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Rupee opens marginally higher against U.S. dollar

15:55:00 | 19-Mar-2019
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The rupee edged two paise higher to 68.51 against the U.S. dollar in early trade Tuesday sooner than the Federal Reserve’s policy meet. Besides the greenback’s weakness against some currencies overseas, hyperbolic merchandising of the american currency by...

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Hyundai, Kia invest $300 million in ola for electrical vehicles, good quality solutions

15:55:00 | 19-Mar-2019
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Korean automobile major Hyundai and its subsidiary Kia have along endowed $300 million in ride-hailing company ola to put together develop electrical vehicles system and fleet services for world markets. Under the partnership, the 3 firms also will aim to develop electrical vehicles (EVs)...

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Mastercard involved India information rules could hinder fraud detection 

15:50:00 | 19-Mar-2019
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Mastercard opposition is bothered that India’s strict information localization rules might compromise its ability to find frauds and hiding within the domestic payments system. Storing client information solely in India while not making mirror sites overseas is risky as a result of...

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Anil Ambani pays up, thanks ‘respected elder brother Mukesh, Nita’

15:50:00 | 19-Mar-2019
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Racing to satisfy the four-week point in time set by the Supreme Court and averting a possible jail term for its chairman Anil Ambani, Reliance Communications Ltd (RCom) Monday said it had paid Rs 550 crore and interest to Swedish telecom equipment maker Ericsson. Thanking...

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Jet Airways flight safety in danger, says engineers’ union; Suresh Prabhu orders emergency meet

15:45:00 | 19-Mar-2019
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“It has been arduous for United States to fulfill our money necessities, results of that have adversely affected the psychological condition of craft Engineers at work and thus the protection of transport airplanes being flown by Jet Airways across India and also the world is in...

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No room in India for authoritarian impositions from above: Manmohan Singh

16:50:00 | 18-Mar-2019
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Former prime minister Manmohan Singh stressed on Friday that no innovation publically policy “can succeed while not an inexpensive accord concerning it” and India has “opted for a democratic path for ourselves”. He aforesaid “there isn't any room for...

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‘Demonetisation a policy mistake, job scene most worrying today’

16:40:00 | 18-Mar-2019
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“The most worrying is that the jobs situation. it's unfortunate that knowledge on unemployment are being control back,” rued economic expert Kaushik Basu who was the chief guest at the 54th convocation of IaIM-Ahmedabad on Saturday. Calling 2016 termination a...

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$5 billion currency swap window can down rates on high rupee liquidity

16:35:00 | 18-Mar-2019
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The $5 billion rupee-dollar swap window declared by the reserve bank of India (RBI) can result in downward movement in interest rates as injection of upper rupee liquidity can facilitate lower yields on government bonds. Sources same this can bring down interest prices for high-rated Indian...

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As motor vehicle bill lapses, hike in fine for violations stuck in limbo

16:30:00 | 18-Mar-2019
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The planned motor vehicles (Amendment) Bill, 2017 – that has suggested a large hike in numerous penalties for traffic violations like drunk driving, rash driving and driving while not licence, recall of defective vehicle components by automotive vehicle firms and creating vehicle owners...

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HDFC Bank cuts MCLRs by five basis points

15:35:00 | 08-Mar-2019
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HDFC Bank on Thursday reduced the marginal cost-based loaning rate (MCLR) for two- and three-years tenors by five basis points (bps) to eight.85 per cent and nine per cent, severally, in line with the lender’s web site. The country’s largest non-public sector...

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Bottlenecks exist in data sharing: social control board to Parl panel

15:35:00 | 08-Mar-2019
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Enforcement board Director Sanjay Kumar Mishra told a parliamentary committee here on Thursday that sure bottlenecks still existed for sharing data among government departments withal the changes created within the bar of cash washing Act (PMLA) and agreements signed with varied countries for...

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Tokyo court grants bail to ousted Nisan chairman Carlos Ghosn when 103 days in jail

17:50:00 | 05-Mar-2019
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A Tokyo court on Tuesday granted bail to Carlos Ghosn, the ousted chairman of Nisan Motor Co Ltd who is fighting charges of economic misconduct, when over 3 months in detention, Ghosn’s lawyer said. Japanese public broadcaster NHK rumored that bail for Ghosn, who has been has been in...

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