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With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Bharti Airtel plans to raise up to USD 1 billion; subsidiary Network...

Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays among others as joint...

1 Oct 2019 12:34 PM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Maruti Suzuki reports 24 per cent dip in sales at 1,22,640 units in...

The company had sold 1,62,290 units in September last year, MSI said in a statement.

1 Oct 2019 12:09 PM IST

Manufacturing sector contracted by 0.4 per cent in November as against a growth of 10.4 per cent a year ago. (Representational image)

India Sepember manufacturing PMI unchanged from August on weaker...

This is the 26th consecutive month that the manufacturing PMI has remained above the 50-point mark.

1 Oct 2019 11:33 AM IST

Bajaj Auto said its total commercial vehicle sales during the month under review stood at 28,555 units

Bajaj Auto total sales down 20 per cent at 4,02,035 units in September

The company had sold 5,02,009 units in the same month a year ago.

1 Oct 2019 11:07 AM IST

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

Rupee rises 12 paise to 70.75 against USD in early trade

At the interbank foreign exchange the rupee opened at 70.75, registering a rise of 12 paise over its previous close.

1 Oct 2019 10:25 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex rebounds 250 points, Nifty above 11,500 in early trade

The broader Nifty was up 69.30 points or 0.60 per cent at 11,543.75 in opening trade.

1 Oct 2019 9:52 AM 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)

Before RBI clampdown, PMC Bank saw huge cash withdrawals from big...

RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next...

1 Oct 2019 9:42 AM IST

FPIs have been net buyers in the debt market.

India's external debt rises to USD 557.4 billion end-June 2019

Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1...

1 Oct 2019 9:15 AM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Medium-term support seen in 11100 to 11300 range

The Sensex lost 155 points to end at 38667 while Nifty settled 0.3 per cent lower at 11477.

1 Oct 2019 2:17 AM IST

40% anticipate GDP growth to range between 6.5-7% in FY18 which is in line with various international organisations.

Hospitality RevPAR growth set to improve

Since demonetisation, the growth in Revenue per Available Room (RevPAR) had dropped from 5.5 per cent in 2016 to 1.9 per...

1 Oct 2019 2:14 AM IST

Sluggish domestic demand from end-user segments, including automobile, consumer durable, FMCG, construction and real estate sectors, led to a slowdown in consumption growth.

Reduction in raw material prices to help steel players

Slow demand has also led to an increase in the inventory of semis products.

1 Oct 2019 2:10 AM IST

Maruti Suzuki, Indias biggest car maker, on Monday launched its much-awaited new small hatchback, or Mini SUV S-Presso, as the company dubbed it, with the starting price of Rs 3.69 lakh to boost sales in Asias third biggest car market during the festive season and beyond.

Maruti S-Presso starts at Rs 3.69 lakh

The hatchback will be retailed countrywide through the ARENA retail network.

1 Oct 2019 2:08 AM IST