Tuesday, Apr 23, 2019 | Last Update : 10:04 AM IST

Economy

Tit-for-tat tariffs from the China-United States trade war have been costly for many.

To survive trade battles, China manufacturers deploy every weapon they can

Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected.

A 25 basis points cut in interest rate announced earlier this month by the RBI.

Weakening domestic growth impulses prompted RBI for rate cut: Minutes of MPC meet

Four of the six MPC members had voted in favour of a 25 basis points reduction in the repo rate.

Finance Secretary Subhash Chandra Garg said the government is close to meeting fiscal deficit target of 3.4 pc for 2018-19. (Photo: File | PTI)

Govt manages to meet revised fiscal deficit target of 3.4 pc of GDP

Revised target has been met with help of expenditure savings and other measures including rollover of fuel subsidy, said sources.

During February 2019, the highest number of 2.36 lakh jobs were created in the 22-25 years age group, followed by 2.09 lakh in the 18-21 years age bracket.

Job creation trebles in Feb at 8.61 lakh, according to EPFO payroll data

According to latest EPFO data, highest job creation was recorded in January 2019 at 8.94 lakh.

REITs, which are regulated by Sebi, are instruments for investments in real estate. (Representational Image)

Govt looking at REITS model to monetise land assets of CPSEs, enemy property

Under this REITs, land assets aree transferred to a trust providing investment opportunity for institutional investors.

Market

After rising over 200 points intra-day, the 30-share BSE index finally settled 138.73 points, or 0.36 per cent, higher at 38,905.84.

Sensex ends 139 pts higher; TCS rallies nearly 5 pc

The broader NSE Nifty rose 46.90 points, or 0.40 per cent, to close at 11,690.35.

At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 69.55 and fell further to touch the day's low of 69.69. It finally ended at 69.60 per dollar, down by 18 paise against its previous close.

Rupee slips for 3rd day down 18 paise to 69.60 against dollar

The local currency has depreciated by 68 paise in the last three days.

The broader NSE Nifty slipped 34.35 points, or 0.29 per cent, to 11,752.80.

Sensex slips from lifetime high on profit booking

After rising to an intra-day record of 39,487.45 points, the 30-share index turned negative to settle 135.36 points.

Rupee opened at 69.48 at forex market, then gained further ground and touched a high of 69.45.

Rupee rises 15 paise against US dollar in early trade

Fresh foreign fund inflows and positive opening in domestic equities supported the rupee.

Companies

Globally, spot gold was trading higher at USD 1,279.50 an ounce, while silver was up at USD 15.10 an ounce in New York.

Gold prices up by Rs 200 per 10 gm on jewellers' buying

Gold is trading at Rs 32,870 per 10 gram in the national capital on fresh buying by local jewellers.

MTNL and BSNL are saddled with massive debt and have faced problems in clearing staff salaries in the recent past.

MTNL remains relevant for telecom, its sustainability important for customers: CMD

The revival plan is expected to be taken up by the Cabinet soon, according to sources.

Cyber attackers work on the theory that majority of the businesses do not spend adequately on shoring up their cyber security

SBI General launches cyber defence insurance for businesses

This offers protection against the growing threat of cyber breaches and is designed to protect against major insurable cyber exposures.

SpiceJet passengers from 51 domestic destinations will be able to access Emirates' network across the US, Europe, Africa and Middle East.

SpiceJet, Emirates sign MoU for code share partnership

The reciprocal partnership will allow opening of new routes and destinations for passengers of the two airlines.

Nasim Zaidi, the former Chief Election Commissioner and ex- civil aviation secretary. (Photo: PTI)

Nasim Zaidi quits grounded carrier Jet Airways board

Nasim Zaidi has submitted his resignation as a non-independent director of the company with effect from April 21.

Autos

Baleno with BS VI emission norms compliant petrol engine, priced between Rs 5.58 lakh and Rs 8.9 lakh (ex-showroom Delhi).

Maruti drives in Baleno with BS VI compliant petrol engine

MSI has sold over 5.5 lakh Baleno units since its launch in 2015.

The BigWing dealership, which was opened in Gurugram, will cater to both sales and service of Honda’s big bikes.

Honda opens BigWing dealership for selling big bikes

The retail and service centre is exclusively for Honda’s big bikes.

JLR had announced back in January that it would have an additional week of halting production of its luxury vehicles amid Brexit uncertainties just before a scheduled Easter break for workers. (Photo: File | Twitter)

As JLR halts production, campaign for second Brexit vote intensifies

JLR CEO Ralf Speth has made a number of interventions to call on the UK government for more certainty over Brexit.

When TVS first showcased Ntorq, the company said that the design of this 125cc has been inspired by stealth fighter jets. (Nitesh Jeiya)

Ntorq, the youngest arrival in TVS family

After a series of scooters like Zest 110, Pep+, Jupiter, & Wego, the Ntorq is the first 125cc in TVS’ fleet.

In Other News

New FDI rule limits the market growth as the rules do not allow exclusive sales of brands on the online platform.

Online mobile sales will fall, fashion mart to rise

Mobile phone has been the fastest growing category between 2015 and 2018.

Travelling abroad for a vacation or something else requires an elaborate planning. Of this, money management in the foreign country is one of the most  important  issues that  you might have to  decide  before leaving  the country.

Travelling Abroad? How to choose between cash, travel card and travel credit card

Travel credit card offers many add-on benefits such as travel insurance, airport lounge, reward points, etc.

The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee drops 32 paise, may stay weak if crude spikes

Central bank to remain on guard to weed out any volatility as elections are going on.

There was no immediate reaction from Pakistan.

India suspends cross border trade in Kashmir in new crackdown

Govt of India to suspend the LoC trade at Salamabad and Chakkan-da-Bagh in Jammu and Kashmir with immediate effect.

Fugitive businessman Vijay Mallya.

Mallya asks SBI to disclose 'legal fees' spent to recover funds

Mallya is facing trial for alleged fraud and money laundering amounting to Rs 9,000 crore.