Business
Housing Sales Rise 50% in 2018, but Liquidity Crunch Limits Recovery
The real estate sector saw a near 50 per cent surge in housing sales in 2018 across major cities but, year-end liquidity crisis dashed hopes of a strong growth.
Slap Heavy Penalties on Unruly Airline Staff, Says Parliamentary Panel
According to the parliamentary panel, training given to airlines staff should be more effective, intensive and thorough as India is the fastest growing aviation market in the world.
GST Council Meet Begins Amid Hopes of Pre-Poll Bonanza; All Eyes on Prices of AC, TV, Digital Cameras
Days before the meeting, PM Modi heightened hopes of a rate cut, saying his government wants to ensure that '99 per cent things' attract sub-18 per cent GST slab.
Niti Aayog to Replace MSP with Crop Auction at Reserve Price, Pitches for Agri Tribunal
In its 'Strategy for New India@75' document released by Finance Minister Arun Jaitley, the Aayog suggested many reform measures to increase the farm sector growth and double farmers' income by 2022.
Market Rises for 7th Session Amid Easing Crude Prices, Firm Rupee
Besides, the Reserve Bank's decision on Tuesday to increase liquidity infusion by Rs 10,000 crore to Rs 50,000 crore in December buoyed sentiment.
Sensex Rises Over 100 pts on Firm Rupee, Falling Crude Prices
The benchmark BSE Sensex advanced over 100 points in early trade on Wednesday on gains in bluechips like Maruti Suzuki, SBI, Tata Steel and ITC amid rising rupee and tumbling crude prices.
Thyssenkrupp Steel Boss Goss to Lead Joint Venture with Tata Steel
Andreas Goss, the head of Thyssenkrupp's steel division, will become the chief executive of the entity, which will be Europe's second-largest steelmaker after ArcelorMittal.
Rupee Skids 22 Paise to 71.90 Against US Dollar
Forex traders said the rupee came under pressure following strengthening of the dollar against major currencies overseas, while caution prevailed amid the RBI's central board meeting under new Governor Shaktikanta Das.
Govt Approves REC Take Over by Power Finance Corp
The government did not disclose the price of the 52.63 percent stake but based on REC's closing share price on Thursday, it would be worth around 108 billion rupees.
Jolt in Markets as Sensex Plunges By Over 550 points, Nifty at 10,600
The BSE Sensex plunged 572.28 points, or 1.59 per cent, to close at 35,312.13. Similarly, the broader NSE Nifty fell 181.75 points, or 1.69 per cent, to 10,601.15.
These Are The 10 Best Companies to Work For in 2019
“In today’s tight labor market, job seekers are in the driver’s seat when it comes to deciding where to work and they want to know the inner workings of a company before accepting a new job,” Andrew Chamberlain, Glassdoor chief economist, said in a statem...
IL&FS Investment Managers' Board Appoints 2 New Additional Directors
Kishore and Modak have been appointed to the board in the capacity of nominee directors of Infrastructure Leasing & Financial Service.
Sensex Drops Over 100 Points on Weak Global Cues, Rising Crude Prices
The 30-share index was trading 133.27 points, or 0.37 per cent, lower at 36,107.73 at 0945 hrs. The index had closed with a marginal gain of 47 points at 36,241 Monday.
Financial Turbulence: Jet Airways to Opt Out of Seven Gulf Routes
The Naresh Goyal-controlled airline will not operate as many as 39 services per week to Doha, Muscat, Abu Dhabi and Dubai from various domestic cities, he said.
Nasscom Raises Concerns Over US Govt's Latest Move on H1-B Visa
The IT industry body, in a statement, said it will carefully review the 139-page proposal and evaluate its implications for US companies and the economy, and then submit comments.
Govt-nominee on RBI Board Wants Cos to List Manufacturing Cost With MRP
Satish Marathe said it is high time that apart from printing MRP on products, companies should also start giving the (manufacturing) cost of products. Only then, will we really know the margins of profit.