Free Press Journal
  • Rupee recovers on hopes of policy intervention

    Mumbai : The rupee on Friday surged by another 34 paise to close at a one-week high of 71.84 against the US dollar on positive macro data and hopes of policy intervention by the government to defend the volatile currency.

  • Market stays in positive terrain

    Mumbai : Riding on better-than-expected macro data and further recovery in the rupee, benchmark Sensex spurted around 373 points on Friday to reclaim the 38,000-mark.The NSE Nifty too breached the 11,500-level with a jump of 145.30 points.

  • Experts hint at rate hike; lower WPI inflation to have no impact

    New Delhi : While inflation-based on wholesale prices eased to a four-month low of 4.53 per cent in August on softening of food prices; experts have warned that a sliding rupee and rising oil prices could prompt an interest rate hike by RBI.

  • Cancelled-govt tenders worth Rs 15k cr re-issued after change in ‘Make in India’

     New Delhi : Government tenders worth over Rs 15,000 crore were cancelled due to highly discriminatory conditions against domestic companies, a top official said Friday. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said the cancelled tenders were re-issued by making changes to promote ‘Make in India’ initiative of the government.

  • Tata Steel tops Dow Jones sustainability index  

     Mumbai : Tata Steel has been ranked first in the Dow Jones sustainability index 2018, making it the only domestic company to emerge as a winner among all 60 sectors evaluated for the ranking. This is the second year in the past three years that Tata Steel has been adjudged the industry leader amongst 24 steel companies globally. “This recognition encourages us to stay committed to our focus on creating a sustainable

  • Stop purchase of crude oil or face strict action, warns US

    Washington : The US is prepared to take the ‘strongest action’ against countries and entities who are found not complying with the Trump administration’s sanctions on Iran, including reducing to zero the purchase of crude oil from the country, a senior official has told lawmakers.

  • Need to promote biofuel production to curb crude oil imports: Gadkari

    New Delhi  : Union Minister Nitin Gadkari said tribal community should be encouraged to gather non-edible seeds for producing biofuel as the government looks to reduce dependence on crude oil imports. As India incurred a huge Rs 8 lakh crore bill on crude imports, tribal are being urged to collect non-edible seeds like ‘ratanjot, saal and mohan’ for biofuel production, Road Minister Gadkari said.

  • India third in number of family-owned businesses

    New Delhi : India ranks third globally in terms of number of family owned businesses with 111 companies of USD 839 billion total market capitalisation, followed closely after China with 159 firms and the United States with 121 firms, says a report.

  • Nissan drives in Sunny variant at Rs 6.99 lakh

    New Delhi: Auto maker Nissan India Friday launched a special edition of its mid-sized sedan Sunny with price starting at Rs 6.99 lakh (ex-showroom). The variant comes with more than 50 features including NissanConnect, an integrated connected car technology. “As a company that is always on the lookout for customer feedback, we are proud to present the Sunny special edition, an embodiment of this customer-centric product philosophy, smart technological upgrades and best-in-class spacious interiors,”