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Headline
DGFT to undergo overhaul, focus on local capacity
New Delhi, Aug 5 (IANS) The Directorate General of Foreign Trade (DGFT) is focusing on creating more capacities within the country to produce items that can cut down imports and accelerate exports in the electronics and hardware sector, including ventilators.
2020-08-05
Category: India, Delhi,Business/Economy
Triveni Turbine's Q1 consolidated net profit falls 11%
New Delhi, Aug 5 (IANS) Triveni Turbine Ltd on Wednesday reported an 11.23 per cent fall in its consolidated net profit for the April-June quarter, at Rs 27.25 crore.
2020-08-05
Category: India, Delhi,Business/Economy
Textile prices recovered in June, no sustainable recovery yet: Ind-Ra
New Delhi, Aug 5 (IANS) Prices of textile products recovered broadly in June 2020 from the lows of April and May on account of gradual resumption of operations, India Ratings and Research said on Wednesday.
2020-08-05
Category: India, Delhi,Business/Economy
Signs of recovery: Power generation decline slows in July
New Delhi, Aug 5 (IANS) In a sign that the economy is gradually returning back to normalcy after getting severely hit by the Covid-19 pandemic, the rate of decline in electricity generation in the past few months have slowed down in July.
2020-08-05
Category: India, Delhi,Business/Economy
FMCG stocks on a roll as household binge during lockdown drives valuations
New Delhi, Aug 5 (IANS) Stocks of fast-moving consumer goods (FMCG) companies are on a roll since the lockdown in March as increased consumption at home and lesser disruption in demand compared to other sectors have boosted valuations.
2020-08-05
Category: India, Delhi,Business/Economy
Samsung rejigs Galaxy ecosystem with 5 flagship devices
New Delhi, Aug 5 (IANS) Samsung on Wednesday added five flagship devices in its popular Galaxy ecosystem -- Note20 and Note20 Ultra (with enhanced S Pen), Galaxy Z Fold2, Tab S7 and S7+, a Galaxy Watch3 and Galaxy Buds Live.
2020-08-05
Category: India, Delhi,Business/Economy,Technology
Report on pre-packaged IBC deals expected in a month: IBBI Chief (IANS Special)
New Delhi, Aug 5 (IANS) The committee looking at the prospects and the framework for pre-packaged restructuring deals under the Insolvency and Bankruptcy Code (IBC) is expected to come up with its report in a months time, said M.S. Sahoo, Chairman, Insolvency and Bankruptcy Board of India (IBBI).
2020-08-05
Category: India, Delhi,Business/Economy
Consulting agency to vet govt tenders for compliance of norms
New Delhi, Aug 5 (IANS) The Department for Promotion of Industry and Internal Trade (DPIIT) plans to appoint a consulting agency for scrutinising tenders of Central government procuring entities for compliance with public procurement norms.
2020-08-05
Category: India, Delhi,Business/Economy
Satish Reddy to head Telangana's Life Sciences Advisory Committee
Hyderabad, Aug 5 (IANS) Pharma major Dr Reddy's Chairman Satish Reddy will head Telangana's Life Sciences Advisory Committee, which serves as a structured interface between the government, industry and academia.
2020-08-05
Category: India, Andhra Pradesh,Business/Economy,Health/Medicine
Springboard secures Rs 232 crore in Series B funding
New Delhi, Aug 5 (IANS) Online learning platform Springboard on Wednesday announced it has raised $31 million (approximately Rs 232 crore) in Series B funding, bringing its total capital raised to more than $50 million.
2020-08-05
Category: India, Delhi,Business/Economy,Technology
Offshore wind will 'surge' to over 234 GW by 2030; India lags behind
New Delhi, Aug 5 (IANS) While India is set to miss its first national offshore wind target, global offshore wind capacity will surge to over 234 GW by 2030 from 29.1 GW at the end of 2019, led by exponential growth in the Asia-Pacific region and continued strong growth in Europe, a new report by the Global Wind Energy Council (GWEC) said on Wednesday.
2020-08-05
Category: India, Delhi,Business/Economy
Samsung unveils 5 flagship devices in Galaxy ecosystem
New Delhi, Aug 5 (IANS) Samsung on Wednesday lifted the curtains from its much-anticipated launch of the year, with unveiling five flagship devices in its Galaxy ecosystem ? Note20 and Note20 Ultra (with enhanced S Pen), Galaxy Z Fold2, Tab S7 and S7+, a Galaxy Watch3 and Galaxy Buds Live.
2020-08-05
Category: India, Delhi,Business/Economy,Technology
Ajay Tyagi's term as SEBI Chairman extended till Feb 2022
New Delhi, Aug 5 (IANS) The government has extended the term of Ajay Tyagi as the Chairman of the Securities and Exchange Board of India (SEBI) by 18 months till February 2022.
2020-08-05
Category: India, Delhi,Business/Economy
Volatility hits equity indices ahead of monetary policy decision (2nd Ld)
Mumbai, Aug 5 (IANS) Volatility prevailed on Wednesday to hamper the upward movement of key Indian equity indices, a day ahead of monetary policy decision.
2020-08-05
Category: India, Maharashtra,Business/Economy
Intel, VMware join hands to boost future 5G rollout
San Francisco, Aug 5 (IANS) In a bid to accelerate the rollout of both existing 4G and the future 5G networks, global chip giant Intel and enterprise software major VMware on Wednesday announced a collaboration on an integrated software platform for virtualized radio access networks (RAN).
2020-08-05
Category: International, Costa Rica,Business/Economy,Technology
Regional lockdowns curbing migrant labourers' return: Ind-Ra
New Delhi, Aug 5 (IANS) Regional lockdowns, imposed by various states, are preventing the return of migrant labourers to their workplace, thereby impacting several sectors, such as manufacturing, India Ratings and Research said on Wednesday.
2020-08-05
Category: India, Delhi,Business/Economy
Banks, NBFCs' asset quality risks remain elevated: ICRA
New Delhi, Aug 5 (IANS) Asset quality risks for banks and NBFCs remain elevated despite the recent decline in loans under moratorium, ratings agency ICRA said on Wednesday.
2020-08-05
Category: India, Delhi,Business/Economy
Low demand shifting volumes to power exchanges
New Delhi, Aug 5 (IANS) Low demand conditions in the power market seem to have raised the volume of electricity being traded on exchanges, with the country's largest power exchange, the Indian Energy Exchange (IEX), registering an 11 per cent month-on-month increase in trading volumes at 5,334 million units (MU) in July.
2020-08-05
Category: India, Delhi,Business/Economy
Railways changes freight policy to boost economy
New Delhi, Aug 5 (IANS) With an aim to boost economic activities in the country during unlock 3.0, the Indian Railways is offering a slew of incentives, including 50 per cent concession in terminal access charges for covered wagons, to boost freight traffic.
2020-08-05
Category: India, Delhi,Business/Economy
AAI urges govt to continue MEIS scheme for aluminium industry
New Delhi, Aug 5 (IANS) Aluminium producers have urged the government to continue MEIS scheme for the industry as exports worth $5 billion are at stake.
2020-08-05
Category: India, Delhi,Business/Economy
Mall revenues set to halve this fiscal: Crisil
New Delhi, Aug 5 (IANS) The revenue of mall operators is set to halve this fiscal due to the Covid-19 pandemic-driven lockdowns, rating agency Crisil said on Wednesday.
2020-08-05
Category: India, Delhi,Business/Economy
Airtel ties up with AWS for cloud services
New Delhi, Aug 5 (IANS) Bharti Airtel on Wednesday announced a multi-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS) to deliver cloud solutions to large enterprise and small and medium enterprise (SME) customers in India.
2020-08-05
Category: India, Delhi,Business/Economy
Lockdown measures subdue India's service sector output: PMI
New Delhi, Aug 5 (IANS) Lockdown measures implemented to curb Covid-19 outbreak continued to subdue the Indian service sector's growth in July.
2020-08-05
Category: India, Delhi,Business/Economy
PLI scheme to be expanded to AC, furniture, leather sectors as MEIS wound up
New Delhi, Aug 5 (IANS) The government proposes to expand the scope of the production linked incentive (PLI) scheme to five or six more more sectors, including air conditioners and TV sets, leather, chemicals, furniture, tyres and toys, in a bid to boost manufacturing in the country.
2020-08-05
Category: India, Delhi,Business/Economy
Maruti Suzuki launches new S-Cross Petrol
New Delhi, Aug 5 (IANS) Automobile major Maruti Suzuki India on Wednesday launched the all new S-Cross Petrol with a starting price of Rs 8.39 lakh.
2020-08-05
Category: India, Delhi,Business/Economy
Godrej Properties logs Rs 20 cr consolidated net loss in Q1
Mumbai, Aug 5 (IANS) Godrej Properties on Wednesday reported a consolidated net loss of Rs 20.23 crore for the April-June quarter of FY 2020-21.
2020-08-05
Category: India, Maharashtra,Business/Economy
Uber starts hiring again, to recruit 140 engineers in India
Bengaluru, Aug 5 (IANS) After a wave of layoffs due to Covid-19 disruptions, ride-hailing major Uber on Wednesday said it is recruiting 140 more engineers for its tech teams in Bengaluru and Hyderabad.
2020-08-05
Category: India, Karnataka,Business/Economy,Technology
Liquidity to MSME rises as bank sanctions cross 1.38 lakh cr
New Delhi, Aug 5 (IANS) The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS).
2020-08-05
Category: India, Delhi,Business/Economy
IRDAI allows life insurers to send policy in electronic format
Chennai, Aug 5 (IANS) The Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurers to issue policy bonds in electronic format during FY2020-21 owing to Covid-19 pandemic.
2020-08-05
Category: India, Tamil Nadu,Business/Economy
HP expands PC manufacturing in India with Chennai facility
New Delhi, Aug 5 (IANS) In a fillip to 'Make in India initiative, PC and printer HP Inc on Wednesday said it has started PC manufacturing operations at electronics giant Flexs facility in Sriperumbudur, Tamil Nadu.
2020-08-05
Category: India, Delhi,Business/Economy,Technology
Gold nears Rs 55,000 per 10 gm, silver crosses Rs 70,000 per kg
Mumbai, Aug 5 (IANS) Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark.
2020-08-05
Category: India, Maharashtra,Business/Economy
Sensex reclaims 38,000; banking, finance stocks surge (Ld)
Mumbai, Aug 5 (IANS) The key Indian equity indices surged on Wednesday morning with the BSE Sensex reclaiming the psychological 38,000-mark.
2020-08-05
Category: India, Maharashtra,Business/Economy
Markets open on a positive note Wednesday morning
Mumbai, Aug 5 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.
2020-08-05
Category: India, Maharashtra,Business/Economy
Facebook unveils 2 'Accelerator' programmes to nurture startups
San Francisco, Aug 5 (IANS) To help nurture the startup ecosystem, Facebook has launched two new Accelerator programmes that will focus on product themes and exploration of collaborative partnerships to provide even more value for startups.
2020-08-05
Category: International, Costa Rica,Business/Economy,Technology
US stocks close higher as energy sector leads gains
New York, Aug 5 (IANS) US stocks finished higher on Tuesday, underpinned by solid gains in the energy sector.
2020-08-05
Category: International, United States,Business/Economy
Ratan Tata cites surge in shareholding value to counter Mistry's oppression claims (Ld)
Mumbai, Aug 4 (IANS) Ratan Tata has cited the surge in the shareholding value of Cyrus Mistrys family in Tata Sons to counter Mistrys allegations of oppression of minority shareholders in the group.
2020-08-04
Category: India, Maharashtra,Business/Economy
Outlook for external positions highly uncertain, risky: IMF
New Delhi, Aug 4 (IANS) The outlook for external positions of countries is highly uncertain with major risks, according to a report by the International Monetary Fund (IMF).
2020-08-04
Category: India, Delhi,Business/Economy
'Indian economy might recover relatively faster from Covid downtrend'
New Delhi, Aug 4 (IANS) Exhuming confidence on India's long-term economic prospects, Maruti Suzuki's Managing Director & CEO Kenichi Ayukawa has said the Indian economy may recover relatively faster from the Covid-induced downturn, as it did from the global financial crisis.
2020-08-04
Category: India, Delhi,Business/Economy
Ratan Tata accuses Mistry of creating 'smokescreen' of oppression
New Delhi, Aug 4 (IANS) Hitting back on Cyrus Mistrys allegations, Ratan Tata, Chairman Emeritus of Tata Sons, has said that Mistry has created a smokescreen of oppression and mismanagement.
2020-08-04
Category: India, Delhi,Business/Economy
SpiceJet gets Heathrow slots, flights from Sept 1 (Ld)
New Delhi, Aug 4 (IANS) Airline major SpiceJet has secured slots to operate flights at Londons Heathrow Airport from September 1.
2020-08-04
Category: India, Delhi,Business/Economy
NMDC sees sharp rise in iron ore production, sales
Raipur, Aug 4 (IANS) Mining major NMDC Ltd, India's largest iron ore producer, has recorded a sharp rise in overall production and sales in July 2020 as compared to the corresponding period in July 2019, despite the pandemic, a company statement said on Tuesday.
2020-08-04
Category: India, Uttarakhand ,Business/Economy
Banking, blue chip buy-ins lift equity markets
Mumbai, Aug 4 (IANS) Healthy buying in the banking sector as well as in the auto sector pushed the Indian equity market higher on Tuesday.
2020-08-04
Category: India, Maharashtra,Business/Economy
NMDC sees record jump in iron ore production, sales in July
New Delhi/Raipur, Aug 4 (IANS) Mining major NMDC, India's largest iron ore producer and a diversified Navaratna PSU, recorded a sharp rise in its overall production and sales
2020-08-04
Category: India, Delhi,Business/Economy
GDP seen contracting, NITI Aayog suggests ways to boost demand
Mumbai, Aug 4 (IANS) With the economy going through a slowdown, the NITI Aayog is of the view that India's GDP may contract around 5.1 per cent in the current fiscal.
2020-08-04
Category: India, Maharashtra,Business/Economy
Coronavirus fallout a rising risk for Indian ABS: Moody's
New Delhi, Aug 4 (IANS) The fallout of the coronavirus pandemic is raising risks for Indian asset-backed securities, rating agency Moody's Investors Service said on Tuesday.
2020-08-04
Category: India, Delhi,Business/Economy
Policy steps may boost profitability of sugar mills: Ind-Ra
New Delhi, Aug 4 (IANS) India Ratings and Research (Ind-Ra) has said policy measures can boost profitability of the sugar sector in the second half of 2020-21.
2020-08-04
Category: India, Delhi,National,Business/Economy
Coke enters immunity-boosting beverages category
New Delhi, Aug 4 (IANS) Beverage major Coca-Cola India on Tuesday unveiled two new brands to mark its entry into the nascent immunity-boosting beverages category in India.
2020-08-04
Category: India, Delhi,Business/Economy
Solar sector imports down 83% even before govt checks begin
New Delhi, Aug 4 (IANS) The Covid-19 pandemic has dealt a severe blow to India's solar equipment imports from China, even before various government initiatives to check imports and boost domestic manufacturing set in.
2020-08-04
Category: India, Delhi,Business/Economy
Kodak TV India to invest Rs 500 cr for new plant in UP
New Delhi, Aug 4 (IANS) Kodak TV India on Tuesday announced that it would invest more than Rs 500 crore in the next three years to set up a fully automated TV manufacturing plant at Hapur in Uttar Pradesh.
2020-08-04
Category: India, Delhi,Business/Economy
Sashidhar Jagdishan to take over from Aditya Puri as new HDFC Bank CEO
New Delhi, Aug 4 (IANS) In a change of guard at HDFC Bank after 26 years, Reserve Bank of India (RBI) has approved the appointment of Sashidhar Jagdishan as Managing Director and CEO of the Bank for a period of three years.
2020-08-04
Category: India, Delhi,Business/Economy