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Instead, gold was replaced by the dollar standard, with the proviso that dollars could be exchanged for gold.

Forex reserves decline by USD 2.05 bn to USD 417.99 bn

In the previous week, the reserves had risen by USD 1.368 billion to reach USD 420.055 billion.

24 May 2019 7:39 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee surges 49 paise against US dollar on PM Modi's landslide win

However, concerns over ongoing US-China trade tariff tussle continued to hurt forex market sentiment.

24 May 2019 7:30 PM IST

Out of the 30,000-odd J&K youth, who were trained under its Udaan scheme, more than 18,000 have received job offers from prestigious corporate houses. (Representational image)

11.38 lakh jobs created in March in formal sector, shows ESIC data

As per ESIC's latest payroll data, around 1.48 crore jobs were generated in 2018-19 financial year.

24 May 2019 7:23 PM IST

The main business of Rural Electrification Corporation (REC) Ltd is to finance power sector.

REC Ltd net profit rises 50 pc to Rs 1,256 crore in March quarter

REC Ltd's consolidated net profit for 2018-19 was Rs 5,741.38 crore, up from Rs 4,450.52 crore a year ago.

24 May 2019 6:24 PM IST

Hinduja Group flagship company Ashok Leyland today reported a 20 per cent increase in total sales at 22,453 units for March 2018.

Ashok Leyland Q4 net dips 12 pc at Rs 653 crore

For 2018-19 fiscal, the firm reported a consolidated profit of Rs 2,194.6 crore as against Rs 1,813.82 crore in 17-18.

24 May 2019 5:04 PM IST

The BSE Sensex on Wednesday soared to a life-time high of 33,117.33 and the NSE Nifty scaled a historic 10,340.55 mark in opening trade. (Photo: AP)

Post PM Modi led BJP victory, Sensex gains 623.33 points to close at...

Analysts believe the victory of Modi-led coalition will ensure continuation in reform measures initiated during NDA's...

24 May 2019 4:08 PM IST

The JSW Steel scrip closed 2.41 per cent up at Rs 294.85 on the BSE, as against a gain of 0.46 per cent on the benchmark.

JSW Steel Q4 consolidated net profit shrinks 48 pc to Rs 1,495 crore

The company had posted a consolidated net profit of Rs 2,879 crore in the year-ago quarter, JSW Steel.

24 May 2019 3:58 PM IST

The value-eroding negative bond yield environment as well as the spate of political worries has underpinned the flight to gold in the recent past.

Gold climbs Rs 200 on jewellers' buying; silver also firms up

Gold is trading at Rs 32,870 per 10 gram in the national capital on the back of fresh buying from local jewellers.

24 May 2019 3:38 PM IST

Fortis Healthcare board

Delay in offer: IHH says it 'understands concerns' of Fortis' minority...

The delay is due to the stay imposed on the open offer by the Supreme Court of India in the contempt case filed by...

24 May 2019 3:23 PM IST

Prime Minister Narendra Modi (Photo: PTI)

New govt faces challenges of arresting slowdown, creating jobs:...

Economic growth slipped to a five-quarter low of 6.6 per cent in October-December 2018.

24 May 2019 2:19 PM IST

Intra-day, Infosys share price rose by 2.4 per cent to Rs 945.85. (Photo: PTI)

Infosys completes acquisition of 75 pc stake in ABN AMRO Bank...

ABN AMRO continues to hold the remaining 25 per cent in Stater.

24 May 2019 1:56 PM IST

The sketches also reveal a massive coloured MID screen in the instrument cluster, a chunky steering wheel with multi-function buttons and even a HUD.

Kia SP2i interiors teased; global unveil on June 20

The design sketches reveal a plush looking cabin with a huge 10.25-inch touchscreen infotainment system.

24 May 2019 1:07 PM IST