Business

US stocks end week on high note

New York, US stocks ended higher as investors continued to keep a close eye on global trade updates and digested a batch of encouraging economic data. The Dow Jones Industrial Average hiked 211.22 points, or 0.82 percent, to 25,928.68 on …

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NCLAT seeks details of IL&FS’ dues

New Delhi, The National Company Law Appellate Tribunal (NCLAT) on Friday told the board of the cash-strapped IL&FS to submit details of the group’s dues. The matter has been adjourned till the next hearing on April 8. The Delhi-based appellate tribunal …

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Nissan India to raise Datsun GO and GO+ prices

New Delhi, Automobile manufacturer Nissan India on Friday said it will increase price of “Datsun GO and GO+” models by up to 4 per cent effective April 1. According to Hardeep Singh Brar, Director Sales and commercial, Nissan Motor India …

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High trade deficit pushes India’s Q3 CAD to $16.9 bn

RBI unlikely to hike rates in rest of FY19: SBI report

Mumbai, March 29 (IANS) India’s current account deficit (CAD) widened to $16.9 billion during the third quarter of 2018-19 from $13.7 billion reported in the corresponding period of 2017-18, the Reserve Bank of India (RBI) data showed on Friday. However, …

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Equity indices open in green, Sensex up 100 points

Mumbai, The key Indian equity indices opened on a positive note on Friday with the BSE Sensex over 100 points. The domestic indices rose in tandem with the rise in Asian markets, analysts said. Healthy buying in all the sectoral …

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Ship-building industry seeks quashing of RBI circular to survive

Protecting depositors, taxpayers is public interest RBI

New Delhi, Ship-building companies have petitioned the Supreme Court that the industry can survive only if the February 12 circular of the Reserve Bank of India (RBI) is quashed and set aside. The Shipyards Association of India (SAI) has told …

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Huawei profits increase by 25% to $8.8 billion

Beijing, Chinese tech giant Huawei on Friday that its annual profit jumped 25 per cent to 59.3 billion yuan ($8.8 billion) in 2018, but reported negative growth in its carrier business — a potential sign of strain in the face …

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US stocks close higher on trade optimism

New York,  US stocks closed higher as investors have been closely following updates on global trade and digested a batch of mixed economic data. The Dow Jones Industrial Average increased 91.87 points, or 0.36 percent, to 25,717.46 on Thursday. The …

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Jet delays ECB repayment due to liquidity constraints

No proposal made for Jet, only preliminary talks: Tata Sons

Mumbai, Financially troubled Jet Airways on Thursday said that the repayment of the External Commercial Borrowing (ECB) availed by the company for working capital purposes has been delayed. In a regulatory filing to the BSE, Jet Airways said: “This is …

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Paytm’s Sonia Dhawan ‘rejoins’ firm after 5 months in jail

New Delhi, A former top Paytm executive accused of data theft and extortion bid against SoftBank-backed company’s founder Vijay Shekhar Sharma has rejoined the company in a surprising turn of events, said a senior Paytm employee on Thursday. Sonia Dhawan …

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