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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 builds on gains for 2nd day as rupee recovers; auto leads rally

The 50-share Nifty went past the 11,600-mark to hit a high of 11,603 before finally ending 52.20 points.

7 Sept 2018 4:05 PM IST

American retail chain Walmart will invest Rs 900 crore in Maharashtra.

NCLAT wants to know India business models from WalMart and Flipkart

It has also asked trader's body CAIT to file its understanding over the Walmart's business model in India.

7 Sept 2018 4:03 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IRDAI to set timeline for LIC to cut stake in IDBI Bank to 15 per cent

LIC currently holds 7.98 per cent in debt-ridden IDBI Bank, and is in the process of increasing its stake to 51 per...

7 Sept 2018 3:59 PM IST

Indian Railways (Photo: PTI)

'Plan Bee' a success for Indian Railways

A number of cases have been reported from several parts of the country, where elephants have collided with trains at...

7 Sept 2018 3:48 PM IST

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

RBI fines Union Bank Rs 1 crore for delay in fraud detection,...

However, the bank said that the amount of the penalty is not material considering the size of the bank.

7 Sept 2018 3:16 PM IST

Flipkart had hired about 10,000 temporary staffers, mostly in logistics, ahead of festive sales

Flipkart aims over 30 per cent phone sales this festive season

Mobile phones are one of the most popular items sold through e-commerce sites in the country.

7 Sept 2018 3:14 PM IST

Fortis Healthcare board

Fortis arm sells 15 lakh shares in RHT to FHIL

RHT has a portfolio of 12 clinical establishments, and operating hospitals across India.

7 Sept 2018 2:52 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

State Bank of India says Anshula Kant appointed MD

Kant will remain in the position until the date of her superannuation on September 30, 2020 or until further orders, SBI...

7 Sept 2018 2:49 PM IST

The privatisation of loss-making Air India has hit a roadblock at the starting line-up itself.

Govt working on strategic sale of Air India subsidiary AIATSL

Air India is reeling under a debt burden of Rs 48,000 crore.

7 Sept 2018 2:39 PM IST

Australian Indo Gold Limited discovers 38.5 million tonnes low grade gold resources in Jagpura

Gold softens on slack demand, global cues

Gold is trading at Rs 31,450 per 10 gram at the bullion market on muted demand from local jewellers.

7 Sept 2018 2:30 PM IST

The price of petrol in Delhi climbed to Rs 75.71 per litre from Rs 75.55 and diesel to Rs 67.50 a litre from Rs 67.38.

Rising fuel prices: TN Govt says onus on Centre to cut taxes

The Centre has said it will not cut excise duty on petrol and diesel to cushion the spiralling prices.

7 Sept 2018 1:59 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI defends 72 rupee per dollar mark strongly: dealers

After briefly slipping to 72.04 to the dollar in early trade, the Indian rupee stayed above the 72 mark for most of the...

7 Sept 2018 1:56 PM IST