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No. 1 Co working space in Indore No. 1 Co working space in Indore


Indore Our country has so many unemployed people who are struggling to find a way to space their careers. People with great potential are holding themselves down due to the low economy in the country, where renting a office space to establishing everything required in an office requires a lump sum amount which not everyone can afford. There has been an evolution in the kind of office spaces that a corporate house would require. People want a different kind of set up according to their preferences, some like a confined space and want to work peacefully in a private space and some like to work in groups so that there is an interaction between them so they are motivated by one another. The new way of office space

PuREnergy set to launch affordable lithium batteries in India PuREnergy set to launch affordable lithium batteries in India



Hyderabad, Indian Institute of Technology-Hyderabad (IIT-Hyderabad)-incubated start-up PuREnergy on Monday said it would launch its affordable range of lithium batteries at the Renewable Energy Expo 2018 that begins at Greater Noida on Tuesday.

The lithium batteries developed by PuREnergy may find applications in diverse fields ranging from agriculture to aerospace.

Rupee crashes further, hits 72.67 per dollar Rupee crashes further, hits 72.67 per dollar

 

Mumbai, Continuing its free fall, the Indian rupee touched a new low of 72.67 on Monday, depreciating by almost a rupee from its previous close of 71.73 per US dollar.

Around 12.30 p.m., it traded at its lowest-ever level of 72.67, after opening at 72.18 per greenback.

Along with the decline in global currencies against the dollar and persistent trade tensions, a wider current account deficit of India also weighed on the rupee, analysts said.

Need to move towards electric mobility: Minister Need to move towards electric mobility: Minister


New Delhi, Union Minister Anant Geete on Thursday said that there is a need to move towards electric mobility and that proper time period will be provided to make the transition.

According to the Minister for Heavy Industry and Public Sector Enterprises, the country required to move towards electric mobility due to concerns over environmental damage caused by vehicle emissions.

Rupee slips to a new low; touches 71.79/$ Rupee slips to a new low; touches 71.79/$

 

Mumbai, The rupee plunged to a fresh record low of 71.79 to a dollar during the morning trade session on Wednesday.

Around 11.40 a.m. the rupee traded at 71.76 to a dollar before it touched 71.79 -- the lowest ever mark -- against the greenback.

Weak rupee depresses equity indices; Nifty ends below 11,500 Weak rupee depresses equity indices; Nifty ends below 11,500

 

Mumbai, Broadly negative global cues coupled with a weak rupee depressed the Indian equity indices on Wednesday, with the NSE Nifty50 closing below the psychological level of 11,500 points.

According to market observers, heavy selling pressure was witnessed in consumer durables, capital goods and FMCG stocks.

India's airlines suffering double whammy: IATA India's airlines suffering double whammy: IATA

 

New Delhi, Indias passenger carriers are suffering from a "double whammy" of a steep rise in fuel costs and the decline in the Indian rupees value, global airlines association IATA said on Tuesday.

According to the International Air Transport Association (IATA), the rise in fuel costs was particularly acute for Indian carriers as it makes up 34 per cent of operating costs well above the global average of 24 per cent.

"While it is easy to find Indian passengers who want to fly, it's very difficult for airlines to make money in this market," said Alexandre de Juniac, IATA's Director General and CEO at the International Aviation Summit being held here.

Petrol, diesel hit fresh high, rise for 9th straight day Petrol, diesel hit fresh high, rise for 9th straight day

 

New Delhi, Prices of petrol and diesel, already at unprecedented levels in the country, rose for the ninth consecutive day on Monday.

In the national capital, petrol was sold at Rs 79.15 per litre, up from Rs 78.84 on Sunday.

In Kolkata, Chennai and Mumbai, the fuel was priced at Rs 82.06, Rs 82.24 and Rs 86.56 per litre respectively, all a new record, against Rs 81.76, Rs 81.92, Rs 86.25 on Sunday.

RInfra ratings rise as Mumbai power business sale cuts debt RInfra ratings rise as Mumbai power business sale cuts debt

 

Mumbai, Reliance Infrastructure's (RInfra) ratings have improved with the completion of transaction for sale of its Mumbai power business, the proceeds of which have been used to pay off debt liabilities, the company announced on Monday.

An RInfra release here said that credit rating agency Brickwork Ratings (BWR) has withdrawn its ‘D' ratings for the company's non-convertible debentures (NCD), totalling Rs 468.70 crore.

Rupee ends at lowest level of 71.21 per dollar  Rupee ends at lowest level of 71.21 per dollar


Mumbai, The Indian rupee reversed all the gains made earlier in the day to close at an all-time low of 71.21 per dollar on Monday, tracking a weak trend among its global peers and amid concerns of a wider trade deficit. On Friday, it settled at 70.99-71, after hitting a low of 71

Caution ahead of growth data pulls rupee lower; breaches 71-mark Caution ahead of growth data pulls rupee lower; breaches 71-mark

 

Mumbai, Caution ahead of key macro-economic growth data, coupled with high global crude oil prices, pulled the Indian rupee to a fresh low of 71 to a US dollar on Friday.

According to analysts, the continuous outflow of foreign funds also adversely impacted the rupee's prospects.

Around 11.30 a.m. the Indian rupee was pegged at 70.97 to a US dollar after it touched 71 -- the lowest ever mark -- against the greenback.

Mismanagement of economy sent rupee plunging: Congress Mismanagement of economy sent rupee plunging: Congress



New Delhi, As the Indian rupee plunged to a fresh record low of 70.55 to a US dollar on Wednesday, the Congress slammed the government, saying it is a consequence of overall mismanagement of the economy, including demonetisation and badly implemented GST.

Also quoting a Reserve Bank of India (RBI) report on demonetisation released on Wednesday -- which said that 99.30 per cent of the scrapped currency notes are back in the banking system, the party said it is a "damning indictment of the macro-economic management of the country".

Adani Group acquires RInfra's Mumbai power business Adani Group acquires RInfra's Mumbai power business



Mumbai, The Adani Group's Adani Transmission Ltd (ATL) has acquired Reliance Infrastructure's integrated business of generation, transmission and retail electricity distribution in Mumbai and Maharashtra, and will be known as 'Adani Electricity Mumbai Ltd.' (AEML), an official said here on Wednesday.

The business, acquired from RInfra by ATL after a process of nearly nine months, includes power generation units in Dahanu, power transmission networks in Mumbai and Maharashtra, and retail power distribution setup in Mumbai suburbs.

Sensex breaches 36,700-mark; Nifty touches 11,700 point Sensex breaches 36,700-mark; Nifty touches 11,700 point

 

Mumbai, The key Indian equity indices -- S&P BSE Sensex and the NSE Nifty50 -- crossed the psychological marks of 36,700 points and 11,700 points for the first time on Monday before closing the day's trade just below the landmark levels.

Supported by firm global cues, the Sensex and the Nifty 50 touched their all-time high levels of 38,736.88 points and 11,700.95 points respectively and also settled at record closing levels.

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