Sensex snaps 8-day winning run on profit-booking

Sensex snaps 8-day winning run on profit-booking

Saturday, 23 March 2019 | PTI | mumbai

Snapping its eight-day winning streak, the BSE benchmark Sensex tumbled over 222 points on Friday as investors scrambled to book profits after the recent rally while ratings agency Fitch slashed India’s growth forecast. Lacklustre global cues and a depreciating rupee also weighed on the markets, analysts said. The 30-share index opened on...

Fitch cuts India GDP growth forecast for FY20 to 6.8 pc

Fitch cuts India GDP growth forecast for FY20 to 6.8 pc

Friday, 22 March 2019 | PTI | New Delhi

Fitch Ratings Friday cut India's economic growth forecast for the next financial year starting April 1, to 6.8 per cent from its previous estimate of 7 per cent, on weaker than expected momentum in the economy. "While we have cut our growth forecasts for the next fiscal year (FY20, ending in...

Govt may give Jet Airways’ slots to other airlines

Govt may give Jet Airways’ slots to other airlines

Thursday, 21 March 2019 | PTI | New Delhi

The Government plans to provide unused airport slots of Jet Airways to other domestic airlines on an interim basis, a senior official said Wednesday, amid efforts to minimise flight disruptions. Cash-strapped Jet Airways, which is looking to raise fresh funds, has grounded at least 47 planes due to non-payment of lease...

Sensex rises for 8th session, ends marginally higher

Thursday, 21 March 2019 | PTI | Mumbai

Continuing its upward journey for the eighth consecutive session, market benchmark BSE Sensex ended marginally higher on Wednesday, following gains in Infosys, HDFC twins and L&T amid uninterrupted capital inflows by foreign funds. Gains were, however, capped tracking Asian shares that slipped from six-month highs after a lackluster session as investors...

Over 80% Indian engineers unemployable, lack new-age skills: Report

Thursday, 21 March 2019 | PTI | New Delhi

The employability of Indian engineers continues to be low as over 80 per cent of them are unemployable for any job in the knowledge economy, says a report. According to a report by employability assessment company Aspiring Minds, only 3.84 per cent of engineers in the country have the technical, cognitive...

India loses 7 spots in global list of happiest nations, ranks 140th

Thursday, 21 March 2019 | PTI | United Nations

Indians are not as happy in 2019 as they were in 2018 and the country figures at 140th place, seven spots down from last year, on this year’s UN World Happiness Report released Wednesday which is topped by Finland for the second year in a row. The report was released by...

BMW plans massive cost cuts to keep profits above water

Thursday, 21 March 2019 | AFP | Munich

German high-end carmaker BMW warned on Wednesday it expects pre-tax profits “well below” 2018 levels this year as it announced a massive cost-cutting scheme aimed at saving 12 billion euros ($13.6 billion) in total by 2022. A spokesman said that “well below” could indicate a tumble of more than 10 per...

Sebi asks exchanges dealing in agri-commodity derivatives to create fund for farmers, FPOs

Thursday, 21 March 2019 | PTI | New Delhi

Sebi on Wednesday asked the exchanges dealing with agri-commodity derivatives to create a fund for farmers and FPOs in which the regulatory fee forgone by the regulator would be deposited. Besides, it has issued framework including action plan and guiding principles for the utilisation of fund. In September last year, the regulator...

Sunday Edition

Links Hanuman to Dalits

14 April 2019 | PTI | Sunday Pioneer

Prashant Kishor rubbishes Rabri's merger bid claim

14 April 2019 | PTI | Sunday Pioneer

513 ceasefire violations by Pak post Balakot strike: Army

14 April 2019 | PTI | Sunday Pioneer

Sadiq Batcha’s wife wants his death re-probed

14 April 2019 | Kumar Chellappan | Sunday Pioneer

TN: EC seizes over `552 crore unaccounted cash, jewellery

14 April 2019 | PTI | Sunday Pioneer