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Global markets tumble 10 pc amid US recession fears
Business

Global markets tumble 10 pc amid US recession fears

Mumbai, Aug 5: Global markets were in the deep red on Monday as the US economic slowdown weighed heavily on the financial markets. Heavy selling pressure was seen in all major Asian markets. Japan crashed by 10 per cent, Seoul tumbled over 8 per cent, Taipei fell by 4.43 per cent, Jakarta was down...
South Korean stock markets sink over 5 pc on US slowdown fears
Business

South Korean stock markets sink over 5 pc on US slowdown fears

Seoul, Aug 5: South Korean stocks tumbled more than 5 per cent on Monday as fears of a US economic slowdown weighed heavily on the financial market, with a five-minute trade halt issued during the intra-day trading. The benchmark Korea Composite Stock Price Index (KOSPI) had fallen 140.25 points, or...
Zoho to foray into eastern UP this year: CEO Sridhar Vembu
Business

Zoho to foray into eastern UP this year: CEO Sridhar Vembu

New Delhi, Aug 5: In a first such move, Cloud software major Zoho is likely to mark its presence in eastern Uttar Pradesh this year, the company's Co-founder and CEO Sridhar Vembu said on Monday. The Chennai based SAAS company last year surpassed 100 million users across over 55 business...
Sensex trades lower on negative global cues
Business

Sensex trades lower on negative global cues

Mumbai, Aug 5: Indian equity indices opened in the deep red on Monday following negative cues from Asian peers. At 9.42 a.m., Sensex was down 1,509 points or 1.86 per cent at 79,460 and Nifty was down 465 points or 1.88 per cent at 24,252. The market trend remains negative. On the National Stock...
SL
Business

SL's Supreme Court grounds controversial deal to issue on-arrival visa by...

Colombo, Aug 5: Sri Lanka's Immigration Department has reverted to issuing on-arrival visas at the points of entry, and airport after the Supreme Court suspended a controversial deal outsourcing online visa issuing to a tripartite joint venture, including an Indian company.Issuing of online visas...
ASEAN-India trade talks in Jakarta pave way for closer ties
Business

ASEAN-India trade talks in Jakarta pave way for closer ties

New Delhi, Aug 3: Ministry of Commerce and Industry on Saturday said that the 5th meeting of the joint committee for the review of the ASEAN-India Trade in Goods Agreement (AITIGA) was held at the ASEAN Secretariat in Jakarta. “It marks a significant milestone in enhancing economic cooperation...
Centre empowered over 10K startups with Rs 580 cr funding in 5 years
Business

Centre empowered over 10K startups with Rs 580 cr funding in 5 years

New Delhi, Aug 3: The Union government empowered more than 10,000 technology startups through various schemes in the last five years, said Jitin Prasada, Minister of State for Electronics & Information Technology, in a written reply to a question in Rajya Sabha. The Centre disbursed a total...
Weekly Wrap: Sensex ends eight week gaining streak after recession fears in global market
Business

Weekly Wrap: Sensex ends eight week gaining streak after recession fears in...

Mumbai, Aug 3: Indian equity indices witnessed a loss in the last week due to fear of recession in the global market. On Friday, Sensex ended at 80,981, down 855 points or 1.08 per cent and Nifty closed at 24,717, down 293 points or 1.17 per cent. With this frontline indices snapped an eight-week...
Portugal approves major investments in national energy grid
Business

Portugal approves major investments in national energy grid

Lisbon, Aug 3: The Portuguese government announced that it has greenlit a series of significant investments by Redes Energetics Nacionais (REN) aimed at extending and developing the National Transmission Network (RNT). The approval, announced in a statement by Environment and Energy Minister Maria...
Area sown under kharif crops grows by 3 pc in current season
Business

Area sown under kharif crops grows by 3 pc in current season

New Delhi, Aug 3: India has recorded a 3 per cent increase in the area sown under Kharif crops to 904.60 lakh hectares so far this year, compared to 879.22 lakh hectares in the same period last year, according to the latest data compiled by Ministry of Agriculture. The area under key crops including...
Centre approves hydro pumped storage plants in Odisha, Karnataka
Business

Centre approves hydro pumped storage plants in Odisha, Karnataka

New Delhi, Aug 2: The Central Electricity Authority (CEA) has given its approval to two Hydro Pumped Storage Plants (PSPs), which include the 600 MW Upper Indravati in Odisha being developed by OHPC Ltd and 2000 MW Sharavathy in Karnataka being developed by KPCL, the Union Ministry of Power...
Sensex opens lower on negative global cues
Business

Sensex opens lower on negative global cues

Mumbai, Aug 2: Indian stock indices opened lower on Friday following negative cues from global markets. At 9:23 a.m., Sensex was down 587 points or 0.72 per cent at 81,280 and Nifty was down 185 points or 0.74 per cent at 24,825.Selling is seen in the broader markets. Nifty midcap is down 297 points...
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