ambani-trcm Featured National 

Anil Ambani Guilty Of Contempt; Pay Up Or Go To Jail: Says SC

The Supreme Court on Wednesday held Reliance Communication Chairman Anil Ambani and two more directors guilty of contempt of court in a petition filed by Ericsson India against him over non-payment of dues worth over Rs 550 crore. The other two directors who have been found guilty include Reliance Telecom Chairman Satish Seth and Reliance Infratel Chairperson Chhaya Virani. In its judgement, the Supreme Court said that Anil Ambani and the two directors had to pay Rs 453 crore to Swedish telecom maker Ericsson India in four weeks, failing which they…

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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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Featured National 

Tamil Nadu budget 2019-20: Here are the highlights

On Friday the deputy Chief Minister of Tamil Nadu O. Panneerselvam presented the State’s Budget for the Financial Year 2019-20 in the Tamil Nadu Assembly. Here is the few highlights of  Tamil Nadu budget: Comprehensive Integrated Parking Management project to be implemented in Chennai at a cost of Rs.2,000 crore to accommodate two lakh four wheelers and two lakh two wheelers. One Lakh Concrete houses will be built in the areas affected by Cyclone Gaja at a cost of Rs.1,700 Crore. The Budget proposes an Arts and Science College in the name of former president A…

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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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Featured National 

RBI cuts repo rate by 25 basis points to 6.25%

The RBI monetary policy committee cut repo rate by 25 basis points to 6.25 per cent in its sixth bi-monthly monetary policy. Consequently, the reverse repo has come down to 6 per cent. And the marginal standing facility (MSF) rate and the Bank Rate come down to 6.5 per cent. The six-member MPC, headed by Reserve Bank of India (RBI) governor Shaktikanta Das, also decided to change the monetary policy stance from calibrated tightening to neutral.   “On the basis of an assessment of the current and evolving macroeconomic situation at…

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mbie-trcm Featured Technology 

Oppo K1 launched in India : Price, Specification and more

Today the Chinese smartphone maker Oppo has launched Oppo K1 in India. The new K1 will be one of the first smartphones to offer an in-display fingerprint sensor. The company revealed that the smartphone will be available via Flipkart from 12 pm IST on February 12. The smartphone is powered by the octa-core Qualcomm Snapdragon 660 processor, clocked up to 1.95GHz and will be offered with either 4GB with 64GB of internal storage which will be expandable using a microSD card. The Oppo K1 price in India is set at Rs. 16,990 for the…

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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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