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The Indian rupee is totally correlated to the crude prices and as long as the crude remains above $70, the rupee will hold weak.

Rupee rises 26 paise against US dollar in early trade

Rupee is trading at 70.47 against the US dollar, amid positive opening in domestic equity market.

6 Aug 2019 10:26 AM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Sensex rebounds over 200 points; Nifty above 10,900

The 30-share index was trading 214.96 points, or 0.59 per cent, higher at 36,914.80.

6 Aug 2019 10:22 AM IST

MTNL, in a bold move, has approached the government seeking allotment of 4G spectrum.

MTNL employees stage protest for non-payment of salary, pension

Around 8,000 employees of MTNL staged protest demanding the immediate release of the salary.

6 Aug 2019 9:57 AM IST

To retain its market leadership status, the priority of the CIL would be to sell coal at a lower price than the private players.

Govt begins process to auction 27 coal mines

Govt said it is auctioning 21 coal mines for end-use non-regulated sectors and six coking coal mines for end-use iron...

6 Aug 2019 9:52 AM IST

Reliance Jio will start offering cashback and benefits totalling Rs 2,599 from Friday to its Jio Prime members opting for recharge of Rs 399 and above. (Photo: AFP)

Jio, Airtel to bid for RCom's physical assets

RCom lenders have claimed dues of around Rs 49,000 crore on the company till May 2019.

6 Aug 2019 9:48 AM IST

Jeff Bezos, founder and CEO of Amazon.com

Jeff Bezos sells Amazon stock worth USD 2.8 billion last week

Bezos had previously said he plans to sell stock worth about USD 1 bn each year to fund his rocket company, Blue Origin.

6 Aug 2019 9:40 AM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank ratings under review again

The private sector lender plans to raise about $1.2 billion, at least part of which is likely by the end of the second...

6 Aug 2019 2:42 AM IST

More Indian companies are likely to default on their borrowings in the fiscal year that started in April compared with the previous year on higher interest costs and a deterioration in business conditions, according to rating agency ICRA.

Challenges in resolution of construction firms: Icra

The financial creditors of stressed construction firms are likely to face high haircuts and smooth resolution still...

6 Aug 2019 2:42 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

Govt to issue guidelines to protect e-commerce consumers

The ministry has sought suggestions from the stakeholders on the guidelines.

6 Aug 2019 2:37 AM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Underlying trend remains negative

Sensex and Nifty fell over 1 per cent though there was some recovery towards the close of the trade.

6 Aug 2019 2:37 AM IST

IMD stated that the intensity of rains would further increase by next week. (Representational image)

Rainfall deficit narrows to 7 per cent

The rainfall deficit was around 30 per cent at the start of July.

6 Aug 2019 2:36 AM IST

Powering the motorcycle is a 499.6 cc, liquid-cooled, fuel-injected twin-cylinder motor that develops 47.6 hp and 45Nm of torque.

Benelli rides in Leoncino 500 sports bike at Rs 4.79 lakh

The engine sits within a tubular steel-trellis frame that's suspended on a 50mm USD fork and pre-load adjustable...

6 Aug 2019 2:35 AM IST