Finance Commission likely to reject USD ...

Finance Commission likely to reject USD 12 bn pack...

India’s Finance Commission has told the power ministry that its proposal to award utilities 835 billion rupees (USD 11.6 billion) in incentives to install equipment to curb emissions is “unviable,” a senior official at the ministry told Reuters on Tuesday. The ministry submitted it...

20 Nov 2019

Mutual fund AUM rises 7.4 per cent to Rs...

Mutual fund AUM rises 7.4 per cent to Rs 26.33 lak...

Mutual funds' asset base increased to Rs 26.33 lakh crore in October-end, a rise of 7.4 per cent as compared with the preceding month, on the back of robust inflows in equity and liquid schemes. The 44-player industry logged an assets under management (AUM) of Rs 24.5 lakh crore in September-end, ac...

08 Nov 2019

BSNL rolls out VRS scheme; expects 70,00...

BSNL rolls out VRS scheme; expects 70,000-80,000 e...

Within days of government approving a relief package for the ailing corporation, state-owned BSNL has rolled out a voluntary retirement scheme for its employees, and said it expects 70,000-80,000 personnel to opt for it leading to savings of about Rs 7,000 crore in wage bill. BSNL Chairman and Manag...

06 Nov 2019
Microsoft rolls out new cloud tool for a...

Microsoft rolls out new cloud tool for analysing b...

Microsoft Corp announced on Monday a new service aimed at helping large businesses put to use the huge amounts of data stored in corporate systems. The Azure Synapse system, to be unveiled at an event in Florida, is part of the company’s fast-growing cloud computing unit, which has driven the ...

05 Nov 2019

Sensex, Nifty open on tepid note; Yes Ba...

Sensex, Nifty open on tepid note; Yes Bank rallies...

Market benchmark BSE Sensex retreated from its record peak in early trade on Tuesday as investors booked profits amid positive cues from global equities. After rising over 165 points in opening session, the 30-share index pared all gains to trade 41.28 points, or 0.10 per cent, lower at 40,260.68. S...

05 Nov 2019

IndiGo places order for 300 Airbus plane...

IndiGo places order for 300 Airbus planes

Many of the latest batch of aircraft are not expected to be delivered until mid-way through next decade. IndiGo’s announcement came days after IndiGo reported biggest quarterly loss, with the company hurt by issues surrounding engines from a former supplier on A320neo-family jets already in th...

30 Oct 2019
Sensex jumps over 250 points, crosses 39...

Sensex jumps over 250 points, crosses 39200-mark

Equity benchmark BSE Sensex jumped over 250 points in early trade on Thursday tracking gains in index heavyweights HDFC twins and L&T amid mixed global cues. After hitting a high of 39,327.15, the 30-share index was trading 143.09 points, or 0.37 per cent, higher at 39,201.92 in the morning trad...

24 Oct 2019

Indian external storage market valued at...

Indian external storage market valued at USD 101.8...

In a new analysis released by the Intelligence Data Corporation’s ‘Quarterly Enterprise Storage Systems tracker’, India’s external storage market witnessed a growth of 16.4 per cent Year-over-Year (YoY) by vendor revenue and stood at USD 101.8 million in the 2nd Quarter of 20...

24 Oct 2019

BSNL, MTNL to merge, get Rs 69,000 crore...

BSNL, MTNL to merge, get Rs 69,000 crore revival p...

Aiming to revive its two loss making telecom arms, Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government on Wednesday decided to merge the two ailing firms as part of a Rs 68,751-crore revival package which includes 4G spectrum allocation, raising sovereign bonds, ...

24 Oct 2019
Rupee slips 9 paise against US dollar in...

Rupee slips 9 paise against US dollar in early tra...

The Indian rupee opened on a cautious note and fell 9 paise to 71.03 against the US dollar in early trade on Wednesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows. Forex traders said trading in emerging market currencies were subdued af...

23 Oct 2019

Market starts on a tepid note amid weak ...

Market starts on a tepid note amid weak global cue...

Equity benchmarks BSE Sensex and NSE Nifty stared on a tepid note on Wednesday amid weak cues from global markets and foreign fund outflow. The 30-share index was trading flat at 38,963.28 in morning trade, and the broader NSE Nifty slipped 3.40 points, or 0.02 per cent, to 11,584.95. Other losers i...

23 Oct 2019