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Business highlights: Industrial output recorded a growth of 7 percent


PTI Last Updated at 10 Aug 2018, 19:08 IST India

New Delhi: Industrial output recorded a growth of 7 percent in June on account of higher output in mining, manufacturing and power generation segments.

New Delhi: Prime Minister Narendra Modi today set a target to triple ethanol production in four years to help save Rs 12,000 crore in oil import bill by mixing the sugarcane extract in petrol as well as boost farm income.

New Delhi: The country's largest lender SBI today reported a hefty loss of Rs 4,876 crore for the June quarter due to higher bad loans.

Mumbai: Equity indices eased from lifetime highs today as bulls took a breather after a string of record-setting sessions, while a rout in the Turkish lira reverberated through global markets, denting risk appetite.

New Delhi: Regulator Sebi is looking into Jet Airways' deferring the announcement of June quarter results following reservations expressed by the airline's audit committee while stock exchanges have also sought information from the company, sources said.

New Delhi: The Union government today said a GST compensation totalling Rs 52,077 crore has totaling states and UTs during the 11-month period through May 2018.

New Delhi: Passenger vehicle sales in India declined for the first time in nine months, on account of high base last year when sales had spiked due to the GST rollout across the country.

New Delhi: The National Company Law Appellate Tribunal today upheld the sale of Electrosteel Steel Ltd to Vedanta Ltd, saying the mining baron Anil Agarwal-led firm was eligible to bid for the debt-laden firm.

New Delhi: The National Company Law Appellate Tribunal (NCLAT) today upheld the sale of Bhushan Steel to Tata Steel, rejecting allegations of its ineligibility by the promoters of the debt-ridden firm.

New Delhi: Insurers DHFL Pramerica Life Insurance and Aditya Birla Health Insurance Co today announced their partnership with old generation urban co-operative lender SVC Bank to sell their policies through the bank.

Mumbai: Caught in a fresh wave of global currency turbulence, the rupee fell sharply by 15 paise to end at 68.83 against the resurgent dollar amid fears of escalation in trade tensions worldwide.

New Delhi: Tata Consultancy Services today surged past RIL to emerge as the country's most valued firm by market valuation.

New Delhi: Gold prices eased further by Rs 40 to Rs 30,520 per 10 grams today amid weakening global trend and a sluggish demand from local jewellers at the bullion market.

Lucknow: President Ram Nath Kovind today inaugurated 'One District One Product' Summit organised by the Uttar Pradesh government to promote traditional industries in every district of the state.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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