Category Archives: Business

Gold imports dip 5 per cent during April-January to $26.93 billion

Jaitley to address RBI board on Monday

The customary post-budget meeting will take place against the backdrop of a slight deviation from the fiscal deficit target for the current financial year, tax rebate for income up to Rs 5 lakh and income support scheme for 12 crore farmers

First time in FY19, RBI becomes net buyer of dollars in Dec

As against this, in December 2017, the RBI was a net buyer of $ 5.647 billion, after it bought $ 6.008 billion from the market and sold $ 361 million. Between April and November 2108, the central bank had net sold $ 26.51 billion in the spot market against net purchase of $ 18.017 billion in the same period in 2017

A ‘Nymble’ attempt at robotic cooking

That is when Malhotra, then a mechanical engineering student at Delhi College of Engineering, realised cooking is not easy, and along with his school friend Raghav Gupta, who was studying electrical engineering at Jamia Milia Islamia, decided to automate the cooking process.

NBCC leads race for Jaypee Infratech

The state-owned NBCC is seen to be ahead in the race to acquire Jaypee Infratech under the insolvency resolution plan.

Privatisation: GMR, Adani bid for all 6 AAI airports

PE firms see bonanza in residential realty sector

The domestic residential real estate space has been in a rut for years with failed and delayed projects putting buyers off. Developers more recently have been hit by a credit squeeze as banks struggle with bad debts and a crunch in the shadow banking sector.

TechM board to meet on Feb 21 to consider share buyback

Cash-laden Indian IT firms have been returning surplus cash on their books to shareholders by way of dividends and buybacks. Earlier this year, Infosys had announced a buyback offer of Rs 8,260 crore.

India’s oil imports from Iran plunged 45% in January

The United States introduced sanctions aimed at crippling Iran’s oil revenue-dependent economy in November but gave a six-month waiver to eight nations, including India, which allowed them to import some Iranian oil.

Cognizant to settle Tamil Nadu graft case in US with $28 million

Cognizant said in a statement that it had resolved all disputes with US regulators pertaining to violations of Foreign Corrupt Practices Act as its top management allegedly facilitating bribes to government officials.