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  • Two MLAs withdraw support to Congress-JDS govt in Karnataka

    15 January, 2019 10:20 AM 62

    In a blow to the Congress-JDS coalition in Karnataka, two MLAs Tuesday withdrew support to the government headed by H D Kumaraswamy. H Nagesh (Independent) and R Shankar (KPJP) have written to governor Vajubhai Vala conveying their decision. In separate identical letters, available to the media here, the lawmakers said they were withdrawing support extended

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

    15 January, 2019 8:38 AM 38

    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

  • R Systems International rises 6% on as board approves buyback proposal

    15 January, 2019 8:15 AM 41

    The company board approved proposal for buyback of equity shares of the company. Share price of R Systems International rose 6.6 percent intraday Tuesday after company board approved buyback of shares. The company board in its meeting held on January 15 approved proposal for buyback of equity shares of the company upto 36,90,000 at a price of Rs 65 per equity

  • Veg oil imports up 11% in December; shipment of refined palm oil from Malaysia may rise on duty cut: SEA

    15 January, 2019 7:59 AM 44

    Vegetable oil imports rose by 11 percent last month to over 12 lakh tonne, edible oil industry body SEA said on January 15 and predicted that a rise in inward shipments of refined palm oil on customs duty cut that could affect domestic farmers and refiners. "Import of vegetable oils (comprising edible and non-edible oils) during December 2018 is reported

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

    15 January, 2019 7:25 AM 45

    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 50

    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

  • Italian firm loses Rs 130 crore to hackers in con job

    15 January, 2019 4:28 AM 45

    In perhaps the biggest such online heist, a Mumbai-based Italian firm lost Rs 130 crore to suspected hackers who allegedly convinced its local managers that the money was needed for an acquisition, police said on Monday. The hackers sent emails to the head of the Indian subsidiary of the firm through an email account, which looked similar to that of the group

  • Rupee weakens to 71/$ for first time since Dec

    15 January, 2019 4:20 AM 41

    Today, USD-INR pair is expected to quote in the range of 70.40 and 71.20, says Motilal Oswal. The Indian rupee erased all its morning gains and weakened to 71/$ for first time since December 2018. Rupee came under pressure against the US dollar ahead of the important inflation number that was released later in the evening. Data showed inflation in December

  • Oil prices edge up on supply cuts, but weakening economic outlook caps gains

    15 January, 2019 2:35 AM 36

    Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains. US West Texas Intermediate (WTI) crude futures were at $50.78 per barrel at 0041 GMT, up 27 cents, or 0.5 percent, from their last settlement. "The impact of OPEC+ cuts, Iran sanctions and lower month-on-month growth

  • Finance Secretary Ajay Narayan Jha gets one-month extension; named Finance Commission member

    14 January, 2019 2:20 PM 38

    Finance Secretary Ajay Narayan Jha has been given one month extension in service and named as the member of the 15th Finance Commission, according to an official order issued Monday. He is a 1982 batch Indian Administrative Service officer of Manipur cadre. The Appointments Committee of the Cabinet has approved extension in service of Jha, Finance Secretary