Sunday, Feb 17, 2019 | Last Update : 07:03 PM IST

Economy

THe ambitious scheme is targeted at unorganised sector workers with monthly income of up to Rs 15,000. (Photo: File)

Unorganised workers can now subscribe to Rs 3,000 monthly pension scheme

The ambitious social security scheme was announced by Finance Minister Piyush Goyal in the Interim Budget 2019-20.

The government has sold as much as 3 per cent stake in Axis Bank held via SUUTI through an offer for sale (OFS) and raised about Rs 5,300 crore. (Photo: AFP/Representational)

Disinvestment proceeds touch Rs 53,558 cr

The government's disinvestment proceeds have touched Rs 80,000 crore, in the previous fiscal.

Of the total imports during January 2019, non-coking coal shipments were 12.35 MT and coking coal at 3.53 MT.  (Photo: PTI)

India's coal import rises 5 per cent to 190 MT in Apr-Jan

Coal imports were at 180.61 (MT) in the April-January period of the previous fiscal.

The imports of the total finished steel grew 1.5 per cent to 6.55 MT during April-January of 2018-18, compared with 6.45 MT in the year-ago period. (Photo: File)

Finished steel exports fall 37 pc, imports grow 1.5 pc in Apr-Jan

The country had exported 8.22 MT of finished steel during the corresponding period a year ago, the Joint Plant Committee (JPC) said.

Between April and November 2108, the central bank had net sold USD 26.51 billion in the spot market against net purchase of USD 18.017 billion in the same period in 2017. (Photo: File)

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

The central bank bought USD 837 million and sold USD 230 million in the spot market during the reporting month.

Market

According to the latest data available with depositories, a net sum of Rs 5,322 crore has been pumped into equities during February 1-15. (Photo: File)

FPIs pour Rs 5,300 cr into equities in Feb so far

The infusion into the equity market comes following a pull-out of Rs 5,264 crore by foreign portfolio investors (FPI) in January.

The market ended in the red for the third day in a row as investors turned cautious ahead of release of key macro-economic data. (Photo: File)

Selling pressure could continue

Metal shares bucked weak market trend while most IT stocks declined.

The profit after tax (PAT) growth of Nifty 50 companies is at 4 per cent, which is in line with the estimates, excluding the abnormal results of Tata Motors.

Earnings season disappoints again as margins come down

Banks, including HDFC Bank, Axis Bank, ICICI Bank and Kotak Bank, posted good results.

NSE Nifty was trading down by 30.40 points. (Photo: File)

Sensex falls over 100 pts in early trade; ONGC rallies 6 pc

The 30-share Sensex was trading at 88.01 points.

Companies

The total area available for the project is over three lakh sqm, of which greenbelt will be developed in an area of over one lakh sqm covering 33 per cent of the total project area. (Photo: File)

IOC gets "green nod" for storage and distribution terminal in Telangana

The proposal involves setting up petroleum storage and distribution terminal.

The company already operates 11 centres in the State. (Photo: Twitter)

VLCC to open wellness centres, skill development institutes in TN

The expansion plan was in line with the company's strategy to reach out to more customers.

The previous chairperson Arundhati Bhattacharya too had initiated a slew of pro-employee measures such as letting them choose the location before transferring a couple of both of them are with the bank, extending sick leave to attend to in-laws health needs, long leaves to help their children during the exams among others. (Photo: File)

SBI takes work-life balance to a new high cutting mechanical lives in the bud

The programme, christened Nayi Disha or the new path, focuses on work-life balance and also involves the staffs immediate family members.

"With this total number of stores remains to 201 stores in 163 cities across 16 states and total the tally of stores in Bihar to 40," it said. (Photo: Twitter)

V-Mart opens store in Bihar

The company has also closed a store in the state, it said in a BSE filing.

Autos

The programme also includes extended warranty and roadside assistance.

Ducati enters pre-owned bike market in India

Only bikes less than 5 years old with certified mileage lower than 50,000 km are allowed to be sold.

Besides domestic market, the model has been receiving overwhelming response in global markets.

Maruti Suzuki Baleno crosses 5 lakh cumulative sales milestone

The model, exclusively manufactured in India, is the first car from MSI's stable to be exported from India to Japan.

The V-Class will be available in both six-seater long-wheelbase (Exclusive) and seven-seater extra-long-wheelbase (Expression) variants.

Mercedes-Benz launches luxury MPV V-Class in India

Mercedes-Benz V-Class Exclusive starts at Rs 81.90 lakh (all prices ex-showroom India).

Total revenue from operations, however, rose 4.36 per cent to Rs 77,582.71 crore as compared to Rs 74,337.7 crore in the year-ago period.

Tata Motors shares crack 29.5 per cent on biggest quarterly loss

Company's market valuation plunged Rs 9,801.94 cr to Rs 43,007.06 cr during late morning session on BSE.

In Other News

In May last year, the Telecom Commission -- the highest decision-making body in the DoT -- had cleared the proposal for creation of an ombudsman under the aegis of TRAI to resolve subscriber complaints, a move aimed at empowering mobile consumers. (Photo: Twitter)

No yet apprised of govt's decision on telecom ombudsman: TRAI to DoT

TRAI has asked DoT to apprise it of the decision taken by the government on the said recommendations.

There will be surpluses leading to fall in prices impacting income of farmers, said Subramanian. (Photo: File))

PM-KISAN to provide multiple benefits to farmers: CEA

Producer support in India is very low compared to the other countries and the scheme will help in supplementing that: Subramanian.

The MIP is the rate below which no imports are allowed. (Photo: File)

Govt to examine steel players' demand for MIP on steel: Official

The players have said steel imports have increased due to trade diversion from China, Japan and South Korea.

The government expects Rs 28,000 crore from the RBI as interim dividend for 2018-19 based on the financial position of the central bank. (Photo: Twitter | @ANI)

Jaitley to address RBI board on Monday

The meeting, according to sources, will take a call on the interim dividend to be paid to the government during the current fiscal.

The high level empowered committee headed by Cabinet Secretary P K Sinha has recommended discounting of discoms power bills towards generators. (Photo: File)

Rising discom dues may adversely affect power supplies: APP

APP, in a memorandum to the government, sought Power Minister R K Singh's intervention to resolve the issue.