Business
Industrial Growth at 6-month High of 3.4% in April: Official Data
The expansion in the mining sector was 5.1 per cent compared to 3.8 per cent in the year-ago month.
IndiGo Launches 4-Day Summer Sale: Domestic Tickets Starting From Rs 999
IndiGo has launched a four-day sale starting from 11th of June till 14th of June. It is valid for travel between 26 June and 28 September.
Urban Ladder Lays off 40% of its Workforce in Effort to Turn Profitable, Says Report
The leadership team at Urban Ladder now claims it is just a couple of months away from turning Ebitda profitable.
Cadbury Dairy Milk Chocolate Gets a ‘Healthier’ Version With 30% Less Sugar
Cadbury to launch a healthier variant with 30% lower sugar content than the normal variant. India and UK will be the first two markets to get the new chocolate.
India Among Top Destinations for London Tech Firms: Report
Between April 2009 and March 2019, Indian investments into London involved 36 projects by 22 Indian companies, with a CapEx of nearly 523 million pounds.
J&K Bank Shares Tumble 13% at Close of Trade; Hit Lower Circuit on Removal of Chairman
The Jammu and Kashmir government on Saturday removed J&K Bank Chairman Parvez Ahmed, and Anti-Corruption Bureau carried out a raid at the lender's corporate office in connection with alleged fraudulent appointments.
Assocham Bats for Raising Tax Exemption Limit to Rs 5 Lakh in Budget
The government is scheduled to present its first full Budget on July 5, for the current financial year.
India Has 597 ATMs Less in 2019 Than 2017, Says RBI Report
In terms of the number of ATMs deployed, India is next only to China, recording a strong compound annual growth rate of 14 per cent in the period between 2012 and 2017.
GAIL Investors Not Pleased With Regulator's Hike in Gas Pipeline Tariffs
GAIL had sought to raise the tariff to Rs 97.04 per mBtu in HVJ, citing a capex spending of Rs 24,708 crore, over the economic life of the pipeline lasting till 2035.
Indiabulls Real Estate Shares Rally as Promoters Sell Stake to Embassy Group
Indiabulls Real Estate has been selling its commercial assets to Blackstone. In December 2018, it sold 50% stake in two office assets in Gurgaon to Blackstone at an enterprise value of Rs 464 crore.
South Korea Records First Current Account Deficit in 7 Years
The world's 11th largest economy posted a current account deficit of $660 million in April, figures from the central Bank of Korea showed.
Jet Airways Failure A 'Wake Up Call', Policymakers Must Also Share Blame, Says SpiceJet Chairman Ajay Singh
SpiceJet chairman Ajay Singh said that internal factors and high costs were among the reasons for the failure of Jet Airways
Sensex Jumps Over 550 Points; Here’s a List of Top Gainers and Losers Today
Markets are betting high on the possibility of a repo rate cut in the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) meeting on 6 June after India’s economic growth slowed to 5.8% in the March quarter.
Goldman Sachs, Deutsche Bank, HSBC lower India’s GDP forecast for FY20
Many brokerage firms expect the slowdown effect to be visible for some more quarters ahead.
Will Work With Full Strength to Increase Job Opportunities in MSMEs, Says Nitin Gadkari
Nitin Gadkari, who has also been given charge of the Ministry of Road Transport and Highways, said that he has set a new target of laying 40 kms of road everyday over the next one-and-a-half years.
Ficci Hails Govt for Extending PM-KISAN Scheme to All Farmers
Ficci also congratulated Prime Minister Narendra Modi for a new pension scheme for five crore farmers as one of the first decisions of his new administration.