Breaking News

Business

Sensex tumbles 229 points as weak macro data, rupee woes weigh

Mumbai: Benchmark BSE Sensex on Wednesday dived 229 points as concerns over poor macro data and confusion over US-China trade deal persisted. Further, continued unrest in Hong Kong led to fall in regional markets, also impacting sentiment on Indian bourses. A sharp depreciation in the Indian rupee too added to investors’ woes, traders said. The rupee dropped below the 72-level …

Read More »

Gadkari to inaugurate India Trade Fair today

New Delhi: Micro, Small and Medium Enterprises Minister Nitin Gadkari will inaugurate the 39th edition of the India International Trade Fair 2019 on November 14. Themed ‘Ease of Doing Business, the fair is inspired by the unique achievement of India of rising up to the 63rd rank on the World Bank’s Ease of Doing Business Index from 142nd rank in …

Read More »

Airtel, Vodafone Idea mulling review of SC’s AGR order: Sources

New Delhi: Airtel and Vodafone Idea are discussing with their legal teams on filing petitions for reviewing the Supreme Court’s recent order on adjusted gross revenue (AGR) after the Department of Telecom (DOT) told them to approach the court in this regard. Any review petition is required to be filed by November 24 as there is a time limit of …

Read More »

Co-operative week celebration to begin from tomorrow

NT NETWORK Panaji The 66th All India Co-operative Week will be organized by the Department of Co-operation from November 14 to 20, 2019. The programme will be inaugurated at Sahakar Bhavan, Curti, Ponda by Chief Minister Dr Pramod Sawant and Minister for Co-operation, Govind Gaude  on November 14 at 9.30 am. Kamakshi Pai, General Manager of NABARD, Panaji Goa, will …

Read More »

BIZ SCAN

Affle Q2 PAT at  `156 million NEW DELHI: Affle (India) Limited, a consumer intelligence driven global technology Company,  announced the results for second quarter and half year ended September 30, 2019. Affle reported a robust performance for H1 FY2020 with a consolidated revenue of Rs 1,593 million, an increase in revenue by 38.8% y-o-y. EBITDA was at Rs 404 million, …

Read More »

FinMin asks ministries to furnish R&D funding data

IANS New Delhi The Finance Ministry has asked ministries and departments to furnish data on funds spent by them and their autonomous bodies as well as PSUs on research and development (R&D) after Prime Minister’s Economic Council pointed out gaps between such expenditure not commensurating with growth of GDP. The ministry is referring to a report by PMEAC titled ‘R&D …

Read More »

India-ASEAN bilateral trade to reach $300 billion by 2025

IANS New Delhi With India pulling out of the Regional Comprehensive Economic Partnership (RCEP), country’s existing engagement with ASEAN is back in focus with an industry study suggesting that India’s bilateral trade with the ASEAN economies would double by 2025 to $300 billion from the current level of $ 142 billion (2018). The study conducted by PHD Research Bureau, PHD …

Read More »

Pradhan woos foreign firms to invest in India’s oil, gas sector

Abu Dhabi/New Delhi: India on Monday wooed foreign companies to invest in its oil and gas sector as the world’s third-largest energy consumer is likely to see over USD 100 billion spending in energy infrastructure creation to meet rising demand. Oil Minister Dharmendra Pradhan, who is on a two-day visit to the United Arab Emirates, showcased investment opportunities, promising political …

Read More »

Gold rises Rs 118 on global cues, rupee depreciation

New Delhi: Gold prices on Monday rallied by Rs 118 to Rs 38,678 per 10 gram in the national capital helped by a recovery in global prices and sharp rupee depreciation against the dollar, according to HDFC Securities. On Saturday, the precious metal had closed at Rs 38,560 per 10 gram. HDFC Securities Senior Analyst (Commodities) Tapan Patel said spot …

Read More »