Indian Authorities Reject Uber’s Application for Delhi License
NEW DELHI—Uber Technologies Inc.’s application for a license to operate in the Indian capital has been rejected for a second time, according to an order passed by transport authorities in the city. The ride-hailing company applied for a license after its services were banned in Delhi in... read more »
Sensex trades firm amid global rally, Nifty above 7,850; Banking stocks gai...
2.22 pm: GAIL (India) shares advanced over 1 per cent on BSE after the company announced during market hours on Wednesday, that pipeline welding of 12 inch pipeline connecting HFCL Barauni to IOCL, Barauni commenced on Tuesday at Barauni, marking the first phase implementation of company’s... read more »
Exports declined by 20.7 percent in August, says Commerce Ministry
The Ministry of Commerce and Industry has said that India’s exports plunged 20.7 per cent in August this year, to 21.3 billion dollars. In data appearing in the public domain, the ministry said that this was ninth consecutive month when exports have slumped and global economic slowdown and... read more »
L&T gets Rs 1,700-cr job order to build Bangladesh power plant
Engineering and construction major Larsen & Toubro (L&T) on Wednesday said it has bagged a Rs 1,700 crore order from Japan’s Marubeni Corporation to set up a 400-MW gas-based power plant in Bangladesh. “Bangladesh Power Development Board awarded the EPC contract for setting up the... read more »
Govt to sell stake in Oil India, NTPC, 3 other PSUs
The government will sell a minority stake in the nation’s biggest power producer NTPC, as well as in Oil India Ltd and three other PSUs as part of its disinvestment drive. The... read more »
India is now a $2-trillion economy
India’s GDP crossed the $2-trillion mark in 2014, according to data released by the World Bank in Washington late on Wednesday. After taking 60 years to reach the $1-trillion mark, India... read more »
DBS India posts Rs 275-cr loss in FY15 on provisioning
Singapore-based DBS Bank has posted a loss of Rs 275 crore in FY15. This is the first time the bank has incurred a loss in its India business since it set up its first branch in India in... read more »
A Google blunder knocked £175 off the price of a Nexus 6
A technical blunder at Google meant late-night shoppers could have picked up a 32GB Nexus 6 for as little as £304 ($474). Normally, those phones sell for £479 ($746). The Independent... read more »
PM Modi to visit Varanasi on July 16
Prime Minister Narendra Modi will visit Varanasi on July 16, after he had to cancel an earlier trip here due to adverse weather conditions. Prime Minister Modi had on June 28 cancelled his plan to... read more »
