Business

Forty four out of 50 Nifty stocks advanced in trade.

Domestic stock markets posted strong advances in Wednesday's session led by gains across the board except IT. Continued buying by domestic institutional investors as well as select purchases by retail investors led to strong gains on Wednesday, news agency

Details
Category: Business

Write comment (94 Comments)

The bank had initially planned for growth of Rs 15,000 crore through portfolio purchases.

State Bank of India said on Tuesday it is stepping up its target to buy "good quality" asset portfolios from non-banking financial companies (NBFC).

The NBFC sector has been in the spotlight after IL-FS, a major infrastructure financing and construction

Details
Category: Business

Write comment (94 Comments)

INR VS USD: Rupee finished at fresh lifetime low of 74.06 against the dollar on Monday.

MUMBAI: The rupee made a cautious recovery of 18 paise to 73.88 against the US dollar Tuesday on fresh selling of the American currency by banks and exporters.

Besides, the dollar's overseas weakness, easing global crude oil price and higher opening in the

Details
Category: Business

Write comment (98 Comments)

The battered rupee is expected to stay that way for a while, trading near recent record lows over the coming year even as the Reserve Bank of India (RBI) is forecast to raise rates in December and once more in 2019, Reuters polling found. The rupee has hit repeated record lows against the dollar this year in its worst run since the financial

Details
Category: Business

Write comment (95 Comments)

The rupee had on Monday closed below the 74 mark against the US dollar for the first time

The rupee shed 33 paise to close at a life-time low of 74.39 against the dollar on Tuesday. A surge in crude oil prices and strength in the dollar overseas pulled the rupee lower amid weakness in emerging market

Details
Category: Business

Write comment (98 Comments)

Thirty out of 50 Nifty stocks declined in trade.

After a higher opening in early trade on Tuesday, the stock markets turned negative led by losses in FMCG, auto, banks and realty stocks. At 11:04 am, the S-P BSE Sensex traded at 34,397, down 77.38 points or 0.22 per cent, and the Nifty50 index of the National Stock Exchange (NSE) at 10,318.20,

Details
Category: Business

Write comment (90 Comments)

INR Vs USD: The benchmark 10-year bond yield was trading at 8.06 per cent.

MUMBAI: The rupee gained on Wednesday, recovering from a record low hit at the end of the previous session, as gains in other Asian peers and stronger domestic shares helped sentiment, while the announcement of the first open market bond purchase for October aided bonds.

The

Details
Category: Business

Write comment (99 Comments)

Moody's upgraded country's credit rating to Baa2 from Baa3 last November.

Mumbai: 

The government is likely to overshoot its fiscal deficit target for 2018/19 by a small margin following its decision to cut fuel excise duties, Moody's Investors Service said on Tuesday, describing the move as "credit negative".

The government announced cuts in excise

Details
Category: Business

Write comment (94 Comments)

However, IMF cuts India's growth projection for 2018 and 2019.

UNITED NATIONS: The International Monetary Fund (IMF) on Tuesday acknowledged the economic reforms carried out under Prime Minister Narendra Modi and projected India to be the world's fastest growing major economy this year and next. The World Economic Outlook (WEO) released ahead of

Details
Category: Business

Write comment (98 Comments)

Sensex, Nifty on Wednesday: Barring IT shares, all sectoral indices traded in the green.

After a positive opening, the equity benchmarks extended their gains in early trade on Wednesday. At 1040 am, the S-P BSE Sensex traded at 34,671.03, up 371.56 points or 0.70 per cent, and the Nifty50 benchmark of the National Stock Exchange was at

Details
Category: Business

Write comment (93 Comments)

Amrapali Group has failed to hand over possession of flats to around 42,000 homebuyers.

Three directors of real estate company Amrapali were sent to three-day police custody on Tuesday by the Supreme Court for not submitting documents for audit. The officers have been directed to hand over documents of the 46 companies of the group to forensic

Details
Category: Business

Write comment (90 Comments)

Bengaluru/Mumbai: 

Amazon India has denied accusations that it favours select merchants and brands, responding to a complaint lodged by a lobby group.

The All India Online Vendors Association (AIOVA) on Friday filed a petition with the Competition Commission of India (CCI) alleging that the online retailer favours merchants that it partly owns, such

Details
Category: Business

Write comment (97 Comments)

The government said the move by SBI should alleviate liquidity concerns in the NBFC sector

New Delhi: 

Coming to the rescue of cash-strapped non-banking financial companies (NBFCs), State Bank of India on Tuesday decided to buy their assets to the tune of Rs 45,000 crore, a move that will provide liquidity support to the companies in the sector

Details
Category: Business

Write comment (90 Comments)

Sensex, Nifty today: Fourteen out of 30 Sensex stocks finished the session in the red.

Stock markets closed on a lower note on Tuesday, amid heavy selling in auto, consumer durables and FMCG sectors. The S-P BSE Sensex declined 174.91 points or 0.51 per cent to end at 34,299.47. The Nifty50 index of the

Details
Category: Business

Write comment (98 Comments)

Sovereign gold bond (SGB): The gold bond scheme has a maturity period of eight years

The government would issue gold bonds every month from October 2019 to February 2019, it said on Monday. The issuance of gold bonds will be under the SGB or Sovereign Gold Bonds scheme 2018-19, the Ministry of Finance said in a statement. SGBs are government

Details
Category: Business

Write comment (97 Comments)

The rupee has declined more than 14% against the dollar this year, Asia's worst performer

Prime Minister Narendra Modi's government is considering tapping Indians living overseas to lure foreign exchange flows and prop up a sagging rupee, according to people with knowledge of the matter.

Officials from the finance ministry and the central bank are

Details
Category: Business

Write comment (95 Comments)

Regular savings zero balance account of IPPB allows for unlimited cash deposits and withdrawals.

October 9 is celebrated as the World Post Day. The day also marks the beginning of the National Postal Week, which will be celebrated until October 15. India Post, which runs postal services in the country, wished its followers on the occasion. The

Details
Category: Business

Write comment (95 Comments)

Gati shares fell as much as 12.9% in the session before closing just off its lows

Shares in Gati Ltd closed down 10 per cent on Monday after ratings agency CARE downgraded the credit rating for the logistics company, citing a drop in profitability and decline in revenue from operations.

CARE cut its rating on Gati's long-term bank facilities to

Details
Category: Business

Write comment (94 Comments)

Additional offers will also be available for cards and wallet users, said Snapdeal.

E-commerce marketplace Snapdeal has announced a five-day 'Mega Diwali Sale', starting from October 10. Under this limited-period offer, Snapdeal will be providing choices for traditional Diwali purchases and special discount on electronic appliances, said the

Details
Category: Business

Write comment (94 Comments)

Amazon's 'Great Indian Festival sale' will be available till October 15.

Amazon India on Tuesday announced up to 90 per cent discount on select categories of products in a six-day sale. Amazon India, the Indian arm of US-based e-commerce major Amazon, said the sale - called Great Indian Festival - will be available to regular customers from 12 am

Details
Category: Business

Write comment (92 Comments)

National Housing Bank had initially set a limit of Rs 24,000 crore (Representational image)

National Housing Bank will raise its refinance limit to Rs 30,000 crore ($4.05 billion) for the year to June, 2019 in an effort to make funds available to housing finance companies, the finance ministry said on Monday.

The financial institution, which

Details
Category: Business

Write comment (93 Comments)

New Delhi: 

With an aim to deepen the commodity derivatives market, regulator Sebi or Securities and Exchange Board of India on Tuesday allowed trading in the segment by foreign entities with exposure to the country's physical commodity market. Currently, foreign entities are not permitted to directly participate in the commodity derivatives

Details
Category: Business

Write comment (97 Comments)

INR Vs USD: The rupee breached its previous all-time low of 74.23 Tuesday's session.

The rupee reversed all of its gains against the US dollar to hit a lifetime low of 74.27 in afternoon trade on Tuesday. A surge in crude oil prices and strength in the American currency overseas pulled the rupee lower. The

Details
Category: Business

Write comment (99 Comments)

The taxman announced a new due date of October 31 filing of ITR and audit reports

The government on Monday extended the due date for filing of income tax return (ITR) and audit report. The Central Board of Direct Taxes, the apex policymaking body of the Income Tax Department, said the due date for filing of income tax returns and audit reports for

Details
Category: Business

Write comment (98 Comments)

Flipkart The Big billion Days sale will start from Wednesday and run til October 14.

Ahead of Diwali, if you want to buy new appliances, phones, and watches, among other things, you can choose from a wide array of online shopping platforms. E-commerce giants are back with their festive season sales this year. As the competition heats up, archrivals

Details
Category: Business

Write comment (96 Comments)

The bonus is likely to work out to be around Rs 18,000 per employee.

Ahead of the festive season, railway employees are likely to get 78-day wages as bonus this year, the same as in the last six years. The Railway Board has proposed 78-day wages as productivity-linked bonus (PLB) for its employees for 2017-18 after detailed discussions with rail

Details
Category: Business

Write comment (100 Comments)

SBI, ICICI Bank and HDFC Bank pay an interest rate of 3.5-4% on savings deposits.

Small finance banks offer higher interest rates than their larger peers. Small finance banks such as ESAF Small Finance Bank, Equitas Small finance Bank and Suryoday Bank offer higher interest rates on savings, fixed deposit (FD), and recurring deposit (RD) accounts,

Details
Category: Business

Write comment (98 Comments)

Gold, silver prices today: The precious metal had fallen by Rs 30 on Monday.

Gold prices slipped by Rs 220 to Rs 31,650 per 10 gram amid weakening global trend and easing demand from local jewellers at the bullion market on Tuesday, reported news agency Press Trust of India (PTI). Silver, too, remained weak and declined by Rs 50 per kg to Rs 39,250

Details
Category: Business

Write comment (95 Comments)

INR Vs USD: The rupee is this year's worst-performing Asian currency.

Backed by fresh selling of the American currency by banks and exporters, the rupee strengthened by 18 paise to 73.88 in early trade on Tuesday, reported news agency Press Trust of India (PTI). Easing global crude prices and a positive

Details
Category: Business

Write comment (96 Comments)

The booking period of GoAir's offer ends on October 9, 2018.

GoAir is offering flight tickets at a starting all-inclusive price of Rs 999 in a special promotional offer. The booking period of GoAir's offer ends on October 9, 2018. The travel period of the offer starts on October 10, 2018 and ends on October 31, 2018, the airline noted on its

Details
Category: Business

Write comment (91 Comments)