Business

Mumbai: Stock market benchmark indices Sensex and Nifty crashed nearly 3 per cent Monday following extremely weak trends in global equity markets amid fears of a slowdown in the US economy. The 30-share BSE Sensex plummeted 2,222.55 points or 2.74 per cent to settle at...

New Delhi: Tata Power Monday said it has received a letter of intent from PFC Consulting to acquire a project-specific special purpose vehicle. PFC Consulting is a wholly-owned subsidiary of Power Finance Corporation. In an exchange filing, Tata Power said it "has received a Letter...

New Delhi: Byju Raveendran has filed a caveat before the Supreme Court against its US-based creditor Glas Trust Company LLC over the order passed by the insolvency appellate tribunal NCLAT. The caveat was filed before the apex court August 3, a day after the National...

Mumbai: Global markets were in the deep red Monday as the US economic slowdown weighed heavily on the financial markets. Heavy selling pressure was seen in all major Asian markets. Japan crashed by 10 per cent, Seoul tumbled over 8 per cent, Taipei fell by...

New Delhi: RBI interest rate decision, macroeconomic data and global trends would guide markets' movement this week, analysts said. Besides, trading activity of foreign investors and the last batch of Q1 earnings announcements would also guide trends in equities. HSBC PMI (Purchasing Managers' Index) for...

Mumbai: Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5 per cent Thursday, and wait for more macroeconomic data before taking a call on rate cut in line with expectations, experts said. The US Federal Reserve has decided to...

New Delhi: In a robust funding week, at least 32 Indian startups secured more than $341 million in funding. The Indian startup ecosystem saw six growth-stage funding deals and 22 early-stage deals last week. Six startups raised more than $216 million, led by mobility startup...

Berhampur: The Odisha government has decided to open 82 new primary agriculture cooperative societies (PACS), 21 primary milk cooperative societies and to make five PACS as multi-purpose societies in Ganjam district, an official said Sunday. This was decided at the Ganjam district cooperative development committee...

Bhubaneswar/Keonjhar: The Odisha government Saturday decided to form a task force, headed by the Chief Secretary, for setting up a mega steel plant in Keonjhar, the home district of the Chief Minister, officials said. The decision was taken during a meeting where Chief Minister Mohan...

New Delhi: The next round of talks for the ongoing review meeting of the India-Asean free trade agreement in goods will be held in November, an official statement said Saturday. The third round of the negotiations was concluded August 1 in Jakarta, Indonesia. Eight sub-committees...