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Business
Stock Market Today: HCL Tech, Yes Bank, Grasim Industries, GAIL, and Infosys were the top Nifty gainers.
The domestic share markets traded in the green amid choppy trade on Tuesday. At 10:20 am, the S-P BSE Sensex traded at 34,151.71, up 84.31 points or 0.25 per cent and the Nifty50 barometer of the National Stock Exchange (NSE) was at
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Read more: Sensex Gains Over 80 Points, Nifty Above 10,250
Write comment (92 Comments)Sovereign gold, however, rose by Rs 100 to Rs 24,800 per piece of eight grams.
Gold prices remained unchanged Monday and stood at Rs 32,550 per 10 grams at the bullion market mainly due to lower demand and tepid trend overseas. Silver, however, fell by Rs 100 to Rs 39,500 per kg from Rs 39,600 per kg on Saturday. In the national capital, gold of
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Read more: Gold Prices Remain Unchanged On Lower Demand
Write comment (91 Comments)Reliance's shares are down about 20% since their record close on August28.
Reliance Industries, currently country's second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market.
Reliance's refineries processed crude from the nearby Middle East and sold fuel to fast-growing
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Read more: Reliance Industries' Expansion Plans May Face A Local Hurdle: Report
Write comment (92 Comments)INR Vs USD: On Monday, the rupee had ended at 73.45 against the US dollar.
The rupee fell 16 paise to 73.61 against the US dollar in early trade on Tuesday, reported news agency Press Trust of India (PTI). Increased demand of the greenback from importers and sustained foreign fund outflows hurt the rupee's sentiment, traders were quoted as saying
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Read more: Rupee Loses 16 Paise Against US Dollar In Early Trade
Write comment (94 Comments)From Wednesday, SBI Classic debit card users will be able to take out a maximum of Rs 20,000/day from ATM
Customers of the State Bank of India (SBI) cannot withdraw more than Rs 20,000 a day, from Wednesday, October 31. The cash withdrawal limit on the SBI Classic debit card has been halved from Rs 40,000
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Read more: New Cash Withdrawal Limit On SBI Classic Card Takes Effect From Tomorrow
Write comment (95 Comments)Train 18, India's fastest train, is a self-propelled train and is fitted with CCTV cameras.
Train 18, the country's first engine-less train which is being regarded as a successor to the 30-year-old Shatabdi Express, is set to hit the tracks for trials on Monday, reported news agency Press Trust of India (PTI). Train 18 will undergo short runs near
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Read more: Pics: Train 18 To Begin Trial Run Today. Here Are 10 Things To Know
Write comment (93 Comments)Modi's government is pushing the central bank to relax lending norms for small businesses.
Government officials are very upset with the central bank for publicly talking about a rift with the government, fearing it could tarnish the country's image among investors, senior officials said on Monday.
On Friday night, Reserve Bank of India (RBI) Deputy
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Read more: Centre "Upset", Did Not Expect RBI To Go Public With Rift: Report
Write comment (98 Comments)From Wednesday, SBI Classic debit card users will be able to take out a maximum of Rs 20,000/day from ATM
Customers of the State Bank of India (SBI) cannot withdraw more than Rs 20,000 a day from Wednesday, October 31. The cash withdrawal limit on the SBI Classic debit card has been halved from Rs 40,000
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Read more: New Cash Withdrawal Limit On SBI Classic Card To Take Effect In 2 Days
Write comment (93 Comments)Petrol and diesel prices are decided daily and come into effect from 6 am.
Fuel prices were slashed for the 12th straight day on Monday across the four metro cities. With effect from 6 am on Monday, petrol prices were slashed to Rs 79.75 per litre in New Delhi and Rs. 85.24 per litre in Mumbai. Diesel rates were cut to Rs. 73.85 per litre in New
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Read more: Fuel Prices Slashed For 12th Straight Day Across Metros
Write comment (91 Comments)Nearly half the solar power capacities under implementation worth Rs 28,000 crore face viability risk with the rupee's steady fall which has made imported solar modules costlier and hiked the cost of setting up solar plants, according to a report by credit ratings agency Crisil released on Monday.
The report said these projects include 5.5
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Read more: Rupee Fall Puts Rs 28,000-Crore Solar Projects At Risk: Crisil
Write comment (94 Comments)This cashback offer will be applicable on first prepaid recharge of Rs 299, said Reliance Jio.
Reliance Jio has announced an instant cashback of Rs 5,400 on the upcoming flagship device, OnePlus 6T, the operator said in a press release issued on Monday. This cashback offer will be applicable on first prepaid recharge of Rs 299. Customers availing
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Read more: Reliance Jio Announces Rs 5,400 Cashback On OnePlus 6T Smartphone
Write comment (93 Comments)Stock market on Monday: A sharply positive breadth of the markets favoured the upside
Stock markets registered a strong comeback on Monday, with the BSE benchmark, Sensex, closing 718 points or 2.2 per cent higher at 34,067. The 50-scrip NSE benchmark index, Nifty, climbed 220 points to settle at 10,250.
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Read more: Markets Bounce Back From 7-Month Lows: Sensex, Nifty Close Over 2% Higher
Write comment (99 Comments)India and Japan have signed a $75-billion bilateral currency swap agreement on Monday during Prime Minister Narendra Modi's visit to Tokyo, the Indian government said in a statement.
The agreement should help bring greater stability to foreign exchange and capital markets in India, the statement added.
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Read more: India Signs $75-Billion Currency Swap Pact With Japan
Write comment (96 Comments)Foreign investors also pulled out Rs 2,230.79 crore from capital markets on Monday.
The rupee ended almost flat at 73.45 against the US dollar Monday after its initial gains were erased by a late dollar demand from importers despite strong equity markets and the RBI's move to ease liquidity crunch. Despite the initial bounce, the home unit appeared
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Read more: Rupee Closes Flat At 73.45 Against Dollar
Write comment (99 Comments)"As of now we are now on top of the situation on the NPA problem," SBI Chairman Rajnish Kumar said.
NEW YORK: Domestic banks are now "on top of the situation" on the problem of non-performing assets (NPA), State Bank of India (SBI) Chairman Rajnish Kumar said. Kumar said that going by the initial results that have started coming in September, it
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Read more: Banks Returning To Profit, "On Top" Of Bad Loans Problem: SBI Chairman
Write comment (92 Comments)Bharat Petroleum Corp's profit nearly halved in the second quarter, well below analysts' expectations, after a unit at its Mumbai refinery was closed by a fire.
Profit in Bharat Petroleum's fiscal second quarter ended September 30 was Rs 1,218 crore ($166 million), down from Rs 2,357 crore a year earlier, the refiner said in a statement on Monday.
Ei
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Read more: BPCL Profit At Rs 1,218 Crore In July-September, Misses Street Estimates
Write comment (98 Comments)From Wednesday, SBI Classic debit card users will be able to take out a maximum of Rs 20,000/day from ATM
The new ATM cash withdrawal limits of State Bank of India (SBI) will come into effect on Wednesday, October 31. Halving the cash withdrawal limit to Rs 20,000 per day, from the existing Rs 40,000, the country's largest bank had said earlier
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Read more: New Cash Withdrawal Limit On SBI Classic Card Take Effect In 2 Days
Write comment (98 Comments)Stock Market on Monday: Forty two out of 50 Nifty stocks traded with gains.
The domestic stock markets traded firmly in the green in the afternoon session on Monday, on announcement of liquidity plans by the central bank. At 1:34 pm, the S-P BSE Sensex traded at 33,857.08, up 507.77 points or 1.52 per cent, while the Nifty50 barometer of the
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Read more: Sensex Rallies Over 500 Points, Nifty Above 10,150
Write comment (100 Comments)The RBI has often found itself on opposing sides to government officials this year
A growing rift between the Reserve Bank of India and the government has been many months in the making.
In the latest move, the RBI made its disagreement with authorities public in a hard-hitting speech by Deputy Governor Viral Acharya on Friday -- which he said had
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Read more: As RBI Goes On Offensive, Government Yet To (Officially) Respond
Write comment (91 Comments)All India Reserve Bank Employees Association (AIRBEA) Monday expressed concern over the recent statements made by central bank deputy governor Viral Acharya and sought autonomy of the central bank.
The association said in a statement on Monday that "undermining the country's central bank was a recipe for disaster which the government must
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Read more: "Let Central Bank, Centre Sort Out Issues": RBI Staff Backs Viral Acharya
Write comment (94 Comments)ICICI Bank was the top gainer on both the benchmarks.
ICICI Bank was the top gainer on both the key indices on Monday after the lender's bad loan ratio improved in the quarter that ended in September 2018. At 11:05 am, ICICI Bank shares traded at Rs 340.75, up Rs 25.70 or 8.16 per cent on the Bombay Stock Exchange (BSE). On the National Stock
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Read more: ICICI Bank Shares Gain Over 8% On Better Bad Loan Ratio
Write comment (94 Comments)The RBI is pushing against government pressure to relax its policies and reduce the central bank's powers
Government officials are very upset with the Reserve Bank of India (RBI) for publicly talking about a rift with the government, fearing it could tarnish the country's image among investors, senior officials said on Monday.
On Friday
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Read more: Government Very Upset With RBI For Making Rift Public: Report
Write comment (93 Comments)Long-simmering discord between the central bank and the government is turning into a very public brawl. The timing couldn't be more awful for markets.
In a hard-hitting speech Friday on central-bank independence, Reserve Bank of India Deputy Governor Viral Acharya startled his audience by invoking Argentina of 2010.
Back then, the Argentinian
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Read more: Opinion: The Growing Brawl Between RBI's Urjit Patel And Team Modi
Write comment (98 Comments)After a firm start, the domestic stock markets turned negative in early trade on Monday.
After a firm start, the domestic stock markets turned negative in early trade on Monday. The S-P BSE Sensex opened at 33,549.88 as compared to its last close of 33,349.31. The Nifty50 barometer of the National Stock Exchange (NSE) started at 10,078.10
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Read more: Sensex, Nifty Pare Gains After Firm Start; Pharma, Banks In The Green
Write comment (95 Comments)The offer cannot be clubbed with other ongoing offers on the site, according to SBI
SBI or State Bank of India has announced a discount of Rs 200 on e-commerce platform SaleBhai to users of its mobile app YONO in a limited-period scheme aimed at the festival season. SBI, in a post on microblogging site, said YONO users will get a flat Rs 200 off on
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Read more: SBI Announces Discount On E-Tailer SaleBhai Through Mobile App YONO
Write comment (90 Comments)GoAir recently became the sixth domestic airline to start international operations.
GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs 1,499 on select routes in a special promotional sale offer, noted the carrier on its official website- goair.in. The booking period of GoAir's offer ends on October 30, 2018. The
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Read more: GoAir's New Flash Sale: Flight Tickets Start From 1,499 Rupees
Write comment (97 Comments)India's grasp of the second largest global growth share will become more clearly defined.
According to forecasts released earlier this month, the global economy is expected to achieve an annual GDP growth rate, as measured in constant dollars, of 3.7 per cent between 2018-2020 before dipping to 3.6 per cent between 2021-2023 and, in turn, pass the
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Read more: In World Top 20 Of GDP Growth Share, Good News For India: Report
Write comment (95 Comments)Airtel Africa Ltd, a subsidiary of India's Bharti Airtel Ltd, on Monday said preparations for its initial public offering (IPO) are on track.
"The new board is in place with new investors' representatives and we remain very confident about the IPO process," Airtel Africa said, responding to media reports that had stated that the IPO would be
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Read more: Initial Public Offering Plans On Track, Says Airtel Africa
Write comment (97 Comments)The deal will make IBM the top hybrid cloud provider in an emerging $1 trillion growth market
Sending a strong signal towards dominating the emerging $1-trillion hybrid cloud market, tech major IBM has announced to acquire open source solutions leader Red Hat for a massive $34 billion.
The acquisition, IBM's biggest so far, will
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Read more: IBM To Buy Red Hat For $34 Billion In Its Biggest-Ever Acquisition
Write comment (96 Comments)INR Vs USD: The rupee opened at 73.33 to quote 14 paise higher over its previous closing.
The rupee recovered against the US dollar in early trade on Monday, reported news agency Press Trust of India (PTI). The rupee gained 14 paise against the US dollar on increased selling of the greenback from exporters
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Read more: Rupee Firms Up By 14 Paise Against US Dollar: 5 Things To Know
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