Business

Tata Motors’ October global wholesale down 19%

Mumbai, Automobile major Tata Motors Group on Tuesday reported a fall of 19 per cent in its global wholesales during October to 89,108 units, including the off-take for the Jaguar Land Rover (JLR). According to the group, its global wholesales of …

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Amazon launches ‘Project Zero’ in India to block counterfeits

New Delhi, In a bid to ensure that customers receive authentic goods when shopping on Amazon. Amazon on Tuesday announced to bring “Project Zero” to India. “Project Zero” introduces additional proactive mechanisms and powerful tools to identify, block and remove …

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Report says 2QFY20 GDP growth may slip to 4.7%

Mumbai,  Even as the government continues to stress that economic slowdown is cyclical in nature and a recovery will soon be visible, high frequency data suggests otherwise. After the poor IIP numbers, Kotak said on Tuesday that India’s 2QFY20 GDP …

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Second whistleblower fires more salvos at Infosys CEO

Bengaluru,  Unleashing a barrage of charges against Infosys Chief Executive Officer Salil Parekh, the second whistleblower fired more salvos at him, with the allegations ranging from his unaccounted travels to grabbing the company’s sponsored vantage point seats at the ATP …

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Sensex, Nifty end flat awaiting crucial macro data

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Mumbai,  Indian financial markets closed with minor gains on Monday as investors traded cautiously ahead of the release of September industrial production and manufacturing output data. Led by private banks and media stocks, Sensex closed 21.47 points higher at 40,345.08 …

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HDFC AMC, IGL hit 52-week high on entry into MSCI

Mumbai,  Scrips of HDFC Asset Management and Indraprastha Gas Limited on Monday surged to its 52 week high on the NSE after being included in the Morgan Stanley Capital International (MSCI) index last week. ICICI Prudential Life and DLF also …

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In reverse gear: Festivals fail to boost auto sales

New Delhi,  Despite the traditional up-tick in sales during the festive season, the slump in the domestic automobile sector continued unabated in October with the overall sectoral off-take plunging 12.76 per cent. On Monday, data furnished by the Society of …

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Turbulence in world politics hurting growth: Moody’s

Mumbai,  Increasingly unfriendly global political environment with tensions between the US and China over trade, India and Pakistan over Kashmir, EU and the UK over Brexit are “growth-diminishing”, Moody’s said on Monday. The antagonistic political environment is weakening global and …

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LinkedIn ‘Open for Business’ feature now in India

New Delhi,  Microsoft-owned professional networking platform LinkedIn on Monday launched “Open for Business” in India — a feature that allows freelancers and small business owners to add their services to their LinkedIn profiles. Initially rolled out in the US in …

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Ghate, Patra among candidates for RBI dy guv post

Protecting depositors, taxpayers is public interest RBI

New Delhi, The Financial Sector Regulatory Appointment Search Committee (FSRASC) is understood to have interviewed 10 candidates including RBI’s Executive Director Michael Patra and external MPC member Chetan Ghate among 3 other economists, two IAS officers for RBI’s deputy governor’s …

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