Wednesday , 14 November 2018
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Business

Truecaller hits 100 million active users globally

NEW DELHI Popular communication app Truecaller on Thursday announced that in less than a year, the app has leapfrogged from 100 million monthly active users (MAUs) to 100 million daily active users (DAUs) globally. “There are only a handful of mobile-only services that impact as many users each and every day and we are humbled to be able to join ... Read More »

Prabhu moots District Plan to pep up economy

UNI   NEW DELHI Commerce Minister Suresh Prabhu has decided to create District Plan to involve the districts more actively in the growth of the Indian economy. “To formulate a common development vision starting from the district level, through a participatory mechanism, it has been decided by Commerce Minister Suresh Prabhu that District Plan will be created for achieving this ... Read More »

Need to take suitable steps to address currency crunch: BEFI

UNI   NEW DELHI In view of the ongoing crisis of currency across many parts of the country with  ATMs running out of cash since last few days, the Bank Employees Federation of India (BEFI) has suggested that the government and the RBI take up appropriate measures to restore confidence of the people in banking system. In a statement on ... Read More »

ECONOMIC SCAN

Shobha Jewellers showroom opened in city Shobha Jewellers showroom being inaugurated in the city on the auspicious day of Akshay Trithiya by chief guest  Minister for Revenue and IT Rohan Khaunte and guest of honour EDC chairman Siddharth Kuncolienkar in the presence of  Ulhas Lotlikar chairman, Shreyas Lotlikar MD, Milind Lotlikar MD FinTech launches ‘PayNearby’ mobile app MUMBAI:  FinTech has ... Read More »

Blue Star to launch 40 energy efficient air-conditioners

NT NETWORK   PANAJI Goa’s room air conditioner demand is expected to increase at a faster rate compared to the average industry growth rate, according to officials of Blue Star Ltd, one of the leading players in air conditioners. “Rising demand from a thriving tourism industry will spur the Goan market along with consumption from other segments,” said, B Thiagarajan, ... Read More »

Sensex rises for 9th day on normal monsoon forecast

PTI MUMBAI Surging for the ninth straight session, the BSE Sensex gained about 90 points to close at 34,395 today as stocks made further headway powered by normal monsoon forecast and positive trend in Europe. This is the longest winning run since September 2014. Sentiments remained upbeat after the Meteorological Department yesterday forecast that the country will receive “normal» monsoon ... Read More »

Flipkart, ASUS to launch consumer-oriented products

IANS NEW DELHI E-commerce player giant Flipkart and Taiwanese electronics company ASUS on Tuesday announced a long-term partnership under which Flipkart will become ASUS› premier partner and seller for smartphones that have been customised to address Indian customers› needs. On the marketing front, both companies would extensively support each other in the planning and execution of marketing activities for ASUS ... Read More »

Rising Oil Prices Will Hit Indian Economy

Dr D M Deshpande The international prices of crude oil have risen in the recent months; since March, prices have stayed firm, at around $70 per barrel. Petroleum is a highly volatile and globally traded commodity and it is extremely difficult to predict it’s price behaviour. Nonetheless, it is possible to ascribe certain principle reasons for it’s buoyancy of late. ... Read More »

PNB scam, fiscal slippage dent business optimism in June quarter

PTI   MUMBAI The Rs 13,000-crore PNB scam and fiscal slippage are among factors that have led to a sharp decline in business optimism for the June quarter, a report said on Monday. The optimism was rising in the September quarter of last year and hit a peak of 91 per cent for the first quarter of 2018, information services ... Read More »

UCO Bank’s shares slip to 12-yr low on loan fraud claims

IANS   MUMBAI Shares of public-sector lender UCO Bank on Monday plunged to almost 12-year low on the stock exchanges following the ongoing probe into an alleged Rs 737 crore loan fraud case. During the day›s trade, shares of the bank on the BSE slipped by 14.32 per cent to hit a new 52-week low of Rs 19.15 per share ... Read More »