Business

Amid NBFC crisis, SBI reminds RBI of its role as lender of last resort

New Delhi,  Economists at the State Bank of India (SBI) have reminded the central bank that they should not forget their primary function of being the lender of last resort. As the NBFC continues to be in distress, economists at …

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Focus on demand creation reforms in budget: PHDCCI to govt

New Delhi, PHD Chamber of Commerce and Industry has urged the government that demand rejuvenating reforms should be the major focus area of the forthcoming Union Budget 2020-21. Demand creation reforms will push the broad based recovery of the economy and …

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Sensex, Nifty end flat; Vodafone ends 26% lower

Sensex gains 230 points, Nifty above 10,600

Mumbai,  The Sensex and Nifty closed with minor gains on Friday after the SC dismissed the review petitions of telcos on its Adjusted Gross Revenue (AGR) verdict. Vodafone Idea scrip price plunged 26 per cent on Friday and Bharti Infratel …

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Goyal welcomes ‘all kinds of investments under ambit of law’

Mumbai,  A day after belittling Amazon’s billion dollar investment, Commerce Minister Piyush Goyal on Friday clarified that government welcomes all kinds of investments into the country which are within the ambit of the law. “We welcome all kinds of investments …

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After Goyal’s snub, Bezos offers 10 lakh new jobs in India

Mumbai,  A day after Commerce and Industry Minister Piyush Goyal snubbed him during a public event, Amazon Founder and CEO Jeff Bezos on Friday announced that the ecommerce giant will create 10 lakh new jobs in India by 2025 through …

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Airtel considers filing curative petition on AGR

New Delhi,  Moments after the Supreme Court on Thursday dismissed review petitions by telcos challenging its verdict in the Adjusted Gross Revenue (AGR) case, Bharti Airtel said it is considering filing a curative petition in the matter. Curative petition is …

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Sensex ends shy of 42,000, mid, small caps gains

Sensex gains nearly 200 points; telecom stocks rise

Mumbai,Mid and small cap stocks led the gains on Wednesday while most Nifty50 stocks ended in the red. The Sensex settled marginally lower from 42,000, which the benchmark surpassed earlier in the day. Investor sentiments were positive globally after the …

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ED summons AirAsia top brass for questioning on Jan 20

New Delhi,  The Enforcement Directorate (ED) on Thursday said it has summoned AirAsia’s top management including its Malayasia-based CEO Tony Fernandes for questioning on January 20. A source in the ED said that they have summoned the top brass for …

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Sensex, Nifty end flat; Wipro ends 3.50% lower

Sensex gains 230 points, Nifty above 10,600

Mumbai,  The benchmark index, Sensex, closed 80 points lower on Wednesday as global investors turned cautious after US said that tariff on China would continue till the US Presidential elections were over. The benchmark Sensex closed at 41,872.73, lower by …

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Amazon to invest $1 bn to digitise Indian SMBs: Bezos

New Delhi,  In a major announcement showing Amazon’s support for Indian MSMEs, CEO Jeff Bezos on Wednesday said that the company would invest $1 billion in digitising small and medium businesses (SMBs) on its platform in the country. Speaking at …

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