Business News

US stocks end mixed as investors focus on COVID-19 aid

US stocks end mixed as investors focus on COVID-19 aid

New York, Aug 11 (IANS) Wall Street's major averages ended mixed as investors eyed fiscal stimulus in the United States amid the COVID-19 crisis.On Monday, the Dow Jones Industrial Average increased 357.96 points, or 1.30 per cent, to 27,791.44. The S&P 500 was up 9.19 points, or 0.27 per cent, to 3...

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Centre may allow cooperative banks to lend under ECLGS

Centre may allow cooperative banks to lend under ECLGS

New Delhi, Aug 11 (IANS) As the Emergency Credit Line Guarantee Scheme, specially formed for MSMEs, progresses, the government is considering allowing cooperative banks to lend under it too.Addressing a webinar at the 'FICCI-SBI Atmanirbhar MSME Virtual Conclave', Micro, Small and Medium Industries ...

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SpiceJet installs on-board Wi-Fi enabled entertainment system

SpiceJet installs on-board Wi-Fi enabled entertainment system

New Delhi, Aug 11 (IANS) Airline major SpiceJet on Monday launched 'SpiceScreen', an in-flight entertainment system which enables delivery of content on to the personal devices of the passengers through Wi-Fi network.According to the company, this is an enhanced version of the airline's existing in-...

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India wants reciprocal trade with other countries: Goyal

India wants reciprocal trade with other countries: Goyal

New Delhi, Aug 10 (IANS) Commerce Minister Piyush Goyal on Monday asserted that Indian products deserve fair access to other countries before these countries can freely access the Indian market."India wants reciprocal trade with other countries," he stressed.In his address at the inaugural 'India Vi...

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IndiGo to raise Rs 4k cr via qualified institutions placement

IndiGo to raise Rs 4k cr via qualified institutions placement

New Delhi, Aug 10 (IANS) InterGlobe Aviation, which operates airline major IndiGo, has decided to raise funds worth Rs 4,000 crore.Accordingly, the company will issue equity shares by way of a qualified institutions placement to raise the fund.The decision was taken by the company's board in its mee...

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IFC invests $10 mn in Endiya Fund II to support product start-ups

IFC invests $10 mn in Endiya Fund II to support product start-ups

Hyderabad, Aug 10 (IANS) The Endiya Fund II has received a commitment of about $10 million (Rs 75 crore) from the International Finance Corporation (IFC), a member of the World Bank Group.The IFC has also committed an additional $10 million for direct co-investments alongside Endiya Fund II. The par...

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Titan logs Rs 270 cr Q1 loss

Titan logs Rs 270 cr Q1 loss

Mumbai, Aug 10 (IANS) Tata group firm Titan Company Ltd on Monday reported standalone loss of Rs 270 crore for the April-June quarter as the coronavirus pandemic severely impacted its operations with retail outlets closed for large part of the period under review.During the corresponding period last...

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FM launches online dashboard for National Infrastructure Pipeline

FM launches online dashboard for National Infrastructure Pipeline

New Delhi, Aug 10 (IANS) Union Finance Minister Nirmala Sitharaman on Monday launched the National Infrastructure Pipeline's (NIP) online dashboard through video conferencing.An official statement said the online dashboard is envisaged as a one-stop solution for all the stakeholders looking for info...

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SEBI guidelines to aid trustees in monitoring AMCs activities

SEBI guidelines to aid trustees in monitoring AMCs activities

New Delhi, Aug 10 (IANS) The Securities and Exchange Board of India (SEBI) on Monday issued guidelines to provide administrative assistance to trustees in monitoring various activities of asset management companies (AMCs).As per the SEBI circular, trustees should appoint a dedicated officer having p...

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AI Express crash: Agency hired to recover passengers' baggage

AI Express crash: Agency hired to recover passengers' baggage

Chennai, Aug 10 (IANS) Air India, and its subsidiary Air India Express, have engaged the services of a baggage recovery agency to recover the belongings of the passengers of the crashed Dubai-Kozhikode flight.The Air India Express flight skidded off the runway while landing at the Kozhikode Airport ...

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