New Delhi (IANS) The Economic Survey has put the blame of the current banking crisis on the zombie lending following the Global Financial Crisis in 2008. The Economic Survey 2020-21 was presented by the Union Finance Minister Nirmala Sitharaman in Parliament … read more
Mumbai (IANS) Consecutive sessions of FIIs’ selling might have spooked market participants, but analysts cite that most foreign players have remained interested and invested in India’s equity market. Accordingly, the FIIs have net sold over Rs 6,800 crore from the equity … read more
New Delhi (IANS) The government may give a ‘Make in India’ push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage exploration activity and allow Covid-hit oil producers to … read more
New Delhi (IANS) Riding on the stellar performance of iPhone 11 and XR, Apple for the first time doubled its smartphone market share in India to nearly 4 per cent in the festive quarter of 2020, a new report said on … read more
New Delhi (IANS) India’s aviation sector is set to become a major beneficiary of the massive anti-Covid vaccination programme which has re-ignited the confidence of the travellers. Market insiders have cited that the commencement of the inoculation drive has raised travellers’ … read more
Mumbai (IANS) Positive global cues and expectations of healthy quarterly results, along with that of a supportive Union Budget FY22, powered the ascent of India’s barometer index — the S&P BSE Sensex — to cross the 50,000 mark on Thursday. However, … read more
Chennai (IANS) Japan’s multi-product Daicel Corporation will set up an automotive airbag inflator plant near here at an investment of Rs 230 crore. “In the first phase the investment will be Rs.230 crore. The focus will be on the domestic market. … read more
Mumbai (IANS) Lending major HDFC Bank on Saturday reported an 18.1 per cent increase in standalone net profit for the quarter ended December 31 of FY21 on a year-on-year basis. The bank’s net profit for the third quarter of FY21 rose … read more
New Delhi (IANS) The Indian stock market, which has off late been on a bull run, plunged on Friday as traders took to profit booking amid concerns of high valuations. The BSE Sensex, which seemed well on course to reach the … read more
New Delhi (IANS) The government proposes to appoint independent operators of gas pipelines in the country to operationalise the common carrier principle that will allow all consumers and producers access to fuel transport infrastructure. Petroleum Secretary Tarun Kapoor told IANS that … read more