Business Fortnight News
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Home Rupee Closes Marginally Higher At 75.53 Against Dollar
The rupee ended marginally higher at 75.53 against the US dollar on Thursday, following four days of losses. It moved in a range of 25 paise, between 73.53 and 73.78 against the greenback, having begun the day weaker at 73.77 compared to its previous close of 73.58. Selling of dollars by exporters supported the rupee, however a gain in the greenback overseas limited the upside, according to...
- 18 hrs ago
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Home Qatar Says Will Prosecute Those Behind Invasive Searches On Women Flyers
Qatar said on Friday that those responsible for the invasive gynaecological searches of women passengers at Doha airport had been referred for prosecution over the “violations”. Women on 10 flights out of Doha were subject to the examinations as authorities searched for the mother of a newborn baby found abandoned in an airport bathroom on October 2. “Those...
- 19 hrs ago
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Home Moto E7 Spotted on FCC, NBTC, TUV Certification Sites; 4,000mAh Battery Tipped
Moto E7 has leaked on several occasions in the past, and it has now been spotted on several certification sites hinting that the launch may be not be too far. The phone has been spotted on US Federal Communications Commission (FCC), National Broadcasting and Telecommunications Commission (NBTC) in Thailand, and TUV certification sites. While the Moto E7 Plus has been...
- 19 hrs ago
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Home Bharat Petroleum Puts Bina Refinery Expansion Plan On Hold Pending Privatisation
Bharat Petroleum Corp has put on hold its plans to expand its Bina refinery and install a secondary unit at its Mumbai refinery to boost efficiency pending privatisation of the company, its head of finance N. Vijayagopal said. The government wants to sell its 53.29 per cent stake in BPCL, the country’s second-largest state-run refiner, to raise funds to rein in a...
- 19 hrs ago
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Home Global Stock Markets Decline As Coronavirus Infection Rate Weighs
World stocks fell further and oil headed for a double-digit weekly slide on Friday as jitters over a rising global COVID-19 infection rate and next week’s US presidential election more than offset strong euro zone quarterly growth data. A strong central bank-fuelled bounce back from the initial pandemic slide earlier in the year has faltered this week, with concerns about an...
- 19 hrs ago
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Home BSE To Consult SEBI On Future-Reliance Deal After Amazon Objection: Report
The Bombay Stock Exchange (BSE) will consult the market regulator and seek clarifications from Future Retail and Reliance Industries about their $3.4 billion transaction, following Amazon’s objection to the deal, an exchange source said. Amazon on October 25 won an injunction from a Singapore arbitrator to halt Future’s deal to sell retail assets to Reliance, arguing...
- 19 hrs ago
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Home Amazon Sees Pandemic Boosting Holiday Sales And Investment In Delivery
Amazon.com Inc on Thursday forecast a jump in holiday sales – and costs related to COVID-19 – as consumers continued to shop more online during the pandemic. A company executive added that heightened spending on delivery infrastructure would likely continue over years, and shares fell 2 per cent in after-hours trading. Since the start of the virus outbreak in the United...
- 19 hrs ago
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Home Kamal Nath No Longer "Star Campaigner": Election Body Says Rules Violated
Kamal Nath is no longer a “star campaigner” in Madhya Pradesh by-polls, the Election Commission ordered today after a series of controversial remarks by the Congress leader. The powerful election body said his star campaigner status was being revoked for “repeated violation of model code of conduct” and for “complete disregard” of warnings to him. If the former...
- 20 hrs ago
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Home Third Generation Hyundai i20 Will Be Safest Iteration Yet
The Hyundai i20 is an important model for the Korean carmaker in India. The premium hatchback segment continues to show growth and large volumes, and the Hyundai i20 along with the Maruti Suzuki Baleno has dominated the space for the past few years. The i20 has sold 1.1 million units in India, and overall production for the model line is at 1.6 million units, with half a million in...
- yesterday
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Home India's New Covid Cases Up By 14 Per Cent In A Day, Tally Past 80 Lakh
The country’s one-day coronavirus tally rose by almost 14 per cent with a jump of about 50,000 new COVID-19 infections taking its overall Covid numbers past the 80 lakh mark, the Health Ministry data shows. In the last 24 hours, the country reported 49,881 new cases of coronavirus as the total number of infected people till now shot to 80,40,203. The case rise reflects in...
- yesterday
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