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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Business Featured National 

Union Budget 2019 : Here’s the few things to know

The Government of India is going to present a budget 2019 on February 1st. An interim budget is an annual financial statement of a government’s finances which covers a smaller period usually a few months.   Earlier this week, the finance ministry has brought various changes in budgets:  Senior citizens should be provided deduction or reimbursement for medical expenses (purchase of medicines), which is more important than the deduction for medical insurance premium under Section 80D) The Sec 80C limit could be raised to Rs 2.5 lakh or even Rs…

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Business Featured National 

The 3rd generation new WagnoR is here

On Wednesday, Maruti Suzuki has launched its 3rd generation WagnoR in India. The new WagnoR has been priced at Rs. 4.19 lakhs for the base LXi 1.0 variant while the top of the line ZXi AGS 1.2 has been priced at Rs. 5.69 lakhs.  The new WagonR will compete with the Hyundai Santro and the Tata Tiago in the segment. The new car is larger and more powerful than the model it replaces. The new WagonR comes with 3 trim levels across two engine and gearbox options.  The all new WagonR…

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SENSEX-TRUECOLUMN Business Featured National 

Sensex jumps 192 points; RIL surges 4%

On Monday, The BSE benchmark Sensex continued its winning run for the fifth straight session rallying 192 points, and the NSE Nifty inched toward the 11,000 marks, riding on strong Q3 earnings by some bluechip companies, coupled with positive global cues. Sensex went past the 36,700-mark to scale a high of 36,701.03 (intra-day) on the back of widespread gains. Finally, the 30-share index settled at 36,578.96, up 192.35 points, or 0.53 per cent. It touched a low of 36,351.77. The gauge had risen 533.05 points in the previous four sessions.…

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pm-truecolumn Business Featured National 

PM Modi Inaugurates Vibrant Gujarat Summit

Gujarat is one of India’s most progressive states that has been at the forefront of economic development and nation building. This spirit is embedded in the Vibrant Gujarat Summit, that truly represent the essence of Gujarat’s and India’s economic success. Vibrant Gujarat Summit was conceptualized in 2003 by Honorable Prime Minister of India  Mr Narendra Modi to reestablish Gujarat as a preferred investment destination within India. Today, the Summit has evolved into a platform for brainstorming on agendas of global socio-economic development, in addition to being a facilitator for knowledge…

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rbi-truecolumn Business Featured National 

CII wants RBI to cut repo rate, CRR by 50 bps

The Confederation of Industry (CII) which met RBI Governor Shaktikanta Das on Thursday, has sought policy measures for easing the tight liquidity situation by effecting a cut in cash reserve ratio of at least 50 basis points to boost credit flow. The deduction in repo rate will measure the flow of credit of MSMEs and Infrastructure sector.   The CII delegation comprised Uday Kotak, President of CII; Adi Godrej Past President of CII; Chandrajit Banerjee, Director General of CII and Vinayak Chatterjee the Chairman of CII Economic Affairs Council further suggested…

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Business Featured National 

Passengers have to pay baggage X-Ray fess at IGI from Feb 1

Delhi airport operator DIAL has made a new rule that from February 1st the passengers at Indira Gandhi International Airport will have to pay X-ray baggage fees.  The charges will be ranging from Rs 110 to Rs 880 per aircraft flying on domestic routes from next month and for International flights charges will be $149.33 to $209.55 for narrow-body aircraft. With the new rule, domestic passengers will have to pay charges of Rs. 5 and for the international passengers, the charges will be Rs 50 respectively. According to the new rule, Domestic flights having seating capacity of…

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