VIVO News - Latest News & Updates

India Introduces Electronic Tracking System for Nepal-bound Cargos

This is a significant step towards automating customs transit facilitation between the two countries and renews the commitment of government of India to improve the transit facilities for Nepalese trade, the Indian embassy in Nepal said in a statement.

from Top Business News- News18.com http://bit.ly/2GwOBFE

Cognizant to Pay USD 25 Million to Settle India Bribery Charges

In April 2014, former senior executives of Cognizant, Coburn and Schwartz allegedly authorised an unlawful payment to one or more foreign government officials in India to secure and obtain a necessary permit to open a new office campus.

from Top Business News- News18.com http://bit.ly/2Na5S7Z

India's Forex Reserves Down $2.12 Billion

India's forex reserves comprise Foreign Currency Assets (FCAs), gold reserves, Special Drawing Rights (SDRs) and India's position with the International Monetary Fund (IMF).

from Top Business News- News18.com http://bit.ly/2IgMRBZ

JPPL Stake Sale Put on Backburner: Jet Airways

Debt-laden Jet Airways board on Thursday approved a bank-led provisional resolution plan (BLPRP) which will pave the way for conversion of the airline's debt into equity, making lenders the largest shareholders in the company.

from Top Business News- News18.com http://bit.ly/2SB2nxn

LIC May Infuse up to Rs 12,000 Crore in IDBI Bank to Help NPAs in Q4

Recently IDBI and LIC officials met Department of Financial Services senior officials and are said to have taken up the matter of fresh capital infusion. LIC has not commented so far.

from Top Business News- News18.com http://bit.ly/2DEU1dQ

RBI Threatens Action Against Yes Bank for Disclosing nil Divergence Report

The RBI conducted its first asset quality review (AQR) of banks in 2015 in order to find corporate loan accounts with severe financial weakness which were still classified as standard accounts on the books of the lenders.

from Top Business News- News18.com http://bit.ly/2GKRLEV

Board of Trade Meet: Industry Raises Concern Over Dip in Credit Flow, Delays in ITC Refund

The Commerce Ministry in a statement said the issues were addressed by the senior officials and will be taken up in the forthcoming meeting of the Committee of Exports and the GST Council.

from Top Business News- News18.com http://bit.ly/2tkkvg2

Exports Grow Marginally by 3.74% in January, Trade Deficit Narrows: Report

According to data from the commerce ministry, exports during the month increased to USD 26.36 billion, compared with USD 25.41 billion in January 2018.

from Top Business News- News18.com http://bit.ly/2STfKbC

Rupee Extends Slide, Down 7 Paise to 71.23 vs USD

Forex traders said heavy selling in domestic equities coupled with foreign capital outflows affected the movement of the rupee.

from Top Business News- News18.com http://bit.ly/2DIk1oN

AirAsia India Offers 20% Discount on Fares Across Flights

The discounted tickets are applicable to all bookings made through the airline's website and Mobile app, the airline said in a statement.

from Top Business News- News18.com http://bit.ly/2TQDhHw

Sensex Ends 67 Points Lower; Pharma, Metal Stocks Crack

Market staged a sharp recovery from the bottom, confirming support for the market at lower levels, said Sunil Sharma, chief investment officer, Sanctum Wealth Management.

from Top Business News- News18.com http://bit.ly/2N6EpUK

Sensex Falls Over 100 Points in Early Trade; ONGC Rallies 6 Percent

Major laggards were Sun Pharma, Vedanta, Hero MotoCorp, Tata Motors, M&M, HDFC, Tata Steel, SBI, Asian paint, RIL, HUL, Bajaj Finance, HDFC Bank, Yes Bank, Kotak Bank, Axis Bank and ICICI Bank, falling up to 1.95 per cent.

from Top Business News- News18.com http://bit.ly/2BA5zyY

Rupee Declines 17 Paise Against US Dollar in Early Trade

The strengthening of the US dollar and persistent outflow from the domestic capital market weighed on the domestic currency.

from Top Business News- News18.com http://bit.ly/2S3Llmi

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