Business
Land Acquisition Woes Thwart Govt's Mega Refinery Plan With Saudi Aramco
The huge project was touted as a gamechanger for both parties - offering India steady fuel supplies and meeting Saudi Arabia's need to secure regular buyers for its oil.
Markets End Lower as Karnataka, Korea Keep Investors on Edge
The BSE Sensex sank 156.06 points to end at 35,387.88, while the Nifty lost 60.75 points to 10,741.10
Retail Inflation Rises in April, May Prompt RBI to Harden Monetary Stance
Retail inflation inched up to 4.58 per cent after declining since January on account of rise in prices of cereals, meat, fish and fruits.
Reserve Bank Puts Deposit, Lending Restrictions on Allahabad Bank
The central bank asked Allahabad Bank, which is already under the PCA mechanism, to restrict expansion of risk weighted average and reduce exposure to un-rated and high-risk advances.
Companies Struggle to Fill Talent Gap Over Women's Maternity Leave
According to AVTAR Group's Viewport 2018, a 'Maternity Management in Corporate India' report, about 61 per cent of managers felt that this was a huge challenge impacting business continuity, especially when the woman employee was in client facing roles or...
Bank Unions Opposed to Excluding Some Officers Cadre from Wage Talks
According to them, the Indian Banks' Association (IBA) want to have a separate wage settlement for officers in scale 4-7 and restricting the composite wage settlement for clerks and officers in the grade scale 1-3.
Apple on the Verge of Becoming First $1 Trillion US Company, But Amazon is Catching Up
Apple's market capitalisation on Thursday topped a record $934 billion, following its unveiling last week of a $100 billion buyback budget and news that Warren Buffett's Berkshire Hathaway dramatically increased its stake in the company.
Sensex Slips 82 Points on Weak Global Cues After Trump Pulls Out of Iran Nuke Deal
Crude oil prices zoomed past USD 76 per barrel mark amid foreign capital outflows and depreciating rupee. Asian shares ticked down as renewed US sanctions on Tehran were seen as disruptive for oil supplies.
Manipal CEO: Had to Take 'More Risky' Approach in Bid for Fortis
On Sunday Manipal made a risky move by sweetening its bid for Fortis, offering to inject 21 billion rupees to help the ailing hospital operator meet its immediate cash needs.
Sensex Gains 146 Points on Global Cues
All the sectoral indices, led by consumer durables, realty, IT, tech and banking, were trading in the green with gains of up to 1.56 percent. The broad-based NSE Nifty too rose by 41.55 points or 0.39 percent to 10,659.80.
Paving the Way for Walmart Takeover? Flipkart Buys Back Shares Worth Rs 2,300 Crore
US retail giant Walmart Inc is in advanced talks with Flipkart to acquire a controlling stake of more than 51 percent in the Bengaluru-based e-commerce firm at a valuation of at least $18 billion, sources said.
Cabinet Nod to Double Investment Under PMVVY to Rs 15 Lakh
According to an official statement, the investment limit of Rs 7.5 lakh per family in the existing scheme has been enhanced to Rs 15 lakh per senior citizen in the modified Pradhan Mantri Vaya Vandan Yojana (PMVVY) to provide increased social security cov...
Sensex, Nifty Turn Cautious Ahead of US Fed Policy Outcome
The 30-share index, which opened 196.79 points higher, pared most gains and was trading up by 7.63 points, or 0.02 per cent, at 35,167.99. The index had gained 659.09 points in the previous three sessions on the back of widespread gains triggered by encou...
Green Energy Firms to Eye Stock Market Listings
Adani Green Energy and ReNew Power- the two companies will be the first new pure-play renewable energy firms to list in India, since wind energy firm Orient Green Power's listing eight years ago.
HRA Hike Under 7th Pay Commission Impacted CPI by 35 Basis Points: Study
"Even if disbursements have been made, the representation of state government houses in the sample of dwellings may not be adequate to capture the impact," said the research paper titled 'Impact of Increase in House Rent Allowance on CPI Inflation'.
Infosys Bets on Digital Technology, AI to Drive Business
The Bengaluru-based company plans to scale its digital business, which contributed $2.8 billion in fiscal 2017-18, energise its clients' core technology landscape via artificial intelligence (AI) and automation, re-skill its techies and expand its localis...