Tag: Business

India Authorises Apple, Dell, Others To Import Laptops, Tablets: Report

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India Authorises Apple, Dell, Others To Import Laptops, Tablets: Report

India’s union trade ministry did not immediately respond to a request for comment. (Representational) New Delhi: Apple, Dell, HP, Samsung and Lenovo are among 110 firms authorised by India to import laptops, tablets and personal computers under a new system aimed at monitoring shipments, two government sources said. Acer, Xiaomi, IBM and ASUS have also…

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Business

Indian Firms Can Now List Directly On Foreign Stock Exchanges, But Conditions Apply: Centre

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Indian Firms Can Now List Directly On Foreign Stock Exchanges, But Conditions Apply: Centre

Centre allows direct overseas listing of Indian firms, notifies relevant section under companies law New Delhi: In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions. The corporate affairs ministry has notified the relevant section under the companies law in this regard. Currently, overseas listings by…

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Business

Punjab National Bank Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters

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Punjab National Bank Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters

Punjab National Bank will open 100-150 new branches in the current fiscal. New Delhi: Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter – the highest in the previous 14 quarters – on the back of higher interest income…

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Business

Sensex Tumbles 900 Points, Plummets 6th Consecutive Day; Now Below 64,000

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Sensex Tumbles 900 Points, Plummets 6th Consecutive Day; Now Below 64,000

The 30-share BSE Sensex slumped 900.91 points or 1.41 per cent to settle below the 64,000 mark Mumbai: Sliding for the sixth straight session, equity benchmark Sensex today plunged about 900 points to crash below the 64,000 level due to an across-the-board selloff amid heightened tension in the Middle East. Besides sluggish trends in global…

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Business

Sensex, Nifty Continue To Plunge For 6th Consecutive Day

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Sensex, Nifty Continue To Plunge For 6th Consecutive Day

The 30-share BSE Sensex plunged 502.5 points to 63,546.56. Mumbai: Equity benchmark indices declined in early trade on Thursday, continuing their weak momentum, amid negative trend in global markets and fresh foreign fund outflows. The 30-share BSE Sensex plunged 502.5 points to 63,546.56. The Nifty fell 159.55 points to 18,962.60. Among the Sensex firms, Tech…

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Business

Sensex, Nifty Tumble Nearly 1%, Continues Plunge For 5th Consecutive Day

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Sensex, Nifty Tumble Nearly 1%, Continues Plunge For 5th Consecutive Day

Falling for the fifth day running, the 30-share BSE Sensex tanked 522.82 points or 0.81 per cent Mumbai: Benchmark equity indices Sensex and Nifty plunged nearly 1 per cent today, in continuation with the pessimistic trend amid the ongoing tensions in the Middle East. Falling for the fifth day running, the 30-share BSE Sensex tanked…

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Business

Rs 2,000 Notes Worth Rs 10,000 Crore Left In System: RBI Governor

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Rs 2,000 Notes Worth Rs 10,000 Crore Left In System: RBI Governor

RBI Governor said only Rs 10,000 crore worth Rs 2,000 notes are still with people. New Delhi: Reserve Bank Governor Shaktikanta Das today said Rs 2,000 denomination notes are coming back and only Rs 10,000 crore worth of such notes are still with people. He exuded confidence that these notes will also be returned or…

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Business

Centre Tweaks Licensing Norms For Laptop, Computer Imports. Details Here

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Centre Tweaks Licensing Norms For Laptop, Computer Imports. Details Here

The government today tweaked curbs on imports of laptops and computers. (Representational) New Delhi: The government today tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere ‘authorisation’ upon detailing quantity and value. The new ‘import management system’ is aimed at…

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Business

India Allows Export Of Over 10 Lakh Tonnes Of Non-Basmati White Rice To 7 Countries

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India Allows Export Of Over 10 Lakh Tonnes Of Non-Basmati White Rice To 7 Countries

Government has permitted exports of 10,34,800 tonnes of non-basmati white rice (Representational) New Delhi: The government today said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said…

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Business