MUMBAI: Equity benchmark Sensex jumped over 200 points in early trade on Thursday tracking gains in financial stocks amid positive cues from global markets. After touching a high of 36,541.53 in…
Category: Business
’58 Indian-origin executives employ over 3.6 mln globally, account for $1 trillion in revenue’
WASHINGTON: A group of 58 Indian-origin executives heading companies across 11 countries, including the US, Canada and Singapore, collectively employ more than 3.6 million people and account for a combined USD…
Yes Bank to raise up to Rs 15,000 crore through FPO; offer to open on Jul 15
NEW DELHI: Private sector lender Yes Bank on Thursday said it has filed a red herring prospectus to raise up to Rs 15,000 crore through issuance of fresh equity shares in…
Rupee slips 5 paise to 74.98 against US dollar in early trade
MUMBAI: The rupee depreciated 5 paise to 74.98 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strengthening American currency. Forex traders said steady crude oil…
SBI cuts MCLR by 5-10 bps for shorter tenors
MUMBAI: The country’s largest lender State Bank of India (SBI) on Wednesday said it has reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points (bps) for…
Asia markets slip as virus outbreaks mute hopes for rebound
TOKYO: Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite…
Suzlon loss widens to Rs 834.22 cr in March quarter
NEW DELHI: Wind turbine maker Suzlon Energy has posted a consolidated net loss of Rs 834.22 crore for the March quarter mainly due to lower revenues and high finance cost. The…
India ranks 34th in JLL’s Global Realty Transparency Index
NEW DELHI: India’s Global Real Estate Transparency Index ranking has improved by one notch to 34 on the back of regulatory reforms, better market data, and green initiatives, according to…
Samsung projects 23% jump in 2Q profit on strong chip sales
SEOUL: Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used…
Virus-hammered Air France announces 7,500 job cuts
PARIS: Air France and regional subsidiary Hop announced 7,500 job cuts Friday after the virus pandemic grounded most flights and darkened prospects for future air travel. Activists from multiple unions protested…
S Africa halts scrap metal exports as industry hit by coronavirus pandemic
JOHANNESBURG: South Africa has prohibited new exports of ferrous and non-ferrous waste as it seeks measures to support the metals industry which has been severely hit by the COVID-19 pandemic,…
Three Indian cos express interest in Mumbai monorail projects
MUMBAI: As many as three Indian companies have shown interest in manufacturing rakes for the monorail projects, weeks after town planning authority MMRDA scrapped the bids by two Chinese firms.…
Reliance launches unlimited free conferencing app JioMeet as competition to Zoom
NEW DELHI: After raising billions of dollars from the likes of Facebook and Intel for its digital business, billionaire Mukesh Ambani’s Reliance Industries has launched the JioMeet video conferencing app…
Bombardier Transport India bags contract for supply of train-sets for Kanpur, Agra Metro projects
LUCKNOW: Bombardier Transport India has bagged a contract for the supply of 67 trains of three cars each for Kanpur and Agra Metro projects, according to an official statement. The Uttar…
Covid-19 forcing more Indians to buy online; e-commerce stores to cut discounts
NEW DELHI: Even after a month of lifting COVID-related restrictions on offline stores and malls, two-fifth of India’s consumers still prefer ordering goods online, whether essential or non-essential, to ensure…
Rupee jumps 44 paise to 74.60 against US dollar in early trade
MUMBAI: The rupee appreciated 44 paise to 74.60 against the US dollar in early trade on Friday tracking weakness in the greenback and gains in the domestic equity market amid optimism…
Intel Capital to buy 0.39 pc stake in Jio Platforms for Rs 1,894 cr
NEW DELHI: Electronic chip maker Intel’s investment arm, Intel Capital, will buy 0.39 per cent stake in billionaire Mukesh Ambani’s digital unit, Jio Platforms, for Rs 1,894.50 crore, the company said…
Sensex rallies over 300 pts in early trade; Nifty tops 10,500
MUMBAI: Market benchmark Sensex surged over 300 points in early trade on Thursday tracking advances in global equities as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted…