Business

At the Interbank Foreign Exchange market, Rupee opened lower at 70.95 a dollar and slipped further to hit its lifetime low of 71 from its previous close of 70.74.

Arun Jaitley said that other economies in the world are growing at a much lesser rate, adding that India has the potential to be among top three economies of the world in the next 10-20 years.

NALCO was the third highest Net Foreign Exchange Earning central public sector enterprise in the country. It has also declared a record dividend payout of Rs 1,102 crore, an increase from 56 per cent in 2016-17 to 114 per cent in 2017-18.

The 50-issue Nifty also advanced 46.55 points or 0.40 per cent to close at a record high of 11,738.50. It also hit a record intra-day high of 11,760.20, surpassing its previous record of 11,700.95.

India has identified more than 40 products, including fresh grapes, cotton linters, flue-cured tobacco and alloy steel seamless boiler, where it’s in a position of advantage to replace or capture U.S. trade market share with China.

The merger of six associate banks and Bhartiya Mahila Bank (BMB) with State Bank of India (SBI) came to effect from April 1, 2017 resulting into increase in size and valuation of the bank.

Castigating the Centre, it said that contract labour has now become the default model of employment in India and claimed the Union Labour Ministry notification on April 6 on fixed term employment will "legalise hire and fire, while permanent jobs would va...

The fresh bout of trouble has forced IndiGo to ground aircraft periodically since July, and on August 20, the number of grounded aircraft touched nine, sources claimed.

On Monday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the US currency amid fears that Turkish currency turmoil could turn out into global financial crisis.

Puri has been on the boards of Infosys, Max New York Life and Max Bupa Health Insurance and Bennett Coleman & Co among others.

According to Tata, Net profit was 19.34 billion rupees ($276 million), compared to a profit of 9.21 billion rupees a year earlier.

Oil and Natural Gas Corp (ONGC) had in January this year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore. Post that, HPCL had become a subsidiary of ONGC.

Ikea, famous for its self-assembly products, faces a tough challenge in India where people are not used to having to put together assemble furniture themselves, analysts say.

The warning, that also acts as an advisory, comes at a time when the income tax returns filing season is on and the Central Board of Direct Taxes (CBDT) has sometime back extended the deadline to do till August 31.

The company which is looking to set up 25 stores in India by 2025 will also enter e-commerce segment by next year, besides exploring small format stores as part of expansion plans in the country.

The broader NSE Nifty closed at a fresh record high of 11,389.45, showing marginal gain of 2.35 points or 0.02 per cent.