Benchmark BSE Sensex advanced over 130 points on Tuesday, continuing its rising streak for the fourth straight day, on firm global leads after Chinese President Xi Jinping’s speech eased worries over a trade war. The 30-share Sensex was trading higher by 130.31 points, or 0.38 per cent, at 33,918.85, with all the sectoral indices rising […]
Business
Meru Cabs to turn to corporate clients to shore up revenues
New Delhi: Taxi operator Meru Cabs plans to focus more on corporate clients in order to shore up its revenue as the B2C segment is already hogged by two heavily-funded players – Ola and Uber. According to a report in the Economic Times, Meru Cab is looking to double down on its B2B offering, which […]
Shares end higher as US-China trade worries abate
Domestic stock market advanced, tracking positive global cues, helped by what appeared to be a pause in the ongoing trade skirmish between the US and China, the world’s two biggest economies. The barometer index, the S&P BSE Sensex, rose 161.57 points or 0.48% to 33,788.54, as per the provisional closing data. The Nifty 50 index rose 47.75 points or 0.46% to 10,379.35, […]
Foreign travel ban on Deepak Kochhar, Dhoot as CBI probes ICICI-Videocon loan
New Delhi Immigration authorities have put a bar on Videocon Group promoter Venugopal Dhoot and Deepak Kochhar, husband of ICICI Bank managing director and chief executive officer Chanda Kochhar, from leaving the country by issuing a so-called lookout circular (LoC) against them. Both of them have been named in the preliminary enquiry (PE) registered by […]
India asks Hong Kong to arrest jeweller Nirav Modi in PNB fraud case
New Delhi India has asked authorities in Hong Kong to arrest jeweller Nirav Modi, one of the main suspects in a $2-billion fraud at state-run Punjab National Bank, the government said, suggesting it believes the fugitive is in the Chinese territory. The whereabouts of Modi and his uncle Mehul Choksi, the other person accused in […]
Bitcoin Ban: Banks Given 3 Months To Stop Dealing In Digital Tokens
Clamping down on virtual currencies such as bitcoin, the Reserve Bank of India (RBI) on Thursday announced to ring fence banks and financial institutions from dealing in them. In its first policy statement of fiscal year 2018-19, the central bank highlighted that the banks should stop dealing with the entities that deal in digital currencies, such […]
Mercedes Benz recalls 20,779 cars in China
Beijing, February 14 Mercedes-Benz China and Beijing Benz Automotive will recall 20,779 vehicles in the country from March 9, due to defective seat belts, a quality control body statement said. Beijing Benz Automotive would recall a total of 18,893 class C and GLC vehicles manufactured between October 2016 and February 2017, said China’s General Administration […]
Honda recalls 22,834 cars in India
Japanese auto major Honda is recalling 22,834 units of Accord, City and Jazz models in India as part of a global exercise to rectify faulty airbags.The latest exercise takes the overall number of recalled vehicles, equipped with airbags manufactured by Takata, by the company to 3.13 lakh units in India. The company, which is present […]