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Sensex surged over 558 points and the NSE Nifty topped the 11,300-mark on Tuesday. (AP Photo)

Sensex rallies over 550 points, Nifty tops 11,300-mark

Ultratech Cement, TCS, Kotak Mahindra, M&M, Maruti, IndusInd Bank and Bajaj Auto were the prominent gainers

28 July 2020 4:40 PM IST

Housing sales plunged 79 per cent to 19,038 units across eight major cities in April-June. (DC Photo)

Housing sales in April-June drop 79% in top 8 cities

Mumbai saw 85 per cent fall in the second quarter of 2020 to 4,559 units, from 29,635 units in the corresponding period...

28 July 2020 3:43 PM IST

Mukesh Ambanis Reliance Industries Ltd will pay between â‚¹24,000-27,000 crore to buy the Indian retail chains owned by Future Group. (PTI Photo)

Reliance set to acquire Future Group's retail business for Rs 27,000...

Reliance's existing retail operation already runs close to 12,000 stores in over 6,700 Indian towns and cities

28 July 2020 2:55 PM IST

Hydrogen champion Hyundai races to electric as Tesla takes off. (AFP Photo)

Hyundai vs Tesla: Hyundai race to produce electric cars as Tesla takes...

No traditional automaker has been successful yet in catching up with Tesla, which retains an edge in battery and...

28 July 2020 11:34 AM IST

IndiGo announces deeper pay cuts of up to 35 per cent for senior employees. (AFP Photo)

IndiGo slashes pay up to 35% for senior employees

From May onwards, IndiGo had implemented pay cuts of up to 25 per cent for its senior employees

28 July 2020 10:51 AM IST

Gold hits record, gets more precious as dollar loses value. (AFP Photo)

Gold soars to record high as dollar drops

The precious metal had stormed almost $40 higher at one point to reach $1,980 an ounce

28 July 2020 10:24 AM IST

Oil prices rise on US stimulus hopes. (AFP Photo)

Oil prices edge higher on expected US stimulus, weak dollar

The US dollar dropped to its lowest in nearly two years against a basket of six other major currencies on back of a...

28 July 2020 9:02 AM IST

HDFC Chairman Deepak Parekh requested the RBI for a one-time restructuring of loans. (PTI Photo)

Don't extend loan moratorium, able corporates not paying loans: HDFC's...

If the moratorium is extended by another three months, then it is going to hurt us and smaller NBFCs particularly, said...

27 July 2020 4:03 PM IST

Oil slips as rising virus cases, US-China tensions weigh on markets. (AFP Photo)

Oil prices fall amid US-China tensions, increasing pandemic fears

Oil demand has improved somewhat from the deep trough of the second quarter, supporting prices, although the recovery...

27 July 2020 2:21 PM IST

Infrastructure push can re-ignite economic growth, says RBI Governor Shaktikanta Das. (PTI Photo)

Need to conclude free trade agreements with US, others: RBI Governor

Stating that recent agriculture reforms have opened new opportunities, the RBI Governor said the farm sector is emerging...

27 July 2020 1:18 PM IST

Huawei cuts India revenue target by up to 50%, laying off staff. (AP Photo)

Huawei is laying off 60-70% staff in India, cuts revenue target for...

Huawei is now targeting $350-$500 million in revenue for 2020, compared with roughly $700-800 million it was aiming...

27 July 2020 10:25 AM IST

Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors. (AFP Photo)

Gold prices hit all-time high amid US-China spat

Gold rose 1.0% to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011

27 July 2020 9:39 AM IST