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  • Wipro net up 29.6% in Q3

    Bengaluru: Global software major Wipro on Friday reported Rs 2,544 crore net profit for the third quarter of fiscal 2018-19, registering 29.6 per cent annual growth, up from Rs 1,936 crore in the same period a year ago. In a regulatory filing on the BSE, the Bengaluru-based IT firm said[Read More…]

  • RBI slaps Rs 1-cr penalty on Bank of Maharashtra

    Mumbai: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the fine was imposed by an order dated January 4, 2019 “for non-compliance with ‘Master Directions on Frauds-Classification and Reporting’ dated[Read More…]

  • Sensex ends 157 points lower over fresh signs of global slowdown

    Mumbai, Sensex and Nifty fell on Monday in line with Asian markets which responded on poor Chinese trade data and an extended partial US government shutdown, fuelling concerns of a global growth slowdown. However, losses were capped as India’s annual rate of inflation based on wholesale prices eased to 3.80[Read More…]

  • Sensex down 260 points, Nifty trades around 10,700

    Mumbai, The Indian equity indices traded in the red on Monday afternoon with the S&P BSE Sensex trading over 260 points lower. The Nifty50 on the National Stock Exchange also slumped and was around the 10,700-mark level during the afternoon session. Weakness in the Asian markets and depreciation in the[Read More…]

  • Equity indices open in red, Sensex down 170 points

    Mumbai,The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points. All the sectoral indices on the BSE traded in the red except the IT and Teck stocks. Weakness in the Asian markets dampened the domestic investor sentiments on Monday,[Read More…]

  • Sensex ends 97 points lower on higher crude prices

    Mumbai, A continuous rise in global crude oil prices, along with caution ahead of key micro-economic data to be released later in the day, dragged the Indian equity market into the red on Friday. The benchmark Brent crude prices rose over 0.5 per cent to cross the $62 a-barrel-mark. Stocks[Read More…]

  • Sensex, Nifty in red

    Mumbai, Caution ahead of the key micro-economic data and selling in the financials sector dragged the major indices in the red during the pre-afternoon trade session on Friday. Key macro-economic figures like forex reserves, Index of Industrial Production and manufacturing output are set to be released on Friday. Realty stocks[Read More…]

  • Text message that costed Jeff Bezos $69 billion

    Two days after Jeff and Mackenzie Bezos in a joint statement shared the news of their divorce with the world, speculations regarding the reason of them getting separated are surfacing. According to reports it has been revealed that the Founder, CEO of Amazon was dating former news anchor Lauren Sanchez.[Read More…]

  • Sensex ends 106 points lower over declining banking stocks

    Mumbai, Sensex and Nifty ended lower on Thursday over a sharp rise in crude oil prices and decline in banking stocks. Brent crude futures on Thursday surpassed the $61-a-barrel mark around the closing bell. The Indian currency followed suit and weakened to Rs 70.54 per dollar after closing at 70.46.[Read More…]

  • GST Composition Scheme: Rs 1.5 cr threshhold from 2019-20

    New Delhi, In a further relief to the micro, small and medium (MSME) sector, the threshhold limit for eligibility under the GST Composition Scheme was raised to Rs 1.5 crore, from Rs 1 crore, by the GST Council on Thursday and will apply from the 2019-20 fiscal beginning April 1.[Read More…]

  • Tata Power Delhi, Norway’s PIXII ink deal on grid

    New Delhi: Tata Power Delhi Distribution Ltd (TPDDL) has signed an agreement with Norwegian power technology company PIXII to explore the use of distributed pole-mounted storage to boost the strength of the distribution grid in the capital, a statement said on Thursday. The Delhi distribution company (discom) said the agreement,[Read More…]

  • Sensex, Nifty trade lower over sharp rise in crude oil prices

    Mumbai: Sensex and Nifty traded lower during the afternoon session of the trade on Thursday over a sharp rise in crude oil prices and decline in financial stocks. Brent crude futures on Thursday surpassed the $60-a-barrel mark. Also, investors awaited Q3 corporate results, set to start on Thursday, and more[Read More…]

  • MacKenzie Bezos could be world’s richest woman following divorce with Amazon founder Jeff Bezos

    Mackenzie Bezos after divorcing with Amazon founder, chairman Jeff Bezos could become the richest woman on the planet. Currently, Francoise Bettencourt Meyers, the granddaughter of L’Oréal founder, Eugène Paul Louis Schueller is the world’s richest woman. She has a net worth of $45.7 billion. Top 4 richest woman in the world[Read More…]

  • LG joins Microsoft to accelerate autonomous vehicles business

    Las Vegas,LG Electronics has partnered Microsoft to help grow its autonomous vehicle and infotainment system business by leveraging Microsoft’s Azure cloud and Artificial Intelligence (AI) technologies along with LG’s future self-driving software developments. LG will apply Microsoft’s AI knowledge to its Advanced Driver Assistance Systems (ADAS), Driver-Status Monitoring Camera (DSM)[Read More…]

  • Shell closes purchase of French firm Total’s 26% stake in Hazira LNG

    New Delhi, Anglo-Dutch oil multinational Royal Dutch Shell’s Indian arm on Wednesday said it has completed the acquisition of French oil major Total SA’s 26 per cent stake in the company that operates the Hazira liquefied natural gas (LNG) terminal in Gujarat. Shell Energy India, however, did not disclose the[Read More…]

  • Jabra launches Evolve 65t for business professionals in India

    New Delhi, Expanding its audio line-up, Denmark-based Jabra, a subsidiary of GN Netcom that makes in-ear and on-ear audio wearables, on Wednesday launched its Evolve 65t wireless earbuds for business professionals for Rs 39,440 in India. The Evolve 65t incorporates all the features of the Evolve range such as wireless[Read More…]

  • IndusInd Bank Q3 net profit up 5%

    Mumbai,  IndusInd Bank on Wednesday reported a 5 per cent increase in its net profit for the third quarter (Q3) of 2018-19. Its net profit during the quarter under review rose to Rs 985 crore from Rs 936 crore in the corresponding period of last fiscal. “Net profit for the[Read More…]

  • Apple CEO Tim Cook took home $15.7 mn in 2018

    San Francisco, Riding on a robust growth last year, Apple CEO Tim Cook earned a compensation package of $15.7 million — including $12 million in bonus that means nearly $33,000 a day. The package included $3 million in base salary, $12 million in incentives awarded for performance and another $682,000[Read More…]

  • Dell’s Alienware enters into multi-year partnership with Riot Games

    Las Vegas, Dell subsidiary Alienware has entered into a partnership with Los Angeles-headquartered video games developer Riot Games to become the official competition PC and display partner for a number of e-sports events. Riot Games is the developer and operator behind the popular e-sports title, “League of Legends”. The partnership,[Read More…]

  • Equity indices rise on growth data, global cues

    Mumbai,  Expectations of a healthy economic growth rate and broadly positive global bourses on easing US-China trade tensions coupled with stock-specific buying pushed the Indian equity market higher on Tuesday. Additionally, hopes of further liquidity infusion into the Non Banking Financial Companies (NBFC) buoyed investor sentiments and broke the market’s[Read More…]

  • IBM earns record patents in 2018, India 2nd highest contributor

    Bengaluru, IBM inventors from India earned over 800 patents — the second highest contributor to the company’s global record of 9,100 patents in the US in 2018 — with nearly half in the fields of Artificial Intelligence (AI), Cloud computing, cyber security, Blockchain and Quantum Computing. One of the patents[Read More…]

  • Sensex, Nifty in green, financials drag

    Mumbai: The Sensex and Nifty traded in the green during the morning trade session on Tuesday after they opened lower. Caution ahead of the Q3 corporate earning session starting this week and outcome of the ongoing US-China trade talks kept the indices in a short range. The Asian markets also[Read More…]

  • Sensex up 240 points on signs of easing trade tension

    Mumbai, The Sensex advanced over 240 points on Monday afternoon following Asian markets on signs of an easing trade tension. Talks between US and China are scheduled to be held on Monday and Tuesday. Barring the healthcare sector, all the other sectorial stocks traded comfortably in the green on both[Read More…]

  • Sensex opens higher over easing trade tension

    Mumbai: The key Indian equity indices opened higher on Monday amid expectation of ease in the US-China trade tension. Talks between the US and China is scheduled to be held on Monday and Tuesday. All the sectors on BSE and NSE traded in the green. The Sensex of the BSE[Read More…]

  • Tea production down 6.5% during November in 2018

    Kolkata: India’s estimated tea production fell by 6.59 per cent to 115.06 million kg during November in 2018 as against 123.18 million kg produced in the year-ago month, according to data from the Tea Board India. The fall in production by 8.12 million kg for the month was due to[Read More…]

  • These banks will be at strike on January 8, 9

    A strike has been called on January 8 & 9 by employees of public sector banks   after 10 central trade unions called strike against the “pro-capitalist” economic policies of the BJP-led NDA regime. The Bank Employees Federation of India and the All India Bank Employees Association told Indian Banks’ Association[Read More…]

  • US stocks close higher amid Fed’s signals of gentler monetary policy

    New York,  US stocks closed sharply higher, finishing the week on a high note, after tech stocks surged, job market retained strength and US Federal Reserve chair hinted at slower monetary tightening. The Dow Jones Industrial Average on Friday closed 746.94 points, or 3.29 per cent, dramatically higher to 23,433.16.[Read More…]

  • Equity indices open in red, Sensex down over 100 points

    Mumbai, The key Indian equity indices opened in the negative territory on Wednesday with the S&P BSE Sensex losing over 100 points. Auto and metal stocks witnessed heavy selling pressure on the indices. At 9.23 p.m., the Sensex traded at 36,139.31 points, lower by 115.26 points or 0.32 per cent[Read More…]

  • Sensex, Nifty end flat; rupee gains

    Mumbai, The last session of 2018’s trade ended on a flat note with the Sensex declining 8 points and the Nifty adding just 2 points to its previous close. The indices however were in the green for the most part of Monday’s trade session but were dragged by weakness in[Read More…]

  • Equity indices open in green, Sensex up 200 points

    New Delhi, The key Indian equity indices opened on a positive note on Monday with the S&P BSE Sensex trading 200 points higher. In the Asian markets too, indices traded on a positive note so far in the day. At 9.19 a.m., the Sensex traded at 36,277.86 points, higher by[Read More…]

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