Category archives for: Business

Banks stocks, positive European markets lift equities

Mumbai: Positive cues from the European markets, along with healthy buying in banking, consumer durables, auto and metal stocks, pushed the key Indian equity indices to provisionally close on a higher note on Monday. The Nifty50 of the National Stock Exchange (NSE) reclaimed the 10,100-mark. It edged higher by 132.60 points or 1.33 per cent […]

Trade war can lead to collateral damage for India, asserts ASSOCHAM

Apex trade association ASSOCHAM on Sunday said that if the tariff war between the United States and China escalates into a full-scale global trade war, it would have a collateral damage for the Indian economy as well. The country’s exports will take a hit, the current account deficit will face pressure, and the Gross Domestic […]

In a first, Western Railway transports Maruti cars consignment

In a first such initiative, the Western Railway has joined hands with automobile giant Maruti Suzuki India Ltd (MSIL) to transport its cars by train from its plant in Gujarat to other parts of India, an official said here on Saturday. The first such train (rake) loaded with 125 Maruti-Suzuki cars in 25 NMG coaches […]

Bitcoin drops over 4% after Japan warns largest operator

Tokyo: The value of Bitcoin fell more than 4 per cent on Friday on the main Japanese markets after the country’s national regulator issued a warning to the world’s largest cryptocurrency exchange, Binance, over its unlicensed operations. At 9.50 a.m., the value of the most popular digital currency was at about 918,800 yen ($8,762), marking […]

Nifty50 closes below 10k mark, Sensex sheds over 400 points

Mumbai: Escalating fears of trade war leading to a sell-off in the global markets spooked domestic investors and pulled the Nifty50 of the National Stock Exchange (NSE) below the 10,000-level on Friday while the BSE Sensex provisionally closed over 400 points lower. According to market observers, selling pressure was observed across all sectors led by […]

Equities close lower on global cues, selling pressure

Mumbai: Key Indian equity indices provisionally closed on a lower note on Thursday as negative European markets, along with selling pressure in banking, auto and capital goods stocks, suppressed investors’ sentiments. The key indices had opened on a higher note after the US Federal Reserve raised the benchmark interest rate by 25 basis points, signalling […]

Accenture, Grameen Foundation’s apps to boost women’s financial inclusion

  Accenture Labs in collaboration with the non-profit Grameen Foundation has developed two artificial intelligence (AI) and augmented reality (AR)-based applications that can boost rural women’s access to financial services. The apps — Emotional Analytics for Social Enterprises (EASE) and Grameen Guru — will be rolled out by Grameen Foundation India across 300 villages in […]

Sebi fines NDTV for disclosure lapses

New Delhi: Securities market regulator Sebi has fined media organisation NDTV, and four individuals for lapses in mandatory disclosure. According to a Sebi order dated March 16, NDTV has been fined Rs 10 lakh. Besides the firm, the regulator has fined — Prannoy Roy, Radhika Roy, Vikramaditya Chandra and Anoop Singh Juneja — Rs 3 lakh […]

Oil prices climb as US equities rebound

Oil prices ended higher as US stocks market rebounded. The West Texas Intermediate for April delivery on Friday rose $1.15 to settle at $62.34 a barrel on the New York Mercantile Exchange, while Brent crude for May delivery added $1.09 to close at $66.12 a barrel on the London ICE Futures Exchange, Xinhua reported. US […]

Rs 9.1-cr Chandri Paper fraud reported to CBI on Feb 13: PNB

The Punjab National Bank (PNB) on Saturday clarified that Rs 9.10 crore fraud unearthed pertaining to Chandri Paper and Allied Products was not a new fraud. “It is not a new fraud. Fraud had already been declared in respect of fradulent and unauthorised issuance of two LoUs for Rs 9.10 crore on the account of […]

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