Business

Mid-caps lose nearly 1%, Sensex closes flat

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Mumbai, Growth worries following the dismal second quarter GDP numbers led most stocks to end lower on Monday which was most visible in the broader markets as the BSE mid-cap index lost nearly 1 per cent. The benchmark, Sensex, however, …

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GDP data not gospel truth, need not be taken seriously: BJP MP

New Delhi,  A day after Finance Minister Nirmala Sitharaman hit out at the government critique saying espousing of personal views might hurt national interest, another Bharatiya Janata Party (BJP) member of Parliament on Monday hit headlines by rejecting the gross …

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Jio plans could be 20% cheaper than other telcos: Report

New Delhi,  Even with an announced tariff hike of 40 per cent, Reliance Jio would be cheaper by 15-20 per cent than other incumbents, analyst firms said on Monday while still awaiting for details of the company’s new plans. Along …

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Punjab seeks special incentives for industry

Chandigarh,  Reiterating his demand for special incentives from the Central government to boost investment and industry in Punjab, Chief Minister Amarinder Singh on Monday sought Union Minister Piyush Goyal’s intervention in the matter. In a letter to Union Minister of …

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Toyota India car sales dip 22% in November

Bengaluru,  Japanese car maker’s joint venture Toyota Kirloskar Motor (TKM) on Monday said it sold 8,312 units in November, registering a 22 per cent annual decline from 10,721 units in the same month a year ago in the domestic market. …

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Govt’s fiscal space to support economic activity limited: Kotak

Mumbai,  There may not be much the government can do to fightback the severe slowdown facing the economy because the fiscal space to do so is limited after the corporate tax rate cut and GST shortfall, Kotak said in a …

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FM hints at more interventions amid growth pangs

New Delhi,  Finance Minister Nirmala Sitharaman said on Saturday that several significant steps in structural reforms have been taken in the past few months and responses/interventions addressing the needs of the economy will continue, indicating more relief measures could be …

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UP EPF scam: Babus’ trouble to multiply as ED to probe money laundering

Lucknow, Suspecting money laundering in the Rs 4,122 crore Employees Provident Fund (EPF) scam in Uttar Pradesh, the Enforcement Directorate (ED) has sought documents from the Economic Offences Wing (EOW) of Uttar Pradesh Police, and it will soon launch a …

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OYO’s valuation continues to soar despite losses

New Delhi,  Hospitality unicorn OYO’s valuation has almost doubled in a year, reaching $10 billion between September 2018 and October 2019, despite significant losses in the financial year ending on March 31. The losses have reportedly mounted due to the …

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M&M Roxor violates Fiat Chrysler’s ‘trade dress’: US Judge

New Delhi,  Automobile major Mahindra and Mahindra (M&M) on Friday said an administrative law judge of the United States International Trade Commission (ITC) found that the Roxor model of Mahindra violates the “trade dress” of Fiat Chrysler Automobile ANV’s (FCA) …

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