Business
Many ATMs run dry in MP cities, towns Many ATMs run dry in MP cities, towns



Bhopal, A large number of ATMs failed to dispense cash to customers for the second consecutive day on Tuesday in many cities and towns of Madhya Pradesh, including state capital Bhopal, putting the common man to inconvenience.

UCO Bank's shares slip 14 percent on loan fraud claims UCO Bank's shares slip 14 percent on loan fraud claims


Mumbai, Shares of public-sector lender UCO Bank on Monday plunged by around 14 per cent on the BSE following the ongoing probe into an alleged Rs 737 crore loan fraud case.

During the day's trade, shares of the bank nosedived by 14.32 per cent to hit a 52-week low of Rs 19.15 per share on the BSE.

SGX to list new India equity derivative products in June SGX to list new India equity derivative products in June

 

Mumbai, The Singapore Exchange (SGX) on Wednesday said it will list new India equity derivative products in June.

"The SGX will list new India equity derivative... to provide market participants with continuity and the ability to seamlessly transition their current India risk management exposures," it said in a statement.

Caution ahead of earnings season keeps equity markets flat Caution ahead of earnings season keeps equity markets flat


Mumbai, The Indian key equity indices settled on a flat-to-positive note on Wednesday after tepid trade throughout the session due to caution ahead of the earning season for January-March 2017-18 starting Friday and heavy selling pressure on oil and gas and banking stocks.

Skype to offer call recording feature Skype to offer call recording feature


San Francisco, Microsoft is working on a call recording feature in Skype that will also support integration from third-party apps including Xsplit, Wirecast and Vmix

Indian equity indices close flat on tepid Asian cues Indian equity indices close flat on tepid Asian cues


Mumbai, The Key Indian equity indices provisionally closed on a flat note on Friday following a similar trend on benchmark Asian exchanges.

At 3.30 p.m., the wider Nifty50 of the National Stock Exchange (NSE) provisionally ended the day's trade at 10,331.60 points, unchanged from its previous close.

RBI holds repo rate at 6% in first policy review of fiscal RBI holds repo rate at 6% in first policy review of fiscal


Mumbai, The RBI on Thursday maintained status quo on its key short-term lending rate at 6 per cent at its first bi-monthly monetary policy review of the new fiscal, in line with what was being widely expected.

In boost to RCOM, Supreme Court clears decks for asset sale In boost to RCOM, Supreme Court clears decks for asset sale


New Delhi, In much-awaited relief to Reliance Communications (RCOM), the Supreme court on Thursday cleared the decks for the sale of its spectrum and optical fibre assets to Reliance Jio Infocomm as it vacated a stay granted by the High Court.

Chinese yuan weakens against US dollar Chinese yuan weakens against US dollar



Beijing, The central parity rate of the Chinese currency renminbi, or the yuan, weakened 93 basis points to 6.2926 against the US dollar on Wednesday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, Xinhua news agency reported.

Rs 4 lakh cr NPAs have returned due to insolvency system: Official Rs 4 lakh cr NPAs have returned due to insolvency system: Official



New Delhi, Less than half of the staggering Rs 9 lakh crore worth of non-performing assets (NPAs), or bad loans, accumulated by banks had returned due to the system set in place by the Insolvency and Bankruptcy Code (IBC), 2016, the government said on Wednesday.

The figure was revealed by Corporate Affairs Secretary Injeti Srinivas at the conference on Resolving Insolvency organised by industry chamber CII a day after the release of the report by Insolvency Law Committee (ILC) headed by him.

PNB not providing information on Nirav Modi under RTI: Activist PNB not providing information on Nirav Modi under RTI: Activist


Mumbai, The Punjab National Bank has refused to provide any information pertaining to absconding scamster, diamantaire Nirav Modi, to queries sought under RTI, an activist said here on Tuesday.

Anil Galgali said that he had sought specific RTI replies from PNB on the total quantum of loan sanctioned to Modi, the procedures applied by the bank for sanctioning the same and the resolution of the Board of Directors by which the loans were approved.

Ambrane India announces its newest extra bass in-ear Earphones Ambrane India announces its newest extra bass in-ear Earphones


Chandigarh -Ambrane India one of the leading IT brands in computer peripherals & Mobile accessories, now further strengthens its audio profile by introducing two of its newest earphones – EP-40 & EP-50 with solid state amplifier that provides a sound quality that stays with you while you are on the go!

India ranks 67 in fixed broadband speed in February: Ookla India ranks 67 in fixed broadband speed in February: Ookla


New Delhi, India ranked 67th in terms of fixed broadband speeds and 109th for mobile internet speeds globally in February, internet testing and analysis platform Ookla said on Monday.

The company's updated Speedtest Global Index revealed that in absolute terms, India's performance in fixed broadband download speeds have gone up from average speeds of 18.82 mbps in November 2017 to 20.72 mbps in February 2018, marking significant improvement since last quarter.

CBI books Jignesh Shah in fresh case CBI books Jignesh Shah in fresh case


New Delhi, The CBI on Friday said it has registered a fresh case against former MCX Managing Director Jignesh Shah for allegedly facilitating nationwide multi exchange status for the Multi Commodity Exchange of India Ltd (MCX).

Four former chairpersons of the Forward Market Commission and six others have also been named in the FIR filed by the Central Bureau of Investigation (CBI).

Nifty50 closes below 10k mark, Sensex sheds over 400 points Kanishk Gold directors questioned in loan fraud case Reliance JioPhones likely to get WhatsApp soon India warns Facebook, Zuckerberg of action over data breach CBI moves Delhi HC over 2G spectrum acquittal Tata Motors to hike prices of passenger vehicles Choksi to CBI: Completely defenceless due to exaggerated allegations Reliance Big TV ties up with 12k post offices in Maharashtra, Goa Global cues, sell-off subdue equities; Sensex slips below 33k US dollar climbs after economic data AirAsia India to fly Delhi-Imphal sector from April Sensex surges over 500 points; FMCG, auto stocks gain India needs 1,750 new aircraft over 20 years: Airbus Key Indian equity indices close in red 7 ways to save money while spending online Global cues pull equity indices deep in the red GST collection dips marginally to Rs 86,318 crore in January BSE to waive transaction charges on equity segment trade in Sensex 30 stocks US dollar falls against major currencies India 3rd largest visitors' source market: Singapore Airtel offers Rs 2,000 cashback on Motorola, Lenovo 4G devices Selling pressure drags equities lower Equity indices slip on selling pressure, banks stocks plunge Netanyahu scam: Ratan Tata denies involvement Banking sector stocks depress equity indices Punjab National Bank detects $1.8 bn fraud at a Mumbai branch Super wood could replace steel in cars, airplanes Reliance Energy's pre-summer bounty for Mumbai consumers Auto Expo: Tata Motors unveils 2 new car concepts Tata Motors' new SUV will be on show at Auto Expo