Business

CVC Shares Report Detailing Modus Operandi, Type of Lending in Top 100 Bank Frauds With

CVC Shares Report Detailing Modus Operandi, Type of Lending in Top 100 Bank Frauds With

Business October 16, 2018

The report, which has also been shared with the Ministry of Corporate Affairs, carries analysis of large value frauds reported since March 31, 2017.

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Rupee Spurts 35 Paise to Nearly 2-week High on Easing Crude

Rupee Spurts 35 Paise to Nearly 2-week High on Easing Crude

Business October 16, 2018

Traders said foreign fund inflows and greenback weakening against other currencies were the other factors that provided support to the home unit.

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Govt Hikes General Provident Fund Interest Rate to 8% for Oct-Dec

Govt Hikes General Provident Fund Interest Rate to 8% for Oct-Dec

Business October 16, 2018

The interest rate would apply on Provident Funds of central government employees, railways and defence forces.

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Infosys Second-quarter Profit Rises Over 10 Per Cent, Beats

Infosys Second-quarter Profit Rises Over 10 Per Cent, Beats

Business October 16, 2018

The Bengaluru-headquartered company posted a 17.3 percent rise in revenue from operations to 206.09 billion rupees.​

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This Pune-Based Firm is Addressing Landlessness in Agriculture Through Waste

This Pune-Based Firm is Addressing Landlessness in Agriculture Through Waste

Business October 16, 2018

Locals claim that their wages and chances of finding employment in farm lands across the area spike post the certification course.

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US Sanctions Against Iran: Govt Says No Issues With Oil Supplies, Sentiment Hurting

US Sanctions Against Iran: Govt Says No Issues With Oil Supplies, Sentiment Hurting

Business October 16, 2018

Refusing to say if India has sought a waiver of sanctions from the US as to continue purchasing crude oil from Iran, Oil Minister Dharmendra Pradhan said he has articulated the countrys position

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Indian Insurance Companies Not Covering Storage of Iranian Oil as US Sanctions

Indian Insurance Companies Not Covering Storage of Iranian Oil as US Sanctions

Business October 16, 2018

India had contracted to import about 25 million tonnes of crude oil from Iran in the fiscal year 2018-19 (April 2018 to March 2019), up from 22.6 million tonnes imported in 2017-18.

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Amazon Likely to Buy 7-8 Percent Stake in Future

Amazon Likely to Buy 7-8 Percent Stake in Future

Business October 16, 2018

In September, Amazon, along with private equity firm Samara Capital, bought Aditya Birla Group-owned More retail chain for an enterprise value of 42 billion rupees ($568.03 million).

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Indian Markets opened green senssex up by 154 points , Nifty howers

Indian Markets opened green senssex up by 154 points , Nifty howers

News Track Live October 16, 2018

Markets open in green as Sensex notches up 153 points New Delhi [India], Oct 16 (NT): The market on Tuesday opened in green as earlier trade with BSE Sensex notched up by 153 points or 0.4 per

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RBI Approves Appointment of Sandeep Bakshi as ICICI Bank MD,

RBI Approves Appointment of Sandeep Bakshi as ICICI Bank MD,

Business October 16, 2018

After resignation of Chanda Kochhar, Chief Operating Officer (COO) Bakshi as the new managing director and CEO for five years until October 3, 2023, subject to regulatory and other approvals.

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Sensex Reclaims 35,000-Mark, Rises Over 200 Points on Earnings

Sensex Reclaims 35,000-Mark, Rises Over 200 Points on Earnings

Business October 16, 2018

Rising for the third straight session, the 30-share index gathered 218.81 points, or 0.63 per cent, to 35,083.91 with all the sectoral indices led by auto, realty, consumer durables, capital good

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Rupee Softens 9 Paise Against US Dollar in Early

Rupee Softens 9 Paise Against US Dollar in Early

Business October 16, 2018

Dealers attributed the rupees fall to the dollars strength against some other currencies overseas but fresh inflows by foreign funds and a higher opening in domestic equity markets, capped the lo

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India Attracted $22 Billion of FDI Flows in First Half of 2018: UN

India Attracted $22 Billion of FDI Flows in First Half of 2018: UN

Business October 16, 2018

The report says that with the USD 22 billion FDI, India just about managed to make it to the top 10 host economies receiving the most FDI during the period.

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Soon, You May Have to Pay Disaster Tax on Top of GST as Govt Feels Funds in Kitty Not

Soon, You May Have to Pay Disaster Tax on Top of GST as Govt Feels Funds in Kitty Not

Business October 16, 2018

Saying that the NDRF fund was not enough to meet relief work expenses in the wake of natural calamities, a ministerial panel has sought the views of states on whether a state-specific or a nation

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Saudi Arabia Commits to Meeting Indias Oil Demand; Keen to Invest in

Saudi Arabia Commits to Meeting Indias Oil Demand; Keen to Invest in

Business October 15, 2018

Saudi Arabias oil minister said that they are Indias second-biggest oil supplier behind Iraq and committed to meet any shortfall that may arise due to sanctions on Iran.

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E-Tailers Clock Rs 15,000 Crore in Festive Sales in 5 Days; Amazon, Flipkart Claim Record

E-Tailers Clock Rs 15,000 Crore in Festive Sales in 5 Days; Amazon, Flipkart Claim Record

Business October 15, 2018

RedSeer Consulting in its report said e-tailers had a better sales performance over the five festive days from October 9-14, generating about Rs 15,000 crore in sales.

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Fully Compliant With RBIs Data Localisation Norms, Say Domestic Payment

Fully Compliant With RBIs Data Localisation Norms, Say Domestic Payment

Business October 15, 2018

Data localisation refers to the process of storing data within the borders of a particular country where the data was generated.

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Online Bidding for Sovereign Gold Bonds to Open from Monday, Says

Online Bidding for Sovereign Gold Bonds to Open from Monday, Says

Business October 15, 2018

The sovereign gold bonds (SGB) will be issued every month from October 2018 to February 2019.

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Rupee Slumps 26 Paise to 73.83 on Rising Crude

Rupee Slumps 26 Paise to 73.83 on Rising Crude

Business October 15, 2018

On Friday, the rupee had zoomed 55 paise to 73.57, marking the biggest jump in over three weeks.

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IL&FS: Govt Welcomes NCLAT Stay; Says Salaries, Ongoing Projects

IL&FS: Govt Welcomes NCLAT Stay; Says Salaries, Ongoing Projects

Business October 15, 2018

IL&FS and its subsidiaries have defaulted on several debt obligations recently and is sitting on over Rs 91,000 crore of long and short-term debt.

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