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Representational image of gold bars.

Gold slides on sluggish demand, silver firms up

Traders said besides tepid demand from local jewellers, a weak trend overseas lead to decline in gold prices.

1 May 2019 4:08 PM IST

Larsen and Toubro (L&T) on Thursday said its subsidiary L&T Construction has bagged orders worth Rs 2,440 crore in the domestic market.

L&T buys VG Siddhartha, Coffee Day stake in Mindtree for Rs 3,210 cr

Infrastructure major Larsen & Toubro is in fray to buy up to 66 per cent stake in the Mindtree for around Rs 10,800...

1 May 2019 4:01 PM IST

PDS sugar rate for select groups is also hiked from Rs 15 per kg to Rs 20.

Govt fixes 2.1 MT quota for sugar sale in May

The food ministry has allowed 534 mills to sell a total of 2.1 million tonne (MT) in this month, the order said.

1 May 2019 3:52 PM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

India Ratings lowers country's GDP growth projection for FY20 to 7.3...

Key reasons for downward revision are prediction of lower-than-normal monsoon for 2019 and continued agrarian distress.

1 May 2019 2:50 PM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

No funds to pay premium for group mediclaim policy: Jet Airways to...

Noting that group mediclaim policy would cease from May 1, Jet Airways's Rahul Taneja urged employees to take medical...

1 May 2019 1:57 PM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

India apprehensive Iran sanctions could boost oil prices, inflation

We are apprehensive that impact can translate higher oil prices, affecting common person, Harsh Vardhan Shringla said.

1 May 2019 12:06 PM IST

Government is planning to phase out LPG susbidy by March 2018. (Photo: PTI)

Cooking gas price increased by Rs 6 per cylinder

A subsidised domestic LPG cylinder will now cost the customer Rs 502 per cylinder in Delhi.

1 May 2019 10:52 AM IST

IT stocks declined up to 6% on Friday due to concerns over tightening of H1-B visa norms. Shares of Infosys dropped 3.11%, TCS fell by 0.55% on the BSE.

Indian markets closed on Wednesday for public holiday

Indian financial markets are closed on May 1 on ocassion of International Labour Day, as well as Maharashtra/Gujarat...

1 May 2019 10:01 AM IST

Maruti Suzuki says the increase in cost would put most of the diesel cars, especially the smaller ones, out of reach of small car buyers in the country.

Maruti drives in Ertiga diesel; Ford swears by diesel

US automaker Ford also on Tuesday said it will continue to sell diesel models in India and it has no plans to pull the...

1 May 2019 2:42 AM IST

Even as female drivers and women-only fleet taxi services are on the rise in the city, passengers booking cabs at the airport have been refusing to be driven by female cabbies.

My Obey Cabs plans rollout across 10 cities

The company has also lined up plans to foray into various district towns where other players are not there.

1 May 2019 2:37 AM IST

According to analysts at Kotak Securities, Q1FY18 net profit of the Nifty-50 index declined 8.4 per cent as compared to the same period last year, 1.8 per cent lower versus expectation.

Nifty50 to continue in consolidation mode

The US central bank's Federal Open Market Committee (FOMC) will announce its policy decision on Wednesday.

1 May 2019 2:32 AM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

Shakambhari Ispat takes over SPS Steels

SIPL had earlier been headed by Vipin Vora of SPS Group, which once claimed to have a turnover of Rs 5,000 crore.

1 May 2019 2:04 AM IST