Mumbai: Benchmark indices ended lower on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve’s interest rate decision and mixed global market trends. Robust equity buying by foreign institutional investors failed to stop the downward movement as fall in index heavyweights Reliance Industries, Tata Consultancy Services, Infosys and Larsen & Toubro weakened…
New Delhi: Gold price declined Rs 225 to Rs 60,075 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,300 per 10 grams. Silver also went lower by Rs 380 to Rs 75,600…
New Delhi: Around 39 per cent of families in a survey claimed to have experienced financial fraud in the last three years and only 24 per cent of them got their funds back, LocalCircles said in a report on Tuesday. The largest group of 23 per cent respondents in the survey indicated to have experienced…
New Delhi: Realty firm Advance India Projects Ltd (AIPL) will invest around Rs 600 crore to complete a 500-acre township project at Ludhiana in Punjab that was launched by another real estate developer Ireo group more than a decade ago but got stalled due to financial problems. The company has signed a contract with Ireo…
Mumbai: Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to “serial failure” of Pratt & Whitney engines resulting in grounding of 50 per cent of the fleet and is no longer in a position to continue to meet its financial obligations. The latest move by the Wadia group-owned…
London: Sourabh Phadke, a Pune-born architect and teacher who has been named among the selected charity champions invited to attend the Coronation ceremony of King Charles III, says he is still absorbing the news and approaching it with the spirit of the unknown. The 38-year-old was chosen for his association and great success through the…
Incheon (South Korea): Finance minister Nitmala Sitharaman on Tuesday met ADB president Masatsugu Asakawa and urged the multilateral funding agency to to support India with more concessional climate finance, as the country’s economic progress can have huge positive impact regionally and globally. During the bilateral meeting with the president here, Sitharaman said India continues to…
Mumbai: The National Congress Party (NCP) chief Sharad Pawar on Tuesday announced his decision to step down as party chief. However, he won’t retire from active politics. A committee will be formed to decide who should be given the responsibility of the party chief’s post, says Pawar. As soon as the veteran leader announced his…
New Delhi: Prime Minister Narendra Modi on Monday said the highest ever monthly GST collection of Rs 1.87 lakh crore in April is a “great news” for the Indian economy. Gross Goods and Services (GST) collection in April rose 12 per cent on an annual basis to touch the all-time high level. The collection in…
New Delhi: Prime Minister Narendra Modi on Monday greeted people on the formation day of Maharashtra and Gujarat. He tweeted, “Best wishes on Maharashtra Day. The state is blessed with a great culture and hardworking people who have enriched national progress across different sectors. I pray for the continued progress of Maharashtra in the years to…
