Business
Sensex Extends Losses, Cracks Over 450 Points; Nifty Near 11,000
The 30-share index was trading lower at 36,378.14 showing a loss of 463.46 points, or 1.26 per cent at 1200 hrs. The broader Nifty 50 index was trading at 11,007.25, down 135.85 points, or 1.22 per cent.
Fitch Ups India's Growth Forecast to 7.8% for Current Fiscal
In its Global Economic Outlook, Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth.
This is How the Govt is Planning to Deal With Weak Rupee, Iran Oil Sanctions
The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India, which imports some 80 percent of its crude demand. Its currency has fallen sharply this year against the U.S. dollar, amid a wider sell-off in emer...
Govt Appoints MDs, CEOs in 10 Nationalised Banks; 5 from SBI Alone
Mrutyunjay Mahapatra and Padmaja Chundru are among five deputy managing directors in State Bank of India who have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively.
Crypto Has Lost Rs 44,80,000 Crore - Or Twice the GDP of Pakistan - in 2018
Losing $640 billion in a crypto crash for the world is not a joke. There is a reason most governments want it regulated. There is a reason why some governments, including the Indian government, have banned banks from getting involved for the time being.
India Ranks 3rd Globally in Terms of Number of Family-owned Businesses: Report
Indian family-owned companies generated a 13.9 per cent annual average share price return since 2006, compared to 6 per cent recorded by their non-family-owned peers.
Cabinet Approves New Procurement Policy to Ensure MSP to Farmers
A new scheme 'Price Deficiency Payment (PDP)' has been framed on the lines of Madhya Pradesh government's Bhavantar Bhugtan Yojana (BBY) to protect oilseeds farmers only.
Rupee Collapses to All-Time Low of 72.91. Wealthy NRIs, Hiking Rates Among Options Before RBI Now
Approaching NRIs and hiking benchmark rates are among some options before the RBI and the Centre to stabilise the rupee.
SpiceJet to Start Dedicated Air Cargo Services Named 'SpiceXpress' from Sept 18
SpiceJet would be the first schedule domestic airline to start dedicated air cargo services in India. A Boeing 737-700 plane has been inducted as the first freighter aircraft.
Rupee Continues Slide, Hits Life-time Low of 72.48 Against Dollar
Forex dealers said besides strong demand for the American currency, buying by importers, mainly oil refiners in view of surging crude oil prices and capital outflows, weighed on the domestic currency.
Rupee Falls for 6th Day in a Row, Hits New Closing Low of 71.75 on Macro Worries
Intra-day, the domestic unit plummeted to a historic low of 71.97 a dollar before finding some respite, staging some recovery towards the tail-end.
NBCC Says Amrapali's Projects Can be Completed Within 3 Years, Rs 8,500 Crore Needed
NBCC, which told the apex court it was ready to undertake the projects of the realtor, placed a proposal before the court for completing the projects in phases.
Infosys Share Price Hits Record High as Stock Adjusts for Bonus Issue
Earlier, Infosys announced issue of bonus shares in the ratio of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held.
Currency Volatility to Have 'Limited Impact' on India's Credit Profile: Fitch
According to Fitch Ratings, the recent sell-offs in Indian and Indonesian currency markets underline their sensitivity to shifts in global sentiment.
Govt Plans Exam for Individuals Looking to Become Independent Directors
While there are stringent provisions under the Companies Act, 2013 to ensure good governance standards, the roles of independent directors has come under the scanner in certain instances of corporate misdoings.
India Inc Cheers as Economy Grows at 2-year High of 8.2% in June Quarter
The GDP growth in the April-June quarter, came on the back of good performance by manufacturing and farm sectors, according to government data released on Friday.