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Thursday, February 22, 2018

Business

Future Group Aims To Grow Fashion Business To Rs 12,000 Crore

Kolkata, Jun 24 (PTI) Future Group, which runs retail stores across the country under various formats, wishes to grow its fashion business to Rs 12,000 crore in the current fiscal. "Revenue from the fashion business is targeted to touch Rs 12,000 crore in the current financial year. Out of which Rs 3500 crore will come from the revenues of Central, a...

OMFED Goes Online, Products To Be Delivered At Doorstep In Odisha

Bhubaneswar: Good news for OMFED customers in Odisha as their favourite milk products will be now made delivered at their doorstep just at the click of the mouse. The OMFED has inked an MoU with e-commerce Grozip on October 31 for digital marketing of all OMFED products for home delivery to its large number of customers and especially for...

WEF 2014: India to create 100 mn jobs in manufacturing, says Sharma

Davos: India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of GDP to 25 percent from 16 percent, Commerce and Industry Minister Anand Sharma said. Sharma is here for the World Economic Forum (WEF) annual meet where he would also have interactions with top executives of large companies from...

Global Fall: Sensex Drops Below 34K, Nifty Loses Over 1.5%

Mumbai(PTI): Stocks suffered heavy losses in opening trade with the BSE Sensex dropping below the 34,000- mark by slumping about 564 points and Nifty sinking over 1.6 per cent on widespread sell-off triggered by a rout in global equity markets. The BSE 30-share barometer dived 563.51 points, or 1.63 per cent, to 33,849.65, wiping out its gains of 330.45 points...

Nalco Moots 2 Joint Ventures With US, Russian Companies In Odisha

Bhubaneswar: The public sector aluminium major National Aluminium Company Limited (NALCO) has planned to set up two new joint ventures (JVs), one with US-based Almex and another with Rusal of Russia at the upcoming Angul Aluminium Park in Odisha, informed a senior company official. The two new projects in pipeline will manufacture special grade aluminium to be used in metro...

3 Top Bureaucrats From Odisha Find Top Berths In CPSUs

New Delhi & Bhubaneswar: Two former top mandarins of the state administration Jugal Kishore Mohapatra and Chinmaya Basu have found berths in two different Public Sector Undertakings(PSUs) as Independent Directors. While former Chief Secretary of Odisha, Jugal Kishore Mohapatra has been appointed as the Independent Director of National Hydro Power Corporation(NHPC), another Odisha cadre top babu Chinmaya Basu has been...

Rupee declines 13 paise against American currency

The rupee depreciated 13 paise at Rs 66.32 against the USD at the Inter-bank Foreign Exchange on month-end demand for the American currency from importers amid capital outflows. Yesterday, rupee closed at Rs 66.19, up by 2 paise. Forex dealers stated month-end demand for the US currency from importers mainly weighed, but the dollar's weakness against other currencies overseas and a higher opening of...

Sensex Opens In Green On Value-Buying, Climbs 470 Points

Mumbai(PTI): The benchmark Sensex rose by over 470 points in opening trade today, breaking its six-session long losing streak on value-buying in select blue-chips by domestic investors triggered by a recovery in global markets. The 30-share BSE index gained 470.39 points, or 1.37 per cent, at 34,666.33 in opening trade. Also, the NSE Nifty rose by 115.75 points, or 1.10...

‘Drone Sale To India Would Cement Bilateral Ties With US’

Washington (PTI): The US decision to sell 22 Sea Guardian drones to India at an estimated cost of USD 2 billion will create around 2,000 jobs in the US and "cement" bilateral ties, an American executive involved in the deal has said. "This should be viewed as a significant step in cementing the US-India bilateral defence relationship," Vivek Lall, chief executive...

SC agrees to hear SEBI’s plea against Sahara Group on Feb 2

The Supreme Court today agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money by the beleaguered Sahara Group, whose chief Subrata Roy has been in jail since March 2014. "We will hear it at 3.30 pm on February 2," a bench headed by Chief Justice T S...

Odisha Gets Rs 2 Lakh Crore Investment Commitments From 74 Companies

Bhubaneswar (PTI): The Odisha government has received investment commitments worth more than Rs 2 lakh crore from 74 companies in various sectors, including electronics, food processing, metals and minerals. "Last year, we had signed memorandum of understanding (MoUs) worth Rs 3.6 lakh crore with 124 companies during Make in Odisha Conclave in Bhubaneswar, Odisha Investors' Meet in Bengaluru, and 'Make in...

Sensex Hits New Peak At 35,664.01, Nifty At 10,926.45

Mumbai(PTI): The key stock indices Sensex and Nifty jumped to new highs in early session on foreign fund inflows and persistent buying in bluechips like RIL that posted better-than-expected quarterly earnings. The 30-share index rose by 152.43 points, or 0.42 per cent, to hit a new high of 35,664.01, surpassing its previous intra-day record of 35,542.17 hit on Friday (January...

Sensex Recovers 157 Points, Nifty Above 10,400-Mark

Mumbai(PTI): Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets. The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index...

Sensex gains for 2nd day on strong global cues, short-covering

Mumbai: Markets rose for the second straight session as the benchmark BSE Sensex on Tuesday gained over 45 points in a volatile trade to close at 26,079.48, led by gains in auto and banking stocks and a positive global trend. Covering-up of short positions by speculators ahead of the December month expiry in the derivatives space accelerated the gains, traders said. Sentiment...