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Reuters

World Bank will lend more to India with focus on infra

Finance

14 March, 2018

World Bank will lend more to India with focus on infra

The World Bank plans to raise lending to India by about $1 billion every year for the next five years ......

Sensex, Nifty close marginally lower as oil stocks drag

Markets

14 March, 2018

Sensex, Nifty close marginally lower as oil stocks drag

Indian shares ended marginally lower on Wednesday as oil stocks such as Indian Oil Corp Ltd and Oil and Natural ......

WPI inflation cools for third straight month

Finance

14 March, 2018

WPI inflation cools for third straight month

India's annual wholesale price inflation eased in February for the third straight month after touching an eight-month high in November, ......

Punjab National Bank fraud swells by $145 mn more

Finance

13 March, 2018

Punjab National Bank fraud swells by $145 mn more

The Punjab National Bank has told police that it has uncovered additional exposure of about 9.42 billion rupees ($145.2 million) ......

Sensex, Nifty close flat; Tata Sons raises $1.39 bn by selling TCS shares

Markets

13 March, 2018

Sensex, Nifty close flat; Tata Sons raises $1.39 bn by selling TCS shares

The broader NSE Nifty closed little changed on Tuesday with losses in IT stocks such as Tata Consultancy Services offsetting ......

Abraaj Capital set to cut jobs; CFO & partner Ashish Dave quit months ago

Finance

12 March, 2018

Abraaj Capital set to cut jobs; CFO & partner Ashish Dave quit months ago

The chief financial officer of Dubai-based Abraaj Holdings told Reuters he had left the embattled private equity company.Two other senior ......

Tata Sons to sell TCS shares worth $1.25 bn

TMT

12 March, 2018

Tata Sons to sell TCS shares worth $1.25 bn

India's Tata Sons is set to sell on Tuesday a roughly 1.5 percent stake in its flagship Tata Consultancy Services ......

Industrial output up 7.5% in Jan; retail inflation eases for second straight month

Economy

12 March, 2018

Industrial output up 7.5% in Jan; retail inflation eases for second straight month

India's industrial output grew 7.5 percent in January from a year earlier, government data showed on Monday.Economists surveyed by Reuters ......

Sensex, Nifty jump nearly 2% higher amid global rally

Markets

12 March, 2018

Sensex, Nifty jump nearly 2% higher amid global rally

Indian shares jumped nearly 2 percent on Monday, in line with a global rally after the latest U.S. jobs report ......

Andhra Bank shares slump to 15-year low on fraud probe

Finance

12 March, 2018

Andhra Bank shares slump to 15-year low on fraud probe

Shares in the state-run Andhra Bank, already hurt by an industry-wide spillover of a huge scam in another lender, fell ......