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Tribune India 10/22/2020 04:45
United Nations, October 22. Export growth declined in India in the third quarter of 2020 relative to the same quarter last year but picked up pace in September, according to a global trade update by the UN. The UNCTAD's new global trade update said that global trade recorded a 5 per cent drop in the third quarter of 2020 compared with the same period last year.
Tribune India 10/22/2020 02:55
Mumbai, October 22. Equity benchmark Sensex dropped over 250 points in early trade on Thursday, tracking losses in index majors Reliance Industries, ICICI Bank and Infosys amid weak cues from global markets. The 30-share BSE index was trading 279.13 points or 0.69 per cent lower at 40,428.18, and the broader NSE Nifty fell 80.05 points or 0.67 per cent to 11,857.60. ICICI Bank was the top laggard in the Sensex pack, shedding around 2 per cent, followed by Asian Paints, Reliance Industries, PowerGrid, Nestle India and SBI. On the other hand, Bajaj Finserv, Bajaj Finance, Bharti Airtel, Lamp;T and UltraTech Cement were among the gainers. In the previous session, Sensex settled 162.94 points or 0.40 per cent higher at 40,707.31, and the broader.
Tribune India 10/22/2020 02:39
Bengaluru, October 22. Organisations in India are seeing a significant increase in the cybersecurity challenges they face amid the shift to mass remote working, a new study by Cisco shows. According to the study, 73 per cent of organisations in the country have experienced a 25 per cent or more jump in either cyber threats or alerts since the start of COVID-19. Cisco's 'Future of Secure Remote Work Report' revealed that many Indian organisations were unprepared to make the accelerated transition to a remote workforce at the outset of COVID-19. About two-thirds (65 per cent) of organisations adopted cybersecurity measures during COVID-19 to support remote working. The study is based on a survey of over 3,000 IT decision-makers globally, inclu.
Tribune India 10/21/2020 22:20
Hong Kong: Hong Kong airline Cathay Pacific Airways said on Wednesday it would cut 8,500 jobs and shut a regional airline as it grapples with the plunge in air travel due to the pandemic. About 5,300 employees based in Hong Kong and another 600 elsewhere will likely lose their jobs, and 2,600 unfilled positions will be cut. ap. New Delhi Videocon case: Dhoots offer to pay Rs30,000 cr. The Dhoot family has offered to pay Rs 30,000 crore to lenders to settle their outstanding loans and pull out 13 Videocon group companies from the insolvency proceedings. A proposal for paying the amount has been forwarded to the Committee of Creditors (CoC) of the Videocon Industries, Venugopal Dhoot said. PTI. San Francisco Amazon extends WFH option till June 2.
Tribune India 10/21/2020 22:20
Mumbai, October 21. The country's largest lender SBI on Wednesday announced concession of up to 25 bps on its home loan rates. With this, customers would get an interest concession of 25 bps on a home loan of above Rs 75 lakh if they apply through YONO. The bank is offering a credit score-based concession of up to 20 bps from 10 bps earlier, for a home loan of above Rs 30 lakh to Rs 2 crore across the country. The same concession would also be applicable for home loan customers for a loan amount of up to Rs 3 crore in eight metro cities. — PTI. Festive offer. The lender is offering interest rates starting as low as 6.90% for a home loan of up to Rs30 lakh and 7% for above Rs30 lakh. .
Tribune India 10/21/2020 22:20
Mumbai, October 21. Equity indices closed in the green for the fourth successive session on Wednesday as robust buying in banking and finance stocks outweighed profit booking in IT counters. After gyrating 825.54 points in a highly volatile session, the Sensex ended 162.94 points higher at 40,707.31. The Nifty rose 40.85 points to finish at 11,937.65. — PTI.
Tribune India 10/21/2020 11:03
New Delhi, October 21. E-commerce major Flipkart on Wednesday said sellers on its platform saw significant growth in orders across categories like mobile phones, fashion and furniture with the platform witnessing about 110 orders placements per second during its The Big Billion Days (TBBD) sale. The Walmart-owned company did not disclose the total number of orders it received during the festive sale that started on October 16 and will end on October 21.
Tribune India 10/21/2020 07:23
Mumbai, October 21. Extending its gains for the fourth session, equity benchmark Sensex ended 163 points higher on Wednesday, led by index majors HDFC twins and ICICI Bank. After gyrating 825.54 points in a highly volatile session, the 30-share BSE index ended 162.94 points or 0.40 per cent higher at 40,707.31. Similarly, the broader NSE Nifty rose 40.85 points or 0.34 per cent to finish at 11,937.65. PowerGrid was the top gainer in the Sensex pack, surging over 4 per cent, followed by Bharti Airtel, Tata Steel, NTPC, HDFC Bank, UltraTech Cement and Kotak Bank. On the other hand, TCS, Nestle India, Reliance Industries and HCL Tech were among the laggards. "Domestic indices managed to close in the green, but not without its share of hiccups o.
Tribune India 10/21/2020 02:49
New Delhi, October 21. A very large portion of COVID-19 vaccines are likely to be manufactured in India through the country's strong and robust private sector partners, said Bill and Melinda Gates Foundation CEO Mark Suzman. In an interview to PTI, Suzman noted that India is doing everything it can right now with the resources at hand to fight the COVID-19 pandemic. "I think India is doing everything it can right now with the resources at hand, but we are all hopeful that next year as some of these vaccines should come out...
Tribune India 10/21/2020 01:59
Mumbai, October 21. Equity benchmark Sensex rallied over 400 points and the Nifty topped the 12,000 mark in opening trade on Wednesday tracking strong buying sentiment in index majors HDFC twins, ICICI Bank and Reliance Industries amid positive cues from global markets. The 30-share BSE index was trading 404.42 points or 1 per cent higher at 40,948.79, and the broader NSE Nifty rose 113.55 points or 0.95 per cent to 12,010.35. IndusInd Bank was the top gainer in the Sensex pack, surging around 3 per cent, followed by HDFC, Tata Steel, ICICI Bank, Axis Bank, SBI, Titan, Kotak Bank and Reliance Industries. On the other hand, Nestle India, HUL and TCS were among the laggards. In the previous session, Sensex settled 112.77 points or 0.28 per cen.
Tribune India 10/20/2020 21:41
New Delhi, October 20. In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. Debt stands at Rs60,074 cr as of March '19. The potential investors have given feedback that due to the uncertainty created by Covid in the aviation sector the debt should not be fixed at the EoI stage. As per the Air India EoI floated by DIPAM in January, of the airline's total debt of Rs60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs23,286.5 crore, while the rest would be transferred to Air India Assets Holding Ltd, a special purpose vehicle. The flexibility to potential investors on the quantum.
Tribune India 10/20/2020 21:40
Vijay C Roy. Tribune News Service. Chandigarh, October 20. STUMBLING BLOCK. Though this initiative seems to bring respite to the industry, additional transportation cost and time lost in transit is acting as a stumbling block for industrialists. As the industry in Punjab and Chandigarh is grappling with shortage of primary steel due to prolonged farmers' unrest and railway obstructions, steel companies have decided to dispatch rake load of steel to Ballabhgarh railway station in Faridabad instead of Punjab.
Tribune India 10/20/2020 21:40
Mumbai, October 20. Budget carrier SpiceJet on Tuesday announced the launch of 62 new flights, including four international services to Muscat from Delhi and Ahmedabad and back, starting Thursday under the air bubble agreement with Oman. The 58 domestic flights include services on Delhi-Kandla-Delhi sector, Ahmedabad-Goa-Ahmedabad, Goa-Hyderabad-Goa, Mumbai-Guwahati-Mumbai, Ahmedabad-Kolkata-Ahmedabad, Delhi-Durgapur-Delhi,Hyderabad-Mumbai-Hyderabad, Kochi-Kolkatandash;Kochi, Pune-Chennai-Pune, Madurai-Delhi-Madurai and Mangalore-Delhi-Mangalore sectors, SpiceJet said. All these new services will be operated with a mix of its Boeing 737 and Bombardier Q400 aircraft on all these routes, it said.
Tribune India 10/20/2020 21:40
New Delhi: FMCG major Hindustan Unilever on Tuesday reported an 8.58% increase in consolidated net profit to Rs 1,974 crore for the quarter ended September 30. Its sales during the quarter under review stood at Rs 11,510 crore, up 15.89% compared to Rs 9,931 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing. PTI. NHPC okays merger of Teesta VI hydro project. New Delhi: NHPC Board on Tuesday approved a proposal to start merger of Lanco Teesta Hydro Power Ltd into the company. The NHPC had bagged the 500 MW Teesta VI hydro power project under corporate insolvency resolution process. Lanco Teesta Hydro Power Ltd was executing the 500 MW (125 MWx 4) Teesta VI hydro project on Teesta river in Si.
Tribune India 10/20/2020 06:38
Mumbai, October 20. More number of people have seen the now-withdrawn Tanishq advertisement as the controversy also created a "movement" where many were buying Tanishq products to take a stand, the advertisement campaign's creator said on Tuesday. "The ad showed realities and after the controversy, a silent majority of people has started speaking out against a vocal minority," according to Amit Akali, managing partner and creative head of 'Whats Your Problem', the agency behind the advertisement campaign. In an interview to PTI, he also asserted that no one would have expected the backlash because "communal harmony is the centre of our fabric". Nevertheless, on withdrawing the advertisement, he termed Tanishq as a "brave" company that consid.
Tribune India 10/19/2020 21:56
Beijing, October 19. China's economy, which suffered 6.8% slump in Q1 due to the coronavirus pandemic — the worst in 44 years, bounced back posting 4.9% growth between July and September (Q3) buoyed by the government's sweeping efforts to stimulate demand and consumption. The world's second-largest economy, the first to have been hit by the Covid early this year and the earliest to have recovered, grew faster than the 3.2% growth posted in Q2, data released by the National Bureau of Statistics (NBS) said on Monday. In the first three quarters, China's GDP expanded 0.7% year-on-year, returning to growth after the 1.6% contraction in the first half of the year and the 6.8% slump in Q1, the data showed.
Tribune India 10/19/2020 21:56
BN De Bhowmick, executive director (TD), Powergrid, has been awarded the prestigious IEC 1906 Award by the International Electrotechnical Commission. It recognises the major inputs made in furthering standardisation in the field of electrotechnology. SCOPE conducts 46th AGM. The 46th AGM of Standing Conference of Public Enterprises (SCOPE) was recently held and chaired by Rakesh Kumar, chairman, SCOPE. The AGM highlighted its renewed efforts to reposition as an innovative, impactful and inspiring body by exploring new opportunities. NFL distributes cotton-plucking machines to farmers in Haryana. National Fertilizers Limited has distributed 95 cotton-plucking machines to farmers under its CSR initiative in Haryana. The machines were distribute.

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