Business News

Panaji, 31 Oct 2017/--/The Goa State Pollution Control Board (GSPCB) has urged the Union environment ministry not to give the nod to a proposal of Mormugao Port Trust (MPT) to enhance its coal handling capacity, pending the air ambient study of its surrounding areas, an official has said. The...

NEW DELHI, 31 Oct 2017/--/The Supreme Court on Tuesday agreed to hear on November 6 a plea of a group of industries seeking "reasonable time" to implement the apex court order banning use of furnace oil and pet coke to curb pollution. A bench of Justices J Chelameswar and S Abdul Nazeer said the...

Lucknow, 31 Oct 2017/--/The rise in wholesale and retail prices of different vegetables in Lucknow was maximum across over 25 cities in the country this month owing to festive demand, Assocham said in a study. The study, conducted by Assocham Economic Research Bureau, noted that supply of...

NEW DELHI, 31 Oct 2017/--/Consumer Affairs Minister Ram Vilas Paswan Tuesday termed the rise in onion and tomato prices as "seasonal factor", saying the situation will normalise in a week or so on improved supplies of the fresh crop. In the national capital, retail onion prices are ruling as high...

NEW DELHI, 31 Oct 2017/--/Can former RBI governor Raghuram Rajan head the US Federal Reserve? Yes, he would be an ideal choice to lead the American central bank, says global financial magazine Barron's. US President Donald Trump is expected to soon announce a successor to Federal Reserve Chair...

NEW DELHI, 31 Oct 2017/--/Eight core sectors grew to a six-month high of 5.2 per cent in September, helped by a robust performance in coal, natural gas and refinery segments, official data showed on Tuesday. The eight infrastructure sectors -- coal, crude oil, natural gas, refinery products,...

NEW DELHI, 31 Oct 2017/--/The country's largest telecom company Bharti Airtel on Tuesday posted 76.5 per cent plunge in consolidated net profit to Rs 343 crore for the September quarter, hit by disruptive pricing of newcomer Reliance Jio and the resulting tariff war. It had posted net profit of Rs...

Kolkata, 31 Oct 2017/--/A micro retailers association Tuesday staged a protest against the Centres advisory to state governments, proposing a ban on tobacco and paan shops from selling food items. The association said the suggestion, if implemented, would affect the livelihood of around five lakh...

Panaji, 31 Oct 2017/--/Delegates from about 65 countries are expected to participate in the Vibrant Ceramics Expo and Summit (VCES)-2017, scheduled to be held from November 16-19 at Gandhinagar in Gujarat, the organisers have said. The roadshows for the Vibrant Ceramic Expo 2017 were conducted in...

Mumbai, 31 Oct 2017/--/Global ride-hailing company Uber Tuesday announced the launch of two new products uberACCESS and uberASSIST in Bengaluru, supported by Mphasis, a leading cloud and cognitive services provider, as a part of their Corporate Social Responsibility (CSR) initiative. With an aim...

Kolkata, 31 Oct 2017/--/IIT Kharagpur and Arka Renewables Energy College have submitted a plan to the Department of Science and Technology for setting up solar e-vehicles charging station on a commercial scale in the state. The project will be the first one in the country on this scale, Arka...

Mumbai, 31 Oct 2017/--/Gold edged lower in listless trade at the bullion market here on Tuesday due to lack of buying interest from stockists and retailers. However, silver maintained its rising trend and firmed up by Rs 55 per kg on increased offtake by industrial units. Standard gold (99.5...

Mumbai, 31 Oct 2017/--/Consolidating strong recovery for the second-straight day, the rupee edged higher by 10 paise to end at a fresh two-week high of 64.75 against the dollar owing to sustained selling of US currency by exporters. Subdued greenback overseas along with abundant capital inflows...

NEW DELHI, 31 Oct 2017/--/Markets regulator Sebi has sought clarifications from merchant bankers of 10 firms, including Lemon Tree Hotels and CMS Info Systems, regarding their proposed initial public offers (IPOs). Together, these companies are estimated to raise more than Rs 6,000 crore,...

NEW DELHI, 31 Oct 2017/--/The rupee is expected to be around 66 per US dollar by the year end because of rising current account deficit and muted FPI equity inflows amid rich valuations in domestic stock markets, says a report. According to Bank of America Merrill Lynch (BofAML), the Reserve Bank...

NEW DELHI, 31 Oct 2017/--/Hindustan Petroleum Corp Ltd (HPCL) is likely to acquire Mangalore Refinery and Petrochemicals (MRPL) in a share-swap deal to become Indias second-largest oil refiner. The merger is likely to take place after ONGC, countrys biggest oil and gas explorer, completes...

Kolkata, 30 Oct 2017/--/The Board of Directors of Bandhan Bank Ltd approved the bank’s earnings for the quarter ended September 30, 2017, at their meeting recently. The accounts are subjected to the ‘Limited Review’ by the statutory auditors of the bank. There has been a substantial rise in both...

Kolkata, 30 Oct 2017/--/Janalakshmi Financial Services will soon launch its operations as Jana Small Finance Bank. The organization has associated with Nawazuddin Siddiqui, the famous Indian film actor, as their brand ambassador. Through short films the organization showcases Nawaz’s humble...

Kolkata, 30 Oct 2017/--/Steel Authority of India Limited (SAIL) is going to enhance its iron ore production from the mines in Jharkhand. Along with expansion and modernisation of its mines in the state, and is working for development of remote villages of Jharkhand. The company has showcased its...

Kolkata, 30 Oct 2017/--/Fino Payments Bank has strengthened its digital team. A pioneer in biometric based banking, Fino has roped in Manish Boricha to head its digital initiatives. A two decade old veteran in the financial domain, Mr Boricha has earlier worked with Aditya Birla Payments Bank,...

Kolkata, 30 Oct 2017/--/Ola mobile app for transportation, launched ‘Heroes of Ola’, a multi-city programme where driver partners are felicitated for their exemplary customer service. Driver partners were felicitated by officials from Electronic Complex Police Authority, and senior officials from...

Kolkata, 30 Oct 2017/--/Johnson’s expands its range of active kids shampoos with the launch of Shiny Drops Shampoo. The changing demographic in parenting has triggered the need for a specific product for kids. Haircare, especially for girls, is an important factor, since growing hair needs to be...

Kolkata, 30 Oct 2017/--/Addressing the members, C. Narambunathan pointed out that NIA had been a market leader in non–life insurance holding the number one position with a net worth of Rs. 38,000 cr., while the valuation of the company would be around Rs. 68,000 cr. “With IPO coming, NIA will grow...

Guwahati, 30 Oct 2017/--/Assam has transformed into a peaceful state and several investors are now looking at coming and setting up base here, Chief Minister Sarbananda Sonowal said today. "Assam has become peaceful and its impression of being a highly progressive state has strongly been put in...

Mumbai, 30 Oct 2017/--/Mortgage major HDFC today reported a 17 per cent increase in consolidated net profit at Rs 2,869 crore in the quarter to September on better spreads and higher advances growth. On a standalone basis, the lender reported a 15 per cent increase in net profit at Rs 2,101 crore...