Home » Business

Business - Page 302

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 recovers from day's lows, settles 20 paise higher at 70.87

Sustained foreign fund outflows and sell-offs in domestic equities put pressure on the forex market, somewhat capping...

3 Oct 2019 7:28 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

HDIL directors arrested, assets worth Rs 3,500 crore attached in PMC...

More details awaited.

3 Oct 2019 6:08 PM IST

Reserve Bank of India

RBI likely to cut policy rate on Friday to boost economy

RBI Governor Shaktikanta Das has already hinted further monetary policy easing while space for fiscal space is limited.

3 Oct 2019 5:50 PM IST

Former IPL Chairman Lalit Modi. (File photo)

India seeks banking details of Lalit Modi, wife Minal from Switzerland

Former IPL chief Lalit Modi, who is said to have left India for London in 2010, is already facing a money laundering...

3 Oct 2019 5:11 PM IST

The Nifty scaled 108.35 points to end the day at 10,491.05 while the Sensex soared 322.65 points to end the day at 34,142.15.

Sensex slips 198 points on financial sector woes, global trade tussle

Likewise, the 50-share NSE Nifty closed down by 46.80 points or 0.41 per cent at 11,313.10.

3 Oct 2019 4:39 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 jump Rs 348; silver zooms Rs 1,630

International gold prices traded higher after disappointing US private payroll data.

3 Oct 2019 3:59 PM IST

Niti Aayog CEO Amitabh Kant

Many more structural reforms in offing to propel growth: Kant

I think many more structural reforms are in the offing. The government has pushed for disinvestment, said the Niti Aayog...

3 Oct 2019 3:43 PM 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.

Crude oil futures fall 1.63 per cent on low demand

Crude oil for delivery in October traded lower by Rs 62, or 1.63 per cent, to Rs 3,750 per barrel.

3 Oct 2019 3:08 PM IST

Godrej Group chairman Adi Godrej

Govt should provide more stimulus; lower income tax: Adi Godrej

The government should take these measures, although this may increase the fiscal deficit, said the Godrej Group...

3 Oct 2019 1:10 PM IST

Tata to drive in Nexon EV in March; to be priced between Rs 15-17 lakh

The vehicle will be powered by the company's recently introduced Ziptron Technology.

3 Oct 2019 1:07 PM IST

China warned on Tuesday it would never accept any form of blackmail after US president Donald Trump said his decision to withdraw from a nuclear pact with Russia was also linked to Beijings arsenal.(Photo: Representational | AFP)

Singapore Deputy PM warns of greater economic uncertainty due to US...

He asserted that monetary and fiscal policies can 'stabilise' the global economy but structural policies need to be...

3 Oct 2019 12:11 PM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank back in green after 5-day fall; zooms over 29 pc

The stock zoomed 29.3 per cent to Rs 41.40, on the BSE. On the NSE, it jumped 29 per cent to Rs 41.30.

3 Oct 2019 12:05 PM IST