New Delhi: His statement comes just days after Union Finance Minister Nirmala Sitharaman said that another round of stimulus is not off the table for the government. Calling for special emphasis on short gestation projects, the NITI Aayog Vice Chairman also said that productivity enhancing measures are required to boost...
Bank credit up 5.66 pc, deposits rise 10.55 pc: RBI data
New Delhi: In the fortnight ended October 11, 2019, bank credit had stood at Rs 97.89 lakh crore and deposits at Rs 129.38 lakh crore. In the previous fortnight ended September 25, 2020, bank credit had grown by 5.15 per cent to Rs 102.72 lakh crore and deposits rose by...
Adidas to sell Reebok business: report
London: Adidas plans to complete the sale by March 2021, the magazine said, without citing where it obtained the information. The report said that Adidas had written down the book value of Reebok by nearly half to 842 million euros ($995 million) since 2018 but did not specify a possible sale...
IndiGo considers buying freighters, aims to haul cargo globally
New Delhi: Industry insiders told that the airline is evaluating a proposal to add freighter aircraft, which will help the company expand cargo services to China, Singapore and Malaysia in the near future. The move to haul more cargo via freighters assumes significance as the segment has seen a massive...
Sensex falls 148.82 pts
Mumbai: Snapping a winning streak of last four sessions, the BSE Sensex on Thursday dropped by 148.82 pts at 40,558.49 as selling was seen in IT, Bankex, Health Care and Auto stocks. The Nifty of national stock exchange too fell by 41.20 pts at 11,896.45. Rallied by 976 pts in...
Bajaj Auto net profit dips 22 pc to Rs 1,194 cr in Sept quarter
New Delhi: The two-wheeler major had posted a net profit of Rs 1,523.31 crore in the July-september period of previous fiscal. The company's revenue from operations declined to Rs 7,155.86 crore during the period under review as compared with Rs 7,707.32 crore in the year-ago period, Bajaj Auto said in...
Sensex surges 162.94 pts
Mumbai: The equity market remained firm for the fourth consecutive session on Wednesday, as the BSE Sensex rallied by 162.94 pts at 40,707.31 at close following gains in Realty, Telecom, Power, Finance and Materials stocks. The Nifty of national stock exchange too rose by 40.85 pts at 11,937.65. Inspite of...
OMCs hold petrol, diesel prices as global oil market remains subdued
Oil marketing companies (OMC) kept petrol and diesel prices unchanged across the four metros on Tuesday as global oil prices remained subdued and product prices remained steady. Petrol prices have been unchanged for 28 days at a stretch while diesel prices were the same for the 18 consecutive days. Price...
7-day festive sales set to break all records
New Delhi: With the one-week festive sales in the Covid-hit year set for grand finale on October 21, the online retailers and e-commerce marketplaces have seen a massive shopping surge coming from small-town India and into newer categories. According to industry experts, the momentum is at an all-time high and...
Centre looks at PSUs for higher dividends
New Delhi: As the revenues earned by the Central government have dried up, it wants cash-rich public sector undertakings (PSUs) to declare higher dividends this year to reward its shareholders during the ongoing Covid-19 pandemic. Official sources said PSUs with stock prices higher than the book value and having sufficient...