Business

New Delhi: 

Sun Pharmaceutical Industries on Friday asked markets regulator Sebi (Securities and Exchange Board of India) to look into issues of certain entities and individuals allegedly adopting unfair trade practices prejudicial to company's shareholders. Against backdrop of reports that a second whistleblower complaint has been filed against it

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The losses on Dalal Street were led by buying in pharma stocks.

Domestic stock markets started Friday's session on a positive note but soon turned negative tracking heavy selling on pharma and banking banking counters amid weakening rupee. The S-P BSE Sensex declined as much as 84.38 points to touch 36,289.70, while Nifty50 barometer of

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The apex bank has been pursuing a national strategy on financial inclusion, said official.

Kolkata: 

With country's GDP increasing in quantitative terms, there could be need for more currency in economy, a Reserve Bank of India official said on Thursday. Following demonetisation in November 2016, when government junked high value currency notes of

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Billionaire Mukesh Ambani's Reliance Industries operates world's largest oil refining complex

Gandhinagar: 

The country's richest person, Mukesh Ambani, on Friday committed to invest Rs 3 lakh crore in various projects in next 10 years in Gujarat, that may range from energy and petrochemical to new technology and digital business. Mr Ambani's Relianc

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Sovereign gold too rose by Rs 100 to Rs 25,500 per piece of eight grams.

Gold prices on Thursday rose by Rs 110 per grams to advance gaining streak for fourth straight day at bullion market, reported news agency Press Trust of India (PTI). The climb in prices came on increased demand from local jewellers, said PTI quoting All India Sarafa

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The Budget contains estimates of government's accounts for next fiscal year called Budgeted Estimates.

Union Budget is most comprehensive report of government's finances in which revenues from all sources and outlays for all activities are consolidated. The Budget also contains estimates of government's accounts for next fiscal year called Budgeted

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Sixteen out of 50 Nifty stocks closed in positive zone.

Domestic stock markets ended a choppy session on Friday nearly unchanged. The S-P BSE Sensex ended 12.53 points higher, or 0.03 per cent, at 36,386.61 while, NSE's benchmark index Nifty finished at 10,906.95, up 1.75 points or 0.02 per cent from

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Meng's bail terms include an 11 p.m. to 6 a.m. curfew and 24-hour surveillance.

Meng Wanzhou steps out of her $4.2 million mansion, a GPS monitor strapped to her ankle, and slips into a chauffeured black SUV. Then she's off, largely free to roam shops and restaurants within 100 square miles of Vancouver until her 11 p.m. curfew.

So goes another day

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Byju's acquires Osmo: Osmo CEO Pramod Sharma will remain with company.

Byju's, one of world's most valuable education start-ups, bought Osmo for $120 million as it looks to US as part of a global expansion.

Osmo, a developer of learning games, will continue as a standalone brand once deal is completed, according to a statement Wednesday.

Founded in

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Analysts expect Reliance Industries' consumer business growth to support earnings momentum

Mumbai: 

Reliance Industries shares rose on Friday, a day after conglomerate reported record quarterly numbers that showed strategy to diversify beyond refining and petrochemicals was beginning to yield results.

The company's gross refining margins - a measure

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The country's economy is projected to grow 7.2 per cent in financial year to March.

Top business groups on Thursday urged Reserve Bank of India (RBI) to cut its benchmark interest rate by at least half a percentage point and lower cash reserve ratio it imposes on banks to stimulate an economy that is showing signs of weakness. RBI Governor

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Shares of airline were trading 3.54 per cent lower at Rs 261.40 apiece on BSE.

Jet Airways Chairman Naresh Goyal has told State Bank of India (SBI) that he is ready to invest up to Rs 700 crore in airline on condition that his stake does not fall below 25 per cent. Mr Goyal's offer comes against backdrop of strategic partner Etihad reportedly

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Wipro on Friday reported a net profit of Rs 2,510 crore for October-December period, beating analysts' estimates. That marked an increase of nearly 33 per cent from net profit of Rs 1,889 crore registered in previous quarter, and nearly 30 per cent from that of Rs 1,931 in quarter ended December 31, 2017, according to a regulatory filing by Wipro.

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Reliance Industries record net profit was supported by growth in its petrochemicals and refining units

Reliance Industries on Thursday reported a record net profit of Rs 10,251 crore for October-December period. That marked an increase of 8.8 per cent from a net profit of Rs 9,420 crore in corresponding period a year ago, according to a regulatory

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Google India operates as a non-exclusive re-seller of Google LLC's AdWords program in India

Anand, Gujarat: 

Gujarat Cooperative Milk Marketing Federation Limited (GCMMF), which owns dairy brand Amul, has sent a legal notice to Google India on fraudulent practices it claims to have found being carried out by individuals and organisations using

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Cumulative flows for India and Malaysian bonds in full-year 2018 were negative, data showed.

Foreign purchases of bonds issued in five Asian markets in 2018 fell sharply from previous year, data shows, as Sino-US trade war and higher US yields prompted many investors to shy away from riskier assets.

Data from central banks and bond market

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After four days of depreciation, rupee advanced 0.3 per cent against dollar to end at 71.03 on Thursday. That marked a gain of 21 paise for rupee against greenback from previous close of 70.24, a day after central bank announced new rules for overseas borrowings. Weakness in United States currency overseas

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Federal Bank logged a net profit of Rs 334 crore in three months to December 31

Private-sector lender Federal Bank posted a 28.3 per cent jump in third-quarter profit on Thursday, as a healthy increase in interest income helped offset impact of higher provisions.

Net profit was Rs 334 crore ($46.82 million) in three months to December 31, compared

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The government signaled it's ready to sacrifice fiscal discipline to stoke economic growth, as it prepares to unveil its last spending plan next month before a general election.

"It entirely depends on what existing situations are," Finance Minister Arun Jaitley said in an interview to CNBC-TV18 news channel Thursday. "Therefore without getting

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Vistara discount offer: The sale is applicable on one-way economy, premium and business class bookings.

Private carrier Vistara has come up with a sale offer on domestic flight tickets. Under scheme - bookings for which are open only on January 17, 2019 - Vistara is offering flight tickets from an all-inclusive Rs 899, said airline on microblogging

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The potential liabilities PG-E faces from fires in 2017 and 2018 are estimated at more than $30 billion.

First, more than a decade ago, severe weather bankrupted an electric company in New Orleans. Then it helped take down one in Houston. Now, in California, it has pushed PG-E Corp. to brink, in biggest warning yet about financial risks of

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Cricket crazy India has a dilemma on its hands; whether to vote for Prithvi Shaw or to vote for India's newly-crowned stars of shooting, Anish Bhanwala and Saurabh Chaudhary, in sports category in YONO SBI 20 under 20 award.

All three have impeccable credentials. Saurabh Chaudhary, 16, is a humble sugarcane farmer's son from Meerut, who won Asian

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Eleven trains, including Purushottam Express, Poorva Express and Brahmputra Mail were running late by an average of 2-3 hours, reported news agency Press Trust of India (PTI) citing Indian Railways officials. The fog dropped visibility in various parts of national capital. The visibility was 400 metres at Safdarjung at 8.30 am and 250 metres at

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Etihad also wants Jet's founder and Chairman Naresh Goyal to step down from board.

State Bank of India (SBI) said on Thursday lenders of Jet Airways Ltd were considering a plan to resolve debt issues of carrier, amid increasing prospects of a bailout by major shareholder Etihad Airways.

Jet said on Wednesday a resolution plan, currently being

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Pratt - Whitney said in a brief statement that DGCA's directive mandates some specific actions.

Air safety watchdog on Thursday directed airlines to make extra checks on their Airbus A320neo aircraft fitted with Pratt - Whitney engines as part of new safety protocols after temporary grounding orders affected planes last year.

IndiGo,

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Share in FMCG major closed 1.27 per cent lower at Rs 1,750 apiece on NSE.

Consumer goods maker Hindustan Unilever posted an 8.9 per cent rise in quarterly profit on Thursday, in line with street estimates, driven by higher revenue from its beauty and personal care segment. Profit was Rs 1,444 crore ($203.05 million) in three months ended December

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The rupee on Wednesday plunged by 19 paise to close at 71.24 against US dollar.

Mumbai: 

The rupee appreciated by 9 paise to 71.15 against US dollar in opening trade on Thursday, driven by positive opening in domestic equities and weakening greenback in overseas markets. The rupee gained further ground and touched a high of 71.13 amid easing crude

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On Thursday, rupee had settled 21 paise higher at 71.03 against US dollar.

The rupee Friday depreciated 21 paise to 71.24 in early trade in forex market amid strengthening American currency and rising crude prices. Forex traders said strengthening of US dollar against some currencies overseas weighed on local unit.    

At Interbank Foreign Exchange,

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The markets gave up day's gains in afternoon before returning to positive zone

Domestic stock markets finished a volatile session on Thursday with mild gains, as advances in financial services and IT stocks were offset by pharmaceuticals and state-run banks.The Sensex ended 52 points higher at 36,374 while

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The gains on Dalal Street were led by buying in financial services, pharma, realty and bankingstocks.

Domestic stock markets started Thursday's session on a positive note. The S-P BSE Sensex rose as much as 147.13 points to touch 36,468.42, while Nifty50 barometer of National Stock Exchange surged by 38.95 points to 10,929.25. The gains on

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