Business

Gold price: The precious metal had gained Rs 230 in the last three days.

Gold prices drifted lower by Rs 150 to Rs 32,630 per 10 grams Friday, breaking its three-day rising spell, amid weakening global trend and fading demand from the local jewellers, reported Press Trust of India. Silver, however, recovered by Rs 310 to Rs 39,500 per kg backed by

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PM Modi has publicly said using RuPay, an indigenous card payment network, was like serving the country.

The world's second-largest payments processor Mastercard told the US government in June that Prime Minister Narendra Modi was using nationalism to promote the use of domestic payments network RuPay, and his government's "protectionist policies"

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India is Iran's top oil client after China and hopes to get a waiver on US sanctions.

NEW DELHI: 

State-run refiner Hindustan Petroleum said it may resume buying Iranian oil if Delhi secures a waiver from US sanctions, its chairman M K Surana said on Thursday. India is Iran's top oil client after China and hopes to get a waiver on US sanctions

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Provisions fell 6.8 per cent to Rs 2,927 crore.

Axis Bank, country's third-biggest private sector lender by assets, on Friday posted a better-than-expected 82.6 per cent jump in second-quarter profit, boosted by higher interest income and as asset quality improved. Net profit came in at Rs 790 crore ($108.95 million) for the three months ended

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The domestic stock markets gained amid a return of foreign fund inflows to Dalal Street. At 10:33 am, the Sensex traded at 35,022.02, up 590.05 points or 1.71 per cent, while the Nifty barometer of the National Stock Exchange (NSE) was at 10,562.50, with a gain of 182.05 points or 1.75 per cent.

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The government had delayed imposing the tax until September 18 and then again until November 2

Mumbai: 

The government has delayed the implementation of higher tariffs on some goods imported from the United States to December 17, according to an official order that put off for a third time retaliatory action against US import tariffs on steel and

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CEO Tim Cook said Apple's business in India in Q4 was flat.

New York: 

Apple CEO Tim Cook voiced optimism that the Indian government will at some point agree to allow the technology giant to bring in its stores as he lauded the country's bold reforms, saying he is a "big believer" and "very bullish" on India. Cook was responding to a question on

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Nearly 2 lakh crore ($27.23 billion) of NBFC and HFC debt is due for redemption by the end of December

Department of Economic Affairs (DEA) fears significant default from large non-banking finance companies (NBFC) and housing finance companies in the next six weeks if no additional liquidity support is provided to these firms, said MoneyControl on

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With effect from October 31, SBI has halved the withdrawal limit on SBI Classic debit card.

State Bank of India (SBI), the largest lender of the country, has ushered in a lot of changes that its customers should know about. With effect from October 31, SBI has revised withdrawal limits on two of its popular debit cards. Separately, the lender has

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Eleven analysts on an average had expected the Mumbai-based company to report a profit of Rs 307 crore

Aluminium producer Hindalco Industries Ltd posted a 21.4 per cent decline in September-quarter net profit on Friday, dragged down by rising input costs, but marginally beat estimate. Standalone profit after tax came in at Rs 309 crore ($42.50

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Nifty is now clearly moving away from the gravitational pull of the bears, says an expert.

The domestic stock markets started Friday's trading session in the green. The S-P BSE Sensex opened at 34,743.95 as compared to its previous close of 34,431.97. The Nifty index of the National Stock Exchange (NSE) started at 10,441.70, against its last

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Activist investor Carl Icahn sued Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock.

Mr Icahn, who owns 9.3 per cent of Dell, called the proposed deal a "conflicted transaction that benefits the controlling stockholders, at the

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Total expenses for the quarter rose 17.5 per cent to Rs 19,851 crore.

Power producer NTPC reported a marginal fall in September-quarter profit on Friday, missing estimates, as higher expenses weighed. Profit came in at Rs 2,426 crore ($334.03 million) for the three months ended September 30, compared with Rs 2,439 crore a year earlier, said the

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Apple sales were flat in the fourth quarter in India, CEO Tim Cook said.

Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets and foreign exchange costs. The disappointing forecast by the world's most valuable

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Snapdeal has come up with a three-day Diwali Sale offer starting November 2, the e-commerce firm said in a statement on Thursday. As a part of the Diwali sale, Snapdeal said it has launched "Dhanteras Store", to offer a range of products such as gold and silver coins, jewellery from TBZ and Bluestone, and gold- and silver-plated gifts, it further

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Punjab National Bank is the country's second-largest state lender by assets.

Punjab National Bank (PNB) reported a third straight quarterly loss on Friday as it set aside more money to account for a massive fraud, potentially frustrating the lender's plan to return to a profit for the year. Net loss came in at Rs 4,532 crore ($622.74 million) for

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INR Vs USD: Higher opening in equity markets also supported the rupee, said traders.

MUMBAI: The rupee appreciated 31 paise to 73.14 against the dollar at the interbank foreign exchange Friday after crude prices fell to seven-month lows in the global market amid fresh foreign fund inflows.

The rise was also supported by dollar-selling by exporters

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Fair trade regulator CCI has said it is looking into a couple of cases of alleged price fixing

New Delhi: 

The Competition Commission of India (CCI) or is looking at algorithms used by airlines to determine fares, as part of a detailed probe into alleged fixing of air ticket prices, according to the fair trade regulator's chairperson Sudhir

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Indian Oil said its revenue from operations rose nearly 37 per cent to Rs 1.52 lakh crore

State-run refiner Indian Oil Corp posted a 12.2 per cent fall in second-quarter profit on Friday, missing estimate by a wide margin, dented by forex expenses and raw material costs.

Net profit came in at Rs 3,247 crore ($446.92 million) in the quarter ended

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Amrapali Group has failed to hand over possession of flats to around 42,000 homebuyers

A detailed project report on the 16 stalled projects of real estate major Amrapali group will be submitted to the Supreme Court next week, National Buildings Construction Company (NBCC) said on Thursday. The matter relates

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Mumbai: 

The rupee rallied by 50 paise to close at 73.45 against the dollar on Thursday, posting its biggest single-session spurt in three weeks. Selling of the US currency by exporters, softening of crude oil prices and upbeat economic numbers pushed the rupee higher. Easing of concerns over the rift between the government and the Reserve Bank of

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All of this could slow a $2.6 trillion economy only months before the general election.

MUMBAI/NEW DELHI: An incendiary speech by a top Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the

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NBCC has said it can complete the projects within 36 months at a construction cost of Rs 8,500 crore

New Delhi: 

State-owned NBCC on Thursday said it will submit a detailed project report (DPR) of Amrapali Group's 16 stalled projects to the Supreme Court next week and is mulling developing similar projects of other real estate firms.

In September,

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State-owned refiner Hindustan Petroleum Corp Ltd posted a 37.1 per cent fall in second-quarter profit on Thursday, dented by rising costs amid higher raw material and forex expenses.

Net profit came in at Rs 1,092 crore ($148.62 million) in the quarter ended September 30, compared with Rs 1,735 crore a year earlier, HPCL said.

Analysts had on an

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Acharya's remarks brought into spotlight the differences between the RBI and the government

New Delhi: 

The standoff between the Centre and Reserve Bank of India continued on Friday with Economic Affairs Secretary Subhash Chandra Garg dismissing RBI Deputy Governor Viral Acharya's comments about incurring the market's wrath if the central bank's

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The rupee has depreciated around 15% against the dollar so far this year

The rupee moved 50 paise higher against the dollar to close at 73.45 on Thursday. That marked its biggest single-day jump since October 12, when the currency had risen by 55 paise. Selling of the greenback by exporters amid easing crude

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Western Railway will run 23 special trains till the end the of this year.

Ahead of Diwali, Western Railway, an arm of the Indian Railways, has announced the commencement of new special trains to cater to excess demand. Western Railway will run 23 special trains till the end the of this year, it said on microblogging website - Twitter. Earlier this

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All of this could slow a $2.6 trillion economy only months before the general election.

MUMBAI/NEW DELHI: An incendiary speech by a top Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the

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NBCC has said it can complete the projects within 36 months at a construction cost of Rs 8,500 crore

New Delhi: 

State-owned NBCC on Thursday said it will submit a detailed project report (DPR) of Amrapali Group's 16 stalled projects to the Supreme Court next week and is mulling developing similar projects of other real estate firms.

In September,

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HDFC said its net profit stood at Rs 2,467.08 crore in the quarter ended September 30, 2018

HDFC or Housing Development Finance Corporation on Thursday reported a 24.7 per cent increase in net profit in the July-September period. Net profit stood at Rs 2,467.08 crore in the quarter ended September 30, 2018, the company said in a regulatory filing

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