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Tag: Business

markets in Bhubaneswar
Holi 2022: Markets & Businesses Get Holi Boost

After 2 years, markets in Bhubaneswar witnessed good business during the festival of colours 'Holi'.

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Jobs In India
20 Lakh Amazon Jobs By 2025: E-Commerce Giant To Hire 8000 Candidates This Month

E-commerce giant Amazon will host its first-ever Career Day in India on September 16 this year. In what could be a great opportunity for job seekers, the world’s largest online retailer said it is hiring for more than 8000 direct job openings across 35 cities in India.

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TCS Hiring
IT-Giant TCS To Recruit Freshers Round The Year!

In a major move, India’s largest IT services provider, Tata Consultancy Services (TCS) is going to hire freshers throughout the year to deal with rising attrition.

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Maruti Suzuki's June Sales Zooms On Year-Over-Year

 Automobile major Maruti Suzuki India's June 2021 sales sky-rocketed on a year-on-year as well as sequential basis.

The future of Odisha politics
Op-Ed: The Future Of Odisha Politics

Dwelling in the past cocoons every generation in a comfort zone. Perennially under the spell of self-praise and in the illusion of own generation’s self-adulation, every age group of politicians assumes that their successors would be less worthy. They rue “things have changed”. Of course, they are supposed to change and ought to change. Whether […]

COVID-19 Impact: India's Retail Trade Loses Rs 15 Lakh Cr In 100 Days

New Delhi: The ongoing pandemic has hit every sector of the Indian economy hard and the retail trade in the country has lost about Rs 15.5 lakh crore in the past 100 days. In a statement, the Confederation of All India Traders (CAIT) said that the traders across the country are highly depressed because of […]

India's Banks 'Balance-Sheet Risks Rise' With Surging Lending Pressure: Fitch

Mumbai: India’s banks are staring at significant asset-quality challenges for at least the next two years despite regulatory measures, Fitch Ratings said on Thursday. Accordingly, Fitch estimates that the impact on impaired-loan ratios could be anywhere between 200bp-600bp, depending on the severity of stress and banks’ individual risk exposures. “The latest set of measures announced […]

Sensex Leaps Over 750 Points After PM Modi’s Rs 20 Lakh Crore Economic Package Announcement

Mumbai: The domestic stock market surged on Wednesday morning on the back of the Prime Minister’s announcement of Rs 20 lakh crore economic package. It has, however, receded from the intra-day high of 32,845.48 points. It had jumped 1,474 points during the initial trade to reach the day’s high. At 10.39 a.m., the BSE Sensex […]

SGX Nifty up 1.40%, points at positive start

Mumbai: The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India indicated a positive start for trading in Indian markets on Monday. In a much needed relief after the worst week since the 2008 financial crisis, the index was trading higher by 1.40 per cent to 8.61. Index futures of […]

Zomato Acquires UberEats In All-Stock Deal In India

New Delhi: Zomato on Tuesday announced it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in Deepinder Goyal-led food delivery platform. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato […]

Govt Eases Rules For Setting Up Petrol Pumps, Allows Non-Oil Companies In Business

New Delhi: In the biggest reform in the fuel retailing sector in almost two decades, the government on Wednesday relaxed norms for setting up petrol pumps, allowing non-oil companies to venture into the business – a move that could help private and foreign firms to enter the world’s fastest-growing market. At present, to obtain a […]

Sensex, Nifty open mildly higher

Mumbai: Sensex and Nifty turned choppy after opening slightly higher on Wednesday. The benchmark Sensex opened at 36,575.24 from its Tuesday’s close of 36,562.91. At 10.01 a.m., the Sensex was up 34.25 points or 0.09 per cent at 36,597.16. The Nifty was up 4.90 points or 0.05 per cent at 10,802.80. Nifty PSU Bank and […]

Rupee Falls Below 72 Mark Against US Dollar On Fund Outflows

Mumbai: The rupee on Friday declined below the 72 mark against the US currency in opening session due to continued foreign fund outflows and losses in the equity markets. The rupee fell by 22 paise to trade at a nine-month low of 72.03 against the US dollar in early session. The rupee traded in a […]

Sensex Rises Over 100 Pts On Positive Global Cues

Mumbai: Domestic equity benchmark BSE Sensex rose over 100 points in early trade on Tuesday led by gains in IT stocks amid positive cues from global markets. The 30-share was trading 100.23 points or 0.27 per cent higher at 37,502.72 at 0930 hours; and the broader Nifty too rose 16.15 points or 0.15 per cent […]

Entrepreneurial woes: Ease of doing business, not so easy

New Delhi: In most cases it takes a tragedy to bring the worlds focus to a plight prevailing for long, the same happened with V.G. Siddhartha’s death, as it brought to light the dark side of the Indian entrepreneurial environment. Although the NDA government has put much emphasis on easing regulations for doing business, harassment […]

Gold may remain overvalued in relation to oil for long

New Delhi: As gold prices have been soaring for some time now, experts feel the yellow metal will stay higher in comparison to the oil prices for a prolonged period. A recent report by natural resources investing company — Goehring & Rozencwajg — said that as central banks seem interested to continue their buying spree […]

Rupee Falls 38 Paise; Touches 71 Level Against US Dollar

Mumbai: The rupee deprecated by 38 paise and fell to 71 per dollar mark in early trade on Tuesday amid strengthening of the American currency and weak opening in domestic equities. Forex traders said the strength of the US dollar against other overseas currencies and concerns about US-China trade negotiations also kept investors edgy. At […]

Sensex, Nifty Start On A Cautious Note

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty opened on a cautious note on Friday tracking weak global cues, amid sustained foreign fund outflow. The 30-share index was trading 3.11 points or 0.01 per cent higher at 37,834.09 at 0945 hours; and the broader Nifty was also quoting flat at 11,252.15. In the previous […]

Rupee Slips 13 Paise To 69.05 Vs USD In Early Trade

Mumbai: The rupee opened on a weak note and declined by 13 paise to 69.05 against the US dollar in opening trade on Tuesday, amid sustained foreign fund outflows and rising crude oil prices. Forex traders said, strengthening of the US dollar vis-a-vis against other currencies overseas kept pressure on the Indian rupee. The rupee […]

Equity indices open in green ahead of Budget presentation

Mumbai: The key Indian equity indices opened on a positive note ahead of the presentation of the Union Budget by Finance Minister Nirmala Sitharaman on Friday, with the Sensex trading over 100 points higher. The budget is expected to feature several announcements with focus on the farm sector and rural India among others. At 9.17 […]

Markets open in red

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade and soon entered the negative range. The Sensex of the BSE opened at 39,907.57, touched a high of 39,908.47 and a low of 39,732.38. The Sensex is trading at 39,776.60 down by 39.88 points or […]

Sensex down 85 points, Nifty above 11,800

Mumbai: Ahead of the Union Budget, the Sensex and Nifty on Tuesday were trading marginally in the red. Union Budget is scheduled to be tabled on July 5. Analysts said that the Budget will be a key trigger for the markets, ahead of which some caution was being witnessed. The Sensex was trading 84.57 points […]

Sensex, Nifty flat; metal scrips gain

Mumbai: Sensex and Nifty traded on a flat note during the morning trade session on Tuesday. Traders remain cautious ahead of the Union Budget and a key meeting between US and Chinese Presidents Donald Trump and Xi Jinping at the G20 Summit in Osaka, Japan, where the two leaders are likely to discuss the ongoing […]

Key Indian equity market indices open in red

Mumbai: Taking a cue from global markets, the key Indian equity market indices on Thursday opened lower. The Sensitive Index (Sensex) of the BSE, which had closed at 39,756.81 points on Wednesday, opened lower at 39,679.35 points. Minutes into trading, it was quoting at 39,651.30 points, down by 105.51 points, or 0.27 per cent. At […]

Markets open in red: Sensex down 160 points

Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade. The Sensex of the BSE opened at 39,974.18, then touched a high of 39,982.10 and a low of 39,780.00. It is trading at 39,788.61 down by 161.85 points or 0.41 per cent fro its Tuesday’s […]

Equity indices open in green, Sensex up 320 points

Mumbai: The key Indian equity indices opened on a positive note on Monday, in line with the Asian stocks, with the BSE Sensex trading 320 points higher. Both the domestic and Asian investor sentiment strengthened after US President Donald Trump on Friday announced that he would not impose 5 per cent tariffs on Mexican exports, […]

Markets in red: Sensex down by 100 points

Mumbai: Taking a cue from global markets, the key Indian equity market indices on Tuesday opened lower. The Sensitive Index (Sensex) of the BSE, which had closed at 40,267.62 on Monday, opened lower at 40,196. Minutes into trading, it was quoting at 40,155.50, down by 112.12 points, or 0.28 per cent. At the National Stock […]

RBI sets up panel to develop secondary market for corporate loans

Mumbai: The Reserve Bank of India on Wednesday constituted a task force on development of secondary market for corporate loans. The six-member task force will have T. N. Manoharan, Chairman of Canara Bank, as its chairperson and will submit its report by the end of August 2019. The RBI said that the terms of reference […]

Federal Bank looks at 20% business growth in 2019-20

Kolkata: Private sector Federal Bank is looking at a 20 per cent growth in business in the current fiscal, an official said on Wednesday. “We are pursuing a 20 per cent year-on-year growth in business, including deposits and credit, in 2019-20,” Federal Bank MD and CEO Shyam Srinivasan said. The lender had posted a net […]

Indian equity markets
Markets retreat from historic highs

Mumbai: Indian equities seem to now have discounted the return of Prime Minister Narendra Modi. The Sensex after surpassing the historic highs is trading just over 300 points higher. At 1.27 p.m., the Sensex was up by 338.65 points or 0.87 per cent to 39,448.86 after its surpassed the 40,000 mark within minutes into Friday’s […]

RBI may toughen NBFCs' access to public deposits

New Delhi: The Finance Ministry may ask the Reserve Bank of India (RBI) to put strong regulatory framework around NBFCs accessing non-bank public deposits, like pension and provident fund, as these are savings of the salaried class and must be kept away from avoidable risks like infrastructure NBFCs. Faced with liquidity crunch after IL&FS default […]

Sensex ends 140 pts higher, VIX at 4 yr high

Mumbai: The benchmark Sensex managed to close 140 points higher on Wednesday amid record volatility as fresh nervousness gripped the market ahead of the general election results. The India VIX or the fear gauge shot up to 30.18, a four year high level as the euphoria around the exit polls seemed dying down. Index gains […]

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai
Markets surge: Sensex hits record high

Mumbai: Markets hit record highs on Tuesday’s opening session extending their rally for the second day running as the BSE Sensex rose over 100 points to an all-time high of 39,571.73 in early trade. The Sensex touched a fresh life time high of 39,571.73 during the opening session of the trade on Tuesday. At 9.29 […]

People walk past the BSE building in Mumbai
Exit polls: Nifty ends with largest point gain since 2008

Mumbai: The Nifty on Monday advanced by a massive 421.10 points to 11,828.25, its largest gain since 2008, as exit polls showed the BJP-led National Democratic Alliance getting a comfortable majority in the just-concluded general election. The BSE Sensex jumped by a healthy 1421.90 points or 3.75 per cent, closing at 39,352.67, just short of […]

Markets range-bound over weak global cues

Mumbai: Key equity indices opened marginally higher but turned range-bound on Tuesday over weak global cues and increasing nervousness owing to the ongoing general elections. Markets saw a lack of participation owing to the heightened US-China trade tension. China on Monday retaliated with $60 billion tariffs against $200 billion worth of tariffs that US slapped […]

itel's next budget smartphone set to take on Redmi 6A

New Delhi: China-based Transsion Holdings’ itel Mobile is set to launch a new feature-packed smartphone in India on May 16 that would take Redmi 6A head on. Industry sources told IANS on Monday that the power-packed itel device is likely to be launched below Rs 5,000. On the other hand, the 2GB and 16GB Redmi […]

'India's e-commerce regulations need more consultation'

Kolkata: India’s e-commerce regulations need more consultation with American companies that have invested in India, according to a senior US official. Acting Assistant Secretary of Commerce and Director General of the US Foreign Commercial Service for the Department of Commerce, Ian Steff on Friday said some of the e-commerce regulations have not received the type […]

Maruti Suzuki to phase out all diesel cars from April 2020

Automobile major Maruti Suzuki will stop selling all diesel fuelled cars from April 1, 2020 as new emission norms kick in from next year. According to the company’s Chairman R.C. Bhargava, the company will stop selling diesel cars from April 1, 2020 as car prices will rise due to the implementation of Bharat Stage-VI emission […]

Sensex ends above the 39k mark, up 490 points

Mumbai: Sensex ended above the psychological mark of 39,000 after it gained sharply during the end of the trade session on Wednesday, closing with a 489 points gain. Except for the auto company stocks, all the other stocks, led by oil and gas, closed higher. The benchmark Sensex finished 489.80 points or 1.27 per cent […]

Sensex at record high, crosses 39,000

Mumbai: The BSE Sensex on Monday touched a record high and crossed the 39,000 mark for the first time. Around 10.15 a.m., the Sensex hit a fresh record of 38,993 points. At 10.27 a.m, the Sensex traded at 39,015.26, higher by 342.35 points or 0.89 per cent from the previous close. The Nifty50 on the […]