Free Press Journal
  • Samsung second largest smartphone brand in UK market

    London, While Apple led the UK smartphone market with just over 34 per cent market share despite sales declining sequentially, Samsung has become the second largest brand, slightly behind Apple.

  • BSES offers cash back on power bills paid using Bharat QR Code

    New Delhi: In a move to encourage digital payment of electricity bills, BSES, one of the two electricity distribution companies (discoms) in Delhi, on Wednesday announced the launch of the Bharat QR Code-enabled facility for paying its electricity bills.

  • Stocks get off to cautious start, IT, realty give support

    Mumbai: The stock market made a sedate start today as the benchmark Sensex rose marginally, leaning on renewed domestic institutional buying. Technology, IT, realty and healthcare stocks found themselves on the buy list. Positive Asian cues came as early pointers for the market. The 30-share index traded higher by another 45.15 points, or 0.13 per cent, at 33,606.70. Sectoral indices such as technology, IT and realty stocks climbed by up to 0.48 per

  • Cabinet clears ordinance for changes to Bankruptcy Code

    New Delhi: The Union Cabinet on Wednesday approved an ordinance to introduce certain changes to the Insolvency and Bankruptcy Code (IBC), Finance Minister Arun Jaitley announced.

  • After sovereign upgrade, Moody’s ups outlook on India Inc

    Mumbai, Rating agency Moody’s sees an improvement in the credit profiles of India Inc next year, driven by better sales as it expects GST-related disruptions to wane,leading to an allover recovery in economic activities. It can be recalled that for the first time in almost 14 years, over the past weekend, Moody’s had upgraded the country’s sovereign ratings to Baa2 with a stable outlook. The last rating revision was in 2004.

  • Pay Rs 275 crore by Dec 31, SC to Jaypee

    New Delhi : The Supreme Court on Wednesday asked Jaypee Associates to deposit Rs 275 crore — in two instalments — by December 31, telling it to “behave like a good child”. The court order is seen as a relief to Jaypee Associates whose earlier plea to deposit Rs 400 crore was turned down.

  • Credit profile of Indian companies to improve in 2018, says Moody’s

    New Delhi : Just days after it upgraded India’s sovereign rating to Baa2 from Baa3, Moody’s Investors Service on Wednesday said that Indian companies’ credit profiles will improve in 2018 on account of “solid economic and EBITDA growth”.

  • Wage policy framework for CPSE workmen approved

    New Delhi : The government on Wednesday approved a policy framework for central public sector enterprises (CPSEs) to negotiate the next round of wage revision with their workmen. The move is likely to impact 9.35 lakh unionised workmen in central public sector enterprises.

  • ArcelorMittal team visits Essar Steel, Bhushan Steel plants

     New Delhi : Eyeing the debt-laden Essar Steel and Bhushan Steel for acquisition, a delegation from global giant ArcelorMittal visited their plants for due diligence, multiple industry sources told the PTI.

  • Kingfisher: SFIO gets nod for filing cases

    New Delhi : The corporate affairs ministry has approved filing of prosecution cases by the SFIO against defaulter businessman Vijay Mallya and others in the Kingfisher Airlines matter, a senior government official said on Wednesday.