Business

Sensex, Nifty end at record levels; realty stocks up

Sensex gains nearly 200 points; telecom stocks rise

Mumbai, Despite weakness in the Indian economy, the equity markets continued to hit record levels in expectation of a revival. Nifty Realty index jumped by 0.88 per cent after Finance Minister Nirmala Sithraman, announced a Rs 25,000 crore fund relief …

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Mercedes-Benz launches Rs 1.10 cr luxury MPV in India

Chennai,  The sales trend for luxury car maker Mercedes-Benz India is positive in this segment, and from second half of the next calendar year, the turbulence caused by migration from BS IV to BS VI emission norms would settle down, …

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FM takes stock of economic situation at FSDC meet

New Delhi,  Finance Minister Nirmala Sitharaman on Thursday reviewed the current state of the economy at the meeting of the Financial Stability and Development Council (FSDC). FSDC is a body of financial regulators. There was no statement from the government …

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2,500 tonnes of onion imported, another 3,000 on the way

New Delhi,  With the price of onions hitting the century mark, the government is expediting supply from imports with over 5,500 tonnes of onion are to hit the retail markets shortly. Of this, 2,500 tonnes have already reached the Indian …

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Rajasthan Governor urges banks to support MSMEs

Jaipur,  Rajasthan Governor Kalraj Mishra on Thursday urged the banking sector to be more supportive towards the micro, small and medium Enterprises (MSMEs) in the state. In terms of financial assistance, he said that if required, the parameters and guidelines …

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India will not accept data imperialism: IT Minister

New Delhi,  Indicating the Centre’s unhappiness over the latest reports of security breach in WhatsApp that also compromised Indian users, IT Minister Ravi Shankar Prasad on Wednesday said India takes the issue of privacy, especially informational privacy, seriously and data …

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Markets hit fresh highs on hints of more boosters

Mumbai,  Indian markets on Wednesday logged fresh highs after Finance Minister Nirmala Sitharaman hinted more boosters for the pivotal real estate sector. Sensex hit fresh life time high of 40,606.91 while the Nifty surpassed the key 12,000 mark for the …

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IDBI Bank issues public notice on Vijay Mallya as ‘wilful defaulter’

New Delhi,  IDBI Bank has declared Vijay Mallya a wilful defaulter and issued a public notice on Wednesday with his old passport size photograph for default on payments worth Rs 1,566 crore in respect to Kingfisher Airlines. IDBI Bank NPA …

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Onion prices cross Rs 100/kg in Delhi, Centre turns to imports

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New Delhi,  Onion prices which have been rising for weeks now have crossed the psychological mark of Rs 100 a kg in Delhi. Despite various measures having been put in place by the Central government, onion prices have been on …

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RailTel IPO process gains momentum

New Delhi,  The government is looking to divest up to 25 per cent stake in RailTel Corporation through initial public offering (IPO), and is scouting for advertising agencies to manage the listing process. According to sources, the IPO will hit …

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