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The Minister said the road projects include construction of 5 flyovers at Kaikaram, Morampudi, Undarajavaram, Tetali & Jonnada.

Draft telecommunication bill says in the event of insolvency, spectrum assigned to the company will go back to the Government

The US dollar hovering near its recent peak post an aggressive Federal rate hike coupled with persistent concerns of global recession is weighing on the outlook for energy demand. Rate hikes by central banks around the world this week are stoking concerns about a global economic slowdown. The US Federal Reserve led the charge with its third straight 75 basis point rate hike, along with […]

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 97 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Friday as investors continue to weigh the Federal Reserves aggressive stance. Japan markets were closed for a holiday Friday. US stocks ended lower on Thursday, falling for a third straight session […]

Potentially signaling a recession, the Conference Board released a report on Thursday showing its index of leading U.S. economic indicators declined for the sixth consecutive month in August. The Conference Board said its leading economic index fell by 0.3 percent in August after sliding by a revised 0.5 percent in July. With the continued decrease, the LEI slumped by 2.7 percent over the six-month period […]

After reporting modest decreases in first-time claims for U.S. unemployment benefits for five straight weeks, the Labor Department released a report on Thursday showing an uptick in jobless claims in the week ended September 17th. The report showed initial jobless claims inched up to 213,000, an increase of 5,000 from the previous weeks revised level of 208,000. The modest increase came after jobless claims dropped […]

Reliance New Energy Limited (RNEL), a wholly owned subsidiary of Reliance Industries (RIL), will invest $12 million to acquire 20% stake in Caelux.

Shipyards in Surat and Dahej, Gujarat, as well as various commercial and residential properties in Gujarat and Maharashtra, as well as bank accounts owned by ABG Shipyard Ltd., its group companies, and other related entities are among the seized properties, according to a statement from the federal agency.

Domestic and global cues are negative today

Tata Steel: The board of directors of Tata Steel has approved amalgamation of all metal companies of Tata group into Tata Steel. The companies that will be merged with Tata Steel are Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining and S & T Mining Company. Reliance Industries (RIL): Reliance New Energy […]