Business Companies Industries Market

Exports rise but trade deficit widens to $17 billion cause alarm

Exports bounced back in October after a contraction in September, as engineering goods, pharmaceutical and chemical shipments picked up pace.  However, this didn’t prevent trade deficit from widening, as crude oil bill continued to shoot up. Outbound trade rose by 17.86 per cent in October to $26.98 billion. In September, exports had declined for the Read More…

Environment Industries Life Style National

No Bharat Stage IV vehicles to be sold from 1st April 2020 : Supreme Court

The Supreme Court Wednesday said that no Bharat Stage IV vehicle shall be sold across the country with effect from April 1, 2020. The Bharat stage emission standards are standards instituted by the government to regulate output of air pollutants from motor vehicles.  The Bharat Stage VI (or BS-VI) emission norm would come into force Read More…

Business Companies Industries Market

Super bumper Diwali harvest for E malls Portals

Diwali has come early for e-tailers like Amazon and Flipkart whose Great Indian Festival and Big Billion Days Sales got over recently. With the 5-day long sale fst, both Amazon and Flipkart have amassed a whopping Rs 15,000 crore.  RedSeer Consulting in its report said e-tailers had a better “sales performance over the five festive Read More…

Companies Industries Market

Investor wealth eroded by Rs 2.69 trillion ; 370 scrips hit their 52-week lows on BSE

Investor wealth eroded by Rs 2.69 trillion Thursday hit hard by massive sell-off in the equity market where the BSE benchmark index plummeted over 1,000 points in intra-day trade. Following the weak show by equities, the market capitalisation (m-cap) of BSE-listed companies witnessed an erosion of Rs 2.69 trillion to Rs 1.5 trillion. “Indian stock Read More…

Industries Market National

Rupee hit 74.39 amid Concern over fiscal deficit and rising current account deficit.

The unabated outflow of foreign funds continues to pinch Indian rupee, as domestic currency slumped by 33 paise to finish at a fresh lifetime low of 74.39 against the US dollar  on Tuesday. This is the six consecutive fall for the rupee against US dollar Earlier in the day, the domestic currency erased all its Read More…

Industries Life Style North India

Nine dead and 14 Critical in Bhilai Plant Blast

Till now   nine people were reported dead Tuesday following a blast at the Bhilai Steel Plant in Chhattisgarh, located some 32 kilometres from Raipur. The blast was sudden and people working there had no time to escape. The Bhilai plant, operated by SAIL, produces a range of products, including rails. District collector visited hospital Read More…

Business Industries Market National Technology

WhatsApp adheres RBI Circular for Payment data localisation policy.

Mobile messaging platform WhatsApp Tuesday said it has built a system that stores payments-related data in India, in line with RBI’s data localisation policy.  The Reserve Bank of India (RBI), in a circular in April, had said all system providers will have to ensure that the entire data relating to payment systems operated by them Read More…

Companies Industries Legal Technology

Mobile Companies Instructed to submit plan to discontinue Aadhar based eKYC

The Supreme Court, last week, struck down Section 57 of the Aadhaar Act, which allowed private companies to use the 12-digit biometric ID-based eKYC.  Days after the Supreme Court imposed curbs on the use of Aadhaar, biometric-issuing authority UIDAI Monday asked telecom companies to submit, within the next 15 days, a plan to stop using Read More…

America Business Industries Women

Indian Origin USA Citizen Gita appointed Chief Economist in IMF

The International Monetary Fund (IMF) on Monday appointed Indian-origin Harvard University professor Gita Gopinath as its new chief economist. “International Monetary Fund (IMF) Managing Director Christine Lagarde appointed Gita Gopinath on Monday as Economic Counsellor and Director of the IMF’s Research Department,” IMF said in a statement. “Gita is one of the world’s outstanding economists, Read More…

Industries National Politics Voice

Another pact with Russian arms firm by Reliance when Modi visited Moscow during dec 2015

Will the opposition in India also  include Reliance Defence announcement  on Thursday 24th dec 2015 that it had signed a manufacturing and maintenance deal potentially worth $6 billion with Russia’s Almaz-Antey, the maker of an air defence system  is a point  been pondered with . It is important to note Prime Minister Narendra Modi on Read More…

Europe Industries Space

44th flight of the PSLV launched

After 33-hour countdown, India’s premier space agency ISRO launched two commercial satellites from Sri Harikota on Sunday. The British satellites  NovaSAR and S1-4  together weighing about  889 kilograms were launched at 10.08 PM. The foreign satellites, meant for forest mapping and flood and disaster monitoring, among other uses, would be released into sun synchronous orbit Read More…

Industries Life Style Market Technology

80 Electric buses to bengaluru from October 2018 : Olectra Greentech

Olectra Greetech (formerly Goldstone Infratech Ltd) manufactures electric buses in technical collaboration with Chinese electric vehicle giant BYD Auto Industry Co Ltd. It has set up a plant in Hyderabad to assemble electric buses. Olectra Greentech Ltd said on Wednesday that it is ready to supply electric buses to BMTC. The company is waiting for Read More…

Business Industries

SBI teams up with Reliance

Mrutyunjay Mahapatra, deputy managing director (strategy) and chief digital officer, SBI, and Alok Agarwal, chief financial officer, RIL, exchanging the signed MoU to deepen digital partnership, in the presence of Rajnish Kumar, chairman, SBI, and Mukesh Ambani, chairman and managing director, RIL, in Mumbai. State Bank and Reliance Jio, which are partners in a payment Read More…