduce its stake in the world's largest coal miner, Coal India Ltd. (CIL) by 10 percent and hopes to raise funds in the range of Rs.23,000 crore-Rs.24,000 crore by means of stock…
BSE Sensex surges 209 Points in Morning Trade
Mumbai, Aug 13: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Thursday surged 209.26 points or 0.76 percent during the morning session.
The wider 50-scrip Nifty of the National Stock Exchange…
Soft Loan of another Rs.6,000 crore to clear Sugarcane Arrears
New Delhi, Aug 12: With dues payable by sugar mills to cane farmers still at Rs.15,400 crore, the government on Wednesday approved a soft loan of another Rs.6,000 crore to be disbursed directly by banks to the growers.
The decision was…
Cabinet nod for India-Nepal Petroleum Products Pipeline
New Delhi, Aug 12: The union cabinet on Wednesday approved signing of a memorandum of understanding (MoU) between India and Nepal for constructing a petroleum products pipeline from Raxaul in India to Amlekhgunj in Nepal, as well as the…
Azim Premji, Shiv Nadar among World’s Top 100 Tech Billionaires
Washington, Aug 12: Two Indian tech tycoons, Wipro chairman Azim Premji and HCL co-founder Shiv Nadar are in the Forbes' first ever list of the 100 richest people in the technology field, dominated by Americans with Microsoft founder Bill…
Retail Inflation down to 3.78%; Factory Output rises to 3.8%
New Delhi, Aug 12: In a twin-cheer for stakeholders, India's annual retail inflation rate fell significantly to 3.78 percent in July, even as factory output, that has bee stuttering for some months, rose slightly to 3.8 percent in June,…
Reliance Infrastructure Net Profit down 12.44 Percent in Q1
Mumbai, Aug 12: Reliance Infrastructure on Wednesday reported a decline of 12.44 percent in its consolidated net profit for the first quarter (Q1) of the current fiscal.
The company's consolidated net profit for Q1 stood at Rs.401 crore…
Walmart India opens its 21st Cash & Carry Store in Agra
Agra, Aug 12: Walmart India, the wholly-owned subsidiary of world’s largest retailer, Wal-Mart Stores Inc., today announced the opening of its 21st Cash & Carry store in the country. It is the second Best Price Modern wholesale store in…
US dollar mixed amid 3rd Bailout Package in Greece
New York, Aug 12: The US dollar fluctuated against most major currencies as Greek government sealed its third bailout deal.
Greece and its creditors have completed negotiations on the terms of a third bailout package on Tuesday, which…
Mercedes Benz launches Mercedes AMG S63 at Rs.2.53 Cr
Bengaluru, Aug 11: As part of an aggressive product strategy, Mercedes Benz India on Tuesday launched Mercedes AMG S63 from its performance division Mercedes AMG, its 10th car launch in 2015.
"The new AMG V8 flagship model in the S-Class…