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As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

Rupee settles 6 paise higher against dollar ahead of Fed meet outcome

Rupee is trading at 68.79 against dollar amid uncertainty ahead of the outocme of US Federal Reserve meeting.

31 July 2019 6:59 PM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

Reviewing exposure to auto dealers; will ensure industry do not...

SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement.

31 July 2019 6:24 PM IST

For infrastructure sector, 2019 could be a landmark year in terms of investments. In the first four months of 2019 itself, private equity and venture capital investments in infrastructure sector has surpassed the previous annual high of 2007.

Eight core sectors growth slows down to 0.2 pc in June

During April-June, the eight sectors grew by 3.5 pc compared to 5.5 pc in the same period last year.

31 July 2019 6:07 PM IST

More than 2,700 flights have now been cancelled since the start of the walkout, causing travel disruptions for over 345,000 passengers, Lufthansa said in a statement. (Photo: AP)

Lufthansa to raise capacity in business class in flights from city

The move by the airliner comes in the backdrop of the 50 per cent expected growth of international passengers in the...

31 July 2019 5:30 PM IST

N Chandrasekaran

N Chandrasekaran re-appointed as director of Tata Motors

Shareholders approved the re-appointment of Chandrasekaran with 98.65 per cent votes.

31 July 2019 4:55 PM 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.

Sensex gains 84 points ahead of US Fed's rate decision

After a choppy session, the 30-share index settled 83.88 points or 0.22 per cent higher at 37,481.12.

31 July 2019 4:13 PM IST

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

IOC net drops 47 per cent on lower refinery margins

IOC reported a consolidated net profit of Rs 3,737.50 crore, or Rs 4.07 per share in April-June quarter this year.

31 July 2019 3:58 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 falls Rs 100 on muted demand; silver firms up

Gold is trading at Rs 35,780 per 10 gram in the bullion market here Wednesday due to lacklustre demand from jewellers.

31 July 2019 3:49 PM IST

Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts. (Photo: Allahabadbank.in)

Allahabad Bank okays raising Rs 2,000 cr equity capital via QIP

The Kolkata-headquartered lender is scheduled to announce its June 2019 quarter earnings on Wednesday.

31 July 2019 3:12 PM IST

Consumers can book auto repairs through the app, have door-step pick-up and drop and track all work through real time images on the app to bring trust and transparency in this highly organised sector.

Fixcraft raises an undisclosed amount of seed funding

Fixcraft with a very clear vision to enable excellent quality car services to be available to everyone at fair price.

31 July 2019 3:08 PM IST

S V Ranganath appointed as the interim chairman of the Coffee Day Enterprises.

S V Ranganath named as interim chairman of Coffee Day Enterprises

The next meeting of the Board of Directors scheduled to be held on August 8.

31 July 2019 2:20 PM IST

Bajaj Auto, the second largest motorcycle maker, on Thursday introduced the all new Avenger Street 160 bike with a starting price of Rs 82,253 at Delhi showroom to gain market share in the growing spots bike segment.

Bajaj Auto revises bike prices

Popular models such as the Platina, Pulsar and Dominar have become a tad more expensive than before.

31 July 2019 1:53 PM IST