Business

French delegation shows interest in investing in Odisha


Bhubaneswar, Sep 15: A French business delegation led by Alexandre Ziegler, Ambassador of France to India, on Saturday met Odisha Chief Minister Naveen Patnaik to explore investment opportunities in the state.The Chief Minister requested the French companies to invest in the state and participate in the second 'Make in Odisha conclave' scheduled...

French delegation shows interest in investing in Odisha


Bhubaneswar, Sep 15: A French business delegation led by Alexandre Ziegler, Ambassador of France to India, on Saturday met Odisha Chief Minister Naveen Patnaik to explore investment opportunities in the state.The Chief Minister requested the French companies to invest in the state and participate in the second 'Make in Odisha conclave' scheduled...

Sensex rises over 350 points, oil and gas stocks gain


Mumbai, Sep 14: A recovery in the Indian rupee's value along with broadly positive global cues and a slower rise in wholesale price inflation for August pushed the Indian equity indices higher on Friday.Sector-wise, all the indices closed in the positive territory. Healthy buying was witnessed in the consumer durables, banking and...

RInfra submits bank guarantees for Versova-Bandra Sea Link Project


Mumbai, Sep 14: A Reliance Infrastructure-led consortium has submitted Performance Security Bank Guarantee (PS-BG) and Mobilisation Advance Bank Guarantee (MA-BG) to Maharashtra State Road Development Corporation (MSRDC) for the Versova-Bandra Sea Link Project (VBSL).The consortium has submitted Rs 350 crore of PS-BG and Rs 385 crore of MA-BG to MSRDC, the company...

Lower food prices ease India’s WPI to 4.53% in August


New Delhi, Sep 14: A massive fall in food prices and cost of primary articles eased India's annual inflation rate based on wholesale prices to 4.53 per cent in August from a 5.09 per cent rise in July.However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) furnished by the Ministry...

Lower food prices eases India’s August retail inflation


New Delhi, Sep 12: Lower food prices eased India's August retail inflation to 3.69 per cent from 4.17 per cent in July, official data showed on Wednesday..

No relief in sight from rising oil prices


New Delhi, Sep 12: There is no relief in sight from the rising petrol, diesel and gas prices which are burning a hole in the consumers' pockets.The government on Wednesday eluded questions on the subject at an official media briefing here, with Petroleum Minister Dharmendra Pradhan asserting that he would not answer...

Rupee recovery, value buying buoy equity indices


Mumbai, Sep 12: A recovery in the rupee value along with value buying buoyed the key Indian equity indices on Wednesday.The key equity indices -- SP BSE Sensex and NSE Nifty50 -- which had a gap-up opening, traded in a flat-to-negative range, as investors were cautious over the upcoming macro-economic inflationary data...

Government, RBI to check rupee’s undue slide


New Delhi, Sep 12: The Finance Ministry on Wednesday said the government and the Reserve Bank of India (RBI) will take all necessary measures to check further slide of rupee.No fundamental rationale for rupee to depreciate to levels we saw till yesterday. It reflected overreaction of market operators. Government and RBI will...