Business
Manufacturers Entangled in Logistical Nightmare as Virus-hit China Limps Back to Work
Nearly half of 109 U.S. companies responding to a poll by Shanghai's American Chamber of Commerce said plant shutdowns have already had an impact on their supply chains, while almost all of the remainder expect an impact within the next month
Indices Rebound as Govt Assures Industry on Coronavirus Scare
Starting off on a strong footing, the BSE barometer gained strength during the session to touch a high of 41,357.16. The index finally settled at 41,323, clocking a gain of 428.62 points or 1.05 per cent.
TV18 Broadcast, Hathway Cable Shares Climb 20% as RIL Consolidates Media Businesses
RIL said on Monday that TV18 Broadcast, Hathway Cable and Den Networks Ltd will merge into Network18 Media and Investments Ltd, which will be an integrated media and distribution company with a revenue of Rs 8,000 crore.
Apple Warns China Virus Will Cut iPhone Production, Sales
The American tech giant says demand for iPhones is down in China because many of Apple's 42 retail stores there are closed or operating with reduced hours.
Market Slips for 3rd Session; Oil and Gas, Financial Stocks Drag
The 30-share BSE Sensex closed lower by 202.05 points, or 0.49 per cent, at 41,055.69; while the broader NSE Nifty was down 67.75 points or 0.56 per cent at 12045.80.
Rajiv Bansal, Senior IAS Officer of Nagaland Cadre, Takes Charge as Air India Chairman
The post of Air India chairman and managing director (CMD) became vacant after incumbent Ashwani Lohani completed his tenure.
Rupee Slips 10 Paise to 71.47 Against US Dollar in Early Trade
Forex traders said strengthening of the US dollar vis-a-vis other currencies overseas kept pressure on the Indian rupee.
Expectations High on 'Mini' Trade Deal During Trump's Visit: India Inc
At the invitation of Prime Minister Modi, Trump is slated to travel to India on February 24 and 25. According to sources, Trump will meet the country's top business leaders here on February 25 in a bid to push for deeper trade and business ties.
Banks Will Have to Pay Price if Any Telco Files for Bankruptcy, Says SBI Chairman
The chief of the country's largest lender State Bank of India (SBI) said it is in the 'wait-and-watch mode' and the onus of ensuring telecom companies' compliance with the Supreme Court order lies with the Department of Telecommunications (DoT) under the...
Rupee Slips 9 Paise to 71.42 Against US Dollar in Early Trade
Government data on Wednesday showed that industrial output contracted by 0.3 per cent in December, while retail inflation jumped to a 68-month high of 7.59 per cent in January on high food prices.
IRCTC to Flag-off Third Private Train Between Varanasi and Indore from February 20
The train named as the 'Kashi Mahakal Express' will also have a night service, the PSU revealed on Wednesday.
Airport-like User Charge to be Levied for Newly Redeveloped Rail Stations: Rly Board Chairman
User Development Fee (UDF) is a part of the taxes that are paid by an air passenger. UDF is charged at various airports and its rate varies based on various factors.
Sebi Readies Organisational Changes Aimed at Rewarding Whistleblowers & Informants
The regulator has suggested a new clause in its norms about Delegation of Statutory and Financial Powers (DoP), which provides for delegation of powers for carrying out regulatory functions of Sebi,
Despite Concerns over Coronavirus, Sensex Rises 237 Points; Nifty Above 12,100
Led by gains in index heavyweights RIL, ICICI Bank and HDFC, the 30-share BSE Sensex settled 236.52 points, or 0.58 per cent, higher at 41,216.14.
Tata Steel Shares Drop 5.5% After Q3 Results: What Should Investors Do?
Though Citi cut Tata Steel’s Ebitda (earnings before interest, tax, depreciation and amortization) forecast for FY20 by 17%, the same was tweaked only marginally for FY21 and FY22.
SAIL, M&M, Tata Steel, ACC, Yes Bank, Britannia Among Key Stocks in Focus Today
Steel Authority of India Ltd (SAIL) shares declined 5% on reports that the government may offload 5% stake in the company via offer for sale, raking in Rs 1,000 crore.