Equity benchmark indices declined in initial trade on Wednesday, falling for the third day running, amid weak trends in IT counters and foreign fund outflows. Weak trends in global markets also added to the negative sentiments. The 30-share BSE Sensex fell 168.88 points to 59,558.13. The broader NSE Nifty declined 48.35 points to 17,611.80. Among [...]
The cultivation of rubber contributed to stamping out militancy and insurgency in the north eastern region of India and provided financial security to the people there, Minister of Commerce and Industry Piyush Goyal said on Tuesday. The Union Minister said that under the leadership of Prime Minister Narendra Modi, the Central government has been supporting [...]
Popular ice cream brand Baskin Robbins, operated by the Graviss Group, has planned to open about four to six parlours in the city every year and another 100 stores across the country this year, a top official said on Tuesday. The company currently has 16 parlours in Chennai. Witnessing a strong demand, the company has [...]
Shares of Tata Coffee Limited closed today at a price of Rs 207.50 showing an upside of around 0.4 percent in comparison to the previous closing price of Rs 206.80. In the last 1 month period, the stock has gained about 2 percent ranging from Rs 203 to the current price levels. The company, today, [...]
The Bombay High Court on Tuesday rebuked the Serious Fraud Investigation Office (SFIO) for not completing its probe against Jet Airways founder Naresh Goyal and his wife in a case of an alleged Rs 7,000 crore fraud. A division bench of Justices Revati Mohite Dere and Sharmila Deshmukh expressed displeasure about the tardy pace of [...]
India's overall gem and jewellery exports grew marginally by 2.48 per cent to Rs 3,00,462.52 crore (USD 37,468.66 million) in 2022-23 due to global challenges like inflation, the Russia-Ukraine war and the lockdown in China for almost six months, GJEPC said on Tuesday. The total gem and jewellery exports during 2021-22 stood at Rs 2,93,193.19 [...]
Co-working operator Awfis has taken on lease 1.74 lakh square feet of office space in Pune from realty firm Nyati Group amid rising demand for flexible workspace from corporates. In a statement, Awfis said it has entered into a strategic leasing partnership with realty firm Nyati Group to open new facilities in Pune. Through this [...]
Public sector Indian Bank has signed a memorandum of understanding with the Tamil Nadu e-Governance Agency, the city-headquartered bank said on Tuesday. The agreement is to integrate the Indian Bank Payment Aggregator platform with the e-Governance Applications of various departments in Tamil Nadu. "With this MoU, all government departments can avail plug and play platform [...]
The Singapore Exchange on Tuesday said NSE IFSC-SGX Connect at International Financial Service Center in GIFT City will become operational on July 3 after the transition of SGX Nifty derivatives to NSE IFSC. The move will enable investors to trade in dollar-denominated Nifty futures contracts available on the SGX in Gujarat International Finance Tec-City or [...]
India’s biggest software companies Tata Consultancy Services (TCS) and Infosys which together make up 11 percent of the Nifty 50 index failed analysts on the March quarter front. TCS missed expectations, while Infosys delivered a shocker. Both companies missed analyst estimates in the quarterly profit as they cut-down spending on technology to prepare for a [...]
