Business

Sensex opens flat, Yes Bank tanks 10%

Sensex gains nearly 200 points; telecom stocks rise

Mumbai, Sensex traded slightly lower after opening on a flat note on Thursday. At 10.14 a.m., the Sensex was trading 55.45 points lower at 39,160.19. It opened at 39,204.47 from its Wednesday’s close 39,215.64. The Nifty was trading 20.10 points …

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IL&FS fallout? After ICRA, Care rating CEO sent on leave

Mumbai, Care Ratings on Wednesday said the company’s board of directors has decided to send Rajesh Mokashi, Managing Director & CEO of CARE, on leave, with immediate effect, until further notice. The Care’s is the second rating agency head after …

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Mindtree net plunges 41% yearly, 53% quarterly

Bengaluru,  Leading IT consulting firm Mindtree on Wednesday reported Rs 93 crore net profit for the first quarter of fiscal 2019-20 against Rs 158 crore in the same period a year ago, which is a 41 per cent annual decline. …

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Xiaomi launches Redmi K20, K20 Pro smartphones in India

New Delhi, Chinese smartphone manufacturer Xiaomi on Wednesday launched two new smartphones — Redmi K20 and K20 Pro — in India which are the first flagship series under the Redmi sub-brand. The 6GB RAM + 128GB storage variant of Redmi …

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Sensex opens tad higher as Wipro, Yes Bank, Mindtree results awaited

Sensex gains 230 points, Nifty above 10,600

Mumbai,  The Sensex on Wednesday opened slightly higher above the 39,000 mark as result of several corporate biggies were awaited. Corporate earnings of companies like Yes Bank, Wipro and Mindtree will be announced later in the result-heavy day. At 9.17 …

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Anand Mahindra to ban plastic bottles from corporate boardrooms

New Delhi, Mahindra Group Chairman Anand Mahindra on Tuesday said he would ban plastic bottles from corporate boardrooms, after a Twitter user pointed them out in a photo of a meeting shared by him. Mahindra replied to a woman who …

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Sensex up 200 pts, Nifty above 11,650

Sensex gains nearly 200 points; telecom stocks rise

Mumbai, Sensex was trading over 200 points during the afternoon session of the trade on Tuesday, after openning higher. Buying was seen across sectors except IT. The IT index was dragged down by the TCS, which was trading nearly 1.7 …

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Tight liquidity dents June PV retail sales: FADA

New Delhi, Tight liquidity conditions, along with a delay in Monsoon, dented consumer sentiment and dragged passenger vehicle (PV) retail sales lower by 4.6 per cent on a year-on-year basis in June. According to data furnished by Federation of Automobile …

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Qlik appoints Ankur Goel as MD for India

New Delhi, Data analytics and business intelligence platform Qlik on Tuesday announced the appointment of Ankur Goel as its Managing Director for India. “Data is the one link that can enable enterprises, institutions, and projects to make sense of the fragmented, …

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Indian airlines resume flights operations over Pakistan

New Delhi, Indian airlines on Tuesday resumed flight operations on normal routes to Europe and other west-bound destinations over the Pakistan airspace, after Islamabad removed access restrictions. “After cancellation of NOTAMS by Pakistan and India in the early hours of …

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