Asian markets rally after China, US reach partial trade deal
Asian investors on Monday cheered a partial trade deal between China and the United States, sending regional markets rallying, though observers were sceptical about the overall significance of the agreement. Dealers took their lead from a strong performance on Wall Street after top-level negotiators ended two days of talks saying US...
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Indian equities finish higher, join Asian markets in trade deal rally
15 October 2019 | PTI -
Rupee drops 21 paise to 3-week low on fading US-China deal optimism
15 October 2019 | PTI -
IRCTC zooms on market debut, to develop budget hotels
15 October 2019 | PTI -
For third time, RBI hikes withdrawals to Rs 40K at PMC Bank
15 October 2019 | PTI -
Wholesale inflation eases to over 3-year low in Sep on cheaper fuel, food items
15 October 2019 | PTI -
RBI imposes Rs 1 cr fine on LVB, Rs 75 lakh on Syndicate Bank for violating norms
14 October 2019 | PTI -
PMC Bank scam:Police custody of 3 accused extended till Oct 16
14 October 2019 | PTI
IRCTC makes blockbuster debut; zooms over 101 pc in debut trade
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) zoomed over 101 per cent in debut trade on Monday against its issue price of Rs 320. It listed at Rs 644, reflecting a huge jump of 101.25 per cent as compared to the issue price on the BSE. On the NSE, it...
Spectrum auctions to be held this fiscal, reforms in spectrum pricing likely: Prasad
Amid widespread concerns over exorbitant pricing of radiowaves including 5G, Telecom Minister Ravi Shankar Prasad on Monday promised "reforms" in spectrum pricing and said that auctions will take place in the current financial year. Speaking at the India Mobile Congress 2019, Prasad said the government was aware and alive to some...
To establish India as 5G leader, price of 5G spectrum needs to be critically looked at: Jio
Reliance Jio on Monday said that the Government needs to set a clear roadmap for timely availability of spectrum and asserted that prices of 5G radio waves need to be "critically looked at". "Government would need to have a clear roadmap for timely availability of spectrum. The long delays between the...
Total to buy 37.4 pc stake in Adani Gas
French energy giant Total on Monday announced acquisition of 37.4 per cent stake in Gautam Adani-led Adani Gas. The gas marketing and distribution company, however, did not reveal the value of the deal. The announcement comes a year after the two firms announced a 50:50 joint venture to import and retail natural...
World Bank cuts India’s growth projection to 6%
After a broad-based deceleration in the initial quarters of this fiscal year, India’s growth rate is projected to fall to 6 per cent, the World Bank said on Sunday. In 2018-19, the growth rate of the country stood at 6.9 per cent. However, the bank in its latest edition of the South...
California walnut growers hope US-India trade deal will reduce tariffs
California walnut growers are hopeful that the US and India will soon strike a trade deal that will reduce the retaliatory tariffs imposed by New Delhi on American walnuts, a top industry official said. India imposed retaliatory tariffs on 28 US products, including walnuts, almonds and apples from June 5, after...
NPCI sees WhatsApp meeting data localisation norms in two months
Facebook-owned instant messaging giant WhatsApp will be compliant with data localisation norms over the next two months, post which it can roll out its much-delayed payments service here, says the National Payments Corporation. Even after the launch of WhatsApp’s payments service, it will take at least two years to reduce the...
