INDUSTRY NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

Telco competition to remain intense over 12-18 mths: Moody's  -   16/10/2017 15:33
C ompetition in the Indian telecom sector is expected to remain intense over 12-18 months despite consolidation as leading operators look to safeguard their turf, according to Moody’s. “While consolidation activity is positive for the industry in the long-term, we still expect competit...
Rupee extends rally against US dollar on sustained selling  -   16/10/2017 15:12
T he Indian Rupee continued gaining streak for the sixth straight session against the US dollar on Monday as dollar demand eased by exporters and banks. According to forex dealers, weakness in dollar against major currencies overseas also boosted the rupee. The local currency also got a lift as th...
India should invest $ 45 bn to expand airport capacity: CAPA  -   16/10/2017 14:06
A study by an aviation think-tank has said that India needs to invest up to USD 45 billion to create an additional capacity of handling 500- 600 million passengers at its airports by 2030 as their capacity is likely to saturate within the next five years. According to Centre for Asia Pacific Avia...
FPIs pour $1.5 bn in debt markets in Oct  -   16/10/2017 13:07
O verseas investors have pumped a staggering $1.5 billion into the country's debt markets in the first two weeks of this month, primarily due to "positive real interest rates" and lower currency volatility. However, in view of higher stock valuations, foreign portfolio investors (FPIs) pulled o...
Rural people to get affordable life insurance services: Min  -   16/10/2017 09:59
T he Minister for Communications Manoj Sinha on Friday launched the Sampoorna Bima Gram (SBG) Yojana and an initiative for expansion of clientele base of Postal Life Insurance. Talking to media after launching the schemes here, the Minister said that the vision of the Prime Minister Narendra Modi...
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