RBI to inject Rs 10,000 cr through open market operations this week

RBI to inject Rs 10,000 cr through open market operations this week

Tuesday, 15 January 2019 | PTI | Mumbai

The Reserve Bank of India (RBI) Tuesday said it would inject Rs 10,000 crore into the system through purchase of government securities on January 17 to increase liquidity. The purchase will be made through open market operations (OMOs). "Based on an assessment of prevailing liquidity conditions and also of the durable liquidity...

BHEL wins largest order for solar photovoltaic plants

Tuesday, 15 January 2019 | PNS | New Delhi

Bharat Heavy Electricals Limited (BHEL) has won an order for setting up 129 MW Solar Photovoltaic (SPV) power plants in Telangana from Singareni Collieries Company Limited. Significantly, valued at Rs.565 Crore, this is the largest SPV power plant order won by BHEL till date. The plants are to be set up at...

Business Corner

Tuesday, 15 January 2019 | PNS

Ramesh Chandra Kaushik, Member of Parliament (Lok Sabha) marked the commencement of works for construction of the rail coach refurbishment karkhana, Sonipat at the bhoomi pujan ceremony there. Senior Railway executives Arun Arora, Chief Mechanical Engineer, Northern Railway, Navin Kumar Parsuramka Addl Divisional Railway Manager, Northern Railway, Delhi were also...

Sebi settles case with individual in IndoStar Capital case

Sebi settles case with individual in IndoStar Capital case

Monday, 14 January 2019 | PTI | New Delhi

Markets regulator Sebi has settled a case of disclosure lapses by an individual after paying more than Rs 2 lakh towards settlement charges in the matter of IndoStar Capital Finance Ltd. In an order, the regulator said during the probe it 'prima-facie' found that "Prashant Shetty had sold 15,000 shares of...

Infosys shares gain nearly 4 pc on share buyback

Infosys shares gain nearly 4 pc on share buyback

Monday, 14 January 2019 | PTI | New Delhi

Shares of Infosys Monday rose by nearly 4 per cent after the company approved a Rs 8,260-crore share buyback and also raised its revenue growth forecast. After a positive opening, shares of the company further gained 3.70 per cent to Rs 709 on BSE. At NSE, shares of the company jumped 3.90...

Sensex falls over 150 pts ahead of key macro data release

Sensex falls over 150 pts ahead of key macro data release

Monday, 14 January 2019 | PTI | Mumbai

The BSE benchmark Sensex Monday dropped over 150 points tracking weakness in other Asian markets amid heavy selling by foreign investors. Market sentiment also turned cautious ahead of the release of key macroeconomic data. The 30-share index fell 174.61 points, or 0.48 per cent, to 35,835.23 in early trade. Similarly, the NSE Nifty...

Sharp rise in Petrol, diesel prices

Sharp rise in Petrol, diesel prices

Monday, 14 January 2019 | IANS | New Delhi

Transport fuel rates were hiked for the fifth time this month and saw their steepest rise on Sunday, amid global crude oil rates continuing to climb handsomely following the implementation of output cuts by oil producers from January 1. State-run oil marketing companies increased petrol rates by 49-60 paise per litre...

Govt working on bilateral trade pacts to push exports: Prabhu

Monday, 14 January 2019 | PTI | Mumbai

Given the rising challenge to the free trade, Commerce and Industry Minister Suresh Prabhu said Sunday that while the aim is to open up more for free trade and make WTO more efficient, the government is also keen to work on bilateral trade with more nations. "One of the big challenges...

Sunday Edition

Globe Trotting

20 January 2019 | Agencies | Sunday Pioneer

Sharif not completely well, says special medical board

20 January 2019 | PTI | Sunday Pioneer

Bangladesh PM Hasina says Govt will work for all

20 January 2019 | PTI | Sunday Pioneer