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Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Business

India's bond rally fizzles on government spending fears

Indian banks have been reluctant to fully pass on the benefit of the policy rate cuts to their borrowers.

14 Aug 2019 12:19 PM IST

Business

Moody's says Reliance stake sale to Aramco credit positive

RIL also entered a deal with BP to sell 49 pc stake in its fuel marketing business in India for USD 1 billion.

14 Aug 2019 11:51 AM IST

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

Business

Rupee rises 55 paise to 70.85 against USD in early trade

Forex traders said US delaying new tariffs on Chinese electronics to December 15, also helped investor sentiments.

14 Aug 2019 11:39 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.

Business

Sensex, Nifty rebound on positive global cues

Easing inflation numbers, released after market hours on Tuesday, too helped the recovery in domestic market sentiment,...

14 Aug 2019 10:12 AM IST

Business

Consumption-driven growth causing 'serious slowdown' warns SBI MF

Personal consumption spend has outgrown household income, leading to household savings plummeting to a low 21 pc.

14 Aug 2019 9:52 AM IST

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

Business

Govt issues guidelines for Rs 1-lakh cr partial guarantee scheme for...

NBFCs, including HFCs, came under stress following series of defaults by group companies of IL&FS in September last...

14 Aug 2019 8:56 AM IST

For the ninth month in a row, the bloodbath in the automobile market continues, with sales of all vehicle segments staying in the red in July.

Business

Car sales at 2-decade low

According to Siam in the previous downturns the sector witnessed in 2008-09 and 2013-14, at least some of the segments...

14 Aug 2019 1:31 AM IST

FIIs head home whenever the Fed raises interest rates and this affects the rupee.

Business

Re plunges 62 paise, may weaken more

According to reports, the government is also mulling whether it should go ahead with sovereign foreign bond.

14 Aug 2019 1:30 AM IST

The confluence of stable prices, upcoming wedding season and pent-up demand made this Akshaya Tritiya memorable for the gold and jewellery sector, which saw demand bouncing back after a gap of two years. Jewellers across the country witnessed on an average 15 to 20 per cent growth in sales over last year.

Business

Gold seen at Rs 40,000 before Diwali

The trade war has been a pushing up gold prices in the past few days.

14 Aug 2019 1:30 AM IST

$Rather than waiting to respond to a famine after many have already died, the tech firms, including Amazon, \will use the predictive power of data to trigger funding\ to take action before it becomes a crisis, the World Bank and UN announced. (Representational image/ Photo: AFP)$ Business

Amazon closer to buying stake in Future Retail

As per reports, Future is seeking a valuation of $20 billion for the stake sale. Amazon will also have the option to...

14 Aug 2019 1:30 AM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Business

RIL jumps 10 per cent on mega asset sale, debt cut plan

Brokerages raised RIL's target price after factoring in the impacts of Monday's announcements.

14 Aug 2019 1:30 AM IST

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.

Business

10830 to act as immediate support

The benchmark Index fell 693 point intra-day as it touched a low of 36,888.49 with major heavy weights down 2 to 5 per...

14 Aug 2019 12:57 AM IST