Business Featured 

Sachin Bansal Invests $92 Mn In Ola

Flipkart co-founder Sachin Bansal has committed more of his personal $1 billion-plus fortune towards Ola bringing his total personal investment in India’s largest cab-hailing service to roughly $92 million ( Rs 650 crore). Bansal, who reaped an exit of nearly $1 billion after selling his 5-6% stake in Flipkart during its $16-billion sale to Walmart, has invested in Ola in separate tranches over the past few months, as part of Ola’s Series J round. In January, Bansal had parked roughly $21 million ( Rs.150 crore) in Ola, which is aiming…

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Business Featured 

Sensex, Nifty decline ahead of IIP

On Tuesday domestic equities ended in the negative terrain for the fourth straight session. The BSE benchmark Sensex also falls over 200 points as investors intensified selling towards the fag end of the day, even as global cues remained positive. Investors sold heavily on reality, IT, FMCG and banking counters ahead of index of industrial production (IIP) data for December and consumer price inflation (CPI) numbers for January to be released later in the day. After opening on a positive note, the BSE Sensex advanced to hit an intraday high…

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Business Featured National 

PM Modi inaugrates Petrotech -2019

PM Modi on Monday inaugurated the PETROTECH – 2019 at India Expo Centre, Greater Noida, Uttar Pradesh. PETROTECH – 2019 is considered to be India’s flagship hydrocarbon conference. PETROTECH-2019, the 13th International Oil & Gas Conference & Exhibition is organised under the aegis of the Ministry of Petroleum & Natural Gas, Government of India. The three-day mega event will be held from 10 to 12 February 2019. PETROTECH-2019 will showcase the recent market and investor-friendly developments in India’s oil and gas sector. Over 95 Energy Ministers from partner countries and…

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SENSEX-TRCM Business Featured 

Sensex Rose 424 points; Tata Motors crashes 17%

On Friday BSE benchmark Sensex rose over 424 points led by a sharp selloff in metal and auto stocks amid negative cues from the global markets on renewed concerns over the US-China trade tiff. The 30-share index cracked 424.61 points, or 1.15%, to finish at 36,546.48, while the broader NSE Nifty fall 125.80 points or 1.14% to 10,943.60. Sudden selling in metal and auto counters led to a sharp drop at the fag end of the session, traders said. Tata Motors was the biggest loser on Sensex, cracking 17.93% after the…

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Business Featured National 

Uttar Pradesh govt presents Rs 4.79 lakh crore budget for 2019-20

Ahead of Lok Sabha polls, the Uttar Pradesh government on Thursday presented Rs.4.79 lakh crore budget for 2019-20. According to reports, the annual budget was presented by state Finance Minister Rajesh Agarwal. This year the budget is 12 per cent higher than the previous year’s budget of Rs. 4,28,384.52 crore. UP Chief Minister  Yogi Adityanath was present in the House when the Finance Minister read out the budget speech. While giving the speech, the state finance minister has announced various other schemes. The schemes include “Kanya Sumangala Yojana” the scheme is made to raise health and educational standard of…

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NIFTY-TRCM Business Featured 

Sensex, Nifty Close Higher For Fourth Straight Session

The BSE Sensex and NIFTY rose for the fourth session in a row but capped gains as investors turned cautious ahead of Reserve Bank of India’s three-day policy meet. The shares of HDFC Bank, IndusInd Bank and Maruti Suzuki were depreciated.The BSE Sensex rose 0.09 per cent or 34 points to 36,617 and the NSE Nifty 50 Index advanced 0.2 per cent or 22 points to 10,934. According to the reports of analysts, the Reserve Bank of India (RBI) would hold its repo rate, a surprise change of stance following the…

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Business Featured National 

Reliance Communications shares plunge 48% after bankruptcy filing

Today the shares of Indias largest communication service provider  Reliance Communications Ltd has plunged over 48% in morning trade after the company has decided to opt for insolvency proceedings, following its failure to sell assets for paying back its lenders. RCom fell as much as 48.27% on BSE to Rs 6 a share intraday. At 9.40 am, the stock was trading at Rs.7.34 on BSE, down 36.7% from its previous close. In comparison, benchmark Sensex fell 0.23% to 36,386.78 points. According to the report, RCom’s USD bonds due November 2020…

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Business Featured National 

Amazon Gets Alternate Sellers in Place For Selling Products

The largest e-commerce site Amazon gets new rules to remove its key grocery service and remove a wide range of products such as sunglasses and floor cleaners. In December last year, India modified foreign direct investment rules for its burgeoning e-commerce sector, which has drawn major bets from not only Amazon.com but also the likes of Walmart Inc, which last year bought a majority stake in homegrown e-commerce player Flipkart. India’s new e-commerce investment rules bar online retailers from selling products via vendors in which they have an equity interest, and…

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Business Entertainment Featured 

Manikarnika crosses Rs 50 crore-mark

The Kangana Ranaut starrer film Manikarnika: Queen of Jhansi was released on  Republic Day. The film is directed by Kangana Ranaut and Krish and produced by Zee studios in association with Kamal Jain and Nishant Pitti. A special screening of the film was organized by Zee Entertainment for Ram Nath Kovind the resident f India at Rashtrapati Bhavan, Cultural Centre on 18 January in presence of Kangana Ranaut and her team before releasing of the film on 25 January 2019. After watching the film the President felicitated the artists and crew of the film. The film Manikarnika…

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Business Featured Technology 

Samsung dials ‘M’ to take on Xiaomi

The Korean company Samsung on Monday launched its new Galaxy M smartphones in the country. The series that has been designed to ground up in India, as it looks to re-capture its pole position from rival Xiaomi. Samsung has launched two models – M20 and M10 will be priced at Rs 7,990 onwards that will be available online from February 5.  Senior vice-president of Samsung India Asim Warsi said that “Today’s millennials want a smartphone that is lighting fast, runs longer and comes loaded with latest innovations. Meaningful innovation and customer-centric approach…

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