Business News

India's electronics, chemical sectors may be hit by coronavirus outbreak in China

India imports the majority of electronic products from China and exports chemicals and pharmaceutical products to that country.

published : 14 hours ago

Government to soon announce measures to deal with Coronavirus impact on industry: Finance Minister

She also said there were no reports of a shortage of medicines or medical equipment, instead, the pharma industry is asking for the lifting of the ban on exports of certain items.

published : 14 hours ago

Reduction in lending rates insufficient to boost credit growth: Bank of America Securities

The Reserve Bank cut rates in five consecutive reviews in 2019 before pausing in December due to surge in inflation.

published : 14 hours ago

Coronavirus impact: LED bulb prices may rise up to 10 per cent from March

This may impact the connected lighting solutions and professional lighting segment more as it has a larger share of imported components.

published : 14 hours ago

IOB raises lending target for home, MSME loans; hopes to be profitable soon: CEO

The bank's managing director and chief executive officer (MD & CEO) said that the next criterion is to make some profit.

published : 14 hours ago

Sensex, Nifty clock 4th successive loss; AGR woes hit telecom, financial stocks

The NSE barometer Nifty too staged a late recovery from the day's low and settled at 11,992.50, showing a fall of 53.30 points or 0.44 per cent.

published : 15 hours ago

Only 8.4 crore poor in India, claims a new study  

The authors conclude that the record pace of poverty reduction was due to high growth rate.

published : 15 hours ago

Vodafone Idea shares plunge 16 per cent, now at Rs 3 per stock

From a 52 week high of Rs 35.30 a stock that Vodafone Idea logged on March 13, 2019, it has now fallen below Rs 3 a share on Tuesday as its survival has come under question.

published : 16 hours ago

EESL ties up with BSNL to set up 1,000 EV charging stations

EESL will make the entire upfront investment on the services pertaining to the MoU, along with the operation and maintenance of the charging infrastructure by using qualified personnel.

published : 17 hours ago

Vodafone Idea's Kumar Mangalam Birla meets Telecom Secretary amid AGR crisis

The Supreme Court on Monday refused to stop DoT from taking any coercive steps for recovery of dues from Vodafone Idea.

published : 18 hours ago

IRDAI says 'yet to get' proposal from LIC on IPO

'Any company which goes public there will be better corporate governance and better disclosure,' IRDAI chairman S C Khuntia said.

published : 18 hours ago

HSBC to cut 35,000 jobs as profits plunge

Much of the cutbacks will be in the European and US investment banking sectors, while units in more profitable Asia and the Middle East would be bolstered.

published : 19 hours ago

Maruti launches BS-VI compliant Ignis at starting price of Rs 4.89 lakh

The new Ignis is powered by 1.2-litre petrol engine and comes with a manual and Auto Gear Shift (AGS) transmission options, the company said in a statement.

published : 19 hours ago

Reliance Industries stock down after consolidation of media, distribution business announcement

However, shares of the three consolidated companies namely Hathway Cable & Datacom, Den Networks and TV18 Broadcast traded in the green gaining up to 20 per cent.

published : 20 hours ago

Sensex down over 245 points in opening deals in line with Asian peers

Analysts said worries persist over rising death toll and the economic fallout from the novel coronavirus.

published : 21 hours ago