Business

Domestic stock markets suffered sharp losses on Tuesday amid a selloff across sectors barring energy shares, breaking a two-day winning run. The S-P BSE Sensex index fell 623.75 points - or 1.66 per cent - to end at 36,958.16, and the broader NSE Nifty benchmark settled at 10,925.85, down 183.80 points

Country's foray into international debt markets may consist of little more than sound and fury, as the nation struggles to shed decades of trepidation about borrowing in foreign currencies.

A fanfare announcement in the July budget has been followed by the

Saudi Aramco reported a 12 per cent fall in half-year net profit on Monday, yet remained the world's most profitable company, while Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.

Aramco signed a letter of intent to take a 20 per cent stake in

Indiabulls Housing Finance shares surged 14 per cent on the NSE on Tuesday after the law firm Managium Juris tendered a public apology for an earlier false suit alleging that Indiabulls was involved in fraud.

The company's stock jumped 14 per cent to touch an intra-day high of Rs 575.95 a share after the public apology by lawyer Kislay

Domestic stock markets started Tuesday's session on a lower note amid weakness in Asian peers. The S-P BSE Sensex index fell as much as 260.63 points to 37,321.28 in early trade, and the broader NSE Nifty moved to 11,041.40,

Reliance Industries chairman and managing director Mukesh Ambani said on Monday that Saudi Aramco will buy a 20 per cent stake in his group's oil-to-chemical business. The deal values Reliance Industries'

Sun Pharmaceutical Industries on Tuesday reported a net profit of Rs 1,387.48 crore in the April-June period. That marked a jump of 31.23 per cent compared with its net profit in the corresponding period a year ago. The drug maker said its revenue from operations stood at Rs 8,374.36 crore in the quarter ended June 30, as against Rs 7,224.17 crore

Creditors' hopes of resurrecting Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors said they were no longer interested in putting money into the business.

The billionaire head

Mukesh Ambani, chairman of Reliance Industries, at the 42nd annual general meeting of the company announced a slew of schemes for Jio customers ranging from landline phone connections to digital set-top-boxes under its JioFiber scheme. Jio Fiber enables a

India-listed manufacturer Bosch Ltd said on Tuesday it had begun restructuring parts of its business in light of a deepening slowdown in the country's automotive industry, as the German car parts supplier posted a drop in June-quarter profit.

Bosch,

Reliance Industries Ltd on Monday announced a partnership with Microsoft's Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com and

Abu Dhabi's Etihad Airways said on Monday it will not express interest in reinvesting in Jet Airways because of unresolved issues concerning the Indian airline's liabilities.

Grounded Jet Airways has invited prospective bidders to express interest and last week extended the deadline to August 10.

Etihad acquired a 24 per cent stake in Jet in

Major subsidies on food, fertilisers, urea and petroleum have totalled Rs 1.51 lakh crore as of June-end 2019, touching 51 per cent of the Budget Estimates, up from 44 per cent during same period of the last fiscal year.

The Controller General of

The decision to revoke special status for Jammu - Kashmir is likely to increase the property prices for locals as prices in Srinagar has been hovering very low in a range of Rs 2,200-4,000 per sq ft, property consultant Anarock said on Monday.

Reliance Industries (RIL) Chairman Mukesh Ambani on Monday said the company's retail arm will soon unveil Reliance New Commerce, an initiative to digitally connect kirana stores across the country.

Speaking to shareholders at RIL's 42nd Annual General Meeting, Mr Ambani

The Noida and Greater Noida authorities on Tuesday told the Supreme Court that they have created a special cell to ease out problems of the Amrapali homebuyers.

The authorities told a bench headed by Justice Arun Mishra that they have created the cell to deal with cases of the homebuyers and officials had been designated especially to

Describing the fundamentals of the Indian economy as strong, Reliance Industries Ltd (RIL) Chairman Mukesh Ambani on Monday said that the ongoing slowdown in some sectors of the economy is temporary.

Addressing RIL shareholders at the 42nd Annual General Meeting

Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Monday said that the group has a clear roadmap to become zero net-debt company in 18 months.

The statement came in the wake of rising debt at the group level that reached a level of group Rs

S-P BSE Sensex and NSE Nifty 50 Indexes extended losses led by declines in HDFC, HDFC Bank, Infosys, ITC, Larsen - Toubro, ICICI Bank and Tata Consultancy Services. Investors remained wary in the absence of any announcement about a government fiscal stimulus package and ahead of key inflation data. The Sensex fell as much as 611 points and

Economies globally are showing signs of acute weakness and the next stage could be a worldwide recession, if Morgan Stanley is to be believed, in nine months from now.

Escalation in trade tension between the two largest economies -- US and China

Billionaire Mukesh Ambani on Monday announced a partnership between his Reliance Industries' telecom arm, Reliance Jio Infocomm, and Microsoft to “accelerate the digital transformation of our country”. As part of the “globally unique long-term allia

Domestic passenger vehicles sales in India plunged 30.98 per cent to 2,00,790 units last month, data from industry body SIAM or Society of Indian Automobile Manufacturers revealed on Tuesday. The drop in sales is

Gold prices on Monday again touched the all-time high mark of Rs 38,470 per 10 grams in Delhi, news agency Press Trust of India (PTI) reported. The yellow metal advanced by Rs 50 on fresh buying from jewellers amid positive global trend. On Thursday, gold

Billionaire Mukesh Ambani's Reliance Industries is on a mission to reduce debt after racking up $76 billion in capital expenditure in the last five years.

The conglomerate aims to be a zero-net-debt company in 18 months, Asia's richest man told shareholders on Monday. Aiding that effort would be a decision to sell 20 per cent of Reliance's

Indian digital platform Meesho has raised $125 million in its latest funding round, led by South African internet group Naspers, the e-commerce start-up said on Monday.

Cape Town-based Naspers is in the midst of deploying a close to $10 billion war chest to scale up

Domestic financial markets remained closed on Monday for the Eid al-Adha holiday. Last Friday, the stock market benchmark index S-P BSE Sensex rose 254.55 points - or 0.68 per cent - to close at 37,581.91, while the broader NSE Nifty index settled at a gain of 77.20 points - or 0.70 per cent - at 11,109.65. The rupee edged lower to end at

Reliance Industries shares jumped on Tuesday marking their biggest intraday jump since February 22, 2017, a day after the company's chairman, Mukesh Ambani, said the group has a clear roadmap to become zero net-debt company in 18 months. Reliance Industries Limited (RIL) shares opened higher at Rs 1,240.00 and rose to as much as Rs 1,274.20 apiece

Prime Minister Narendra Modi said availability of surplus liquidity in the international financial markets provides India an opportunity to access funds at lower borrowing costs.

Government needs funds for its infrastructure and borrowing overseas makes lot of

Battling a severe liquidity crunch, state-run Bharat Sanchar Nigam Ltd (BSNL) plans to aggressively chase outstanding dues from its enterprise clients and is hoping to recover the bulk of receivables worth over Rs 3,000 crore in the