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  • Mukesh Ambani features in Foreign Policy magazine's 2019 list of top '100 Global Thinkers'

    15 January, 2019 5:56 PM 239

    Mumbai: Reliance Industries Chairman and Managing Director Mukesh Ambani has featured in Foreign Policy magazine`s 2019 annual list of the top `100 Global Thinkers`. According to the magazine, Ambani, who displaced Jack Ma in 2018 as Asia`s richest man is credited with accelerating a smartphone internet revolution in the world`s largest democracy

  • Exports up 0.34% in Dec 2018; trade deficit narrows

    15 January, 2019 2:00 PM 189

    The trade deficit stood at USD 14.2 billion in December 2017. New Delhi: The country's exports grew marginally by 0.34 percent to USD 27.93 billion in December 2018 on account of negative growth in sectors such as engineering and gems & jewellery, according to a commerce ministry data. Imports, however, dipped by 2.44 percent to USD 41 billion during

  • Sensex soars over 460 points, Nifty regains 10,800

    15 January, 2019 11:17 AM 176

    Drop in inflation raised hopes of monetary easing. New Delhi: Markets posted strong gains with both the Sensex and Nifty closing above 1.30 percent as lower inflation figures gave way to expectations of an ease in the monetary policy by the Reserve Bank of India in its February policy review. The BSE Sensex jumped 464.77 points or 1.30 percent to 36,318.33 while

  • Honda City gets ZX MT petrol grade, price starts at Rs 12.75 lakh

    15 January, 2019 8:38 AM 173

    The City line-up has also been upgraded with two new exterior colours. New Delhi: Honda Cars India Ltd. (HCIL) has introduced a new ZX MT (Petrol) grade of its premium mid-size sedan Honda City. Honda City ZX MT (Petrol) will be priced at Rs 12.75 lakh (Ex-Showroom Delhi). The City line-up has also been upgraded with two new exterior colours and standard

  • India to add 1,000 aircraft in 7-8 years: Govt official

    15 January, 2019 7:25 AM 189

    Mumbai: The country is going to add 1,000 aircraft over the next 7-8 years, a top government official said Tuesday. "We would be adding about 1,000 more aircraft in about next 7-8 years," Ministry of Civil Aviation secretary, RN Choubey, said, adding that the country will be adding 100 more airports, and one billion trips in the next 15 years. He said the country

  • Rupee breaches 71 per dollar on ''chunky outflows''

    15 January, 2019 6:03 AM 186

    The rupee is at its lowest since December 18, 2018. Mumbai: Indian rupee weakened sharply on Tuesday on "chunky outflows" with no intervention seen by the Reserve Bank of India, traders said. The rupee breached the crucial 71 to the dollar mark in early trade, its lowest since Dec. 18, 2018, and marginally cut back to trade at 70.99 to the dollar, as of 0422 GMT. "There

  • WPI inflation falls to 8-month low of 3.80% in December

    14 January, 2019 12:33 PM 189

    New Delhi: Inflation based on wholesale prices fell to an eight-month low 3.80 percent in December, from 4.64 percent in November as prices of food articles and fuel softened. The Wholesale Price Index (WPI)-based inflation 3.58 percent during the corresponding month of the previous year, official data showed on Monday. According to the government data, food articles

  • Sachin Bansal invests Rs 150-cr in Ola

    14 January, 2019 12:33 PM 526

    New Delhi: Flipkart co-founder Sachin Bansal has pumped in about Rs 150 crore in ride-hailing platform Ola, according to documents filed with the Corporate Affairs Ministry. "... 70,588 fully and compulsorily convertible, cumulative 'Series J' Preference Shares' having face value of Rs 10 having the rights, privileges and preferences... Is hereby allotted

  • Rajat Monga, foreign bank CEO in race to succeed Rana Kapoor at Yes Bank

    11 January, 2019 2:56 PM 204

    New Delhi: Yes Bank executive Rajat Monga and a CEO of a foreign bank have been shortlisted to succeed long-serving Managing Director and Chief Executive Officer Rana Kapoor at the bank, sources said Friday. Monga is the senior group president of financial markets at Yes Bank currently. "There are only two names that have been selected by the bank as final

  • Nissan ex-chief Carlos Ghosn faces new charges

    11 January, 2019 2:56 PM 124

    Tokyo: Ousted Nissan Motor Chairman Carlos Ghosn, who has been under arrest for alleged financial misconduct, was on Friday hit with new charges and was accused of misreporting his compensation through 2018 and abusing his position for personal gain. Tokyo prosecutors accused Ghosn of misreporting his compensation by tens of millions of dollars during