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Country's cabinet is expected to evaluate a proposal to sell the government's stake in state-run Bharat Petroleum next week, a government source said.

The government plans to sell its entire 53.29 per cent stake along with management control in BPCL for about $10 billion.

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The festival of Diwali is supposed to herald country's biggest shopping season of the year. Purchases did happen, but not a lot, according to a Bank of America Merrill Lynch report.

More than 90 per cent of storekeepers indicated footfalls were lower

Tech Mahindra on Tuesday reported a net profit of Rs 1,123.9 crore for the July-September period, marking an increase of 17.16 per cent compared with the previous quarter. In a regulatory filing after market hours, the Mumbai-based IT major said its revenue stood at Rs 90,699 crore in the quarter ended September 30, up 4.82 per cent compared with

The government on Wednesday announced a Rs. 25,000-crore special window for stalled real estate projects, in a move aimed at reviving the ailing sector and generating employment. Finance Minister Nirmala

Infosys said on Wednesday it "strongly condemns the mischievous insinuations" made by anonymous sources against the co-founders and former colleagues. The statement from the country's second largest IT services exporter comes amid whistleblower complaints alleging certain "unethical practices"

The S-P BSE Sensex and NSE Nifty 50 indexes broke their seven-day winning streak led by losses in Infosys, Reliance Industries, IndusInd Bank, Kotak Mahindra Bank and Larsen - Toubro. The benchmarks opened higher but switched direction at least nine times before falling in the

Within days of government approving a relief package for the ailing corporation, state-owned BSNL has rolled out a voluntary retirement scheme for its employees, and said it expects 70,000-80,000 personnel to opt for it leading to savings

Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that government and Reserve Bank of India (RBI) are in the process of resolving the issues faced by the real estate sector.

She said that real estate has a spill over effect on many sectors, hence addressing its issues will benefit industries

Ace investor Rakesh Jhunjhunwala has purchased Yes Bank shares worth Rs 87 crore. Rakesh Jhunjhunwala purchased a total of 1.29 crore shares in the private sector bank at an average price of Rs 67.10, according to bulk deal data from the BSE. At that price, the stock purchase by Mr Jhunjhunwala amounts to around Rs 87 crore. Shares in Mumbai-based

The rupee declined by 28 paise to end at 70.97 against the dollar on Wednesday. The currency opened at 70.80 and fell to 71.01 against the dollar in intraday deal. According to analysts, continuing uncertainty over the US-China trade deal affected currency market sentiment

Punjab National Bank (PNB) on Tuesday reported a profit of Rs 507.05 crore for the quarter ended September 30. Delhi-based state-owned PNB had reported a net loss of Rs 4,532.35 crore for the corresponding period a year ago. The return of profit was on account of lower provisioning for bad loans. Shares in Punjab National Bank, which traded on a fl

Infosys Chairman Nandan Nilekani, in a con-call on Wednesday with investors on allegations of unethical practices against its top management by anonymous whistleblowers, said "even God can't change the numbers of this company". The IT major had "very

The country's second largest software services company - Infosys - has terminated the services of non-performing employees at multiple levels as part of its involuntary attrition, a company source said on Tuesday.

"As a high performance

Suzuki Motor Corp reported on Tuesday a 32 per cent fall in second-quarter operating profit, weighed by a slowdown in domestic output as the automaker improves its inspection processes, and a slump in India, its biggest market.

Japan's

Boeing forecast Indian airlines will order up to 2,380 planes from global planemakers over the next 20 years, 80 more than it predicted last year.

Darren Hulst, a senior marketing executive at Boeing, also confirmed to reporters on Wednesday

India should hold talks with the European Union for a free trade agreement, the government said on Tuesday, a day after it refused to join a China-backed regional trade pact for fear of a flood of cheap Chinese imports.

Trade Minister Piyush Goyal said sectors such as gems, textiles and agriculture have pushed for a trade pact with the

Shares in InterGlobe Aviation - the parent company of the budget airline IndiGo - jumped over 4 per cent on Tuesday. The rise in shares came after IndiGo and Qatar Airways said in a statement that they would make a strategic business announcement on

The S-P BSE Sensex closed at an all-time high of 40,470 led by gains in HDFC Bank, ICICI Bank, HDFC, Infosys, Kotak Mahindra Bank and Axis Bank. Earlier in the day, Sensex and Nifty traded on a choppy note. However, buying in banking shares in the second half of

The rupee gained 8 paise to close at a fresh five-week high of 70.69 against the dollar on Tuesday following foreign fund inflows and gains in Asian peers after Chinese central bank cut interest rates. Forex inflows through Bajaj Finance share sale to

Petrol prices continued a downward trend for the fifth consecutive day on Tuesday, while diesel prices remained unchanged across the four metro cities. The price of petrol was lowered by 5 paise per litre in the four metros - Delhi, Mumbai,

Shares of the jewellery and watch retailer - Titan Company - settled 10 per cent lower, a day after the company reported 1.8 per cent rise in net profit and cut its revenue guidance to 11 per cent-13 per cent for year-on-year growth for the quarter ended September 30, 2019. On the

Budget airline GoAir is offering domestic and international flight tickets at a starting all-inclusive fare of Rs 1,214 and Rs 6,714 respectively under its '14th anniversary' sale. Bookings under the sale - which is valid for travel between November 13, 2019

Gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said on Tuesday, as domestic prices climb to a record against a backdrop of falling earnings in rural areas, a key source of custom for the

In a jolt to the Jaypee Group, the Supreme Court on Wednesday directed completion of corporate insolvency resolution process within 90 days for Jaypee Infratech and said the revised resolution plan will be invited only from NBCC and Suraksha Realty. 

The apex court said the pendency of any other application before the NCLT or NCLAT,

The Reserve Bank of India (RBI) raised withdrawal limit for account holders of crisis-hit Punjab and Maharashtra Co-Operative Bank or PMC Bank to Rs 50,000 from earlier withdrawal limit of Rs 40,000, Reserve Bank of India said in a press release on

Activity in India's dominant services industry contracted for a second consecutive month in October due to muted demand, a private business survey showed on Tuesday, driving business optimism to a near-three year low.

Although the Nikkei/IHS

India, the world's third-largest oil importer, wants more foreign investments in its oil and gas sector, oil minister Dharmendra Pradhan said on Wednesday, as the country takes steps to woo companies, including a recent cut in corporate taxes.

India will

India Post, the operator of postal system in the country, also offers nine types of savings schemes with different interest rates. Monthly income scheme (MIS) account, one such savings scheme offered by the India Post, provides interest at the