Home » Business

Business - Page 339

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.

Nifty likely to see upside bounce from the lows

Sectorally, the top gainers were the BSE Bankex, Capital Goods and Healthcare indices.

13 Sept 2019 2:40 AM IST

Mahindra & Mahindra, Indias biggest utility vehicle maker, on Thursday rolled out a subscription-based service for retail buyers of its personal range of cars to boost sales ahead of festive season and amid worst slowing demand.

Mahindra & Mahindra offers SUVs on subscription

Earlier, Mahindra had also launched leasing scheme, in which one had to make a down payment for leasing a car.

13 Sept 2019 2:37 AM IST

The industrial growth measured by the Index of Industrial Production (IIP) for 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal. The IIP had grown by 4.4 per cent in March 2017.

Factory data suggests pain points in job generation

A lower growth in consumer durable goods would mean people are postponing their decision to buy relatively big ticket...

13 Sept 2019 2:33 AM IST

The gems and jewellery sector has always been heavily dominated by MSMEs. However, these small and medium-sized players are finding it difficult now to cope up with the challenges in the industry.

Gems and jewellery exports drop 14 per cent

For the five-month period between April and August, exports registered a drop of 8.92 per cent to $15.33 billion.

13 Sept 2019 2:30 AM IST

A clearer picture will emerge later in the month when Society of Indian Automobile Manufacturers or Siam, the apex trade body releases the detailed data.

Dealers body asks Siam to go by retail sales

It has been urged to report monthly sales data based registrations instead of wholesales from factory gate.

13 Sept 2019 2:28 AM IST

A volatile equity market is forcing companies to go slow on initial public offerings (IPOs). The last few months have seen a marked dip the number of public issues hitting the primary market. Even the IPOs that have hit the primary market recently received poor response from the investors in this calendar year.

Primary market sees dip in public issues this year

The number of issues on the main board has nearly halved to 11 IPOs in 2019 so far compared to 21 IPOs hitting the...

13 Sept 2019 2:25 AM IST

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

Rupee rises for 6th day, spurts 52 paise to 71.14 vs USD on trade...

Easing crude oil prices and fresh foreign capital inflows provided further support, forex traders said.

12 Sept 2019 8:13 PM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI: Assocham

Retail inflation inches up to 10-month high of 3.21 pc in August

However, retail inflation is still within the Reserve Bank's target range, thus keeping hopes of another rate cut alive.

12 Sept 2019 7:18 PM IST

In the financial year 2017, labour productivity growth fell to 2.6 per cent and 2.9 per cent in FY18. (Representational image)

Industrial output growth rises 4.3 pc in July

The industrial output growth was recorded at 1.2 per cent in June and 4.6 per cent in May this year.

12 Sept 2019 6:40 PM IST

BCCI President Anurag Thakur

'Faceless tax assessment to eliminate corruption in tax dept': Anurag...

Infrastructure investment of Rs 100 lakh crore will be needed for achieving USD 5 trillion GDP, said Union minister...

12 Sept 2019 5:54 PM IST

Former PM Manmohan Singh speaking at the birth centenary memorial meeting of Indrajit HGupta in New Delhi. (Photo: ANI)

Former PM Manmohan Singh suggests five steps to tackle slowdown

The first step is to accept that the economy is in crisis, said Congress party leader Manmohan Singh.

12 Sept 2019 4:43 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex ends 167 points lower; Yes Bank cracks 5 pc

After swinging 386 points during the day, the 30-share index settled 166.54 points, or 0.45 per cent, lower at...

12 Sept 2019 4:05 PM IST