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Tuesday, August 22, 2017

Business

Rupee strengthened 17 paise against US dollar

The rupee gains 17 paise to 63.65 against the dollar in early trade at the Interbank Foreign Exchange on Thursday on fresh selling of the US currency by exporters and banks amid a higher opening in the equity market. Forex dealers said besides selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas supported the rupee. The domestic currency had lost 15 paise...

AirAsia India’s new flights from New Delhi to Bengaluru, Goa and Guwahati from Thursday

Low-cost carrier AirAsia India on Wednesday said its new flights from New Delhi to Bengaluru, Goa and Guwahati will be operational from Thursday. AirAsia India is offering an all-inclusive promotional fare, as low as Rs 1,700, for flights from New Delhi to Bengaluru and Goa and Rs 1,500 from New Delhi to Guwahati and vice versa.   The LCC's CEO Mittu Chandilya says the...

Sensex surges 61 points in early trade

The benchmark BSE Sensex on Thursday gained 61 points in early trade, extending Wednesday's gains on increased capital inflows amid a mixed trend in global markets. The 30-share index advanced 61.21 points, or 0.21 per cent, to 27,898.42, with consumer durables, capital goods, IT, PSU and technology sector stocks leading the rise. Similarly, the broader NSE Nifty moved up 23.10 points, 0.27 per cent, to 8,446.35. Brokers...

BSE Sensex gains 206 pts, Nifty above 8,400 mark

The benchmark BSE Sensex raised 206 points and the NSE Nifty reclaimed the 8,400-mark in early trade on Wednesday on across-the-board buying by funds and retail investors amid a mixed trend in other Asian markets. The 30-share index, which had lost 41.77 points in the previous volatile session, recovered 206.93 points, or 0.74 per cent, to 27,852.56, with power, banking, realty, oil & gas, technology and IT...

All New ‘GenX Nano’ Launched By Tata Motors

Repositioned as a smart city car, the GenX Nano is pitted against the market leaders in the entry-level hatchback segment such as Maruti Alto and Hyundai Eon. Tata Motors, whose world-renowned Nano has been struggling for quite some time, today launched all-new version of the entry-level car priced up to Rs 2.99 lakh that sports an array of features, including...

More 2000 Branches of IDBI Bank launched by the end of current financial year

On the launch of two new branches of IDBI Bank in Goa, Deputy managing director said that IDBI Bank aims to develop its branches across India to 2000 by the end of the current financial year (Apr-Mar). The bank is due to announce its financial results for 2014-15 on May 26. Currently, the bank has a little over 1,700 branches. "The economic cycle...

Fighter Aircraft Sukhoi-30 crashes in Assam, Pilots Ejected Safely

Fighter Aircraft Sukhoi-30 crashes in Assam, Pilots Ejected Safely
Sukhoi-30, a fighter aircraft has crashed today at Laokhowa in Nagaon district of Assam but the pilots have ejected safely from the aircraft. The aircraft was flying from Tezpur's Salanibari Air Force station on a routine sortie while it lost the contact with the radar at the air force station at around 12.30pm and crashed thereafter. A defence person informed about the crash. He also...

BJP never in support of permitting FDI in multi-brand retail, told Arun Jaitley

 Arun Jaitley said that BJP was “never” in favour of allowing foreign direct investment (FDI) in multi-brand retail and a recent government notification only published the extant policy on it. “Let’s be very clear. What the DIPP (department of industrial policy and promotion) did was publish the existing policy and so far what was decided by the UPA is continuing,...

Tata Motors launched its Gen X Nano in seven colours, have 110 litre of luggage space

Tata Motors launched its Gen X Nano. The move is a turning point in the history of the people's car. The car's basic model is priced at Rs 1, 99,000 ex-showrooms (Delhi). The price of other variants goes up to Rs 2,89, 000.   The Gen X Nano facilitates easy shift automated manual transmission with creep mode. This will help the driver in heavy...

Today, Special court will deliver order on RSPL

On Tuesday, special court here will deliver its order on the issue of the framing of charges in a coal block allocation case involving Rathi Steel and Power Limited (RSPL) and its three officials.   The case pertains to alleged irregularities committed during the allocation of the Kesla North coal block in Chhattisgarh to RSPL.   The CBI has charge sheeted RSPL CEO Udit Rathi, managing director Pradeep Rathi and assistant...

Out of 100, 12 Shopping Malls running profitably in Delhi: Property Consultant JLL India

Hardly 12 shopping malls out of 100 operational shopping malls in the national capital are running successfully even as the region is the ‘mall capital of India’, according to property consultant JLL India. Comparatively, Mumbai has about 45 malls and out of which 10-15 are good performing malls. The top seven cities of India– Delhi, Mumbai, Pune, Bangalore, Kolkata, Chennai and...

Sensex declines 75 points in early trade

The benchmark BSE Sensex fell over 75 points in early trade today as stocks of oil&gas, PSU, metal, healthcare and banking companies succumbed to profit-booking after two sessions of gains. The 30-share index declined by 75.33 points or 0.27 per cent to 27,611.97. In the previous two sessions, the gauge gained 481.24 points. Similarly, the NSE Nifty edged down by 30.85 points or...

Government sanctioned proposals for setting up 30 new cold chains in the country

The government on Monday sanctioned proposals for setting up 30 new cold chains in the country with a total investment of over Rs 744 crore. The ministry of food processing industries will provide Rs 274.9 crore as grant-in-aid for these projects while remaining Rs 470 crore would be generated as additional investment. "These projects will help in a big way in reducing the wastage of...

Rupee falls 6 paise against US dollar

The Indian rupee declined six paise against US dollar to 63.57, after resuming strong in line with rally in local equities, against the greenback in late morning deals following US dollar demand from importers. Capital outflows, in small lots, also weighed on the rupee while rally in local stocks restricted the rupee fall to some extent, a forex dealer said. At the Interbank...