Home » Business

Business - Page 203

IndusInd Bank was the top gainer in the Sensex pack, rising 2.68 per cent. ICICI Bank gained 2.68 per cent at close. Yes Bank, Tata Steel, SBI, TCS, L&T and Infosys also advanced. (Photo: File)

Sensex rallies 175 points to hit record high; Nifty tests 12,100

After starting significantly higher, the Sensex pared gains to trade 15.33 points or 0.04 per cent up at 41,025.04.

16 Dec 2019 10:19 AM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

Rupee rises 8 paise to 70.75 against USD in early trade

Forex traders said the weakening of the US dollar vis-a-vis other currencies overseas also supported the rupee.

16 Dec 2019 10:09 AM IST

Adani Infrastructure

Adani Transmission gets LoI for project in Maharashtra

According to the statement, this will be Adani Transmission's first ever 400 kV substation facility in Mumbai.

14 Dec 2019 3:55 PM IST

In return, the United States would suspend tariffs on Chinese goods due to go into effect on Sunday and reduce others, US officials said. (Photo: Representational)

US China trade deal cuts tariffs for Beijing promise of big farm...

Beijing has agreed to import at least USD 200 billion in additional US goods and services over the next two years.

14 Dec 2019 1:18 PM IST

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by USD 1.891 billion to USD 421.258 billion, according to the data.

Forex reserves soar to touch all-time high of USD 453 billion

The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644...

14 Dec 2019 11:06 AM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.

Sensex zooms 428 pts; Nifty ends near 12,100

After hitting a high of 41,055.80 points, the 30-share BSE Sensex ended 428 points, or 1.05 per cent, higher at...

13 Dec 2019 4:04 PM IST

Moodys also affirmed Indias local-currency senior unsecured rating and other short-term local-currency rating.

Moody's cuts India's GDP growth forecast to 5.6 pc for 2019

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

13 Dec 2019 1:51 PM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

Rupee rises 33 paise to 70.50 against USD in early trade

Forex traders said the news that the US and China are very close to reaching a trade deal supported the local unit.

13 Dec 2019 12:10 PM IST

Over the last week, the 30-share BSE Sensex zoomed 1,106.97 points or 2.83 per cent. (Photo: File)

Sensex rises over 250 points on strong global cues; Nifty above 12K

After rising 284 points in early session, the 30-share Sensex was trading 244.04 points or 0.60 per cent higher at...

13 Dec 2019 11:58 AM IST

Among the hybrid schemes, the category of arbitrage funds saw inflows of Rs 5,353.56 crore and balanced hybrid funds saw outflows of Rs 4,931.71 crore.

More brokerages may have used clients' funds

Any such increase in costs could strain smaller brokerages financially, the source said.

13 Dec 2019 1:29 AM IST

Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent.

Free trade fails to boost exports, imports grow

According to the government, these agreements are meant to provide opportunities for exports to these trading partners...

13 Dec 2019 1:26 AM IST

Italian super sports car maker Maserati, on Thursday introduced the petrol derivatives of the Ghibli, Quattroporte sedans and the Levante sports utility vehicle for the first time in Asias third biggest economy as part of its 2020 range to expand its customer base.

Maserati drives in Ghibli, Quattroporte sedans to India

The Maserati luxury petrol cars can be ordered at the company's dealerships across the country.

13 Dec 2019 1:23 AM IST