Business
Rupee Slumps 26 Paise to 73.83 on Rising Crude Prices
On Friday, the rupee had zoomed 55 paise to 73.57, marking the biggest jump in over three weeks.
Govt To Give Special Benefits to Honest and Consistent Taxpayers; Policy in Works
The proposal will be vetted by the Finance Ministry and sent for final approval to the Prime Minister's Office before it is cleared by the Union cabinet.
RBI to Inject Rs 12,000 Crore into System on October 11 to Manage Liquidity
The auction to purchase government bonds is a part of the Open Market Operations (OMO) to manage liquidity in the system which seems to be facing liquidity tightness.
Sensex Falls Over 150 Points, Nifty Slips Below 10,300
Falling for the fourth straight session, the BSE 30-share barometer fell 169.20 points to 34,207.79 after hitting a low of 34,106.24.
Oil Stocks Plunge up to 25% Post Fuel Price Cut by Govt
Intra-day, the shares of ONGC, HPCL, IOC and BPCL touched their 52-week low on the BSE.
Fall of Chanda Kochhar: How Videocon Controversy Proved to be Undoing of Star Banker
The 56-year-old Chanda Kochhar, who rose to occupy the corner office at the largest private sector lender, was mired in allegations of conflicts of interest, lack of disclosures and quid-pro-quo while extending loans to the now bankrupt Videocon Industrie...
Mayhem at Dalal Street as Sensex Crashes 850 Points, Nifty Below 10,600
Brokers said weakness was seen in most Asian markets as high US yield and good economic data led to fear that investors would move to the US, dampened trading sentiments here.
IL&FS Board to Hold Maiden Meet Tomorrow, Thrash Out Turnaround Plan
The present shareholders of IL&FS, including LIC, SBI and others will also take a call on participating in the Rs 4,500-crore rights issue only after the outcome of the board meeting.
Infosys and TCS Among 12 Indian Firms in Forbes' List of World’s Best Companies
Entertainment giant Walt Disney, with a market cap of USD 165 billion topped the list, followed by hospitality major Hilton and Italian carmaker Ferrari at the second and third spots respectively.
GE Ousts John Flannery After Slump, Names H Lawrence Culp as CEO
The company's shares rose 15 percent before the opening bell. The stock has more than halved since Flannery took the top job in August last year.
Bandhan Bank Plunges to All-time Low as RBI Tightens Scrutiny
The Reserve Bank of India (RBI) clamped down on the lender, majority owned by Bandhan Financial Holdings Ltd, a so-called non-banking financial company (NBFC), for failing to bring down its main shareholder's stake to below 40 percent.
Yes Bank Stocks Up After Announcement of Succession Plan as RBI Cuts Rana Kapoor’s Term
Shares of Yes Bank were trading over 3 percent on the BSE following the announcement.
RBI Likely to Raise Rates at Friday's Review Due to Weak Rupee and High Petrol Prices
The monetary policy committee will start its three- day meeting from October 3 to decide on the fourth bi-monthly monetary policy.
Vijaya Bank Board Approves Merger Proposal With Bank of Baroda, Dena Bank
The board at their meeting held on Saturday decided to give its in-principle approval for amalgamation of Vijaya Bank along with Bank of Baroda and Dena Bank.
DGCA Starts Special Safety Audit of Domestic Airlines Following Series of Mishaps
The special audit is currently being conducted on all Delhi-based scheduled air operators, while the exercise on the Mumbai-based airlines will be carried out from October 15, the DGCA official told PTI.
Sensex Falls Over 100 Points on Foreign Fund Outflow, Rising Oil Prices
The 30-share Sensex fell 124.63 points, or 0.34 per cent, to 36,180.39, after touching a high of 36,454.03 at the outset. Similarly, the NSE Nifty fell by 33.40 points, or 0.30 per cent, to 10,934.
