Business
Gold Soars to All-time High as Dollar Dive Boosts Safety Rush
Spot gold rose 1.6% to $1,931.50 per ounce by 0627 after hitting a record high of $1,943.93. U.S. gold futures gained 1.6% to $1,927.50.
Coffee Day Owed $472 Million by Deceased Founder's Firm, Shows Report
An entity linked to Siddhartha and involved in business with Coffee Day owed Coffee Day $472 million on the day his body was found..
Bank Staff Unions, IBA Agree on 15% Hike in Salary, Allowances of 37 Lenders
The wage revision would be effective from November 2017, according to the agreement signed by bank unions and the Indian Banks' Association (IBA).
Sensex Drops Over 100 Points in Early Trade, Nifty Below 11,150 Tracking Mixed Global Mkt Cues
The 30-share BSE Sensex was trading 108.36 points, or 0.29 per cent, lower at 37,821.97. Similarly, the NSE Nifty slipped 29.50 points, or 0.26 per cent, to 11,132.75.
India, US Need to Sit Down on Negotiating Table for Free Trade Agreement: Piyush Goyal
For the FTA, the minister said, India is willing to work with an open mind, with a willingness to open markets with a corresponding opportunity for Indian businesses in the US
PMLA Court Refuses Bail to Yes Bank Founder Rana Kapoor in Multi-crore Fraud Case
Kapoor had sought bail on merits of the case. His lawyers submitted that the investigation in the case was completed, hence there was no reason to keep keep him in jail.
‘No Family Member Has Been Given Special Rights’: Ratan Tata Says Firm’s Future Head May Not be a Tata
The Tata family has no 'vested right' to the position of chairman of the trust, Ratan Tata said.
Power Demand Expected to Fall Up to 6% in FY21, Says Icra
It said during the first quarter of FY21, all-India electricity demand declined by 16.2 per cent year-on-year because of the lockdown imposed to control the COVID-19 pandemic.
Madras HC Directs Centre, RBI to File Counter to Pleas Challenging Ordinance on Cooperative Banks
The cooperative banks had sought stay on operations of the provisions of the ordinance which empowers the Reserve Bank of India todeal with incorporation, regulation and winding up of cooperative banks too.
Tax Fraud: 1,377 Exporters Who Claimed Rs 1,875 Crore IGST Refund 'Untraceable'
Also, the list of 'risky exporters' includes 7 larger entities who are accredited as star exporters. In addition, adverse reports have also been received on three star exporters. These 10 star exporters have claimed IGST refund amounting to Rs 28.9 crore...
Sensex Jumps Over 200 Points in Early Trade, Nifty Tops 10,800 Tracking Gains
The 30-share BSE Sensex was trading 217.95 points, or 0.60 per cent, higher at 36,689.63. Similarly, the NSE Nifty rose 71.50 points, or 0.67 per cent, to 10,811.45. Tata Steel was the top gainer in the Sensex pack, rallying around 4 per cent, followed by...
5G-Ready Reliance Gets Google on Board: Full Text of RIL Chairman Mukesh Ambani’s Speech at 43rd AGM
Ambani, addressing the first ever virtual Annual General Meeting of RIL, laid the future roadmap for the company and announced Google's investment in Jio, and plans to launch a homegrown 5G service.
Rupee Jumps 27 Paise to Close at 75.15 Against Dollar Tracking Gains in Domestic Equity Market
Forex traders said investor sentiment strengthened after the human clinical trials for COVID-19 vaccine were initiated in India.
RIL AGM 2020: Capital Raise Complete, Will Only Add Strategic Partners Now, Says Mukesh Ambani After Google-Jio Deal
Reliance Industries has raised a total of Rs 2.12 lakh crore through the Rights Issue, British Petroleum deal and stake sales in Jio Platforms, the RIL Chairman added.
Asset Quality of Banks in India, ASEAN Economies to Weaken due to Covid-19 Crisis: Moody's
Moody's expects that asset quality and profitability will deteriorate from "good" levels in 2019 across most banking systems, and while government measures will not fully eliminate the negative impact.
58 Indian-origin Executives Employ Over 3.6 Mn Globally, Account for $1 Trillion in Revenue: Report
Indian-origin business leaders are reaching the pinnacle of corporate success in greater numbers than ever, many use their platforms for social change advocacy, said Indiaspora, a nonprofit organisation of global Indian diaspora leaders from various backg...