Business News Updates

Kochi: In a bid to benefit millions of Internet users and connect the next billion users, global networking giant Cisco has teamed up with Google to roll out free, high-speed public Wi-Fi access globally, starting with India. The first pilot under the partnership has been rolled out at 35 locations in Bengaluru, Cisco said here […]

New Delhi: Gold prices dropped Rs 50 to Rs 35,720 per 10 gram in the national capital on Monday, owing to sluggish demand from jewellers, according to the All India Sarafa Association. Silver also ended lower by Rs 100 to Rs 41,900 per kg due to reduced offtake by industrial units and coin makers. Globally, […]

Bhopal: More than 150 passengers of a Mumbai-bound IndiGo flight from the city survived a scare on Monday evening when the pilot aborted take-off at the last minute at the Raja Bhoj airport here due to a technical glitch in the aircraft’s wheels, an official said. An IndiGo airline executive confirmed the incident and said […]

Mumbai: Equity benchmark BSE Sensex on Tuesday rallied over 250 points on heavy buying in auto and banking stocks amid positive cues from other Asian markets and US-China trade talks. The 30-share index was trading 256.08 points, or 0.68 per cent, higher at 37,942.45. Similarly, the 50-share NSE Nifty rose 74.35 points, or 0.66 per […]

Mumbai: The rupee opened on a weak note and declined by 4 paise to 68.79 against the US dollar in opening trade on Tuesday, amid sustained foreign fund outflows and rising crude oil prices. Forex traders said the rupee is trading in a narrow range as market participants are awaiting cues from the Federal Open […]

Kochi: Networking giant Cisco on Tuesday said it is ready with sixth-generation Wi-Fi for faster connectivity compatible for the fifth-generation cellular network. Besides higher data rates, Wi-Fi 6, which is expected to be rolled out later this year, also promises increased capacity, better control over how users access the network, improved performance in environments with […]

New Delhi: Gold prices Tuesday moved upward, gaining Rs 160 to Rs 35,880 per 10 gram in the national capital due to fresh buying from jewellers even as the precious metal remained flat overseas. Silver also firmed up by Rs 150 to Rs 42,050 per kg on increased offtake by by industrial units and coin […]

New Delhi: The CBI has booked London-based Rolls Royce in a corruption case for allegedly paying over Rs 77 crore as commission to an agent to win contracts from public sector undertakings HAL, ONCG and GAIL during 2007-11, officials said Tuesday. The action comes after a five-year-long inquiry by the agency initiated on the basis […]

New Delhi: The government on Tuesday appointed Rajiv Kumar, Secretary, Department of Financial Services (DFS), as the new Finance Secretary. Kumar, a 1986 batch IAS officer of the Jharkhand cadre, replaces Subhash Chandra Garg, who was shifted to the Power Ministry as the Secretary. The Appointments Committee of the Cabinet has approved the appoinment of […]

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note. News of Cafe Coffee Day owner’s death shocked investors and led them to panic selling of the company’s stocks. The Sensex of the BSE opened at 37,257.55 and touched a high of 37.275.62. The Sensex touched a low of 37,135.93. CCD stocks […]

Mumbai: The rupee tumbled 9 paise to trade at 68.94 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and rising crude oil prices. The rupee opened weak at 68.89 at the interbank forex market and slipped further to 68.94, showing a decline of 9 paise against its previous close. […]

New Delhi: The Supreme Court on Wednesday asked the central government to consider bringing a law to regulate mobile app-based taxi service providers like Ola and Uber to ensure safety and security of women passengers. A bench headed by Justice S.A. Bobde also asked petitioner Nipun Saxena to make representation before the Ministry of Transport […]

New Delhi: Lower production of refinery products decelerated the output pace of India’s eight major industries in June to 0.2 per cent, official data showed on Wednesday. According to the Ministry of Commerce and Industry data, the index of eight core industries had risen 7.8 per cent in June 2018. On a sequential basis, the […]

Here’s is a good news for subscribers of the Employee’s Provident Fund Organisation (EPFO) under Employee Pension Scheme (EPS). Once can now increase his/her monthly pension amount following the Supreme Court’s order in April this year which upheld a Kerala High Court verdict on monthly pension from the Employees’ Pension Scheme 95 (EPS 95). Earlier, […]

Mumbai: The rupee tumbled 41 paise to 69.20 against the US dollar in early trade on Thursday amid unabated foreign fund outflows and rising crude oil prices. Forex traders strengthening of the greenback vis-a-vis other currencies overseas and cautious opening in domestic equities weighed on the local unit. Forex traders said though the US Federal […]