A tribal entrepreneur has realised her dream of setting up a pizza centre named ‘Cheesiano Pizza’ in Hyderabad under the first batch of Chief Minister’s ST Entrepreneurship and Innovation (CMSTEI) scheme. The eatery is set up by Kurasam Gautami, who graduated under the first batch of CMSTEI scheme in Hyderabad. […]
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Sensex, Nifty open at record peaks ahead of F&O expiry
Domestic equities opened at their record peaks as BSE Sensex jumped over 143 points to 41,164 in early trade on Thursday tracking gains in index-heavyweights TCS, ICICI Bank and L&T ahead of November derivatives expiry. After hitting its life-time high, the 30-share index pared some gains to trade 52.93 points, […]
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Chinese Yuan weakens after Donald Trump signs Hong Kong bill
China’s currency dropped offshore after President Donald Trump signed a bill into law that expresses support for Hong Kong protesters, raising concern over how Beijing will respond. The yuan weakened as much as 0.2% before trading at 7.0257 per dollar at 8:32 a.m. in Hong Kong. Signing the bill could […]
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Asian shares waver, Hong Kong tensions spoil festive mood after upbeat US data
Asian share markets wobbled on Thursday as concerns that tensions over Hong Kong could stymie a U.S.-China trade deal cast a pall over Thanksgiving cheer from unexpectedly positive U.S. economic data. U.S. President Donald Trump on Wednesday signed into law congressional legislation backing pro-democracy protesters in Hong Kong despite angry […]
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Rupee rises 10 paise to 71.40 against USD in early trade
The Indian rupee appreciated by 10 paise to 71.40 against the US dollar in early trade on Wednesday as positive opening in domestic equities and sustained foreign fund inflows strengthened investor sentiments. Forex traders said easing crude oil prices also supported the domestic unit. At the interbank foreign exchange the […]
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Sensex rises over 200 pts; Nifty tests 12,100
Market benchmark BSE Sensex jumped over 200 points in early trade on Wednesday led by gains in HDFC twins, TCS and RIL as unabated foreign fund inflow and positive global cues enthused investor sentiment. After hitting a high of 41,075.76, the 30-share index was trading 207.41 points, or 0.51 per […]
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Honda City 2020: What to expect from fifth-generation sedan sultan
Honda City 2020 is all set to make its way into India by mid of next year and promises to rile up the sedan segment in the country. The car was launched in Thailand recently and the same model – barring a few changes, of course, could be planned for […]
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Sensex jumps over 200 points in early trade to hit record high of 41,100
Market benchmark BSE Sensex jumped over 200 points in early trade on Tuesday to hit its record high of 41,108, and NSE Nifty surged to its lifetime peak of 12,126 amid sustained foreign fund inflow and positive global cues. The 30-share index was trading 218.82 points, or 0.54 per cent, […]
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Sensex rises over 200 pts; Nifty tests 11,950
Market benchmark BSE Sensex jumped over 200 points in early trade on Monday tracking gains in index-heavyweights Infosys, Reliance Industries and Bharti Airtel amid positive cues from global equities. The 30-share index was trading 213.78 points, or 0.53 per cent, higher at 40,573.19. Similarly, the broader Nifty rose 57.65 points, […]
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Paytm raises $1 billion in fresh funding
Paytm said it has raised fresh funds from a group of investors, including existing backers such as SoftBank’s Vision Fund and Alibaba’s Ant Financial on Monday. The company has not officially disclosed details of the funding, but a source said the Indian company raised $1 billion in the latest round. […]
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For Asia’s only losing EM currency, the future looks even bleaker
India’s rupee is the only emerging Asian currency to weaken this quarter and its losses may gather pace as a report this week is forecast to show economic growth slid to a six-year low. The rupee, which has slumped almost 5% from this year’s high in July, is also […]
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Hong Kong stocks rally after pro-democracy groups score huge win
Hong Kong stocks climbed after pro-democracy candidates swept the board in district council elections, putting pressure on the city’s government to address issues that have fueled months of protests. The Hang Seng Index rose 1.5%. The gain was led by developers and other stocks seen as most sensitive to the […]
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Anil Ambani’s resignation rejected by R Comm lenders, cooperation sought in insolvency resolution process
Reliance Communications on Sunday said its lenders have rejected the resignation of Chairman Anil Ambani and four other directors, and asked them to cooperate in the ongoing corporate insolvency resolution process. Ambani along with four directors — Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar — had resigned from […]
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Elon Musk touts 146,000 orders for Tesla’s electric pickup truck
Elon Musk says Tesla has received nearly 150,000 orders for its new electric pickup truck since the automaker revealed the futuristic vehicle earlier this week to mixed reviews. The Tesla CEO tweeted Saturday that the company received 146,000 orders for the wedge-shaped “Cybertruck” since is unveiling Thursday night. Musk said […]
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Samsung Heavy industries admits knowing that its money would be used pay bribes to Brazilian officials
Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday. Samsung Heavy has admitted to paying about $20 […]