Markets rebound on positive global cues

Markets rebound on positive global cues

Saturday, 08 December 2018 | PTI | mumbai

Benchmark indices broke their three-day falling streak on Friday driven by upbeat global cues, recovering rupee and a surge in Kotak Bank shares on reports that Berkshire Hathaway may pick up a stake in the lender. The BSE Sensex rallied 361.12 points, or 1.02 per cent, to close at 35,673.25. Similarly, the...

Mercedes tops vehicle sales satisfaction for luxury brands in India, says study

Friday, 07 December 2018 | PTI | New Delhi

German carmaker Mercedes-Benz has topped sales satisfaction in the luxury vehicles segment followed by rival BMW in India, according to a study by global market research firm JD Power. According to the J D Power 2018 India sales satisfaction index (luxury) study, Mercedes-Benz with a score of 903 ranks highest followed...

Jet Airways seeks $350 mn soft loan from Etihad

Friday, 07 December 2018 | PTI | Mumbai

Cash crunched Jet Airways has sought a soft financing of $350 million from its investment partner Etihad Airways, as it continues to hold discussions with the latter to offload additional stake in the carrier, an airline source said Thursday. The Abu Dhabi-based Etihad had come to the rescue of the Naresh...

NHPC to acquire 500 MW Lanco Teesta project for Rs 900 cr

Friday, 07 December 2018 | PTI | New Delhi

State-owned NHPC has bagged debt-laden Lanco’s 500 MW Teesta hydro power project under insolvency proceedings for a tentative value of Rs 900 crore, a senior official said. NHPC is expected to complete the takeover in the next three to four months and can finish the project in three to four years...

CAIT urges FM to extend last date for GST filing to March 2019

Friday, 07 December 2018 | PTI | Mumbai

The Confederation of All India Traders (CAIT) on Thursday said it has urged finance minister Arun Jaitley to extend the last date for filing annual goods and services tax (GST) return from December 31, 2018 to March 31,2019. In its communication to the finance minister, CAIT said that the format of...

OPEC looks for ways to reduce oil production to support falling price

Friday, 07 December 2018 | AP | Vienna

OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and key ally Russia would agree to cut production by at least 1 million barrels per day. Crude prices have been falling since October because major producers — including the...

5G expected in India by 2022: Trai Secy

Friday, 07 December 2018 | PTI | New Delhi

The telecom sector will move to 5G by 2022 and access to digital platform will become highly advanced in the next five years, Trai Secretary SK Gupta said on Thursday. He also said the use of artificial intelligence and big data analytics was going to modify the behaviour of consumers. Gupta...

Fitch slashes India growth forecast to 7.2 per cent

Friday, 07 December 2018 | PTI | New Delhi

Fitch Ratings on Thursday slashed India’s GDP growth forecast to 7.2% for current fiscal, from 7.8% projected in September, citing higher financing cost and reduced credit availability. In its Global Economic Outlook released on Thursday, Fitch estimated India’s GDP growth to be 7% and 7.1% in financial years 2019-20 and...

Sunday Edition

Full support to UP police: Gen Rawat

09 December 2018 | PTI | Sunday Pioneer

Will win at least 140 seats in MP: BJP

09 December 2018 | PNS | Sunday Pioneer

Indian Navy ship seizes arms, ammunition off Somali coast

09 December 2018 | PTI | Sunday Pioneer

New Delhi:

09 December 2018 | PTI | Sunday Pioneer

Yogi trying to derail probe in Bulandshahr violence: Congress

09 December 2018 | PTI | Sunday Pioneer