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Headline
Cambridge Analytica deceived users: US FTC
San Francisco, Dec 7 (IANS) More than one and a half year after the Cambridge Analytica scandal first became public, US regulators have said that the now-defunct British data analytics and consulting company engaged in deceptive practices to harvest personal information from tens of millions of Facebook users for voter profiling and targeting.
2019-12-07
Category: International, Costa Rica,Business/Economy
Maruti Suzuki to raise vehicle prices from Jan 2020
New Delhi, Dec 3 (IANS) Automobile major Maruti Suzuki will increase vehicle prices from January 2020.
2019-12-03
Category: India, Delhi,Business/Economy
Government committed to more reforms: Sitharaman
New Delhi, Dec 3 (IANS) Amidst criticism over a free fall in the Gross Domestic Product (GDP) growth rate, Finance Minister Nirmala Sitharaman on Tuesday said that the government is committed to take up further reform measures in the economy.
2019-12-03
Category: India, Delhi,Business/Economy
Home Credit reports stable growth with 34% market share: CRIF
New Delhi, Dec 3 (IANS) Home Credit, a local arm of the international consumer finance provider with operations spanning over Europe and Asia and committed to drive financial inclusion in India, has sustained its growth with 34% market share in the category of consumer durable loans of upto Rs 10,000, as per the latest CRIF report of Q3, 2019.
2019-12-03
Category: India, Delhi,Business/Economy
'Mobile bills to go up 40%, data usage not affected'
New Delhi, Dec 2 (IANS) About 100 crore mobile phone users will cough up at least 40 per cent more on their mobile bills from this month onwards with all the top three telcos - Reliance Jio Infocomm, Bharti Airtel and Vodafone Idea jacking up tariffs for the first time since September, 2016 to build up finances, pay huge pending dues to government and shore up their lowest average revenue per user (ARPU), but there will be no reduction in the usage of data while voice calls may lose out to app-based calling, analysts said.
2019-12-02
Category: India, Delhi,Business/Economy
Aditya Ghosh on OYO board, Rohit Kapoor new India CEO
New Delhi, Dec 2 (IANS) Hospitality unicorn OYO on Monday announced the elevation of Aditya Ghosh, presently CEO, India & South Asia for the hotels and homes business to the company's board of directors.
2019-12-02
Category: India, Delhi,Business/Economy
Investment in R&D propelled growth despite trade war setback: Honor
Beijing, Dec 1 (IANS) Chinese technology giant Huawei's sub-brand Honor said investment in research and development is yielding fruits, leading to its continuous growth despite a setback it faced due to the US-China trade war.
2019-12-01
Category: International, China,Business/Economy,Science/Tech,Technology
UP EPF scam: Babus' trouble to multiply as ED to probe money laundering (IANS Exclusive)
Lucknow, Nov 30 (IANS) Suspecting money laundering in the Rs 4,122 crore Employees Provident Fund(EPF) scam in Uttar Pradesh, the Enforcement Directorate (ED) has sought documents from the Economic Offences Wing (EOW) of Uttar Pradesh Police, and it will soon launch a probe into the multi-crore EPF scandal which involves controversial Mumbai firm, Dewan Housing Finance Limited (DHFL).
2019-11-30
Category: India, Uttar Pradesh,Business/Economy,Crime/Disaster/Accident
IBBI amends insolvency norms for corporate persons
New Delhi, Nov 29 (IANS) The Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations for insolvency process of corporate persons with effect from Thursday.
2019-11-29
Category: India, Delhi,Business/Economy
Poor core sector, IIP growth hint at 4-4.5 Q2 growth: Sources
New Delhi, Nov 29 (IANS) The quarterly growth figures for July-September to be released on Friday later by the Ministry of Statistics and Programme Implementation -- with most estimates pointing towards 4.3-4.7 per cent growth -- lower than Q1 growth of 5 per cent on the reasoning that the core sector and Industrial growth (IIP) both being dismal in August and September could have wrecked the Q2 numbers.
2019-11-29
Category: India, Delhi,Business/Economy
Spectrum auction in Mar, DoT to seek cabinet nod in Dec: Sources
New Delhi, Nov 28 (IANS) Department of Telecom is targeting spectrum auction in mid March, 2020, after its high powered committee on spectrum pricing decided in favour of TRAI's recommended base price. The decision will be placed before the Cabinet for approval in December, official sources said.
2019-11-28
Category: India, Delhi,Business/Economy
Spectrum auction in Mar, DoT to seek cabinet nod in Dec: Sources
New Delhi, Nov 28 (IANS) Department of Telecom is targeting spectrum auction in mid March, 2020, after its high powered committee on spectrum pricing decided in favour of TRAI's recommended base price. The decision will be placed before the Cabinet for approval in December, official sources said.
2019-11-28
Category: India, Delhi,Business/Economy
RIL hits Rs 10 lakh crore market cap
Mumbai, Nov 28 (IANS) Oil-to-telecom major Reliance Industries (RIL) on Thursday surpassed Rs 10 lakh crore in market capitalisation, becoming the first Indian company to do so.
2019-11-28
Category: India, Maharashtra,Business/Economy
Cabinet approves extension of 15th Finance Commission term
New Delhi, Nov 27 (IANS) The Union Cabinet on Wednesday approved the extension of the term of the 15th Finance Commission headed by N.K. Singh.
2019-11-27
Category: India, Delhi,National,Business/Economy,Politics
Cabinet nod for hiking FCI's authorised capital to Rs 10,000 cr
New Delhi, Nov 27 (IANS) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the proposal to increase the authorised capital of Food Corporation of India (FCI) to Rs.10,000 crore.
2019-11-27
Category: India, Delhi,Business/Economy
Zee tanks 9% after Subhash Chandra quits as chairman
Mumbai, Nov 26 (IANS) Although the news of stake sale by Subhash Chandra-led Essel group in Zee did not have a negative impact last week, Chandra's stepping down as chairman from the Zee Board, appears to have not gone down well with the investors on Tuesday.
2019-11-26
Category: India, Maharashtra,Business/Economy
No white paper on economy, new pension scheme on anvil for small farmers: FM
New Delhi, Nov 25 (IANS) The Government on Monday said there is no proposal to bring out a White Paper on economy and that a voluntary and contributory pension scheme for Small and Marginal Farmers across the country has already been approved, which will boost income security in the rural sector.
2019-11-25
Category: India, Delhi,Business/Economy
440-MW of Nuclear power plants in TN, Karnataka soon
Chennai, Nov 25 (IANS) A total of 440-megawatt (MW) of Nuclear Power generation is expected to begin in Tamil Nadu and Karnataka between November 27 and December 1 this year, as per Power System Operation Corporation Ltd (POSOCO).
2019-11-25
Category: India, Tamil Nadu,National,Business/Economy,Environment/Wildlife
Karvy fiasco adds to woes of stock market investors
New Delhi, Nov 25 (IANS) There is a big crisis of confidence brewing in the stock broking space after the SEBI order banning Karvy Stock Broking firm from taking on new clients as this space has seen four major defaults in last one year.
2019-11-25
Category: India, Delhi,Business/Economy
Trade cautiously in volatile market (Market Watch)
Markets continued their choppy movement but kept the momentum intact. While the final outcome of the week could be termed as flat or neutral, the upward move and making new highs continued. BSESENSEX gained 2.72 points or 0.01 per cent to close at 40,359.41 points. It made a new high of 40,816.38 points during the week. NIFTY gained 18.95 points or 0.16 per cent to close at 11,914.40 points. The intraweek high on NIFTY was 12038.60 points.
2019-11-24
Category: India, Delhi,Business/Economy,Opinion/Commentary
Petrol prices rise for third straight day
New Delhi, Nov 24 (IANS) Petrol prices rose for the third consecutive day in the national capital on Sunday. The price of diesel, however, declined for the second straight day following the daily revision of fuel rates.
2019-11-24
Category: India, Delhi,Business/Economy
Officials asked to correct data of PM-KISAN scheme in UP
Lucknow, Nov 24 (IANS) UP Chief Secretary R K Tiwari has asked all district magistrates in Uttar Pradesh to ensure that the anomalies in the data of farmers is rectified by November 30 so that the beneficiaries of the Pradhan Mantri Kisan Samman Nidhi(PM-KISAN) scheme can start getting their dues from December 1.
2019-11-24
Category: India, Uttar Pradesh,National,Business/Economy
Consumer confidence recovers in Nov: Report
New Delhi, Nov 23 (IANS) After months of decline, consumer confidence in India witnessed an uptick of 2.9 percentage points, according to a consumer sentiment index jointly prepared by Thomson Reuters and IPSOS.
2019-11-23
Category: India, Delhi,Business/Economy
Emirates treats fliers with Indian cashew nuts
Bengaluru, Nov 23 (IANS) Marking the World Cashew Day, leading Gulf-based carrier Emirates on Saturday treated its fliers with tasty and munchy Indian cashews onboard its passenger jets, an official said.
2019-11-23
Category: India, Karnataka,Business/Economy
Govt to further dilute stake in RITES via OFS
New Delhi, Nov 22 (IANS) The disinvestment revenue generation has picked speed as days after the Cabinet decision to privatise four blue-chip PSUs including BPCL, the Centre now proposes to sell 2.50 crore shares of Railways' arm - RITES, representing 10 per cent of the total paid-up equity capital of the company.
2019-11-22
Category: India, Delhi,Business/Economy
China revises its 2018 GDP up 2.1%
Beijing, Nov 22 (IANS) China on Friday raised its GDP for 2018 to 91.93 trillion yuan ($13.08 trillion), 2.1 per cent more than the previously stated figure, following the latest revision of the calculations by China's National Bureau of Statistics (NBS).
2019-11-22
Category: International, China,Business/Economy
'10% hike in tariffs could cut losses of telcos by 60%'
New Delhi, Nov 22 (IANS) Deferment of spectrum dues and possible tariff hikes are a positive but AGR overhang remains and a 10 per cent hike in tariffs could bring down their losses by 30-60 per cent, Vipula Sharma, Director - Ratings, Brickwork Ratings has said.
2019-11-22
Category: India, Delhi,Business/Economy
FC Report by Nov 30, central schemes may be pruned on merit & cost
New Delhi, Nov 22 (IANS) The 15th Finance Commission (XV-FC) headed by N.K. Singh will submit its report by the end of November and it is learnt to have given fresh review on the Centrally Sponsored Schemes and suggesting possible winding up or merger of certain schemes in view of their duplication, poor outcomes, rising outlays.
2019-11-22
Category: India, Delhi,Business/Economy
Petrol at Rs 80/l in Mumbai as prices rise after 2 days
New Delhi, Nov 22 (IANS) After a gap of two days, petrol prices increased again on Friday and in the country's financial capital Mumbai, it was being sold at Rs 80 per litre. The petrol prices increased by 15-16 paise per litre in the four metros of Delhi, Kolkata, Mumbai and Chennai, while there has been no change in the price of diesel. On the other hand, the price of crude in the international market remained close to the two-month high.
2019-11-22
Category: India, Delhi,Business/Economy
Equity indices trade marginally lower
Mumbai, Nov 22 (IANS) The key Indian equity indices opened on a flat note on Friday before trading marginally lower.
2019-11-22
Category: India, Maharashtra,Business/Economy
Sony Corp in talks to buy stake in Network 18
New Delhi, Nov 21 (IANS) Sony Corp is said to be in talks to buy stake in Reliance Industries (RIL) promoted Network18 Media and Investments Ltd.
2019-11-21
Category: India, Delhi,Business/Economy,Media
Swiggy invests Rs 175 cr to set up 1,000 cloud kitchen in India
New Delhi, Nov 20 (IANS) Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its "Swiggy Access" initiative.
2019-11-20
Category: India, Delhi,Business/Economy,National,Technology
Sensex logs life-time high of 40,816, Nifty tops 12K
Mumbai, Nov 20 (IANS) India's benchmark equity index hit record levels led by index-heavyweight Reliance Industries (RIL) -- the largest company by market cap on Tuesday surged nearly 4 per cent on the BSE after improved prospects of Jio.
2019-11-20
Category: India, Maharashtra,Business/Economy
To the brink & back: Vodafone Idea jump 18%
Mumbai, Nov 18 (IANS) Vodafone-Idea (VIL) on Monday advanced nearly 18 per cent on the NSE over investors renewed interest in telecom stocks over a possible government-led revival. Bharti Airtel also surged by 3.5 per cent.
2019-11-18
Category: India, Maharashtra,Business/Economy
China's central bank cuts repo interest rates after 4 years
Beijing, Nov 18 (IANS) The People's Bank of China (PBOC) on Monday reduced the interest rates on repurchase agreements, or repos - one of its main short-term liquidity tool - for the first time in more than four years.
2019-11-18
Category: International, China,Business/Economy
'Foreign PEs pumped $14 bn in realty during 2015-19'
New Delhi, Nov 18 (IANS) Foreign private equity firms invested around $14 billion during the period starting 2015 to the quarter ended September of 2019 with most of the investments in the commercial real estate sector, says a data by Anarock Capital.
2019-11-18
Category: India, Delhi,Business/Economy
Give 2-yr-moratorium, lower interest rate, longer repayment time: COAI to govt
New Delhi, Nov 18 (IANS) The mobile industry has urged Government to help the telcos restructure their debts with a two-year moratorium, lower interest and longer repayment time to help them come out of the financial crisis which has been aggravated by the AGR order of the Supreme Court.
2019-11-18
Category: India, Delhi,Business/Economy
Sensex ends marginally higher amid volatility (Week Review)
Mumbai, Nov 16 (IANS) Domestic stock markets continued its ups and downs this week, albeit Sensex closed with a slight gain. However, Nifty remained below last week's closing.
2019-11-16
Category: India, Maharashtra,Business/Economy
AirPods Pro: True silence becomes most beautiful sound
New Delhi, Nov 16 (IANS) Wireless Bluetooth earphones have come a long way but sound quality and surrounding noise have kept audiophiles a bit wary of those to date.
2019-11-16
Category: India, Delhi,Business/Economy,Lifestyle/Fashion,Technology
Social investment by mining cos dates back to pre DMF era
New Delhi, Nov 15 (IANS) The legacy in mining companies is still surviving no matter how much social and economic development mining companies in India bring. Mining is perhaps one of the few sectors that has played significant role in developing infrastructure in rural and tribal belt in India, by virtue of finding most of the minerals in deep rural and tribal areas. To obtain licence to operate from the people of region, mining companies have invested significantly to improve the lives of rural poor and build sustainable infrastructure in villages.
2019-11-15
Category: India, Delhi,Business/Economy,Human Interest/Society
SBI, PNB, IDBI set for recovery from bankrupt Essar Steel
New Delhi, Nov 15 (IANS) The big win for lenders of bankrupt Essar Steel following the Supreme Court order on Friday has opened the doors for state-run banks like SBI, PNB, and IDBI Bank as well private banks like ICICI Bank and Edelwiess Asset Reconstruction Company to receive their recoveries from big cases under insolvency resolution.
2019-11-15
Category: India, Delhi,National,Business/Economy
India's Oct wholesale price inflation eases to 0.16%
New Delhi, Nov 14 (IANS) India's annual rate of inflation based on wholesale prices eased to 0.16 per cent in October from 0.33 per cent in September, official data showed on Thursday.
2019-11-14
Category: India, Delhi,Business/Economy
Sun TV plunges 10%, Nifty media index down 3%
Mumbai, Nov 13 (IANS) Sun TV on Wednesday plunged over 10 per cent during the early trade after it reported a fall in advertisement revenues. Nifty media index fell by 3 per cent.
2019-11-13
Category: India, Maharashtra,Business/Economy
Bharat Forges' management commentary, surprising
Mumbai, Nov 11 (IANS) Management commentary, usually measured and aimed at boosting confidence among investors is changing amid the severe slowdown in the country. More than Bharat Forges' quarterly numbers, investors and brokerage were surprised at its sharp commentary on the business environment in the country, after the company said the business environment in the past quarter had been the "toughest period witnessed by the company in the decade".
2019-11-11
Category: India, Maharashtra,Business/Economy
Alibaba Singles' Day sales hit $26.38bn, breaks past record
Hangzhou (China), Nov 11 (IANS) Tech giant Alibaba's Singles' Day sales has hit $26.38 billion and set to zoom past its previous year record holding high hopes for the Chinese economy which has slowed down in the wake of a global trade war.
2019-11-11
Category: International, China,Business/Economy
Petrol prices above Rs 73/litre for 3rd consecutive day
New Delhi, Nov 10 (IANS) With a rise of 45 paise per litre, petrol prices in Delhi remained above Rs 73 per litre for the third consecutive day on Sunday. Diesel prices however, remained unchanged.
2019-11-10
Category: India, Delhi,National,Business/Economy
Nomura heat-map shows most macro indicators in red zone
New Delhi, Nov 8 (IANS) A heat-map prepared by CEIC and Nomura Global Economics has shown most macro economic data slipping into red since first quarter of the current fiscal.
2019-11-08
Category: India, Delhi,Business/Economy
Voda, Yes Bank out of MSCI; SBI Life, DLF make inroads
Mumbai, Nov 8 (IANS) Eight stocks, including Berger Paints, DLF, SBI Life Insurance have been added to the recent rejig of the Morgan Stanley Capital International (MSCI) index, while six struggling scrips of Yes Bank, India Bulls Housing Finance, Bharat Heavy Electricals Ltd (BHEL) among others have been removed.
2019-11-08
Category: India, Maharashtra,Business/Economy
Moody's cuts India outlook to 'negative', Govt says macro stats strong (2nd Lead)
New Delhi, Nov 8 (IANS) Global rating agency Moody's Investors Service on Friday cut India's outlook from 'stable' to 'negative' reflecting increasing risks to the country's economic growth and the government's failure in addressing long-standing economic and institutional weaknesses.
2019-11-08
Category: India, Delhi,Business/Economy
Snowfall in Kashmir damages apple orchards, cripples life
Srinagar, Nov 8 (IANS) Heavy snowfall over the past 36 hours has caused massive damage to apple trees as life was thrown out of gear in the Kashmir Valley for the second day on Friday.
2019-11-08
Category: India, Jammu And Kashmir,National,Business/Economy,Environment/Wildlife