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Investors were jittery ahead of the expiry of derivatives contracts

Domestic stocks markets declined 1 per cent amid a global selloff on Thursday, amid concerns about a slowdown in the world economy. BSE benchmark index Sensex plunged 343 points to close at 33,690 while the NSE Nifty declined 99 points to

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IDFC Bank posted its first quarterly loss since its stock market debut in November 2015

IDFC Bank Ltd on Wednesday posted its first quarterly loss since its stock market debut in November 2015, as the bank set aside funds to comply with regulatory norms.

The bank's net loss was Rs 370 crore ($50.59 million) for the quarter ended September 30,

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The precious metal had traded at Rs 32,450 per 10 gram on May 15.

Gold prices spurted by Rs 150 to trade at this year's high of Rs 32,500 per 10 grams at the bullion market on Wednesday on persistent buying by local jewellers amid a firm trend overseas, reported news agency Press Trust of India. Silver, however, shed Rs 20 to Rs 39,730 per kg owing

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Gold, silver prices today: Globally, gold was trading at $1,234.20 an ounce in Singapore on Thursday.

Gold prices surged by Rs 125 to trade at over six-year high of Rs 32,625 per 10 gram on Thursday, reported news agency Press Trust of India (PTI). Pick-up in festive and wedding season demand by local jewellers amid firm global trends and weakening

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Jet Airways will also commence its third daily frequency on the Delhi - Singapore sector

Jet Airways will commence daily direct flight services from Pune to Singapore starting December 1, 2018, said the country's second largest airline by market share, in a press release on Wednesday. To celebrate the launch of the new flight, the airline has

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Kotak Mahindra Bank posted a 14.8 per cent rise in second-quarter net profit on Wednesday, boosted by higher interest and fee income, but missed analysts' expectations.

Net profit rose to Rs 1,142 crore ($155.84 million) for the quarter ended September 30, missing analysts' average estimate of Rs 1,165 crore, according to data from Refinitiv.

Asset

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Asset quality of Yes Bank deteriorated.

Yes Bank Ltd missed second-quarter profit estimates by a wide berth on Thursday as provisions for bad loans and mark-to-market losses more than doubled, exacerbating woes at the bank in search of a new CEO.

Net profit came in at 965 crore rupees in the quarter ended Sept. 30, compared with 1,003 crore rupees a

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The rupee had closed nearly unchanged at 73.57 against the dollar on Tuesday

Mumbai:  The rupee gained by 41 paise to end at 73.16 against the dollar on Wednesday, the highest closing level since October 1. Selling of the dollar by banks and exporters amid easing of crude oil prices along with a bounce-back in the domestic equity

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Brent crude, the global benchmark, was down $1.28 to $75.16 a barrel in the intraday trade.

Oil-marketing companies slashed the prices of petrol across the four metro cities for the seventh straight day on Wednesday. However, diesel prices were unchanged. Petrol is priced at Rs. 81.25 per litre in New Delhi, Rs. 83.10 per litre in Kolkata, Rs.

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Total revenue from operations rose 6.3 per cent to 67.80 billion rupees.

State-run power plant equipment manufacturer Bharat Heavy Electricals Ltd posted on Thursday a 60 per cent surge in second-quarter profit, but missed analysts' estimates.

Net profit came in at 1.85 billion rupees (185 crore rupees) in the quarter ended Sept. 30, compared with

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Bajaj Auto's total revenue from operations rose 21.6 per cent in the quarter.

Bajaj Auto Ltd posted a 3.65 per cent rise in September-quarter profit on Wednesday, beating analyst estimates, helped by higher sales volume. Profit came in at Rs 1,152 crore ($157.32 million) in the second quarter ended September 30, compared with Rs 1,112 crore a year

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Bank credit growth in the last two years averaged at a mere seven per cent.

Kolkata: 

Besides the financial sector, the real estate business may also face the heat due to the ongoing crisis in NBFC sector, triggered by IL-FS default. "As on March 2018, NBFC's exposure towards real estate is 7.5 per cent accounting for Rs 1.65 lakh crore," real

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Maruti Suzuki India on Thursday reported a net profit of Rs 2,240.4 crore in the July-September quarter. That marked a fall of 9.8 per cent from Rs 2,484.3 crore in the corresponding period a year ago.

Twenty one analysts on average had expected the company, which is majority-owned by Japan's Suzuki Motor Corp, to post a profit of Rs 2,028 crore,

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The rupee on Wednesday rose, reflecting gains in other emerging-market Asian currencies

The Reserve Bank of India appears to have moved away from its hands-off exchange rate strategy as the rupee plumbed fresh lows earlier this month.

The country's foreign-exchange reserves plunged $5.14 billion in the week ended Oct. 12, the biggest drop in seven

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Zydus Wellness and Cadila Healthcare on Wednesday announced acquisition of Heinz India for Rs 4,595 crore. The deal, Zydus Wellness and Cadila Healthcare said in a joint statement, will include acquisition of brands Complan, Glucon D, Nycil and Sampriti. Consumer healthcare Zydus Wellness said it has entered into a definitive agreement to acquire

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The agency said it has issued a provisional order under the PMLA for attachment of these assets.

The Enforcement Directorate (ED) on Thursday said it has attached valuables and jewellery worth Rs 255 crore in Hong Kong of diamond jeweller Nirav Modi in connection with the $2 billion alleged fraud in PNB. 

The agency said it has issued a provisional

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The government is devising a plan to boost shipments of around 200 products to China and narrow the deficit with India's biggest trading partner, a person with knowledge of the matter said.

The plan includes seeking duty waiver on a raft of products under the Asia Pacific Trade Agreement, the person said, asking not to be identified as the talks

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Analysts say if crude prices hold current levels, that could support the rupee going forward

The rupee moved 42 paise higher against the dollar to hit 73.15 in early trade on Wednesday. Gains in the rupee came a day after crude oil prices registered their biggest single-session fall in three months. Selling of the greenback by exporters amid sharp

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InterGlobe Aviation had a debt of 26.41 billion rupees, as on September 30.

Shares of InterGlobe Aviation Ltd, owner of largest domestic carrier by market share - IndiGo, fell as much as 3.7 percent on Thursday, a day after the company posted first-ever quarterly loss since its market debut in 2015.

Higher crude oil prices and a depreciating rupee

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Wipro said the enterprise business in India will remain in the IT services segment

IT major Wipro on Wednesday reported a net profit of Rs 1,889 crore for the July-September period. That marked a nearly 11 per cent decrease from the net profit of Rs 2,121 crore registered in the previous quarter, and a nearly 14 per cent fall from the net profit o

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Stock markets started Wednesday's session on a strong note, with the Sensex opening 356 points higher at 34,203. NSE benchmark index Nifty opened 131 points higher at 10,278. Gains in banking, financial services and auto stocks pushed the domestic markets higher, despite weakness in Asian peers. Top advancers on the 50-scrip Nifty index were Bajaj

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Share markets on Thursday:Twenty nine out of 30 Sensex stocks were trading in the red.

The domestic stock markets opened Thursday's session on a lower note ahead of derivatives expiry amid a global sell-off. The Bombay Stock Exchange (BSE) benchmark index Sensex plunged over 450 points to dip below the

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IndiGo expects a 35 per cent rise in third-quarter available seat kilometres.

IndiGo owner InterGlobe Aviation Ltd posted on Wednesday its first quarterly loss since its stock market debut in November 2015 as higher crude prices and a weaker rupee pushed its costs higher. Airline profits in the world's fastest-growing aviation market have been

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New Delhi: 

Six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, have agreed to invest $1.25 billion through a primary equity issuance in Airtel Africa, the company said Wednesday.

The investment will be used to reduce Airtel Africa's existing debt of approximately $5 billion and for growth of its

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INR vs USD: On Wednesday, the rupee strengthened by 41 paise against dollar.

The rupee slipped by 19 paise to 73.35 against the US dollar in early trade on Thursday amid unabated foreign fund outflows, reported news agency Press Trust of India (PTI). Increased demand for the US currency from importers and a lower opening of domestic equity market

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The markets had shed more than 4% in past four consecutive sessions.

Stock markets closed higher on Wednesday, after four consecutive days of fall, as the rupee touched a three-week high amid falling crude oil prices. The Sensex rose 186 points to regain the 34,000 mark, which it had lost for the first time

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Mumbai: 

At a time when most money managers are steering clear of India's crisis-hit shadow banking firms, veteran emerging markets fund manager Mark Mobius is exploring aggressive contrarian bets on the sector.

Mr Mobius' bet comes at a time when investors have been selling holdings in non-banking finance companies (NBFCs) after a series of

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The enterprise will provide strategic insights and advice to businesses and incubate new ventures.

Mumbai: 

Business magnate Cyrus P. Mistry on Wednesday announced the launch of a new global enterprise, Mistry Ventures LLP, to provide strategic insights and advice to businesses, incubate new ventures and provide seed, early stage and growth capital

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New Delhi: 

Market regulator Sebi or Securities and Exchange Board of India on Wednesday approved the launch of an Oman oil futures contract on the Bombay Stock Exchange (BSE), the bourse said in a statement.

The BSE Oman Crude Oil Futures Contract will be settled against the Dubai Mercantile Exchange (DME) Oman Crude Oil futures prices on the

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This asset-liability mismatch is due to the lack of debate on public policy in India," the CAG said.

New Delhi: The major reason for the crisis being faced by banks is the absence of a developed bond market in the country, the official auditor said on Tuesday. Speaking at the launch of the Indian School of Public Policy here, Comptroller and

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