Business

Saudi Aramco, the world's most profitable company and controlled by the Saudi Royal family, crossed $2 trillion mark in market value on second day of trading after its shares surged as much as 9.94 per cent to hit an intraday high of 38.7 Saudi Riyals on Thursday.

The Saudi Crown Prince Mohammed

The S-P BSE Sensex and NSE Nifty 50 indexes ended higher on Wednesday led by gains in HDFC, Kotak Mahindra Bank, Tata Consultancy Services, ICICI Bank and ITC. For most part of the day, benchmarks traded in a rangebound manner and dipped briefly in noon deals but recovered

Union Cabinet has given its approval for signing the Memorandum of Cooperation (MoC) between Government of India and Government of Japan to constitute the 'India-Japan Steel Dialogue' to strengthen cooperation in steel sector.

The 'India-Japan Steel Dialogue' envisages enhancement of mutual understanding to secure sustainable growth in

Saudi Aramco's shares begin trading domestically on Wednesday, after the energy behemoth

The government on Thursday ruled out any plans to sell stake or disinvestment of ailing telecom PSUs -- Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) in the Parliament while fixing a target of Rs 200 crore and Rs 300

Even as automobile industry's domestic sales performance continues to decline, increased shipments of BS-IV vehicles at attractive prices along with low base effect lifted auto exports to over 17 per cent in November, the third straight month

Energy giant Saudi Aramco's market value soared above $2 trillion on Thursday as its share price surged again on its second day of trading.

The valuation milestone was sought by Saudi Crown Prince Mohammed bin Salman when he first

Union cabinet has approved easier lending rules for shadow banks, the government said on Wednesday, to help them get more access to funds.

The government said it would allow state-run banks to get partial guarantees against the purchase

A February Reserve Bank of India rate cut is on a knife's edge, with just under half of economists polled expecting easing at that meeting, and is highly likely by the middle of next year, according to a Reuters poll.

After slashing the repo rate by 135 basis points this year to

The S-P BSE Sensex and NSE Nifty 50 indexes rose for second straight session on Thursday led by gains in banking, auto and metal shares. Investors cheered amendments made to the Insolvency and Bankruptcy Code (IBC) to ease the insolvency resolution process and

Walmart and its Indian arm Flipkart on Wednesday jointly invested in fresh produce supply chain startup Ninjacart, to modernise fresh produce market to benefit consumers, retailers and farmers.

"As a homegrown e-commerce company, it is in our DNA to drive

The Asian Development Bank (ADB) said on Wednesday it has lowered its growth forecasts for developing Asia this year and the next, as a weaker outlook for China and India indicated softer economic activity elsewhere in the region. The

The Schall Law Firm, a shareholder rights litigation firm

Software major Infosys has been projected as a top employer in Australia, Japan and Singapore across the Asia-Pacific region in 2020, by the Top Employer Institute in recognition of its excellence in hiring practices.

"Organizations certified

The stock markets are set for a wave

The S-P BSE Sensex and NSE Nifty 50 indexes extended gains in last hour of trade led by gains in banking, auto and metal shares. Investors cheered amendments made to the Insolvency and Bankruptcy Code (IBC) to ease the insolvency resolution process and promote ease of doing business by the Union Cabinet on Wednesday, analysts said. The Sensex

Finance Minister Nirmala Sitharaman, India's first full-time woman finance minister, will present the re-elected NDA government's first full-year budget in February 2020. As an annual statement of government finances, a budget provides a detailed account of the state's revenues

Automobile major Tata Motors Group's November global wholesales fell 15 per cent on a year-on-year (YoY) basis. According to the group, global wholesales including those for Jaguar Land Rover declined to 89,671 units during the month under review.

"Global wholesales of all Tata Motors'

India's economy is expected to grow at 4.3 per cent in December quarter this year amid concerns over crisis in the NBFC sector, according to Nomura.

The Japanese financial services major also believes that the first quarter of 2020 will see a

The Union Budget for the financial year 2020-21 will be presented by Union Finance Minister Nirmala Sitharaman in February. The Union Budget is an annual financial statement of estimated receipts and expenditures of Government of India. Union Budget of 2020-21

The country's power demand fell 4.3 per cent in November from a year ago, representing the fourth straight month of decline, government data showed, potentially reflecting a worsening industrial slowdown which has stifled overall economic growth.

In October, the

Ujjivan Small Finance Bank

State Bank of India or SBI, the country's largest lender, has reduced its benchmark lending rates by 10 basis points or 0.10 percentage points across all tenors. The new rates mark the eight reduction by SBI in this financial year. SBI's marginal cost-based lending rate or

IDBI Bank's Board on Tuesday gave "in-principle approval" to divest its stake in IDBI Capital Market Securities (ICMS) and IDBI Intech Limited (IIL).

According to a regulatory filing issued on Tuesday, the lender will divest its stake to the extent of 49 per cent to prospective investors in ICMS and IIL.

However, the bank will retain controlling

Netflix Inc is testing longer subscription plans in India as it looks to attract more users in a highly competitive market where smartphone and internet usage is soaring.

New users of Netflix in India may have the option to choose from three-, six- and 12-month

Yes Bank on Tuesday postponed the decision to approve or decline the binding offer of $1.2 billion -- 60 per cent of the total capital the bank aims to raise -- submitted by mysterious investor Erwin Singh Braich.

Yes Bank, however, after