Business
Reliance Jio Q3 standalone net profit up 65% Reliance Jio Q3 standalone net profit up 65%



Mumbai, Telecom major Reliance Jio Infocomm on Thursday reported a 65 per cent increase in its standalone net profit for the October-December 2018 period.

Its standalone net profit stood at Rs 831 crore in the third quarter of the financial year 2018-19, against Rs 504 crore reported in October-December 2017-18, the company said in a statement.

Wave Estate invests Rs 200 cr to bring affordable housing in Mohali Wave Estate invests Rs 200 cr to bring affordable housing in Mohali



Chandigarh After 100 per cent sale out of Dream Homes at Wave City in Ghaziabad, Wave Infratech on Monday said it has invested Rs 200 crore to bring the same economical housing under Wave Estate for the real estate market of Punjab.

"Posed picturesquely at the foothills of the Shivalik Range, Wave Estate is a distinguished address located advantageously at the heart of Mohali in Sectors 85 and 99," the real estate company said in a statement.

After India, Musk finds fault with Singapore After India, Musk finds fault with Singapore



New Delhi, Beginning his Twitter tirade in New Year, Tesla founder and CEO Elon Musk has criticized Singapore, saying the government there has been "unwelcome" to his electric car plans for the city state.

Responding to one of his follower's question on why Tesla was not yet in Singapore, Musk tweeted late Thursday: "Government has been unwelcome."

Sensex, Nifty open flat; financials in red Sensex, Nifty open flat; financials in red


Mumbai, Key Indian equity indices opened flat on Tuesday as index pivotals -- finance and banking stocks -- witnessed selling pressure.

However, oil and gas sector gained.

The S&P BSE Sensex opened at 36,161.80 from its previous close of 36,068.33 on Monday. At 9.25 a.m., the Sensex traded 64.82 points or 0.18 per cent lower at 36,003.51.

US stocks close mixed as volatility continues; dollar retreats US stocks close mixed as volatility continues; dollar retreats



New York, US stocks ended mixed in another wild trading session as volatility continued to rattle investors amid economic data.

The Dow Jones Industrial Average on Friday fell 76.42 points, or 0.33 per cent, to 23,062.40. The S&P 500 was down 3.09 points, or 0.12 per cent, to 2,485.74, Xinhua news agency reported.

The Nasdaq Composite Index was up 5.03 points, or 0.08 per cent, to 6,584.52.

Seven of the 11 primary S&P 500 sectors closed lower, as losses in energy and materials outweighed gains in consumer discretionary and real estate.

5G-enabled, foldable smartphones became a reality 5G-enabled, foldable smartphones became a reality


New Delhi, As smartphones went through a couple of noticeable innovations in the hardware department in 2018 -- especially Artificial Intelligence (AI)-driven cameras and improved battery -- the rise of 5G-ready and foldable devices stole the limelight.

While players like Huawei, LG, Motorola and Apple secured patents on foldable devices, South Korean giant Samsung took a definitive lead, showcasing a real one in November when Justin Dennison, Senior Vice President of Mobile Marketing, took out a foldable smartphone from his jacket at a New York event.

India needs solid digital strategy to succeed in data age: Seagate India needs solid digital strategy to succeed in data age: Seagate



New Delhi, As India accelerates in its journey towards digital transformation, there will inevitably be a data deluge and the country needs to devise a solid strategy to succeed in the data age, a top executive from global data storage company Seagate Technology said here on Thursday.

NSE gets SEBI nod for weekly options trading NSE gets SEBI nod for weekly options trading



Mumbai, The National Stock Exchange (NSE) on Tuesday said it has received security market regulator SEBI's approval to start weekly options contracts on the Nifty50 index.

The weekly options will have seven consecutive weekly expiry contracts, excluding the week where monthly contracts expire, the NSE said in a statement.

Sensex extends 5th straight session's gains, up 250 points Sensex extends 5th straight session's gains, up 250 points


Mumbai, The key equity indices extended its fifth straight session of gains as Sensex advanced over 250 points and the Nifty traded over 10,850 on Monday.

Finance stocks, the index pivotal, traded higher. Oil and gas metal, power and energy stocks gained over 1 per cent.

At 1.28 p.m., the Sensex traded 255.46 points higher at 36,218.39 points and the Nifty50 traded 61.60 points higher at 10,867.05 points, from the previous close

Sensex jumps 629 points, Nifty settles above 10,700 Sensex jumps 629 points, Nifty settles above 10,700

 

Mumbai, Buying at lower levels and hopes of an easing monitory policy with the appointment of Shaktikanta Das as the new RBI Governor pushed the key equity indices 1.8 per cent higher on Wednesday.

That apart, positivity in Asian markets also contributed to the gains by the domestic market.

Sensex tanks 572 points over oil output cut fears, weak rupee Sensex tanks 572 points over oil output cut fears, weak rupee

 

Mumbai, Fears over possible crude oil production cut by the OPEC group as well as broadly negative Asians stock markets pulled the barometer S&P BSE Sensex index lower by over 570 points on Thursday.

In addition, outflows of foreign funds, weak rupee and uncertainty over the outcome of Assembly elections subdued investor sentiments

China agrees to reduce tariffs on US cars: Trump China agrees to reduce tariffs on US cars: Trump


Washington, China has agreed to cut tariffs on cars it imports from the US, President Donald Trump has said, a day after he negotiated a ceasefire in the trade war with Beijing.

"China has agreed to reduce and remove tariffs on cars coming into China from the US. Currently the tariff is 40 per cent," Trump tweeted on Sunday.

Petrol pumps bonanza: Angry dealers to move court Petrol pumps bonanza: Angry dealers to move court

 

Mumbai, Barely 72 hours after the Centre announced it was allotting a whopping 55,649 new petrol pumps in the country, the apex body of petrol-diesel retailers plan to challenge the decision in court, a senior office-bearer said on Wednesday.

All India Petrol Dealers Association (AIPDA) President Ajay Bansal said the government's move of November 25 appeared contrary to its own policy and the dealers would question its legal validity.

190 countries to participate in Expo 2020 Dubai 190 countries to participate in Expo 2020 Dubai

 

Dubai, A total of 190 countries will take part in Expo 2020 Dubai, it was announced here on Monday.

The announcement comes on the opening day of Expo 2020's third International Participants Meeting (IPM), which will see hundreds of delegates from around the world gather in Dubai to receive information and updates on the delivery of the biggest event to ever be held in the Arab world.

Sensex continues its losing streak, falls 800 points in three days 50% ATMs in India may shut down by March: CATMi Swiggy to engage 2,000 women for food delivery Sensex jumps 760 points to reclaim 34,000-mark GST likely to have 3-rate structure in future: Bibek Debroy Sensex down 300 points over weak macro, negative global cues Tesla launches new 'Model 3' with mid-range battery Petrol, diesel prices down for the first time since relief measures ASUS unveils 2 smartphones in India Nokia, BSNL partner to create 5G ecosystem in India Mumbai bank loses Rs 143 cr in cyber fraud Sensex falls 760 points amid global sell-off, weak rupee Nine killed in SAIL factory blast Rupee closes at fresh low of 74.07 to USD RBI holds repo rate, but changes stance to 'calibrated tightening' RBI may hike repo rate by 25 bps on Friday Air India revival package to be ready soon: Minister Sensex sheds 218 points, Nifty below 11,000-mark Indian businesses worried over data privacy, cyber security: Dell survey India has potential to triple its trade with South Asia: World Bank No. 1 Co working space in Indore PuREnergy set to launch affordable lithium batteries in India Rupee crashes further, hits 72.67 per dollar Need to move towards electric mobility: Minister Rupee slips to a new low; touches 71.79/$ Weak rupee depresses equity indices; Nifty ends below 11,500 India's airlines suffering double whammy: IATA Petrol, diesel hit fresh high, rise for 9th straight day RInfra ratings rise as Mumbai power business sale cuts debt Rupee ends at lowest level of 71.21 per dollar