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The weight of private banks, which is the top sector holding of the mutual funds, was up for the eighth successive month to climb to a new high of 19.7 per cent.Business
MFs prefer capital goods, financials and cement

The weight of defensives' decreased 110 bp to 26.8 per cent.

15 Jun 2019 1:39 AM IST

In January 2018, after the table change for fixed speed ACs and variable speed ACs, the prices of air-conditioners had gone up by 15 per cent.Business
Cooling appliances see double-digit growth

HDFC Securities finds that demand for low-priced products was higher this summer against last summer.

15 Jun 2019 1:37 AM IST

Indian services sector activity returned to its growth track in March, driven by greater inflows of new work.Business
India's services exports up 2.8 pc to USD 18.06 bn in April

The services sector receipt or exports during April 2018 stood at USD 17.56 billion.

14 Jun 2019 7:26 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.Business
Rupee loss widens by 30 paise to 69.80 against US dollar

Weak Asian currencies and an intense sell-off in domestic equities also put pressure on the Rupee.

14 Jun 2019 7:13 PM IST

I appeal to Sonia Gandhi to rise above vote bank politics. I would also request the same from Mayawati and Mamata Banerjee, Union Minister Ravi Shankar Prasad said. (Photo: Twitter | ANI)Business
'Cross-border data movement under new law may be allowed on basis of...

India will uphold its data sovereignty. That will not be negotiable, said IT and Telecom Minister Ravi Shankar Prasad.

14 Jun 2019 7:04 PM IST

Defence Minister Nirmala Sitharaman said that two senior officers whose named are mentioned in the purported letter have denied signing it. (Image: ANI twitter)Business
Spend more on education, hygiene, woman safety: social sector experts...

They asked FM to levy higher taxation on sweetened and salted products, rationalise taxes on medical devices.

14 Jun 2019 5:52 PM IST

The Union Commerce Secretary Anup Wadhawan said, \The benefits in absolute sense and a percentage of trade involved are very minimal and moderate.Business
India to impose retaliatory tariff on 29 US items from June 16

A notification with this regard will be issued by the finance ministry soon, sources said.

14 Jun 2019 5:21 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.Business
Sensex closes 289.29 points lower at 39,452; bank stocks drag

Bucking the weak market trend, L&T, Sun Pharma, Vedanta, PowerGrid and TCS rose up to 0.80 per cent.

14 Jun 2019 3:49 PM IST

Times have changed what we saw as smartphones and computers as the window to the world, will soon see the television as the next open window.Business
India ad spend likely to be Rs 697 billion in 2019: Report

The 2019 estimate is up from January's projection of 10.6 per cent growth in ad spend, and 10.8 per cent in 2018, the...

14 Jun 2019 3:27 PM 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 surges Rs 300 on fresh buying, strong global trend

Gold is trading at Rs 33,870 per 10 gram in the bullion market on fresh buying by jewellers and a firm trend overseas.

14 Jun 2019 3:08 PM IST

Reacting on Gandhis reply in Supreme Court, Defence Minister Nirmala Sitharaman said, His credibility has taken a beating. (Photo: Twitter/ ANI)Business
Sitharaman's pre-budget meeting underway with Social Sector Groups...

Union Budget will be presented on July 5 followed by presenting the Economy Survey on July 4.

14 Jun 2019 2:32 PM IST

At present diesel cars at Maruti, which sells one car out of two bought in the country, account for almost a third of its sales.Business
Passenger vehicle retail sales dip 1 pc in May: FADA

Two-wheeler sales declined by 8.6 per cent to 14,07,361 units last month as compared with 15,40,377 units in the...

14 Jun 2019 2:24 PM IST

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