Section: Business

Sensex surges 106 pts in early trade on F&O expiry

Published on By prameya news7 (author)

The Sensex reclaimed the 29,000—mark in mid—session trade today on sustained buying by domestic institutions amid robust foreign fund inflows and expiry of derivative contracts.

Chandrasekaran elected chairman of Tata group's Indian Hotels

Published on By prameya news7 (author)

Tata Group hospitality arm Indian Hotels Company Ltd today said N Chandrasekaran has been elected as the Chairman of its board of directors.

Power supply glitch hits Metro services in Kolkata

Published on By prameya news7 (author)

All three power units of the 750 MW Budge Budge power station of CESC here tripped at 9.53 AM this morning following a network disturbance, leading to disruption in metro services.

Airtel shares soar 11% on Telenor India acquisition

Published on By prameya news7 (author)

Shares of Bharti Airtel today rose 11 per cent to a one—year high after the telecom operator said it will acquire the business of Telenor India for an undisclosed sum in all seven circles where it holds spectrum.

Volkswagen said to renew India push with Tata Alliance talk

Published on By prameya news7 (author)

Volkswagen AG is in advanced talks to team up with Tata Motors Ltd. as the German automaker takes another stab at India’s fast-growing demand for cars, according to people familiar with the matter.

Indian economy remains a bright spot in global landscape

Published on By prameya news7 (author)

The Indian economy is growing strongly and remains a bright spot in the global landscape despite temporary setback due to demonetisation, a senior IMF official has said. In its annual country report on India, the International Monetary Fund (IMF) yesterday said growth is expected at 6.6 percent in this fiscal year and at 7.2 percent in the following year.

Masayoshi Son's Softbank may invest in Voda-Idea merged entity

Published on By prameya news7 (author)

With the mega-merger between Idea Cellular and Vodafone gaining ground, there is news that both the companies look to sell 15-20 percent of the merged entity to financial investors, as reported by CNBC-TV18.

India to announce policy for competitive domestic solar equipment manufacturing

Published on By prameya news7 (author)

India is working on a plan for making domestic manufacturing of solar power generation equipment competitive vis-à-vis other countries such as China.

HDFC Bank FPI trade: RBI, Sebi to tighten norms on trigger point

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The Reserve Bank and Sebi are looking into the breach of investment limit by FPIs in HDFC Bank stock and will come out with steps to prevent such violation in the future.

India needs to create bad bank quickly: CEA Arvind Subramanian

Published on By prameya news7 (author)

The Finance Ministry on Wednesday backed a call by the Reserve Bank of India to set up an institution similar to a "bad bank," saying urgency was needed to address troubled loans weighing on the banking sector that were hobbling investment and growth.