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The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Cut in repo rate didn't inspire confidence

The Sensex ended 433.56 points or 1.14 per cent lower at 37673.31, while Nifty plunged 139.25 points or 1.23 per cent to...

5 Oct 2019 1:48 AM IST

After the selection of Member (Non-life), the Insurance Regulatory and Development Authority of India (IRDAI) is all set to appoint the Member (Life) soon.

CVC orders rotation of key insurance officials

Besides, the Commission has also warned officers against receiving from clients costly gifts and undue benefits in the...

5 Oct 2019 1:47 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

Top 10 MFs have 83 per cent of total AUM

The total AUM of top 10 fund houses out of total 44 asset management companies was Rs 21.48 lakh crore or 83.64 per cent...

5 Oct 2019 1:47 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 plunges 434 points after RBI policy outcome; rate-sensitive...

After opening nearly 300 points higher, the 30-share index gave up all the gains to turn negative after the RBI...

4 Oct 2019 4:19 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Loans to become cheaper after RBI cuts interest rate to a decade low

RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.

4 Oct 2019 4:11 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 rallies Rs 210 on weak rupee, strong global trends

Silver, however, fell Rs 110 to Rs 46,490 per kilogram here from Thursday's closing price of Rs 46,600 per kilogram.

4 Oct 2019 4:00 PM IST

India Incs revenue growth will slow down to 9 per cent in the January to March period on base effects, while the profit margins will shrink to a 12-quarter low of 18.6 per cent, a report said on Monday.

India Inc welcomes RBI move; says rate cut will spur growth

The industry emphasised that it was now critical for banks to facilitate a faster transmission of rate cuts.

4 Oct 2019 3:51 PM IST

The rupee rose sharply against the US dollar while bonds climbed for a second day on hope that the higher than estimated surplus transfer by the central bank to the government would ease fiscal and current account deficit concerns.

Rupee pares early gains post RBI rate cut

Moreover, foreign fund outflows, heavy selling in domestic equities and rising crude oil prices also kept pressure on...

4 Oct 2019 1:50 PM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Sensex drops over 200 points as RBI cuts GDP forecast; bank stocks...

Top losers in the Sensex pack included Kotak Bank, Bharti Airtel, L&T, PowerGrid, ITC, HDFC Bank, Tata Motors among...

4 Oct 2019 1:31 PM IST

Reserve Bank of India (RBI)

RBI cuts repo rate by 0.25 per cent to support growth

The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.

4 Oct 2019 12:08 PM IST

Tech majors Tata Consultancy Services and Infosys Technologies will jointly open the fourth and final quarter of the financial year 2018-19 on April 12.

India's services sector activity contracts in Sep on weak demand: PMI

The IHS Markit India Services Business Activity Index fell to 48.7 in September from 52.4 in August.

4 Oct 2019 11:54 AM IST

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

Rupee rises 9 paise to 70.78 vs USD in early trade ahead of RBI policy...

Forex traders said, the rupee was trading higher as investors believe RBI will go for yet another rate cut to boost...

4 Oct 2019 11:13 AM IST