Home » Business

Business - Page 294

The latest funding will also give us the impetus to strengthen our asset-light, low-cost and highly efficient logistics model.

DealShare raises USD 11 mn funding from Matrix Partners India, others

The company is also planning to expand its footprint to Maharashtra by the end of this month, it added.

11 Oct 2019 10:58 AM IST

Around 2000 employees will lose jobs as TCS is shutting down its office in Lucknow.

TCS flags challenging second half after missing profit estimates

TCS will now have 8.2 pc constant currency dollar growth in the full year which will be way below its double-digit...

11 Oct 2019 10:44 AM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Sensex soars over 400 points; TCS falls 3 per cent

The 30-share index was trading 414.38 points, or 1.09 per cent, higher at 38,294.78.

11 Oct 2019 10:33 AM IST

Currency experts have a bullish outlook for the rupee this week.

Rupee rises 27 paise against US dollar in early trade

At the interbank foreign exchange the rupee opened at 70.82, then gained further ground and touched a high of 70.80.

11 Oct 2019 10:30 AM IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

6 public sector banks cut lending rates by up to 0.25 per cent

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.

10 Oct 2019 7:03 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee settles flat as US-China trade talks kept investors edgy

The rupee finally settled at 71.07, unchanged from its previous close.

10 Oct 2019 6:50 PM IST

Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.

Merger failure: Lakshmi Vilas Bank confident of raising capital

LVB is under the prompt corrective action framework of RBI since last month for low levels of capital buffers.

10 Oct 2019 5:24 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold prices remain unchanged; silver marginally down

Silver was trading marginally lower by Rs 24 at Rs 47,120 per kilogram as compared with its previous closing at Rs...

10 Oct 2019 5:16 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Sensex plunges 297 points; IndusInd Bank tanks 6.15 per cent

The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.

10 Oct 2019 4:07 PM IST

Inflation in onion continued to rule high at 42.22 per cent and in potato at 43.25 per cent.

Inflation increased in September but won't 'bring tears' to RBI:...

If the consensus is right, inflation will come in below the RBI's medium-term target for 14 months in a row.

10 Oct 2019 3:31 PM IST

They will discuss legislative steps needed to prevent such incidents from happening and empower the regulator better, FM Nirmala Sitharaman said. (Photo: ANI)

PMC Bank: Sitharaman faces protesters; promises legislation

The depositors had gathered outside the BJP's office here ahead of FM Nirmala Sitharaman's scheduled press interaction.

10 Oct 2019 3:00 PM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Bank of Maharashtra cuts MCLR by 0.10 per cent

Base rate has been kept unchanged at 9.50 per cent per annum.

10 Oct 2019 1:35 PM IST