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

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.

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.

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.

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.

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.

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

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

Taxpayers duped by cyber fraudsters

Cyber criminals are using fake SMS to trick customers into sharing bank account details, finds Quickheal.

14 Aug 2019 12:55 AM IST

Mosambi, pomegranate, jackfruit, pear, cucumber and carrot are the new fruits and vegetables added to calculate wholesale inflation (WPI) in country as the government on Friday revised inflation and industrial growth (IIP) base year to make it more relevant to the changing times.

Jul retail inflation eases to 3.15 pc; experts advise caution on...

Retail inflation was 3.18 per cent in June 2019, while it stood at 4.17 per cent in year-ago period (July 2018).

13 Aug 2019 8:48 PM 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.

RIL soars 10 pc, m-cap surges by Rs 71,638 cr after a slew of...

The oil-to-telecom giant saw its scrip jump 9.72 per cent to close at Rs 1,275 on the BSE.

13 Aug 2019 8:35 PM IST

A few decades ago, the insurers followed the most basic and traditional way to incorporate processes into their domain. (Photo: Pixabay)

Govt-constituted panel suggests making CSR non-compliance civil...

Companies having CSR prescribed amount below Rs 50 lakh can be exempted from the need of constituting a CSR committee,...

13 Aug 2019 8:24 PM IST

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.

Investor wealth plummets by Rs 2.21 lakh cr as stocks tumble

At close of trade, the market capitalisation of BSE-listed companies tumbled Rs 2,21,837.81 crore to Rs 1,39,46,997.40...

13 Aug 2019 7:13 PM IST