Business
Despite Soaring Gold Import,Lower Crude Narrows CAD to 2% in Q1
In the year-ago period, CAD had printed at 2.3 percent of GDP or USD 15.8 billion.
Michigan University Economist Counters Ex-CEA's Analysis of 'Overestimated GDP' with Social Sector Indicators
The author has analysed investments in three social sectors — malnourishment rate, percentage of population with drinking water and percentage of population with access to electricity for his research.
SoftBank Bet Billions on Disruptive Companies. Many Have Not Paid Off
Through his Japanese conglomerate SoftBank and a $100 billion investment fund, Masayoshi Son plowed huge sums into these and other companies that aim to change how people work, travel and live.
Rupee Reverses Early Losses as Crude Oil Prices Drop Over 1 Percent
India's oil import dependence is more than 80 per cent and any spike in crude oil prices weighs on the rupee due to forex outflows.
Zomato Extends Gold Programme to Food Delivery; NRAI Slams the Move
The NRAI said that extension of Zomato Gold programme to the delivery vertical is a desperate attempt by Zomato to shore up the sinking fortunes of their flagship programme.
Sensex Drops Over 200 Points; ICICI Bank, TCS Top Laggards
The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader Nifty slipped 64.65 points, or 0.60 per cent, to 10,776.
Airbus Forecasts Boom in Jet Demand Led by Asian Industrial Hubs, Warns of 'Lose-lose' Tariff War
Adding fresh anxieties are tensions within aviation itself after the World Trade Organization tentatively approved US sanctions against European products including Airbus jets, in a long-running dispute over aircraft subsidies.
NCLAT Orders Review of McDonald's-Vikram Bakshi Settlement over Violation of Debt Recovery Tribunal Order
A two-member NCLAT bench headed by Chairperson Justice SJ Mukhopadhaya also asked Bakshi not to leave the country without its permission.
Sensex Rises 83 Points as Energy, Metal Stocks Climb, Rupee Recovers
Top gainers in the Sensex pack included Tata Steel, Vedanta, SBI, Tech Mahindra, Bajaj Finance, Asian Paints, M&M, NTPC and PowerGrid, rising up to 3.95 per cent.
India to Invite Bids from Global Coal Miners Before End of 2019: Source
Coal imports are surging after the government failed to open the industry to competition, despite having passed a liberalization policy 19 months ago.
Sensex Rebound Over 200 Points; Energy Stocks Jump as Oil Prices Cool Off
The 30-share index was trading 186.94 points, or 0.51 per cent, higher at 36,668.03 at 0930 hours, while the broader Nifty rose 43.15 points, or 0.40 per cent, to 10,860.75.
Indian Companies Must Follow Global Standards of Governance to Reshape Economic Order: Kumar Mangalam Birla
Birla said that with changing times the core business philosophy is rapidly moving away from shareholder capitalism to stake holder capitalism which includes investors, customers, employees and value chain partners.
Air India Assets Holdings' Maiden Bond Issue Fully Subscribed; Raises Rs 7,000 Crore
As part of efforts to clean up the balance sheet of Air India, which has a debt burden of more than Rs 58,000 crore, little over half of the amount is to be repaid by way of proceeds from the issuance of bonds by AIAHL.
August Wholesale Inflation Remains Unchanged from July at 1.08%, Reinforces Rate Cut Expectation by RBI
Wholesale food prices in August rose 5.75% year-on-year, compared with a 4.54% rise a month earlier.
Six of 10 Most Valued Firms Add Rs 50,580 Crore in m-cap; SBI, ICICI Bank Lead
While RIL, HDFC Bank, HDFC and Kotak Mahindra Bank were the other winners, Tata Consultancy Services Ltd (TCS), HUL, Infosys and ITC suffered losses in their market capitalisation (m-cap) for the week ended Friday.
More Trouble for Budweiser Maker as Delhi Police Probes Tax Evasion Case After Govt's 3-year Ban on its Beer
Local authorities barred AB InBev, the world's largest brewer, in July from selling its beer in the high profile New Delhi market for evading taxes. The company has denied the allegations and appealed the order.