Business

In Maharashtra, 167 sugar mills have started their crushing operations and are running in full swing and as on November 30, they have produced 18.05 lakh tonne, which is 21% higher than the output during the same period last year.

Experts are of the view that the RBI may not change the benchmark lending rate (repo) despite moderation in economic growth and easing inflation.

Forex traders said increased selling of the American currency by exporters and banks and sustained foreign fund inflows supported the domestic currency.

However, 42 per cent of 300 Indian small and medium enterprises (SMEs) — which participated in the survey, said that getting access to finance to grow the business is difficult, compared to 33 per cent respondents globally.

He said RBI has been enjoying functional autonomy and nothing has happened in the recent past that has taken this away.

The parliamentary panel is led by Congress leader Veerappa Moily and includes former PM Manmohan Singh.

At the interbank forex market, the rupee opened lower at 70.91 and declined further to quote at 71.02, showing a fall of 15 paise over its previous close.

Saudi Arabia agreed to raise supply steeply in June, in response to calls from consumers, including the United States and India, to help cool oil prices and address a supply shortage after Washington imposed sanctions on Iran.

For web check-in of a first-row seat, a passenger will have to pay Rs 800 extra, while a non-reclining seat in row 12, next to the emergency exit, will cost an additional Rs 600 when selected online.

Besides, fresh foreign fund outflows further hurt trading sentiments.

Of this, the Directorate General of GST Intelligence (DGGI), which is enforcement agency for checking indirect tax evasion, has detected evasion of goods and services tax (GST) worth Rs 4,562 crore in 571 cases.

While there have been reports and demands from some quarters for the Governor to step down, sources said Patel is unlikely to yield under pressure and will rather mount a strong defence of the central bank's policies regarding stringent NPA recognition no...

Positive leads from the US markets on optimism that the US and China may resolve their trade dispute, and a mixed trend at other Asian bourses too influenced sentiments here.

The revival package for Air India was sought by the aviation ministry after the government failed to find buyers for a 76 per cent stake in the airline.

The bank's gross non-performing assets (NPAs) hit 31.78 per cent (Rs 60,875.49 crore) of the gross advances by September 30, 2018 as against 24.98 per cent (Rs 51,367.69 crore) in the year-ago period.

The 30-share Sensex was trading 14.78 points lower at 35,129.71, after it spurted 201 points, or 0.57 per cent, to 35,345.49 points in opening session.