BUSINESS

Mumbai, Sep 25 (IANS) Crisil ratings on Wednesday said it expects some improvement in sentiments in the global steel market as well as a domestic demand growth in the second half of the financial year 2019-20."Crisil expects some improvement in global... Read More »

New Delhi, Sep 25 (IANS) In line with its disinvestment target, the government may soon move a cabinet note for strategic sale of its stake in major public sector enterprises, including the Bharat Petroleum Corp Ltd, the Container Corp of India and the... Read More »

Mumbai, Sep 25 (IANS) State-run IRCTC's initial public offering (IPO) will open on September 30 with a price band of Rs 315-320 per share to raise around Rs 645 crore.The issue comprised an offer for sale of 2,01,60,000 shares of Rs 10 face value, the ... Read More »

Mumbai, Sep 25 (IANS) Cash-strapped Essel Group on Wednesday said that its lenders have agreed to extend the timeline for loan repayment by the company.In a statement here, the Essel Group said that its lenders have extended "complete support" to the g... Read More »

New Delhi, Sep 25 (IANS) Mukesh Ambani has been adjudged the richest Indian, with a total fortune of Rs 3.8 lakh crore, by Hurun India in its joint report with IIFL Wealth.The Hurun India Rich List showed that the Reliance Industries (RIL) Chairman's w... Read More »

New Delhi, Sep 25 (udaipur kiran) The steps taken to reverse the economic slowdown, along with the upcoming festive season offers, might have the potential to accelerate the automobile sector’s sales growth, industry insiders opined. The trend of reduced prices on the back of recent corporate tax sops is expected ... Read More »

New Delhi, Sep 25 (IANS) The Asian Development Bank (ADB) has revised its outlook for India's GDP growth for the financial year 2019-20 to 6.5 per cent from the previous projection of 7 per cent due to domestic reasons such as the pre-election decline ... Read More »

Mumbai, Sep 25 (IANS) A global market sell-off on the back of US political developments coupled with fears of fresh banking sector non-performing assets (NPAs or bad loans) and profit booking led to a sharp decline in the Indian equity markets on Wedne... Read More »

Chennai, Sep 25 (IANS) Expanding the newly launched micro enterprises and jewel loan portfolios and raising about Rs 200 crore through non-convertible debentures (NCDs) and Rs 60 crore via securitisation, the rural India-focused Dvara Kshetriya Gramin... Read More »

By Subhash NarayanNew Delhi, Sep 25 (IANS) The government's strategic disinvestment plan for the current fiscal year seems to have hit an air pocket even before takeoff. After poor investor appetite forced extension of the deadline for submission of Ex... Read More »

New Delhi, Sep 25 (IANS) There has been a tectonic shift in the past decade not just in the overall buying pattern but also in the age of property buyers, according to a new report on Wednesday which found that younger Indians with much lower savings k... Read More »

New Delhi, Sep 25 (IANS) Following the announcement of reduction in corporate taxes by Finance Minister Nirmala Sitharaman, Indias largest car company, Maruti Suzuki on Wednesday announced an immediate Rs 5,000 cut in prices of its bestselling cars.The... Read More »

ZEE5, a video on demand website run by Zee Entertainment Enterprises, has entered into partnership with Kaltura, the leading video technology provider, for the deployment of the Kaltura TV Platform Player. The Kaltura TV Platform Player provides ZEE5 with market-leading Quality of Experience (QoE), while supporting over 8,000 devices, and ... Read More »

To ensure safety of users against hazards of electric leakage, Tata Power Delhi Distribution (TPDDL), a joint venture between Tata Power and the Government of NCT of Delhi, has signed a memorandum of understanding (MoU) with Havells India to strengthen the distribution of electrical protection devices in North and North-Western ... Read More »

Mumbai, Sep 25 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.The Sensex of the BSE opened at a high of 39,087.20 and touched a low of 38,795.73 after closing at 39,097.14 on ... Read More »

Strides Pharma Science has received an approval from US Food and Drug Administration (USFDA) for Rx and OTC Ranitidine tablets for the US market and is only commercializing the Rx product currently. The USFDA has learned that some ranitidine products contain a nitrosamine impurity called N-nitrosodimethylamine (NDMA) at low levels. ... Read More »

TVS Motor Company has entered into distribution partnership with Al Yousuf MC — a subsidiary of Al Yousuf LLC, in the United Arab Emirates. As a part of this association, a 2700 sq ft showroom was inaugurated along Sheikh Zayed Road in Dubai. The new showroom is the first of ... Read More »

Gold futures edged marginally lower on MCX on profit booking by investors. However, political tensions created in the US after the launch of a formal impeachment inquiry against US President Donald Trump by the US lawmakers capped downside to some extent. The contract for October delivery was trading at Rs ... Read More »

ICICI Pru Mutual Fund (MF) has launched the ICICI Prudential Commodities Fund, an open ended equity scheme. The NFO opens for subscription on September 25, 2019 and closes on October 09, 2019. Entry load is nil and Exit load will be 1% of applicable Net Asset Value, if the amount ... Read More »

To ensure safety of users against hazards of electric leakage, Havells India and Tata Power Delhi Distribution (TPDDL) have signed a memorandum of understanding (MoU) to strengthen the distribution of electrical protection devices in North and North-Western parts of Delhi. Along with that, both companies have also planned an extensive ... Read More »