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Headline
India Inc rolls out red carpet for Bezos, BJP wants good stuff about India in WaPo
New Delhi, Jan 17 (IANS) After the Narendra Modi government cold-shouldered Amazon boss Jeff Bezos, the richest man in the world, India Inc rolled out the red carpet for him in the country's financial capital.
2020-01-17
Category: India, Delhi,Business/Economy,Media,Politics
India's forex reserves inch up by $58 mn
Mumbai, Jan 17 (IANS) India's foreign exchange reserves inched up during the week ended January 10. However, the marginal accretion in reserves pushed it to touch a new record high.
2020-01-17
Category: India, Maharashtra,Business/Economy
Record wheat production expected, acreage over 330 lakh hectares
New Delhi, Jan 17 (IANS) Wheat production in the country is expected to touch new heights as the acreage of wheat sowing has gone beyond 330 lakh hectares this Rabi season, coupled with favourable weather conditions.
2020-01-17
Category: India, Delhi,Business/Economy
RIL's Q3 net profit rises to Rs 11,640 crore (Roundup)
New Delhi, Jan 17 (IANS) Reliance Industries Ltd on Friday reported its highest-ever quarterly consolidated net profit of Rs 11,640 crore or $1.6 billion for the quarter ended December 31, 2019, rising by 13.5 per cent on a year-on-year basis.
2020-01-17
Category: India, Delhi,Business/Economy
Bhushan Steel: Court takes cognizance of ED's charge sheet
New Delhi, Jan 17 (IANS) The Enforcement Directorate on Friday filed a charge sheet in the money laundering case involving Bhushan Power and Steel Ltd CMD Sanjay Singal relating to an alleged bank loan fraud.
2020-01-17
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
TCS Q3 net profit flat at Rs 8,118 crore (2nd Lead)
Mumbai, Jan 17 (IANS) Global software major Tata Consultancy Services (TCS) on Friday reported a consolidated net profit of Rs 8,118 crore for the third quarter of fiscal 2019-20, registering a mere 0.16 per cent annual growth from Rs 8,105 crore net profit clocked in the same quarter of last year.
2020-01-17
Category: India, Maharashtra,Business/Economy,Technology
India Inc rolls out the red carpet for Bezos even as Modi govt shuns him
New Delhi, Jan 17 (IANS) After the Narendra Modi-led Central government cold-shouldered Amazon boss Jeff Bezos, the richest man in the world, India Inc rolled out the red carpet for him in the country's financial capital.
2020-01-17
Category: India, Delhi,Business/Economy
Goyal wlcomes 'all kinds of investments under ambit of law'
Mumbai, Jan 17 (IANS) A day after belittling Amazon's billion dollar investment, Commerce Minister Piyush Goyal on Friday clarified that government welcomes all kinds of investments into the country which are within the ambit of the law.
2020-01-17
Category: India, Maharashtra,Business/Economy,Politics,Technology
AAI to prefer JV route with states for building new airports
New Delhi, Jan 17 (IANS) Finding it a low-risk model with the states concerned committing to bear the maintenance cost for the first 10 years, the Airports Authority of India (AAI) has decided to take JV (joint venture) route for greenfield airports.
2020-01-17
Category: India, Delhi,Business/Economy
Sensex, Nifty end flat; Vodafone ends 26% lower
Mumbai, Jan 17 (IANS) The Sensex and Nifty closed with minor gains on Friday after the SC dismissed the review petitions of telcos on its Adjusted Gross Revenue (AGR) verdict.
2020-01-17
Category: India, Maharashtra,Business/Economy
FICCI ex-chief Suri lauded for enhancing Indo-Japan links
New Delhi, Jan 17 (IANS) Bharat Hotels Ltd head and former FICCI President Jyotsna Suri, who was recently conferred Japan's high honour of the Order of the Rising Sun, Gold and Silver Star, was felicitated here on Friday for boosting bilateral relations.
2020-01-17
Category: India, Delhi,Business/Economy,Diplomacy,Lifestyle/Fashion
Work to resume soon for airport in Goa: GGIAL
New Delhi, Jan 16 (IANS) GMR Goa International Airport (GGIAL) said on Thursday that it will soon resume work for the new airport in Goa after the Supreme Court in a judgment lifted the suspension on environment clearance on the project.
2020-01-16
Category: India, Delhi,Business/Economy
Goyal asks if Amazon's huge losses stem from predatory pricing
New Delhi, Jan 16 (IANS) Commerce and Industry Minister Piyush Goyal not only ticked off Amazon and its boss Jeff Bezos saying that they are not doing India a favour by investing a billion dollars, but also raised concerns if its losses were a result of predatory pricing and if Amazon and Flipkart were gaining entry into multi-brand retail by using loopholes.
2020-01-16
Category: India, Delhi,Business/Economy,Politics
Airtel, VIL plan curative plea after AGR suit dismissal (3rd lead)
New Delhi, Jan 16 (IANS) After the Supreme Court on Thursday rejected the telcos' plea to review its 24 October adjusted gross revenue (AGR) ruling, under which they have to pay nearly Rs 1.02 lakh crore as statutory payment to the government by January 23, Airtel and Vodafone Idea (VIL) said they could file curative petitions.
2020-01-16
Category: India, Delhi,National,Business/Economy,Immigration/Law/Rights
India treats all trade partners equally, says Goyal
New Delhi, Jan 16 (IANS) Commerce Minister Piyush Goyal on Thursday said that India believes in fair trade practices and equal treatment to all and that the country is not contemplating any curbs on imports from either Malaysia or Turkey.
2020-01-16
Category: India, Delhi,Business/Economy,Diplomacy
NIC widens e-counselling services, sets up transport database
New Delhi, Jan 16 (IANS) In a big e-governance move, the National Informatics Centre, under the IT Ministry, has partnered with over 35 examinations and counselling bodies like the NTA, the CBSE, the AICTE, and the UGC in facilitating central and state level examinations like the UGC/CSIR-NET, JEE, NEET among others.
2020-01-16
Category: India, Delhi,Business/Economy,Education,Technology
7 countries launch Eastern Mediterranean Gas Forum in Egypt
Cairo, Jan 16 (IANS) Seven countries on Thursday adopted an institutional framework to create the Eastern Mediterranean Gas Forum to be based here, a media report said.
2020-01-16
Category: International, Egypt,Business/Economy,Politics
India practices equal treatment for all trade partners: Goyal
New Delhi, Jan 16 (IANS) Commerce Minister Piyush Goyal on Thursday said that India believes in fair trade practices and equal treatment to all and that the country is not contemplating any curbs on imports from either Malaysia or Turkey.
2020-01-16
Category: India, Delhi,Business/Economy,Diplomacy
Edelweiss Financial suffers on bourses over ED's inquiry
Mumbai, Jan 16 (IANS) Edelweiss Financial Services stock price closed 5 per cent lower on Thursday, a day after Edelweiss Chairman and Chief Executive Officer Rashesh Shah appeared before officials of the Enforcement Directorate.
2020-01-16
Category: India, Maharashtra,Business/Economy
SC ruling will aggravate stress in telecom sector: COAI
New Delhi, Jan 16 (IANS) Ahead of the January 23 deadline to pay their adjusted gross revenue (AGR) dues, Bharti Airtel, Vodafone Idea and Tata Teleservices on Thursday received a second blow from the Supreme Court within three months after the court rejected their plea to review its AGR ruling under which telcos have been asked to pay nearly Rs 1.02 lakh crore as statutory payment to the government.
2020-01-16
Category: India, Delhi,Business/Economy
Amazon's investment not doing India a great favour: Goyal
New Delhi, Jan 16 (IANS) Union Commerce Minister Piyush Goyal said on Thursday that e-commerce firm Amazon was not doing "India a great favour" by investing $1 billion in the country.
2020-01-16
Category: India, Delhi,Business/Economy
Reliance Jio now largest telco in India: TRAI
New Delhi, Jan 16 (IANS) Reliance Jio has become the largest telecom operator in India, adding 5.6 million mobile subscribers in November to take its total to 369.93 million and holding a 32.04 per cent share in the Indian mobile services market.
2020-01-16
Category: India, Delhi,Business/Economy
No case of locust attack in Punjab: State Agriculture Dept
Chandigarh, Jan 16 (IANS) The Punjab Agriculture Department on Thursday said that no case of locust attacks had been reported in the state so far as per its survey.
2020-01-16
Category: India, Punjab,National,Business/Economy
Airtel considers filing curative petition on AGR
New Delhi, Jan 16 (IANS) Moments after the Supreme Court on Thursday dismissed review petitions by telcos challenging its verdict in the Adjusted Gross Revenue (AGR) case, Bharti Airtel said it is considering filing a curative petition in the matter.
2020-01-16
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
SC dismisses telcos' pleas seeking review of its AGR verdict
New Delhi, Jan 16 (IANS) In a big blow to the telecom companies, the Supreme Court on Thursday dismissed the review petitions challenging its verdict in the Adjusted Gross Revenue (AGR) case.
2020-01-16
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
SC dismisses telcos' pleas seeking review of its AGR verdict
New Delhi, Jan 16 (IANS) In a big blow to the telecom companies, the Supreme Court on Thursday dismissed the review petitions challenging its verdict in the Adjusted Gross Revenue (AGR) case.
2020-01-16
Category: India, Delhi,Business/Economy,Immigration/Law/Rights
Sensex ends shy of 42,000, mid, small caps gains
Mumbai, Jan 16 (IANS) Mid and small cap stocks led the gains on Wednesday while most Nifty50 stocks ended in the red. The Sensex settled marginally lower from 42,000, which the benchmark surpassed earlier in the day.
2020-01-16
Category: India, Maharashtra,Business/Economy
CBI files case against Adani Ent. Ltd, NCCF officials
New Delhi, Jan 16 (IANS) In trouble brewing for the Gautam Adani-led M/S Adani Enterprises, the Central Bureau of Investigation on Thursday said it has registered a case against former officials of the National Co-operative Consumer Federation (NCCF) and others over alleged irregularities in supply of coal to the Andhra Pradesh Power Generation Corporation (APGENCO) in 2010.
2020-01-16
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
India looks to double oil import from US, would seek concessions
New Delhi, Jan 16 (IANS) India plans to more than double its oil imports from the United States next year and would negotiate concessional terms for oil supplies during the expected visit of US President Donald Trump next month.
2020-01-16
Category: India, Delhi,Business/Economy,Diplomacy
Sensex tops 42,000 for the first time
Mumbai, Jan 16 (IANS) India's benchmark equity index, Sensex, on Thursday touched a record high of 42,000. This came after the US and China signed the first phase of the trade deal.
2020-01-16
Category: India, Maharashtra,Business/Economy
Petrol, diesel prices cut after slump in crude rates
New Delhi, Jan 16 (IANS) After no change on Wednesday, the fuel prices dropped on Thursday as the price of petrol was cut by 15 paise and that of diesel by 14 paise across all major cities in the country.
2020-01-16
Category: India, Delhi,Business/Economy
Slowdown Pangs: India's Dec exports fall, imports down 8.83% (Roundup)
New Delhi, Jan 15 (IANS) The sluggish global economy, along with the domestic slowdown, dented India's external trade as both exports and imports showed a downtrend in December.
2020-01-15
Category: India, Delhi,Business/Economy
'Capital Adequacy Ratio' above regulatory norms: Yes Bank
Mumbai, Jan 15 (IANS) Private lender Yes Bank on Wednesday reassured customers that its overall 'Capital Adequacy Ratio' is above regulatory requirements and that its operations are stable.
2020-01-15
Category: India, Maharashtra,Business/Economy
RIIL's Q3 consolidated net profit up 12.6%
Mumbai, Jan 15 (IANS) Reliance Industrial Infrastructure Ltd (RIIL) on Wednesday reported a rise of 12.6 per cent in its consolidated net profit for the third quarter (Q3) of financial year 2019-20.
2020-01-15
Category: India, Maharashtra,Business/Economy
Anti-trust probe ordered against Asian Paints
New Delhi, Jan 15 (IANS) The Competition Commission of India (CCI) has ordered an anti-trust probe against Asian Paints for allegedly creating hurdles for JSW Paints' market access.
2020-01-15
Category: India, Delhi,Business/Economy
Did Washington Post's editorial stand cost Jeff Bezos a meeting with PM?
New Delhi, Jan 15 (IANS) In what appears to be a sensational turn of events, Prime Minister Narendra Modi seems to have given a cold shoulder to the world's richest man -- Jeff Bezos, with an estimated net worth of $115 billion, by not meeting him.
2020-01-15
Category: India, Delhi,Business/Economy,Politics
Bezos' Day Out: Roaring welcome, $1 bn investment, traders' protest
New Delhi, Jan 15 (IANS) The much-hyped visit of Amazon CEO Jeff Bezos was eventful on Wednesday with the CEO getting a roaring welcome from his colleagues and MSME players present at the auditorium in Jawaharlal Nehru Stadium, followed by his announcement of $1 billion investment in small and medium businesses in India.
2020-01-15
Category: India, Delhi,Business/Economy
Sensex, Nifty end flat; Wipro ends 3.50% lower
Mumbai, Jan 15 (IANS) The benchmark index, Sensex, closed 80 points lower on Wednesday as global investors turned cautious after US said that tariff on China would continue till the US Presidential elections were over.
2020-01-15
Category: India, Maharashtra,Business/Economy
Airtel raises funds to meet AGR dues
New Delhi, Jan 15 (IANS) To meet the AGR dues of Rs 35,500 crore by January 23, Bharti Airtel on Friday came closer to arrange the funds as it announced allotment of Rs 32.35 crore equity shares to eligible buyers at an issue price of Rs 445 apiece as part of $2 billion qualified institutional placement.
2020-01-15
Category: India, Delhi,Business/Economy
Odisha announces special package for migrant workers
Bhubaneswar, Jan 15 (IANS) Odisha Chief Minister Naveen Patnaik on Wednesday announced a special package to help migrant workers earn a better livelihood in four migration-prone districts.
2020-01-15
Category: India, Orissa,National,Business/Economy
Bezos' prediction about India rests squarely on us: Murthy
New Delhi, Jan 15 (IANS) Praising Amazon CEO Jeff Bezos for his comment that 21st century will be Indias century, software major Infosys founder Narayana Murthy on Wednesday said the responsibility of making that prediction come true rests squarely on our shoulders.
2020-01-15
Category: India, Delhi,Business/Economy,Technology
21st to be an Indian century: Bezos
New Delhi, Jan 15 (IANS) Making major investment announcements for small and medium businesses (SMB), Amazon CEO Jeff Bezos on Wednesday said that the 21st century will be the century of India.
2020-01-15
Category: India, Delhi,Business/Economy,Technology
Amazon's Bezos arrives in India, pays homage to the Mahatma
New Delhi, Jan 14 (IANS) E-commerce major Amazon's global CEO Jeff Bezos, who is visiting India, paid homage to Father of the Nation Mahatma Gandhi at Raj Ghat on Tuesday.
2020-01-14
Category: India, Delhi,Business/Economy
Commerce Minister Goyal not to meet Amazon's Bezos
New Delhi, Jan 14 (IANS) Commerce Minister Piyush Goyal is unlikely to meet e-commerce major Amazon's global CEO Jeff Bezos, who is visiting India.
2020-01-14
Category: India, Delhi,Business/Economy
CAIT to protest on Wednesday against Bezos visit
New Delhi, Jan 14 (IANS) Amid the much-hyped visit of Amazon CEO Jeff Bezos to India, traders across 300 cities in the country would stage protests against his arrival under the aegis of the Confederation of All India Traders (CAIT) on Wednesday.
2020-01-14
Category: India, Delhi,Business/Economy,Politics
Wipro's local US employee base at 70 per cent
Bengaluru, Jan 14 (IANS) Global software major Wipro on Tuesday said its local employee base in the United States has hit 70 per cent.
2020-01-14
Category: India, Karnataka,Business/Economy,Technology
India's Dec wholesale inflation skyrockets to 2.59% (Roundup)
New Delhi, Jan 14 (IANS) An unfavourable base effect, along with higher prices of food items and those of primary articles, accelerated India's annual rate of inflation based on wholesale prices to a 7-month high of 2.59 per cent in December from 0.58 per cent in November.
2020-01-14
Category: India, Delhi,Business/Economy
India 2nd highest contributor for IBM patents in 2019
New Delhi, Jan 14 (IANS) With over 900 patents, India became the second largest contributor in the world to help IBM achieve a milestone of most patents ever awarded to a US company, the company announced on Tuesday.
2020-01-14
Category: India, Delhi,Business/Economy,Technology
Market closes at record levels, ignoring high inflation
Mumbai, Jan 14 (IANS) The benchmark Sensex on Tuesday closed at an all-time high of 41,952 as the US and China were scheduled to sign a partial trade deal later this week.
2020-01-14
Category: India, Maharashtra,Business/Economy
Budget may offer flat tax rate sans exemptions to individuals also
New Delhi, Jan 14 (IANS) The government is considering a proposal to extend further incentives to salaried taxpayers in the upcoming budget. The Finance Ministry may allow individual taxpayers to pay a lower flat rate of tax if they forego all exemptions.
2020-01-14
Category: India, Delhi,Business/Economy