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Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex, Nifty hit fresh records on positive global cues

The 30-share index spurted by 333.64 points, or 0.87 per cent, to hit a new peak of 38,585.44.

27 Aug 2018 9:59 AM IST

With the rupee resuming its fall after a brief period of consolidation, forex participants are not ruling out of the possibility of the rupee weakening further to breach the 70 level mark. (Photo: AP)

Rupee strengthens 20 paise against US dollar

Rupee is trading at 69.71 against dollar in early trade on increased selling of the US currency by exporters.

27 Aug 2018 9:42 AM IST

The government also approved procurement of 14 vertically launched short range missile systems. Of these, 10 systems will be indigenously developed.

Govt clears procurement of 111 naval helicopters at a cost of Rs...

The utility helicopters will be used in attack missions as well as for search and rescue and surveillance operations.

27 Aug 2018 9:38 AM IST

Union finance ministry Arun Jaitley

Series of reforms transformed economy: Arun Jaitley

Macroeconomic outlook broadly favorable and growth forecast rising to 7.3 per cent in FY 2018-19.

27 Aug 2018 9:28 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil stable as US-China trade row weighs, Iran sanctions cut supply...

OPEC member Iran has exported around 2.5 million barrels per day of crude oil so far this year.

27 Aug 2018 9:17 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

As a captive bank, IDBI will get fresh liquidity from LIC deposits

IRDA has bent backwards and favoured LIC, which has been bailing out government divestment initiatives.

27 Aug 2018 8:46 AM IST

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

Mudra loans a big scandal in banking system

The managers used a part of the 60 per cent amount to repay the Mudra loan for a year and pocketed the rest.

27 Aug 2018 8:38 AM IST

According to WGC, the effects of trade sanctions so far have mainly affected emerging markets such as China or Turkey, but expanding or maintaining sanctions for a longer period will likely damage global growth.

Gold prices likely to rise on growth woes

In India, WGC said the gold premiums have turned positive again, suggesting a tilt towards buying.

27 Aug 2018 12:22 AM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Centre's Mudra scheme faces big NPA troubles

The government has already disbursed around over Rs 6 lakh crore till date to almost 12 crore consumers.

27 Aug 2018 12:16 AM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.

Non-oil imports also upsets trade balance

It can create cause & effect on rupee, reminds Assocham.

27 Aug 2018 12:16 AM IST

They say BJP is politicising surgical strikes... Please tell me, which election is happening now, or in the near future? There are no elections at the moment, Law Minister Ravi Shankar Prasad said. (Photo: Twitter | ANI)

Social media not to be allowed to abuse election process, says Prasad

The issue of abuse of social media platforms has been under scanner in India over the last few months.

26 Aug 2018 6:21 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Big willful defaulters' dues to PNB drop to Rs 15,175 crore in July

The bank made a recovery from bad loans to the tune of Rs 7,700 crore in the first quarter ended June.

26 Aug 2018 4:29 PM IST