Home » Business

Business - Page 326

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Sensex tanks 470 points; Yes Bank plunges 15 per cent

According to experts, stock-specific sell-off in index heavyweights dragged key indices lower.

19 Sept 2019 4:18 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 fall Rs 270 on stronger rupee, weak sentiment

Prices of silver also tumbled Rs 380 to Rs 47,310 per kilogram.

19 Sept 2019 4:02 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 crosses 10-lakh-exports milestone from Mundra Port

With shipments to more than 125 countries, the company's cumulative exports have already crossed 18 lakh units mark.

19 Sept 2019 3:11 PM IST

The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

Finmin gets nearly 100 applications for post of RBI deputy governor

Persons with at least 25 years of work experience in an Indian or international public financial institution could also...

19 Sept 2019 3:04 PM IST

Minister of State for Agriculture Parshottam Rupala during the Question Hour urged the West Bengal and Delhi governments to implement the scheme at the earliest and ensure benefits reach farmers. (Photo: File)

Parliament nod on pesticide and seed bills likely next session: MoS...

Pesticide Management Bill seeks to regulate the pesticide sector by fixing prices and setting up of a regulatory...

19 Sept 2019 2:01 PM IST

Apples are attacked by all sorts of pests, but apple scab, a fungus, is particularly nasty. (Photo: Pixabay)

Apples rot in Kashmir orchards, as lockdown puts economy in tailspin

Apples are the lifeblood of Kashmir's economy, involving 3.5 million people, around half the population of the state.

19 Sept 2019 1:58 PM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Crude oil futures up on spot demand

Analysts said the rise in crude oil futures was largely in tandem with a firm trend in markets here.

19 Sept 2019 1:34 PM IST

Hero MotoCorp, the countrys largest two-wheeler manufacturer, on Monday launched two new scooters ,called the Maestro Edge 125 and the Pleasure Plus 110, with starting prices of Rs 58,500 and Rs 47,300, respectively.

Hero Cycles market share up despite economic slowdown: Company...

Admitting there were challenges due to slump in economy, Aditya Munjal said Hero Cycles has only grown in this difficult...

19 Sept 2019 12:59 PM IST

The CBT, headed by labour minister, is the apex decision-making body of the EPFO which finalises rate of interest on PF deposits for a financial year.

PF interest not credited? Know when you will get it

Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.

19 Sept 2019 12:24 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 down 24 paise against US dollar after Fed rate cut

A weak opening in domestic equities and unabated foreign fund outflows also weighed on the domestic currency.

19 Sept 2019 10:24 AM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex drops over 200 points; ICICI Bank, TCS top laggards

Top losers in the Sensex pack in early trade included Yes Bank, ICICI Bank, IndusInd Bank.

19 Sept 2019 10:10 AM IST

NCLAT on Wednesday denied any interim relief to Vikram Bakshi on his plea seeking a stay on termination of franchise agreement by McDonalds. Photo: PTI

NCLAT orders review of McDonald's-Vikram Bakshi settlement

The appellate tribunal was hearing an intervention plea by HUDCO, claiming dues of Rs 195 crore from Bakshi.

19 Sept 2019 8:58 AM IST