Sensex snaps 4-day losing streak, gains 429 points to close at 41,323; Nifty above 12,100

NEW DELHI: After falling for four consecutive sessions, equity indices on Wednesday ended in green with benchmark BSE sensex rising over 400 points led by gains in financial, telecom stocks. The 30-share BSE index closed 428.62 points or 1.05 per cent higher at 41,323. While, the broader NSE Nifty surged 137.80 points or 1.15 per […]

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Sunil Mittal, Kumar Mangalam Birla meet finance minister to press for relief

NEW DELHI: Airtel chairman Sunil Mittal and Vodafone Idea chief Kumar Mangalam Birla on Wednesday met finance minister Nirmala Sitharaman to apprise her about the current stressed state of affairs in the telecom sector due to huge AGR payment and are learnt to have sought relief for sustenance. “We are responding to the Supreme Court […]

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Subramanian Swamy: GST ‘biggest madness of the 21st century’ | India Business News

HYDERABAD: Describing India’s latest tax reform GST (goods and service tax) as “the biggest madness of the 21st century,” BJP leader and Rajya Sabha MP Subramanian Swamy on Wednesday said that the country needs to grow at 10 per cent per annum to become a superpower by 2030. He also demanded that former Prime Minister, […]

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Coronavirus outbreak to hit global growth; to have limited impact on India: RBI governor

NEW DELHI: The coronavirus outbreak will have a limited impact on India but the global GDP (gross domestic product) and trade will definitely get affected due to the large size of the Chinese economy, RBI (Reserve Bank of India) governor Shaktikanta Das said. Only a couple of sectors in India are likely to see some […]

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If Vodafone Idea disconnects, India picks up the bill

NEW DELHI: India faces a multi-billion-dollar hit to its economy and a tarnished reputation as a place for multinationals to invest unless it can keep Vodafone Idea in business. Vodafone Idea, a joint venture between Britain’s Vodafone Group Plc and India’s Idea Cellular, is the most vulnerable of the mobile carriers ordered on Friday to […]

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suzuki burgman street: 2020 Suzuki Burgman Street launched at Rs 77,900

NEW DELHI: Suzuki Motorcycle India on Monday launched the BSVI-compliant Burgman Street with BSVI-compliant engine and updated features at Rs 77,900 (ex-showroom, Delhi). With all-aluminum four-stroke, single-cylinder, 124cc engine, the Burgman Street BSVI comes with fuel injection engine technology enabling easy start even in cold conditions, smooth power delivery and optimum combustion efficiency. Supported by […]

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Tata Elxsi partners Tata Motors for unified connected vehicle platform development

NEW DELHI: Design and technology services firm Tata Elxsi on Monday announced partnership with group firm Tata Motors for developing a unified connected vehicle platform. The partnership will aid Tata Motors, which is in the process of offering connected vehicle feature as a key differentiator to most of its BS-VI range of passenger and commercial […]

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Tata Power plans to have 700 EV charging stations by 2021

MUMBAI: Tata Power is planning to increase its network of electric vehicle charging stations to 700 by next year, a top company official said. The company has already installed 100 fast charging stations in various cities, including Delhi, Mumbai, Bengaluru, Pune and Hyderabad, which it plans to take to 300 by March 2020. “We are […]

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Coronavirus outbreak: Government mulls export ban on 12 essential drugs

NEW DELHI: Around 12 medicines — mainly antibiotics, vitamins and hormones — may face export restrictions soon as the government explores measures to ensure there is no shortage of essential drugs in India due to the lockdown in China’s Hubei’s province, the epicentre of the coronavirus outbreak and also a major supplier of raw material […]

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