Slowdown Saga: Nov auto sales decline by 12% (Roundup)(23:46) New Delhi, Dec 10 (IANS) Domestic automobile sales continued to decline in November with the overall sectoral off-take plunging 12.05 per cent on a year-on-year basis, data showed on Tuesday.
Majority of top 100 Indian firms are new entities: Report(23:38) Mumbai, Dec 10 (IANS) As many as 54 per cent of the top 100 companies in India in terms of market capitalisation have been replaced by new companies over the past two decades, a report by Edelweiss Securities showed on Tuesday.
Mamata govt's business conclave ropes in 35 countries(23:28) Kolkata, Dec 10 (IANS) Industrialists and officials from India and 35 other countries would take part in the two-day Bengal Business Conclave beginning Wednesday in the sea resort of Digha as the Mamata Banerjee led government in the state is making a desperate bid to rope in big ticket investment which has eluded the West Bengal for years.
Rs 5 lakh crore to be spent in infrastructure: Gadkari(23:22) Bengaluru, Dec 10 (IANS) The government would spend a whopping Rs 5 lakh crore over the next two years in infrastructure projects to spur the economy and create thousands of jobs, Union Surface Transport Minister Nitin Gadkari said on Tuesday.
Scheme to improve bank credit to exporters on cards: Puri(22:46) New Delhi, Dec 10 (IANS) Union Minister Hardeep Singh Puri has said the government is framing a new scheme for improving bank credit to exporters. Puri was speaking at an industry event organised by EEPC India, here on Tuesday.
DoT cracks whip, tells telcos to pay pending AGR dues fast(22:08) New Delhi, Dec 10 (IANS) The Department of Telecom (DoT) has asked telecom licencees to speed up the process of self-assessment of adjusted gross revenue (AGR) based dues and the payment of over Rs 1.47 lakh crore and submit comprehensive representation on previous issued demands latest by December 13, 2019.
Ministers evading questions on job loss in Parliament(21:30) By Ravi Dutta Mishra New Delhi, Dec 10 (IANS) A question on job losses in the struggling auto sector in the Parliament on Tuesday received an evasive answer by the Union Minister of State for Heavy Industries that the department had "no specific information of job loss" in the sector.
ADNOC, RIL to explore development of EDC facility in Ruwais(20:48) Mumbai, Dec 10 (IANS) The Abu Dhabi National Oil Company (ADNOC) has entered into a framework agreement with Reliance Industries (RIL) to explore development of ethylene dichloride (EDC) facility at Ruwais in the western region of the Emirate of Abu Dhabi.
BPCL disinvestment a change of stance from Govt: CEA(20:40) New Delhi, Dec 10 (IANS) Chief Economic Advisor Krishnamurthy Subramanian on Tuesday said the disinvestment of a profitable company like BPCL reflects a change in the way government views disinvestment and privatization.
Jharkhand mine to get Zyfra 'intelligent' solution(19:56) New Delhi, Dec 10 (IANS) The Odisha-based Earthmovers has awarded contract to implement an 'intelligent mine' solution at the Pakri Barwadih coal mining project in Jharkhand to Finnish-Russian digital solutions provider Zyfra.
Airtel launches Wi-Fi calling services, Jio may follow(19:34) New Delhi, Dec 10 (IANS) Airtel has launched Wi-Fi calling after testing it for months, but for now it will work only on Airtel Xstream Fiber and on select smartphones.
IDBI Bank to divest stake in two subsidiaries(19:00) New Delhi, Dec 10 (IANS) IDBI Bank's Board on Tuesday gave "in-principle approval" to divest its stake in IDBI Capital Market Securities (ICMS) and IDBI Intech Limited (IIL).
Slowdown Saga: Nov auto sales decline by 12% (Lead)(19:00) New Delhi, Dec 10 (IANS) Domestic automobile sales continued to decline in November with the overall sectoral off-take plunging 12.05 per cent on a year-on-year basis, data showed on Tuesday.
Sensex falls 248 points, Yes Bank ends 10% lower (Lead)(18:58) Mumbai, Dec 10 (IANS) The benchmark Sensex closed 248 points lower on Tuesday while Yes Bank lost over 10 per cent ahead of its crucial board meeting. There was a broad based sell-off witnessed in the market with Nifty Midcap and Nifty smallcap down 1.3 per cent and 1.1 per cent respectively.
No word from India on meeting with Nepal over power trade(18:46) Kathmandu, Dec 10 (IANS) A planned tripartite meeting between Nepal, India and Bangladesh to fix the terms for power trade is in limbo with no word for the past two months from the Indian External Affairs Ministry which had proposed to host it.
Alstom starts making metro trainsets for Mumbai Metro(18:08) Chennai, Dec 10 (IANS) French train maker Alstom on Tuesday began production of metro trainsets for Mumbai Metro Rail Corporation (MMRC) at its factory in SriCity near here and the first train will be delivered by November 2020, the company said.
SBI under-reports bad loans by Rs 12k cr for FY 19(16:50) New Delhi, Dec 10 (IANS) State Bank of India on Tuesday reported bad loan divergence of Rs 11,932 crore for the last financial year besides disclosing divergence of Rs 12,036 crore in provisioning for the financial year ending March 2019.
RBI seen holding rates in the remainder of FY20(16:38) By Rohit Vaid New Delhi, Dec 10 (IANS) Notwithstanding growth pangs, the Reserve Bank is expected to maintain the accommodative monetary easing pause till the end of FY20 to contain retail inflation levels, say industry observers.
OPPO set to open 2nd R&D centre in India(16:06) By Bharat Upadhyay Shenzhen, Dec 10 (IANS) With OPPO planning to invest $7 billion in research and development globally in the next three years, the Chinese smartphone maker is set to open its second R&D centre in India, a top company executive said here on Tuesday.
UAE praises Himachal for hosting investors' summit(15:24) Shimla, Dec 10 (IANS) UAE Ambassador to India Ahmed Al Banna has appreciated the efforts of the state for organising the maiden Global Investors Summit last month to which it was the partner country, the government said on Tuesday.
Yes Bank plunges 12% ahead of key meet (Lead)(15:04) Mumbai, Dec 10 (IANS) Stock price of Yes Bank on BSE extended losses on Tuesday, falling nearly 12 per cent, as investors feared an adverse outcome of the crucial board meeting later.
Divestment not on the basis of profit or loss: Govt(13:54) New Delhi, Dec 10 (IANS) Amid questions raised over stake sale in profit-making PSUs, the government on Tuesday said in Rajya Sabha that the criteria for disinvestment were not profit or loss.
Big hotel chains help boost local economy in Rajasthan(13:22) By Archana Sharma Jaipur, Dec 10 (IANS) Big hotel chains in Rajasthan are helping the local economy grow by providing newer employment avenues to the natives.
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