Business

Jet Airways says cooperating with forensic audit

Tuesday, 18 December 2018 08:24
Financially strained Jet Airways on Monday said a Forensic Audit is being conducted by state-owned lender State Bank of India on specific transactions of the company and it is cooperating with the same. The statement comes after the state owned-lender…

Qatar commits USD 500 million to UN, signs multi-year agreements

Monday, 17 December 2018 10:21
Qatar announced a series of agreements with the United Nations that is to see $500 million injected into UN programmes over the next few years. Qatari Deputy Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani and Secretary General…

Global cues to dictate equity indices, rupee’s trend

Sunday, 16 December 2018 12:28
Global cues such as caution ahead of a US interest-rate decision as well as developments surrounding international trade tensions are expected to determine the trajectory of major domestic equity indices. “It is expected that the market would continue to track…

Nasscom ties up with IIT-Madras for skill development

Sunday, 16 December 2018 09:27
IT industry body Nasscom on Saturday announced a partnership with the Indian Institute of Technology (IIT) Madras for reskilling students and employees in the Information Technology sector and IT-enabled Services (ITeS). The partnership is aimed at building an able workforce…

ED attaches assets of Dabur Director, Emmar MGF MD

Sunday, 16 December 2018 09:07
The Enforcement Directorate (ED) on Saturday said it has seized assets worth Rs 20.87 crore of Dabur India Director Pradip Burman and properties worth Rs 10.28 crore of Emmar MGF Managing Director Shravan Gupta, for holding assets abroad. The Directorate…

‘Yes-man Das’ dangerous as RBI Governor, warns Shiv Sena

Saturday, 15 December 2018 16:33
In a no-holds-barred assault, the Shiv Sena here on Saturday termed the appointment of new Reserve Bank of India (RBI) Governor Shaktikanta Das as “dangerous” with a potential to unleash ‘financial terror’ in the country. “The (BJP) government does not…

Musk hints at Boring Company’s first tunnel launch in US

Saturday, 15 December 2018 16:32
Billionaire Elon Musk on Saturday tweeted a photograph with “The Boring Company” and “December 18” on it, indicating that his infrastructure and tunnel construction firm is set to launch its first tunnel under Los Angeles in the US. Boring Company…

Wall Street collapses, S&P 500 ends at lowest since April

Saturday, 15 December 2018 11:47
US stocks fell sharply on Friday as investors grew concerns over a possible slowdown of the global economy and a slew of corporate news. The Dow Jones Industrial Average was down 496.87 points, or 2.02 percent, to 24,100.51. The S&P…

India Post launches e-commerce portal

Saturday, 15 December 2018 09:05
Communications Minister Manoj Sinha on Friday launched the e-commerce portal of the Department of Posts providing an online market place to rural artisans and public sector units to sell their products. “The primary objective is to provide a medium to…

Don’t make farm loan waivers part of poll promises: Rajan

Saturday, 15 December 2018 09:03
Eschew loan waivers that divert resources from much needed investment in India, says a report prepared by 13 noted economists, including former RBI Governor Raghuram Rajan, which was released here on Friday. Releasing the report titled “An Economic Strategy for…