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Key Indian equity indices open in green

Thursday, 21 Jun 2018 | IANS | Mumbai

Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher. The Sensitive Index (Sensex) of the BSE, which had closed at 35,547.33 points on Wednesday, opened higher at 35,644.05 points. Minutes into trading, it was quoting at 35,631.42 points, up by 84.09 points, or 0.24 per...

Uber India Systems sees profit grow marginally to Rs 19 cr in FY17

Wednesday, 20 Jun 2018 | PTI | New Delhi

Uber India Systems, a part of US-based cab aggregator, has seen its profit grow marginally to Rs 19.01 crore in financial year 2016-17, as per regulatory documents. The company had registered a profit of Rs 18.71 crore in 2015-16 fiscal, Uber India Systems said in documents filed with the Registrar of...

AIIB ready to pump in $1.9 b more into the country

Wednesday, 20 Jun 2018 | PTI | Mumbai

Ahead of the annual meeting of its board of governors here next week, a senior official from the Asian Infrastructure Investment Bank (AIIB) today said it will pump USD 1.9 billion into various Indian projects. The country, the second largest shareholder in the Beijing-headquartered lender, is already the largest borrower accounting...

OYO hotels announces its foray into China

Wednesday, 20 Jun 2018 | IANS | Gurugram

OYO Hotels on Wednesday announced its foray into China with a strong focus on strengthening its hotel chain there, a company spokesperson said. "With this launch, OYO Hotels is all set to substantiate its leadership in the market while working towards its mission of bringing great living spaces in...

Bosch plans to invest Rs 1,700 cr in India in next 3 ys

Wednesday, 20 Jun 2018 | PTI | Bengaluru

The Bosch Group today announced its plans to invest Rs 1,700 crore in the nextthree years in India, that continues to offer promising opportunities for its business and broad product range. "Looking ahead, I am happy to announce that over the coming three years, we plan to invest an additional Rs...

Bank Of Maharashtra CMD arrested in Rs 3,000 cr fake loans case

Wednesday, 20 Jun 2018 | IANS | Pune

In a sudden development, the Economic Offences Wing (EOW) here arrested Ravindra P. Marathe, the Chairman and Managing Director of Bank of Maharashtra, in a case of Rs 3,000 crore fraudulent loans extended to Pune's DSK Group, an official said here on Wednesday. The EOW has also arrested the bank's...

Markets open on a higher note on Wednesday

Wednesday, 20 Jun 2018 | IANS | Mumbai

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade. The Sensex of the BSE after opening at 35, 329.61 points and touched a high of 35,417.15 points and a low of 35,329.51 points. On Tuesday, the Sensex closed at 35,286.74 points. The Sensex...

RBI revises upwards housing loan limits under priority sector

Tuesday, 19 Jun 2018 | PTI | Mumbai

Housing loans of up to Rs 35 lakh, for dwellings costing less than Rs 45 lakh, will be treated as priority sector lending (PSL) to give a fillip to the low-cost segment, the Reserve Bank said today. PSL loans are relatively cheaper than market interest rate. "With a view to bringing convergence...

Deposits in PSU banks 100% safe and secure, says Finance Minister

Tuesday, 19 Jun 2018 | PTI | New Delhi

Public money in state-owned banks is 100 per cent safe and secure, Finance Minister Piyush Goyal said today against the backdrop of several cases of fraud, including the USD 2 billion scam at PNB unearthed recently. Speaking to the media after meeting heads of public sector banks (PSBs), he also said...

Infosys sets up digital centre of excellence in Marseille

Tuesday, 19 Jun 2018 | PTI | New Delhi

India's second largest software services company Infosys today said it has set up a Digital Centre of Excellence in Marseille to strengthen its footprint in France. With an initial capacity of 60 employees, the centre aims to attract and train talent in new digital technologies to meet increasing demand from clients,...


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‚ÄėAssault‚Äô on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

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UTC to use 180 buses to ferry Yoga participants

21 Jun 2018 | PNS | Dehradun

Uttarakhand Transport Corporation (UTC) would use 180 buses of its fleet on Dehradun and Haridwar routes to ferry the Yoga participants from Haridwar and also to take them back after the International Yoga Day show at Forest Research Institute (FRI) in Dehradun is over. Divisional manager (Operational) UTC Dehradun, Pawan Mehra while talking to The pioneer said on Wednesday that around 280 busses operate from Dehradun depot...

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