Business

The S&P BSE sensex extended its gains for the third straight day, suring by another 107 points to finish at 2-month high at 27,247.16 on persistent buying by domestic funds on the back of overnight gains in US market despite selling of by foreign funds.

Gold prices rose by Rs 14 to Rs 28,075 per 10 grams in futures trading on as speculators enlarged their positions amid a firming trend overseas.

State Bank of India (SBI) is leaving no stones unturned to kick-start the credit offtake, and last week's steep 0.90 bps lending rate cut has resulted in a huge number of enquiries, especially for home loans, a top bank official said on Saturday.

Leading stock exchange BSE will introduce new interest rate futures (IRF) contracts from January 10 on government bonds maturing in 2029.

Forex dealers said besides selling of the American currency by exporters and banks, the falling fortunes of the dollar against others overseas gave the rupee an upperhand.

The tax claims of Indian exporters will be refunded by the Department of Revenue (DoR) within seven days under the proposed Goods and Services Tax (GST) regime, Commerce Minister Nirmala Sitharaman said on Thursday.

The rupee on Thursday continued its winning run for the second day, appreciating by 9 paise to end at 67.96 on sustained dollar unwinding from banks and exporters.

India is resisting Apple Inc's demand for tax incentives to make iPhones in the country, with the trade minister saying on Thursday that New Delhi may not make exceptions for the US tech giant.

Arvind Panagariya is one of the high profile economists recruited by Prime Minister Narendra Modi’s government to provide policy inputs. He is a former chief economist of the Asian Development Bank and professor of economics at Columbia University.

The global diamond industry is facing disruption that could stretch through the first few months of next year, including Valentine's Day in February, as a result of Prime Minister Narendra Modi's move to abolish most of the nation's cash overnight.

A report in GeekWire on Monday quoted Michael Markowski, who writes for Equities, as saying that Microsoft will reach that threshold before other big companies like Amazon, Google, Facebook and Apple.

Airline major Jet Airways on Monday said that it will introduce its wide-body Airbus A330 aircraft on certain additional domestic and international routes.

The Securities and Exchange Board of India (Sebi) has given this view on an application filed by MarketMagnify Investment Adviser seeking informal guidance in the matter.

he rupee on Tuesday fell by 16 paise to end at 68.03/04 against the US dollar compared to previous close of 67.87/88 per dollar.

The investment in these two assets constitute almost 92% of the investments in physical assets (gold, real estate, silver, diamonds etc).

India's surprise move to abolish high-value rupee notes has undermined the central bank's reputation for competence and independence, even as it remains a credible institution, Standard & Poor's director Kyran Curry said on Wednesday.