JioPhone 2 hits stores tomorrow: Here's all about it

Submitted by webmaster on Tue, 08/14/2018 - 00:44

Mukesh Ambani's Reliance Jio had on July 5 announced the JioPhone 2. Its predecessor, the JioPhone, was the best-selling feature phone model in the world in the first quarter of 2018. The new JioPhone 2 has some additional features and is expected to be equally popular. Here's everything about the JioPhone 2To start with, the JioPhone 2 will be available for bookings from tomorrow, i.e.

In next 1 year, ICICI can make more money than Reliance

Submitted by webmaster on Tue, 08/14/2018 - 01:49

Macro situation has worsened in last few weeks and it is better to continue in quality stocks and IT names, Sanjeev Prasad, Senior Executive Director and Co- 65395016

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Page Ind up 4% on MSCI entry, Vakrangee tanks 10% on its exit

Submitted by webmaster on Tue, 08/14/2018 - 00:46

Shares of Page Industries rallied around 4 per cent on Tuesday morning on the announcement that the scrip will replace Vakrangee in the MSCI India Index.The replacement will take effect as of the close of August 31.

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Allcargo moves to monetise land bank

Submitted by webmaster on Tue, 08/14/2018 - 01:24

Allcargo Logistics will build warehouses and sell or lease them out as it aims to monetise its dormant land bank, take advantage of the growing need of bigger, more efficient logistics facilities in the country and exploit lower lending rates in setting up such infrastructure.The company is in talks with two global companies to sell an up to 25% stake in this new venture, Allcargo Logistics and Industrial Park, chairman Shashi Kiran Shetty told ET in an interview.

Rupee at 70: How it's bad, and how it's good

Submitted by webmaster on Tue, 08/14/2018 - 01:41

Indian rupee hit a record low of 70.07 a dollar on Tuesday. In its sharpest single-day fall since September 2013, the rupee had hit an all-time low of 69.93 on Monday despite the Reserve Bank of India's intervention as heavy sell-off in global currencies, including Turkish lira, fuelled demand for safe haven assets. The rupee has lost nearly 7.2% this year and remains one of the worst performing emerging market currencies. An ET poll in June had said rupee could touch 70 to the US dollar by December-end amid global policy uncertainties.

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