Negative global cues drag equity markets lower

Mumbai, April 22 : Negative global cues, coupled with profit booking and unwinding of long positions ahead of key quarterly results, dented the Indian equity markets on Friday. Consequently, the key indices of the Indian equity markets provisionally closed the day’s trade marginally in the red. The wider 50-scrip Nifty of the National Stock Exchange […]

Odd-even day 8 sees heavy traffic on Delhi roads

New Delhi, April 22 : Commuters reported traffic snarls in some parts of Delhi and getting delayed in reaching their destinations on the eighth day of the odd-even traffic scheme in the capital on Friday. Despite the vehicle restriction plan, there was a heavy rush of vehicles on the roads right from morning. “At 11 […]

e-filing startup ClearTax hires top Flipkart talent

Bengaluru, April 22 : Three top techies of Flipkart have joined leading e-filing website ClearTax, as the exodus from the homegrown e-retail marketplace continues. “The appointment of three veteran professionals — Prasanth Nair, Aakash Bapna and Jai Santosh — will bring in critical domain-specific expertise to our team and help propel us to the next […]

In Asia, financial firms wake up to Brexit risks, begin contingency planning

By Michelle Price HONG KONG, Apr 22 : The Hong Kong exchange has begun a Brexit impact assessment, and some Asian asset managers are looking to set up new bases in mainland Europe amid growing concerns their operations could be disrupted if Britain votes to leave the European Union in a June referendum. The central […]

Euro zone business growth slows despite discounting -PMI

By Jonathan Cable LONDON, Apr 22 : Further price cutting failed to prevent a slowdown in euro zone business growth this month, a survey showed, likely disappointing the European Central Bank which wants inflation to rise. The ECB’s swathes of cheap loans and interest rate cuts, alongside a top-up to its monthly bond purchases, appear […]

RCOM, Jio get government nod for spectrum sharing

New Delhi, April 22 : The Department of Telecom approved spectrum sharing between Reliance Communications (RCOM) and Reliance Jio in nine circles, a regulatory filing said on Friday. RCOM said the department has taken on record 800MHz spectrum sharing in seven circles of the company and two circles of Reliance Telecom, a wholly owned subsidiary, […]