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Business
RBI Governor Urjit Patel resigns
Following the ongoing rift with the central government, RBI governor Urjit Patel today resigned with immediate effect from the post, though in the statement released by him, Patel cited…
Domestic stock market shatters as Sensex and Nifty loses over 600 and 150 points respectively
Amid global cues, the domestic stock market on Monday shattered as it began on a lower note. At the very first hour of its business, Sensex traded at 35,023.98, down 649.27 points or 1.82…
Following Binny Bansal’s exit from Flipkart, Myntra CEO Ananth Narayanan resigns
With Binny Bansal’s exit from Flipkart, another senior executive, Ananth Narayanan, who handles the company’s popular fashion platforms Jabong and Myntra, has resigned.
Along with Binny…
Banks to charge customers on non-maintenance of minimum average balance
Top banks across India will now levy charges on non-maintenance of average monthly balance (AMB) in regular savings bank accounts.
According to report in NDTV, banks have now mandated…
OPEC, allies to cut oil production by 1.2 million barrels per day
With an aim to give major boost to global oil markets, member countries of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies on Friday reached a deal to cut crude…
Krishnamurthy Subramanian appointed as new chief economic adviser
On Friday, the government of India has appointed Krishnamurthy Subramanian, associate professor and executive director (Centre for Analytical Finance) of Indian School of Business,…
HCL Technologies acquires seven IBM software assets for 1.8 billion dollar
India’s third-largest information technology services company HCL Technologies, has agreed to acquire some software assets from IBM for $1.8 billion, in one of the biggest acquisitions by an…
Good News! Mumbai-Pune helicopter service set to begin
Fly Blade Inc., the largest arranger of helicopter flights for civilian travel in the US, is all set to start its operation in India by March 2019, with services between Mumbai and Pune.…
Stock market update: Sensex, Nifty closes lower after 6-days of surge
Tracking weakness in Asian peers, the domestic stock market closed lower on Tuesday, amid concerns whether China and the US will be able to resolve trade differences.
The NSE Nifty…
Stock market update: Sensex, Nifty closes higher for sixth consecutive session
According to the stock market updates on Monday, the market finished a choppy session with mild gains, led by advances in commodities, PSU banking and infrastructure stocks. the NSE Nifty…
HUL buys GSK’s Horlicks and other brands in India for EUR 3.3 billion
After months of negotiations and a race against other global FMCG majors, the retail giant Hindustan Unilever has finally and officially emerged as the winner to bag GSK Consumer’s India…
Oil prices rise as US, China agrees 90 days truce in trade war; Qatar exits OPEC
Saad al-Kaabi- energy minister of Qatar said on Monday, that the country is withdrawing from the Organisation of the Petroleum Exporting Countries (OPEC) as of January 2019.
Saad-al-Kaabi…