Free Press Journal
  • MCX to face probe over technical glitches

    Mumbai : A series of technical glitches in the Multi Commodity of Exchange of India’s (MCX) trading system in the last two months is likely to lead to a “detailed investigation” by the regulator, owing to concern on whether the exchange is technologically capable of handling heavy order inflows ahead of opening the market to new products and new players.

  • David Solomon named Goldman’s new CEO

    New York : Goldman Sachs named David Solomon its new chief executive on Tuesday, implementing a much-telegraphed succession plan as it expands beyond its Wall Street roots to the broader consumer market.

  • Govt doubles import duty on textiles

    New Delhi : The government has doubled import duty on over 50 textile products — like jackets, suits and carpets — to 20 per cent, a move that is aimed at promoting domestic manufacturing.

  • Mumbai based snack foods company Mumum Co raises $500,000 towards expansion

    Mumbai: Mumbai-based children’s snack foods company, The Mumum Co, raised half a million dollars in an angel round of funding. The funds secured will be used for expansion in key metro and tier II cities, marketing, hiring and launching new and novel products in the healthy snacks category for children.

  • RBI to issue new Rs 100 note soon; Read out the details here

    Reserve Bank of India is all set to release a new Rs 100 note next month, and this will be in violet colour. On this note Gujarat’s Rani Ki Vav image will be printed according to Dainik Bhaskar report. More to it, the size of the new note will be smaller than the old note, but it will be little bigger than Rs 10 note.

  • Sensex recovers 196 pts on sharp fall in crude prices

    Mumbai: The Sensex today rebounded by over 196 points to close at 36,519.96 as oil, metal and PSU stocks rallied after a sharp drop in global crude oil prices. Sentiment got a boost after crude oil prices in global markets dropped by over 4 per cent yesterday owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.

  • Post Amazon Prime day sale, Jeff Bezos net worth crosses $150 billion, becomes richest man in modern history

    With his net worth crossing 150 billion dollars mark, Chief Executive Officer of Amazon Jeff Bezos has become the richest man of modern history.  This was the result of the Amazon Prime day sale, after which the Amazon stock prices witnessed a huge profit. Amazon Prime day was a sale of 36-hour-period offer, during which customers were given a huge discount on various products.

  • Rupee rises 21 paise to 68.36 against US dollar

    Mumbai: The rupee strengthened 21 paise to trade at 68.36 against the US dollar in morning session at the interbank forex market today. Fresh selling of the American unit by exporters and banks and fall in global crude oil prices boosted the domestic currency.

  • HUL profit rises 19% to Rs 1,529 cr in Q1

    Mumbai : FMCG major Hindustan Unilever on Monday reported a 19.17 per cent increase in standalone net profit at Rs 1,529 crore for the first quarter ended June 30, 2018 despite a rise in materials.