New Delhi (IANS) As equity and equity-linked mutual funds witnessed outflow of funds for the seventh consecutive month in January, domestic mutual funds trimmed positions in Nifty heavyweights including Reliance Industries (RIL), Infosys and Bharti Airtel, showed an Edelweiss report. It … read more
Mumbai (IANS) The Indian stock market declined on Thursday with profit booking continuing for the third consecutive session. Finance, auto and banking sectors witnessed heavy selling pressure during the day. “Global cues continue to be weak on concerns over rising inflation … read more
New Delhi (IANS) Even as it maintains a cautiously optimistic stance on sales growth in India, automobile major Hyundai is committed to the planned investment target in the country. Nearing its silver jubilee in India, the company foresees better days ahead … read more
New Delhi (IANS) India’s January merchandise exports rose over 6.16 per cent on a year-on-year basis, official data showed on Tuesday. The country’s merchandise exports during the month under review grew to $27.45 billion from $25.85 billion in January 2020. “Non-petroleum … read more
New Delhi (IANS) A speedy economic recovery is underway on the back of higher job creation, strong stock market, healthy GST collections and elevated manufacturing PMI levels in January, said industry body PHD Chamber of Commerce and Industry. Accordingly, 9 out … read more
New Delhi (IANS) A US aircraft manufacturer coined the term KISS — Keep It Simple Stupid — as it churned out bombers by the dozens at the height of the Second World War. An Indian company in the 1940s adopted the … read more
New Delhi (IANS) To give more pricing flexibility to the airlines, the Centre has expanded the airfare cap, sources said on Thursday. Accordingly, the lower fare band has been increased by 10 per cent, while the upper cap has been raised … read more
Mumbai (IANS) The Indian security markets regulator’s bar on Future Retail CEO Kishore Biyani will not impact the proposed deal to sell Future Group’s retail, wholesale, logistics and warehouse businesses to Reliance Retail. The SEBI order said that during the period … read more
New Delhi (IANS) The Budget for 2021-22 extensively and comprehensively envisages several initiatives and areas of focus, aimed at enhancing India’s overall competitiveness and manufacturing capacities, which would enable growth, diversification and technological enhancement of India’s exports, Commerce Secretary Anup Wadhawan … read more
New Delhi (IANS) India’s January merchandise exports rose over 5.37 per cent on a year-on-year basis, preliminary data showed on Tuesday. Accordingly, the country’s merchandise exports during the month under review grew to $27.24 billion from $25.85 billion in January 2020. … read more