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

Sensex tanks over 400 points, Nifty below 11,700

The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72.

8 July 2019 9:44 AM IST

Germanys biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of 28 billion euros (USD 34 billion) in a routine operation, more than the entire bank is worth.

Deutsche Bank to cut 18,000 jobs in 7.4 billion euro overhaul

Deutsche Bank could cut as many as 20,000 jobs more than one in five of its 91,500 employees.

8 July 2019 8:56 AM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB says detects 38-billion rupee fraud

PNB has been defrauded of over USD 2 billion in a separate scam that came to light last year.

8 July 2019 8:45 AM 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.

Corrective phase looms

The broader market also traded in a range as the Nifty Mid-Cap and Small-Cap Index closed lower.

8 July 2019 2:34 AM IST

The Union Budget presented by the new Finance Minister Nirmala Sitharaman could not offer tea producers in India the cuppa that cheese. And thats not without reasons.

Tea industry neglected

Interestingly, Iran, under normal circumstances, buys 28-30 million kg of orthodox teas from India.

8 July 2019 2:31 AM IST

Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Share buyback to attract higher tax

Indian IT stepped up payout of free cash flow through a mix of dividend and buyback (more tax efficient) in the past...

8 July 2019 2:28 AM IST

Onboard Housekeeping Services of the Central Railway.

Budget revealed govt's intention to 'aggressively' push privatisation:...

Railways will need Rs 50 lakh crore between 2018 to 2030 to complete the sanctioned projects, Sitharaman said.

7 July 2019 6:08 PM IST

BJP leader and Union minister Nirmala Sitharaman told reporters that elections in six of the nine seats, which have undergone elections on Sunday, were marred by violence. (Photo: ANI twitter)

Govt duty bound to achieve fiscal deficit of 3 pc as per law: FM

In Budget presented on Friday, government lowered the fiscal deficit target to 3.3 pc of the GDP for 2019-20.

7 July 2019 6:00 PM IST

The upcoming elections, rising inflation and interest rates could further dampen the buying sentiment in the real estate, making the task of loan recovery difficult.

Indian realty market passing through major consolidation: PropEquity

There has been a massive consolidation with over 50 pc of total developers that existed in 2011-12 leaving industry by...

7 July 2019 5:49 PM IST

Amazon.in has aggressively invested in expanding its infrastructure and delivery capabilities.

Amazon to launch specialised fulfilment centres in Patna, Guwahati

With these launches, Amazon will now have more than 50 FCs with more than 20 million cubic feet storage.

7 July 2019 5:12 PM IST

India has requested the US to exempt it from the hefty tariffs on steel and aluminium imports.

Budget's infra push to boost demand for steel: Industry

Announcement of streamlining multiple labour laws into 'four labour codes' is a progressive step, said TV Narendran.

7 July 2019 4:51 PM IST

Image: TigerMobiles

DoT likely to start tracking system for lost mobiles next month

The tracking system would help detect stolen mobiles even if SIM card is removed or IMEI number is changed.

7 July 2019 4:39 PM IST