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Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex falls over 150 points; banking, IT stocks drag

The 30-share index was trading 158.33 points, or 0.40 per cent, lower at 39,792.13.

12 Jun 2019 10:05 AM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

India defends methodology to measure economic growth

GDP growth being overstated by about 2.5 percentage points per year between 2011-12 and 2016-17.

12 Jun 2019 9:54 AM IST

Baba Ramdev promoting Patanjali Chyawanpras

Dash for growth at yoga guru Baba Ramdev's company Patanjali leads to...

The company says its rapid expansion did bring some teething problems, but that they had been overcome.

12 Jun 2019 9:10 AM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL makes Rs 962 crore payment towards NCDs, to seek ratings upgrade

The company has made interest payments in lieu of Rs 961.95 crores as committed to its debenture holders.

12 Jun 2019 8:58 AM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Centre addresses challenges faced by steel industry

Ministers Goyal and Pradhan discussed at length the measures their ministries may take to reduce unnecessary imports and...

12 Jun 2019 8:32 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.

Short-term trend looks positive

The broader market indices were mixed as BSE Mid-cap index gained 0.79 per cent while BSE Small-cap index gained 0.24...

12 Jun 2019 2:46 AM IST

Luxury and mid segment housing, both saw increased queries in comparison to last year.

Unsold affordable housing stocks rise 3 per cent in Q1

The luxury segment or units priced Rs 1.5 crore to Rs 2.5 crore, too saw a decline in unsold stocks by 12 per cent.

12 Jun 2019 2:42 AM IST

ITC Chairman Sanjiv Puri

ITC to manage hotels, expand in South Asia

The entire amount will be invested over the next few years, ITC Chairman Sanjiv Puri said in Kolkata on Tuesday.

12 Jun 2019 2:38 AM IST

Natarajan Chandrasekaran is one of the groups most highly regarded executives and the man behind its best-performing unit. (Photo: PTI)

N Chandrasekaran says Tata Global needs a large portfolio

In the FMCG segment, we need a large portfolio. We cannot just be a single tea player and depend on it to attain scale.

12 Jun 2019 2:34 AM IST

The automakers sold a total of 3,01,238 units in May 2018, the latest data from the Society of Indian Automo-bile Manufacturers, or Siam, said on Tuesday.

Auto industry seeks support as car sales see sharpest decline in 18...

Total two-wheeler sales in May declined 6.73 per cent to 17,26,206 units versus 18,50, 698 units a year ago.

12 Jun 2019 2:30 AM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL clears Rs 961 crore interest on NCDs

The company has made interest payments in lieu of Rs 961 crore as committed to its debenture holders.

12 Jun 2019 2:23 AM IST

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

Moody's puts Yes Bank under rating review

The move comes a day before the bank's annual general meeting scheduled on Wednesday.

12 Jun 2019 2:20 AM IST