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Fosun buys Thomas Cook brand for 11 million pounds

Thomas Cook declared bankruptcy in September after an attempt to secure USD 250 million from private investors fell...

2 Nov 2019 1:52 PM IST

Reserve Bank of India (RBI)

RBI revamps departments for effective supervision, regulation of...

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified...

2 Nov 2019 12:27 PM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

USD 3 billion offer on table: Yes Bank

Yes Bank is in discussions to raise USD 1.6 billion from six global private equity funds and two domestic mutual funds.

2 Nov 2019 12:16 PM IST

Considering the fact that the national unemployment percentage rate is 6.1 per cent, the laggard states led by Nagaland, Goa and Kerala have double the percentage of unemployed persons. (Representational Image)

Jobless rate at 2-year high

The increase in unemployment rate mirrors the fall in industrial growth and consumption in the country.

2 Nov 2019 2:21 AM IST

As recent as 2018-19, the sector had attained a size equivalent to 7.5 per cent.

Auto sales fail to enthuse stock markets

Maruti stock gained 0.56 per cent on reporting improvement in monthly sales closing at Rs 7616.25 on the BSE.

2 Nov 2019 1:29 AM IST

Top gainers in the Sensex pack included SBI, Infosys, ITC, Sun Pharma, HDFC Bank and ICICI Bank, rising up to 2.64 per cent.

November trade begins on a weak note

The BSE index touched an intra-day high of 40,283.30 and low of 40,014.23.

2 Nov 2019 1:29 AM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

RBI rejigs internal setup to monitor banks better

The development follows the RBI's central board decision to create separate supervisory and regulatory cadre.

2 Nov 2019 1:29 AM IST

In the financial year 2017, labour productivity growth fell to 2.6 per cent and 2.9 per cent in FY18. (Representational image)

Labour productivity at multi-year low

As per the data, labour productivity grew at an average annual rate of 3.7 per cent during the financial year 2016-2018.

2 Nov 2019 1:29 AM IST

The last time it had posted higher sales than this was in March 2019 when it had sent 145,031 units to its dealers.

Car firms get festive boost, October sales rise

In absolute terms, this was Maruti's highest sales in any month this fiscal.

2 Nov 2019 1:29 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Insurance AUMs can double in 5 yrs with digitisation

Non-life AUM too is expected to grow by 15 to 16 per cent from Rs 1.7 lakh crore to Rs 3.85 4.15 lakh crore in the next...

2 Nov 2019 1:28 AM IST

The report also showed that during September 2017 to August 2019, around 2.97 crore new subscribers joined the ESIC scheme.

US job growth slows less than expected despite GM strike

Govt employment fell by 3,000 jobs in October as 20,000 temporary workers hired for the 2020 Census completed their...

1 Nov 2019 7:23 PM IST

The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

Rupee firms up 11 paise against dollar

Rupee is trading at 70.81 against the US dollar due to fag-end selling of the greenback by banks and importers.

1 Nov 2019 7:06 PM IST