Budget to provide impetus for economy, markets (Market Watch)(3 minutes ago) BY ARUN KEJRIWAL Markets fell for the first three days of the week and then recovered ground. The recovery, though, was not enough to end markets in positive territory, but the salient feature was that the midcap and smallcap indices had a very strong showing and closed the week with gains.
OIL may hold 74% in BPCL's NRL, Assam 26%(09:12) By Subhash Narayan New Delhi, Jan 26 (IANS) State-owned oil and gas explorer Oil India (OIL) and the Assam government may acquire Bharat Petroleum Corporation's entire 61 per cent stake in the Numaligarh Refinery (NRL), retaining the public sector character of the Assam-based entity.
Investors can buy farmland in 30 days in Karnataka soon(01:09) Bengaluru, Jan 26 (IANS) Investors would soon be able to buy agricultural land directly from farmers within 30 days for setting up their industries in Karnataka, state Chief Minister B.S. Yediyurappa said on Saturday.
Padma Bhushan for TVS chief Srinivasan, Anand Mahindra(23:46) New Delhi, Jan 25 (IANS) Centre on Saturday announced that Mahindra group Chairman Anand Mahindra and TVS Group chief Venu Srinivisan would be awarded Padma Bhushan for their contribution to the field of trade and industry.
VST to make higher power tractors with Czech partner(22:35) Bengaluru, Jan 25 (IANS) Leading agri-machinery maker VST Tillers Tractors Ltd has tied up with Czech-based Zetor Tractors a.s. to jointly make tractors with higher horse power for Indian and global markets, a top official said on Saturday.
Indians see automation, but hopeful of keeping jobs(21:56) New Delhi, Jan 25 (IANS) Although majority of Indians think their jobs would be automated in the next 10 years, 84 per cent hope to retain their jobs, supported by their skills, according to a report by World Economic Forum (WEF) and Ipsos.
TVS rolls out electric scooter in Bengaluru market(20:41) Bengaluru, Jan 25 (IANS) Foraying into electric mobility, two-wheeler major TVS Motor Company on Saturday rolled out its electric scooter for this tech city as part of its contribution to cleaner environment.
Private role in student housing likely to be vital(17:08) New Delhi, Jan 25 (IANS) Professionally-managed student accommodation (PMSA) providers will play a major role in the student housing segment due to rising demand for space with better facilities, according to joint report by Cushman & Wakefield and the Student Accommodation Providers Forum of India (SAPFI).
Govt nominates Debashish Panda on SBI central board(16:09) New Delhi, Jan 25 (IANS) The State Bank of India (SBI) on Saturday said the Central government has nominated Debashish Panda, Special Secretary, Department of Financial Services, Finance Ministry as a director on the Central Board of SBI.
CG Power seeks govt's nod to remove joint auditor(14:42) Mumbai, Jan 25 (IANS) Fraud-hit CG Power and Industrial Solutions has sought the Centre's approval to remove K K Mankeshwar & Co (KKM) as one of its joint auditors due to certain alleged "unexplained" payments made to the auditor from the company.
Brent lowest in 7 weeks amid nCoV concern in China(13:24) New Delhi, Jan 25 (IANS) Oil futures came down sharply on fears that the spread of the deadly coronavirus in China will undercut demand for crude further, which has seen prices already under pressure due to worries about a potential oversupply.
Trade wars could cause new global crisis, warns Italian PM(22:18) Rome, Jan 24 (IANS/AKI) Trade tariffs could trigger a new and "disastrous" global recession, Italy's Premier Giuseppe Conte warned on Friday after US President Donald Trump renewed threats to raise tariffs on European Union goods.
Sensex ends 226 pts higher, banks gain (Lead)(22:10) Mumbai, Jan 24 (IANS) Sensex gained 226 points on Friday while the broader Nifty closed at 12,248 points led by gains in private banks such as ICICI Bank, Kotak Mahindra Bank and HDFC Bank.
JSW Steel's Q3 consolidated net profit plunges 87%(21:07) New Delhi, Jan 24 (IANS) JSW Steel on Friday reported a 87 per cent decline in its consolidated profit during the quarter ended December at Rs 211 crore against Rs 1,624 crore in the same period of the previous year.
Sonata Software net up 18% in Q3(20:40) Bengaluru, Jan 24 (IANS) Leading IT services and technology solutions firm Sonata Software on Friday reported Rs 76 crore consolidated net profit for the third quarter of 2019-20, registering 18 per cent annual growth from Rs 64 crore in the same period last year
SC exempts Sahara chief Subrata Roy from personal appearance(20:24) New Delhi, Jan 24 (IANS) The Supreme Court on Friday exempted Sahara group chief Subrata Roy and two other Directors from personal appearance till "further orders" in a case pertaining to the alleged failure in depositing Rs 25,700 crore in the SEBI-Sahara account.
Budget may provision Rs 50k cr recap for PSU banks(20:23) By Anjana Das New Delhi, Jan 24 (IANS) The Union Budget 2020 may allocate Rs 50,000 crore recapitalisation for the banks undergoing merger to support them through the amalgamation with the anchor banks.