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LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Market shows tremendous strength

The market will react to exit polls in early trade on Monday and that could set the tone for the rest of the day as...

18 May 2019 2:51 AM IST

Exporters need all the help they can get to help close the trade deficit. (Representational image)

Trade war unlikely to aid Indian exports

In the past, China has showcased such tendency and dumped its products at predatory rates in many markets including...

18 May 2019 2:46 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Life insurers see strong growth

April has particularly been fruitful for the listed players in new business premium. All the four listed players saw...

18 May 2019 2:33 AM IST

Bajaj Finance shares touched a high of 3,314.95 in intra-day trade and finally closed with a gain of 6.09 per cent at Rs 3,301.20.

Focus on consumer loans helps Bajaj Finance put up good show

The company is well-placed in the liquidity front, which will support its growth, Kotak Institutional Equities said.

18 May 2019 2:29 AM IST

Co-founders Rahul Bhatia and Rakesh Gangwal hold 38.26 per cent and 36.69 per cent stake, respectively, along with their families.

Expansion strategy at core of Indigo friction

Aditya Ghosh stepped down last year as there were differences with the promoters over fleet expansion.

18 May 2019 2:24 AM IST

The case relates to alleged violation of norms by directors of the aviation company for relaxation of 5/20 rules in the aviation sector to get licenses for international operations, as well as violation of Foreign Investment Promotion Board (FIPB)rules, CBI said. (Photo: PTI | Representational)

Aviation premium up 33 per cent in FY19

In FY19, total aviation premium written by domestic insurers stood at Rs 544 crore.

18 May 2019 2:19 AM IST

Godrej Interio plans to tie-up with local carpenters as it seeks to enter into premium custom-designed furniture market in select cities. (Representational image)

Spencer's to buy Godrej's Nature's Basket

Analysts said consolidation is the way forward in retail industry, as scale matters most in this low-margin business.

18 May 2019 2:14 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

IOC ties up oil from US, Saudi to make up for Iran shortfall

IOC and other Indian refiners stopped importing crude oil from Iran this month following the US' move to end sanction...

17 May 2019 7:38 PM IST

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

Forex reserves up by USD 1.36 bn to USD 420.05 bn

In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.

17 May 2019 7:29 PM IST

AURIC is located at a distance of 15 minutes from the Aurangabad International Airport and 40 km from Jawaharlal Nehru Port Trusts dry port and container terminal at Jalna.

Industrial city AURIC eyes investment worth Rs 70,000 cr over 12 years

Investment worth Rs 70,000 cr over 12 years can lead to creation of over 1.5 lakh jobs.

17 May 2019 6:38 PM IST

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

Rupee snaps 3-day winning streak; settles 20 paise lower at 70.23

Forex traders said the decline in rupee was in tandem with weakness in other major Asian currencies vis-a-vis US dollar.

17 May 2019 6:18 PM IST

E-commerce major Snapdeal

Snapdeal's mega deals sale offers discount on summer essentials

Up to Rs 350 off with DEAL350 coupon code. Additional 15 pc discount to RBL Bank credit card users.

17 May 2019 6:07 PM IST