Business and Economy

Wednesday, April 24, 2019Gangavaram Port provides drinking water to nearby villages under CSR prog

Visakhapatnam, Apr 24 (UNI) Gangavaram Port Limited (GPL) has provided free drinking water to nearby villages of Yathapalem, Sri Nagar rehabilitated colonies and Gangavaram.

This is a part of GPL Corporate Social Responsibility (CSR) program and was an initiative to address the acute drinking water shortage faced by people during summer season, the Port said in a release here on Wednesday.


Wednesday, April 24, 2019ITI asset management co launches first equity share

Mumbai, Apr 24 (UNI) ITI Mutual Fund has launched its first equity product - ITI Multi Cap Fund, a statement here said on Wednesday.
The scheme is an open ended diversified equity scheme positioned as a one stop equity investment solution.
"The fund house believes that its unique equity investment philosophy “SQL” helps to buy excellent quality growing companies stocks with reasonable margin


Wednesday, April 24, 2019Voice based virtual assistant for doctors launched

New Delhi, Apr 24 (UNI) Navia Life Care, an innovative healthcare technology startup, has launched Navi - a first voice-based virtual assistant for doctors.
Navi like any other virtual assistant is an application that can understand voice commands and complete tasks for a user but with a slight difference that separates it from the rest.

The usability offered by Navi through a single click s


Wednesday, April 24, 2019Sensex regains 39K-level, ends higher at 39,054.68 pts on back of gains in ONGC, IndusInd Bank

Mumbai, Apr 24 (UNI) Breaking the losing streak of last three
sessions, the BSE Sensex recovered on Wednesday by 489.80 points to
reclaim the 39K-level and end at 39,054.68 on strength of gains in
ONGC, IndusInd Bank, Yes Bank and Bharti Airtel.
The Nifty of National Stock Exchange (NSE) too increased by 150.20
points to 11,726.15.
The Sensex, which had slumped by 710 points in last three s


Wednesday, April 24, 2019HCL Technology up by 3.40 pc to Rs 1140.50

Mumbai, Apr 24 (UNI) HCL Technology on Wednesday rose by 3.40 percent to Rs 1140.50 to be the top gainers in the 30-share Sensex pack at the Bombay Stock Exchange (BSE).

Other gainers were ONGC by 2.90 pc to Rs 168.70, IndusInd Bank by 2.75 pc to Rs 1700.15, Yes Bank by 2.71 pc to Rs 239.15 and Bharti Airtel by 2.62 pc to Rs 324.50.

The losers were Tata Motors by 3.33 pc to Rs 223.70, Tata


Wednesday, April 24, 2019Rupee down by 25 paise against USD

Mumbai, Apr 24 (UNI) The Rupee on Wednesday slid by 25 paise to 69.87 against the US Dollars on rising demand for US Dollars by importers, dealers at Forex Market said.

In opening trade, the local unit fell by 23 paise to 69.85.
Finally, it closed negative at 69.87, sliding by 25 paise as compared to its last close.

High fluctuation was seen during the day as it registered day high and low


Wednesday, April 24, extends partnership with in lending platform

Hyderabad, Apr 24 (UNI), an MSME focused digital lending platform, extended its partnership with in the second year by integrating their lending platform with Amazon Lending Marketplace and allowing Amazon sellers to apply and monitor their loans from the Amazon Seller Dashboard itself. founded by 4 ISB ( Indian School of Business) and IIT Professionals,


Tuesday, April 23, 2019Capacit'e Infraprojects secures 2 orders aggregating Rs 342.38 cr

Mumbai, Apr 23 (UNI) Capacit'e Infraprojects Limited said that it has received two orders aggregating to Rs 342.38 crore from private sector clients for construction of commercial and residential buildings at Mumbai.
Commenting on the same, Mr Rahul Katyal, Managing Director said, 'We are delighted to add to our clientele. The repeat order further reinforces the trust which existing clients plac


Tuesday, April 23, 2019Maruti Suzuki down by 3.60 pc to Rs 7042.65

Mumbai, Apr 23 (UNI) Maruti Suzuki on Tuesday slipped by 3.60 per cent to Rs 7042.65 to be the top losers in the 30-share Sensex pack at the Bombay Stock Exchange (BSE).
Other losers were Yes Bank by 2.33 pc to Rs 232.85, IndusInd Bank by 2.18 pc to Rs 1654.60, Tata Steel by 2.15 pc to Rs 523.80 and HeroMoto Corp by 1.74 pc to Rs 2637.10.
The gainers were ONGC by 3.93 pc to Rs 163.95, Sun Pharm


Tuesday, April 23, 2019SSFB to set up 25 more branches in next 12-18 months: Babu

Hyderabad, Apr 23 (UNI) : Mumbai-based Suryoday Small Finance Bank (SSFB), one of the fastest growing small finance banks, on Tuesday announced the commencement of its banking operations in Hyderabad by launching its first bank branch here.

Addressing at a press conference, SSFB Managing Director and CEO, R Bhaskar Babu said the bank, which have 11 lakh micro finance customers across 10 states


Tuesday, April 23, 2019IEPF Authority recovers Rs 1,514 cr depositors’ money from Peerless General Finance

New Delhi, Apr 23 (UNI) In a major success, the Investor Education and Protection Fund (IEPF) Authority has been able to enforce the Peerless General Finance and Investment Company Limited to transfer deposits worth about Rs 1514 crore to IEPF.
This depositor’s money was pending with the company for the last 15 years, according to the Finance ministry statement here on Tuesday.
The matter cam


Tuesday, April 23, 2019Exhale introduces bladeless ceiling fan in Telangana, AP

Hyderabad, Apr 23 (UNI) Chennai-based Exhale Innovations Worldwide Private Limited, a Joint Venture with Exhele Fans LLC USA has entered into Telangana and Andhra Pradesh markets by introducing world’s only bladeless ceiling fan.

At present two variants of fans priced at Rs 22,600 (Non-LED) and Rs 25,960 (with LED) in eight different colours are available in the market.

Talking to media aft


Tuesday, April 23, 2019Sensex ends lower at 3-wk-low of 38,564.88 pts on 3rd day in row

Mumbai, Apr 23 (UNI) Extending losses for the third straight session
on Tuesday, the BSE Sensex fell by 80.30 points to end volatile
session at a three-week-low of 38,564.88 due to persistent sell-off
in Telecom, Auto, Power, Realty and Finance stocks amid boiling oil
prices after United States warned of sanctions on all buyers of
Iranian oil.
The Nifty of National Stock Exchange (NSE) too


Tuesday, April 23, 2019Rupee rises by 5 paise against USD

Mumbai, Apr 23 (UNI) Rupee on Tuesday rose marginally by five paise to 69.62 against the US Dollars on selling of US Dollars by exporters, dealers at the Forex Market said.

Tumbling down by 31 paise on Monday, the local unit moved up by five paise to 69.62 in opening trade and closed on the opening level only.

High fluctuation was seen during the day, as it registered day high and low at 69


Tuesday, April 23, 2019EaseMyTrip ties Liberty Gen Insurance Ltd: Zero cancellation charges on flight tickets

New Delhi, Apr 23 (UNI) EaseMyTrip, one of the leading online travel aggregators has tied-up with Liberty General Insurance Limited, one of India’s fastest growing general insurance companies, to provide its customers with a unique proposition of Zero Cancellation charges on flight tickets.
When a customer cancels a flight, a significant portion of the ticket amount is deducted as penalty by the


Tuesday, April 23, 2019Sensex falls by 80.30 pts

Mumbai, Apr 23 : The benchmark index of Bombay Stock Exchange (BSE) on Tuesday fell further by 80.30 points at 38,564.88 on oil woes.

The Nifty of National Stock Exchange (NSE) too eased by 18.50 points at 11,575.95.

The Sensex registered the day's high and low at 38,832.61 and 38,518.26 points respectively.

The Nifty registered day's high and low at 11,645.95 and 11,564.80 points, resp


Tuesday, April 23, 2019SpiceJet to launch 28 new flights connecting Mumbai & Delhi

Kolkata, Apr 23: SpiceJet today announced the launch of 28 new flights connecting the key metros of Mumbai and Delhi with other cities on its domestic network. Of these, 14 will connect Mumbai, eight will connect Delhi while the rest will connect the two metros with each other. All the new flights will be effective from April 26, the carrier said in an emailed statement.
The new flights from Mum


Tuesday, April 23, 2019Well prepared to deal with end of US waiver for importing oil from Iran: India

New Delhi, Apr 23: India is "adequately prepared" to deal with the impact of the US decision to end waiver for importing oil from Iran, the government said on Tuesday, and that it will work with other partner countries, including the US, to find "all possible ways" to protect its energy security and economic interests.

"Government has noted the announcement by the US Government to discontinue


Tuesday, April 23, 2019Rupee rises by 5 paise against USD

Mumbai, Apr 23: The Rupee on Tuesday rose marginally by five paise to 69.62 against the UD Dollar in early trade on selling of US Dollars by bankers and importers, dealers at forex market said.

With Monday's heavy loss of 31 paise, the local unit slightly improved by 5 paise at 69.62 against the greenback.
Weak dollar and rebounding equity market in early trade today attribute the rise of I


Monday, April 22, 2019Sensex cracks over 300 pts; Nifty below 11,700

Mumbai, Apr 22: The benchmark BSE Sensex cracked over 300 points in early trade Monday tracking losses in index heavyweights RIL, HDFC and ICICI Bank, amid weak global cues, sinking rupee and soaring crude oil prices.

The 30-share index was trading 309.56 points or 0.79 per cent lower at 38,830.72. The NSE Nifty too plunged to 101.80 points, or 0.87 per cent, to 11,651.

In the previous ses


Monday, April 22, 2019Rupee falls 47 paise to 69.82 against US dollar in early trade

Mumbai, Apr 22: The rupee fell sharply by 47 paise to 69.82 against the US dollar in early trade Monday on higher demand for the greenback from importers and banks.

Forex dealers said besides increased demand of the US currency from importers, lower opening of the equity markets weighed on the rupee.

The domestic unit opened lower at 69.78 against the dollar then dropped further to quote at


Sunday, April 21, 2019$5 bn required annually for municipal solid waste management through PPP mode in Indian cities: study

Kolkata, Apr 21 (UNI) An amount of US$5 billion every year is required to implement public-private partnership (PPP) model for municipal solid waste management (MSWM) in Indian cities, noted a recent ASSOCHAM-EY joint study.
The study titled, ‘The big “W” impact: effective urban waste management solutions in India,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM


Sunday, April 21, 2019Traders to support BJP in LS elections

New Delhi, Apr 21 (UNI) Confederation of All India Traders (CAIT), the apex body of business community has declared to support and vote Prime Minister Narendra Modi and the BJP in Lok Sabha Polls.
The decision was taken at a meeting of Trade Leaders of the Country held here on Saturday.
'The CAIT, apex body of business community representing 7 crore traders through more than 40 thousand trade a


Sunday, April 21, 2019Gold, foreign cigarettes worth Rs 36 lakh seized at airport, one arrested

Chennai, Apr 21: Customs officials have seized 1,063 kg gold valued at Rs 34.59 lakh and foreign cigarettes worth Rs 1.44 lakh and arrested one person at the Anna International airport here.
A release from the Office of the Commissioner of Customs said the officials have detected two cases of smuggling of gold and three cases of cigarette smuggling.
Acting on intelligence, two passengers Moham


Saturday, April 20, 2019Sugar rates steady in Kolhapur

Kolhapur, Apr 20 (UNI) The prices of M 30 and S 30 grades of sugar rates remained steady in Kolhapur sugar market at Rs 3,280/3,300 and Rs 3,180/3,200 per quintal respectively.
There was no trading in the Kolhapur gur market.
Sangli Turmeric futures market closed.


Saturday, April 20, 2019Sensex rises by 373.17 points in week ended April 18

Mumbai, Apr 20 (UNI) The Benchmark index of Bombay Stock Exchange (BSE) rose 373.17 points or 0.96pc in a truncated week under review to settle at 39,140.28,on Postive cue from global peers.
Market sentiment were also boosted after met department's forecast of near-normal monsoon.
Nifty too rose 109.35 points or 0.94 pc to settle at 11,752.80.
The BSE Mid-Cap fell 43.88 points or 0.28pc to se


Saturday, April 20, 2019Euro, Pound up; USD, Yen flat

Mumbai, Apr 20 (UNI) Following were the indicative currency rates and travellers' cheques buying and selling rates per unit.

UAE DIRHAM 17.1783 20.0845
AUSTRALIAN DOLLAR 45.1258 52.2363
BANGLADESH TAKA 0.75475 0.895892
BAHRAIN DINAR 170.8201 195.4414
CANADIAN DOLLAR 47.138 54.896
SWISS FRANC 62.1926 73.078
CHINESE YUAN 7.32 11.88
DANISH KRONE 9.4995 11.1008


Saturday, April 20, 2019Reliance says not violating US sanctions on Venezuela

Mumbai, Apr 20 (UNI) Reliance Industries (RIL) denied reports in a section of the media, which said the company was involved in an arrangement that leads to cash payment for oil supplies to PDVSA via third parties. The company termed the media reports as 'false and reckless'.
RIL said it is not violating any US sanctions or policies and purchased crude from companies such as ROSNEFT, long before


Friday, April 19, 2019Major currencies down

Mumbai, Apr 19 (UNI) Following were the indicative currency rates and travellers' cheques buying and selling rates per unit on Friday.

UAE DIRHAM 17.1783 20.0845
AUSTRALIAN DOLLAR 45.1132 52.1924
BANGLADESH TAKA 0.755108 0.892469
BAHRAIN DINAR 170.8201 195.4414
CANADIAN DOLLAR 47.2014 54.9699
SWISS FRANC 62.162 73.0493
CHINESE YUAN 7.32 11.88


Friday, April 19, 2019BSE, NSE closed on account of Good Friday

Mumbai, Apr 19 (UNI) The Bombay Stock Exchange (BSE) and National Stock Exchange remained closed for trade on Friday on account of 'Good Friday'.
This is the second day this week after Mahavir Jayanti on Wednesday that markets are shut due to a public holiday.


Friday, April 19, 2019Petrol price hiked by 7 p/l; diesel remains stable

New Delhi, Apr 19 (UNI) Petrol prices on Friday registered hike of seven paise per litre while diesel remains stable.
In Delhi, petrol retails at Rs 73.00 per litre against Thursday's 72.93 per litre while diesel costs Rs 66.31 a litre.
In Mumbai, people have to shell out Rs 78.57 p/l while yesterday it was selling at Rs 78.50 per litre. Diesel retails at Rs 69.40 per litre.
According to Indi


Friday, April 19, 2019Airtel Payments Bank launches two wheeler insurance product with Bharti AXA General Insurance

New Delhi, Apr 19 (UNI) Airtel Payments Bank on Friday announced the launch of an attractive two wheeler insurance product in association with Bharti AXA General Insurance.

"This two wheeler insurance product offers great value to customers, including up to 70 percent savings on annual premium, personal accident cover, protection against third-party liabilities and inspection free renewal thro