Business

Sensex trades in red; banks stocks down

A benchmark index of Indian equities markets was trading flat in the morning trade session Monday - down 67.26 points or 0.24 percent percent as bank stocks plunged.

Commercial operation of Kudankulam N-plant only in 2015

Commercial operation of the first 1,000 MW unit at Kudankulam Nuclear Power Project (KNPP) is expected to happen only next year with the Central Electricity Regulatory Commission (CERC)

Japanese docs to help develop low-cost surgical devices in India

In a significant move designed to boost Prime Minister Narendra Modi’s ’Make in India’ campaign, a team of Japanese doctors will work with their Indian counterparts in research and development to bring down the high cost of surgical instruments

IMF

G20 to enhance global institutions to meet growth goal

G20 leaders Sunday stressed the need to strengthen global institutions to raise growth and deliver quality jobs.

No guns; Pakistani merchants opt for peace and businesses at the trade fair

Exchanges of bullets, shells or mortars on the Kashmir border have not dampened the morale of Pakistan-based traders and merchants, who are making ’a killing’ of a sales season at the trade fair here.

Odisha CM hopes Posco project will be back on track

Even as South Korean company Posco’s $12 billion steel project, proposed to be set up at Jagatsinghpur, is yet to see the light of the day after nine years

Fighting graft crucial to achieve G20 growth targets: TI

Global anti-corruption group Transparency International (TI) said Saturday that fighting graft is very important for the G20 to achieve its growth targets and lauded China’s collaboration with Australia against corruption.

BRICS leaders dissatisfied with slow IMF reforms

The BRICS leaders Saturday reaffirmed their disappointment and serious concern over the non-implementation of the 2010 International Monetary Fund (IMF) reforms at an informal meeting hours ahead of the G20 leaders summit in Brisbane.

Infosys ties up with DreamWorks for new solutions

Global software major Infosys has entered into a strategic partnership with DreamWorks Animation SKG to develop new engineering solutions.

Repatriation of black money key priority: Modi at BRICS

Indian Prime Minister Narendra Modi Saturday said the repatriation of black money kept abroad was a key priority and called for "close coordination" on the issue during an informal meeting of the five-nation BRICS leaders here.

Sensex gains 65 points; consumer durables stocks surge

A benchmark index of Indian equities markets Thursday was trading 65.37 points or 0.23 percent up in the early session as the consumer durables sector gained.

Chinese yuan strengthens

The value of the Chinese currency renminbi, or the yuan, strengthened by 10 basis points to 6.1418 against the US dollar in its central parity rate Thursday, authorities said.

Sushma Swaraj urges expatriates to invest in India

External Affairs Minister Sushma Swaraj Wednesday called upon the Indian expatriate community to make optimum use of the opportunities being offered by the Narendra Modi government in the manufacturing, infrastructure and trade sectors.

Sensex touches new high; bank stocks roll

A benchmark index of Indian equities markets Wednesday touched a record high of 28,126.48 points, surpassing its previous high of 28,027.96 points of Nov 10.

Bank strike hits business in Karnataka

A day-long strike Wednesday by over 50,000 employees of state-run banks crippled transactions and customer services in about 10,000 branches across Karnataka.

Banking operations in India hit by staff strike

Banking operations in India were hit Wednesday as more than 800,000 employees went on a day’s strike to seek a salary hike and other benefits, union officials said.

Tool to help multinational firms assess bribery risk

Researchers have created a tool that will help multinational companies assess the business bribery risks faced when conducting business in foreign countries and tailor compliance policies to address those threats.

Reliance Power commissions 100-MW solar unit in Rajasthan

Reliance Power, a part of the Anil Ambani-led group, has commissioned a 100-MW solar project in Rajasthan at a cost of Rs.2,100 crore, and synchronised the supplies to the grid.

Strike hits banking operations in Tamil Nadu

Banking operations in Tamil Nadu came to a virtual standstill Wednesday as around 60,000 bankers demanding a wage revision went on a strike, said an official.

Data tariff may drop 20 percent with Reliance Jio’s entry: Fitch

The entry of Reliance Jio in the telecom space in the first half of 2015 will intensify competition in the data space and may cause data tariff to decline by at least 20 percent, Fitch Ratings said here Tuesday.

SAT to hear appeals filed by DLF, executives Dec 10

The Securities Appellate Tribunal (SAT) Tuesday admitted an appeal filed by top executives of realty major DLF Ltd against the capital market regulator’s Oct 13 market access ban order.

Panel on fixing coal-auction floor price to meet Tuesday

An inter-ministerial committee (IMC) of secretaries is expected to meet here Tuesday to work out a methodology for setting reserve prices for auctioning coal blocks cancelled recently by the Supreme Court.

G20 nations subsidise fossil fuel exploration by $88 billion: Study

The world’s major economies subsidise oil, gas and coal companies by as much as $88 billion a year to explore new reserves, media reported Tuesday, citing a new study.

IS planning to introduce own currency?

The Islamic State (IS) terrorist organisation plans to introduce its own currency and bring back solid gold and silver coins, according to media reports.

Google signs 60-year lease with NASA

In a bid to reduce costs and shed surplus property, the US space agency has signed a 60-year lease with Planetary Ventures LLC - a shell organisation operated by Google for real estate deals

Sensex gains 61 points; healthcare stocks surge

A benchmark index of Indian equities markets Tuesday was trading 61.02 points or 0.22 percent up in the early session as the healthcare sector gained.

India, Australia to conclude several agreements during Modi visit

Fixing up timelines for concluding negotiations on a bilateral trade agreement

CIL to mine 1,000 million tonnes coal by 2019

Union Coal Secretary Anil Swarup Monday said the state-owned Coal India Ltd (CIL) would mine 1,000 million tonnes of coal by 2019 -- doubling its present production of 500 million tonnes.

Indian healthcare providers to spend $1.1 bn on IT in 2014: Gartner

Healthcare providers in India are expected to spend $1.1 billion on information technology products and services in 2014, an increase of 5 percent over 2013, Gartner said here Monday.

’Child mortality rates falling in the developing world’

The child mortality gap has narrowed between the poorest and wealthiest households in more than 50 developing countries, says a new study from Stanford University’s School of Medicine.

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