Business
Amit Shah chairs Western Zonal Council meet in Panaji
Panaji, Aug 22 (IANS) The Western Zonal Council of India chaired by Union Home Minister Amit Shah and comprising of representatives of Gujarat, Maharashtra, Goa and the Union Territories of Daman, Diu and Dadra Nagar…
Sensex tanks 578 pts, as stimulus hopes fade
Mumbai, Aug 22 (IANS) The Sensex and Nifty on Thursday came under heavy selling pressure over fading hopes of a stimulus to revive economic growth. Chief Economic Advisor (CEA) K. Subramanian at a summit in…
UAE’s KIZAD inks deal with Indian plastic makers body
Abu Dhabi, Aug 22 (IANS) Ahead of Prime Minister Narendra Modi’s visit to the UAE, Abu Dhabi Ports subsidiary Khalifa Industrial Zone Abu Dhabi (KIZAD) has signed a strategic agreement with the All India Plastics…
Chinese hackers steal 68 lakh records from Indian healthcare site
New Delhi, Aug 22 (IANS) In a startling revelation, US-based cyber security firm FireEye said on Thursday that China-based hackers broke into a leading Indian healthcare website, stealing 68 lakh records containing key patient and…
ALERT: Sharp sell-off in Indian markets, Sensex tanks 650 points
Amazon launches largest delivery station in Tamil Nadu
Chennai, Aug 22 (IANS) E-commerce giant Amazon which has doubled its last mile delivery network in Tamil Nadu on Thursday announced the launch of its largest “delivery station” in the state. Located in Chennai, the…
UAE will be first Middle East country to issue RuPay card
Abu Dhabi, Aug 22 (IANS) The UAE will be the first country in the Middle East to witness the launch of the RuPay card, “an Indian indigenous equivalent of Mastercard or Visa”, during the visit…
Oberoi Realty shares drop after I-T search operations
Mumbai, Aug 22 (IANS) Oberoi Realty shares on Thursday tumbled nearly 6 per cent owing to the ongoing search and seizure operations by the Income Tax authorities at the company. At 2.40 p.m., the company’s…
Pratik Pal appointed CEO of Tata Digital
Mumbai, Aug 22 (IAMS) Tata Sons on Thursday announced the appointment of Pratik Pal as the CEO of Tata Digital. With effect from August 21, “Pal will head the new entity which has been formed…
Economy doesn’t need fiscal stimulus to tackle slowdown: CEA
New Delhi, Aug 22 (IANS) Chief Economic Advisor (CEA) K. Subramanian on Thursday said the Indian economy does not need a fiscal stimulus to tackle the ongoing economic slowdown. Speaking at the Hero Mindmine Summit…
Kashmiri apple growers, bat makers face massive losses
Srinagar, Aug 22 (IANS) Continuous lockdown in Jammu and Kashmir is having a big impact on apple farming in the Valley. With the harvesting season just round the corner, Kashmiri apple growers are a worried…
Gurugram’s unsold housing stock up 10% in 2 years: Anarock
New Delhi, Aug 22 (IANS) Unsold housing inventory in Gurugram rose over 10 per cent during the last two years, in contrast to a decline in stocks in other parts of the National Capital Region…
‘Centre to complement RBI’s efforts to beat slowdown’
By Nirbhay Kumar New Delhi, Aug 22 (IANS) The government is expected to take policy measures to complement Reserve Bank of India’s rate cut for reversing the slowdown in economy, NITI Aayog Vice Chairman Rajiv…
Netflix-led OTT platforms threaten cable TV in India: Report
Mumbai, Aug 22 (IANS) Netflix and other over-the-top (OTT) platforms are slowly but steadily eating the cable TV business, a new KPMG report has said, adding that there was a decline of nearly 12-15 million…
Sensex down 170 points, Yes Bank sheds 5%
Mumbai, Aug 22 (IANS) In the absence of any positive development and concerns over the damaging slowdown in the domestic economy, the markets continued to trade lower on Thursday. Yes Bank fell over 5 per…
DLF tanks 20% on Supreme Court notice
Mumbai, Aug 22 (IANS) DLF fell over 20 per cent on the BSE during the early trade on Thursday following reports that the Supreme Court has issued a notice to the company for suppressing key…
Karnataka preparing policy to regulate tech innovation
Bengaluru, Aug 22 (IANS) The Karnataka government is drafting a policy to regulate innovation in technology and address the new age challenges with a sound legal framework, a top official said on Wednesday. “Our IT…
What caused RBI to shift from convention on rate cut
Mumbai, Aug 22 (IANS) The Reserve Bank of India had raised quite a few eyebrows when it announced an unconventional 35 basis points rate cut during its bi-monthly policy meet earlier this month. RBI Governor…
Tribunal stays withdrawal of Karnataka iron ore mine lease
New Delhi, Aug 21 (IANS) The Mines Tribunal has stayed the Karanatka government’s order to withdraw the extension of mining lease of Donimalai Iron Ore Mine. The order will prohibit the state government to take…