Manufacturing Activity Ease In February; Firms Upbeat On Demand: Survey

The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January.

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HDFC Securities Briefly Halts Equity Trading On NSE Due To Technical Glitch

Both NSE and BSE later issued statements saying their systems were working normally after some investors complained about the issue on social media.

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LPG Rates Hiked: Here's How Much You Pay For A Cylinder Now

LPG Gas Cylinder Price: Non-subsidised LPG rates were hiked by Rs 25 in the national capital and the changes were implemented with effect from March 1, 2021

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Hindustan Copper Nearly Doubles In Six Sessions, Here Is Why

Hindustan Copper on February 2 reported that its net profit in December quarter came in at Rs 108.20 crore compared with a loss of Rs 96 crore

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Sensex Up Over 600 Points, Nifty Above 14,650 Led By Auto, Banking Shares

HDFC Bank, Infosys, Reliance Industries, ICICI Bank, HDFC and Tata Consultancy Services were among the top movers in the Sensex.

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Petrol, Diesel Prices Unchanged For Second Day In A Row

Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package

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Sensex, Nifty Set To Stage Gap Up Opening; Reliance Industries In Focus

Foreign institutional investors sold shares worth Rs 8,295.17 crore while domestic institutional investors bought shares worth Rs 1,500 crore.

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13 Lakh MSME Units In Uttar Pradesh Given Loans Worth Rs 42,7000 Crore

This is also for the first time in the history of the state that such a large amount of loan has been given to the MSME sector in a year.

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Sovereign Gold Bonds To Open For Subscription Tomorrow

Gold Bond Scheme: The 12th tranche of the sovereign gold bond scheme, will open for subscription on Monday, March 1, and will be available for investing till Friday, March 5, 2021

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Petrol, Diesel Prices Remain Steady On Sunday A Day After Hike

Petrol, Diesel Prices Today: On Saturday, February 27, prices of petrol and diesel were increased across the four metros in the country after a pause three days

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Chief Economic Advisor Backs Proposal To Bring Petrol Under GST

Chief Economic Advisor K V Subramanian, however, said the decision will have to be taken by the GST council.

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RIL Partners With Google, Facebook For Digital Payment Network: Report

Digital payments in India could rise to $135.2 billion in 2023, according to an Assocham-PWC India study in 2019.

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SBI Offers 5.4% Interest On FD Of 5 Years And Above. Check Latest Rates Here

BI FD Interest Rates: SBI's fixed deposits start from tenor of 7 days and go up to 10 years and any individual can open fixed deposit account with State Bank of India for minimum deposit of Rs 1,000.

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National Stock Exchange Defends Response To Exchange's Shutdown

Brokers had criticised the NSE over the lack of information after the four-hour shutdown on Wednesday.

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Petrol, Diesel Prices Raised After A Pause Of Three Days On Saturday

Prices of petrol and diesel were increased across the four metros in the country after a pause three days on Saturday.

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Agriculture, Industrial Sectors Accelerate As India Posts 0.4% Quarterly Growth

The agriculture and industrial sectors witnessed growth in the October-December quarter of the current fiscal, while the contact intensive services sectors registered de-growth

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Experts See K-Shaped Recovery As GDP Grows By 0.4% In December Quarter

The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter

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SBI Readies Mutual Fund Venture For IPO

SBI plans to ask investment banks for proposals after discussions with its board and shareholder Paris-based Amundi Asset Management

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Infrastructure Output Of Core Sectors Up 0.1% In January 2021

Infrastructure Output in January 2021: Coal, crude oil, natural gas, refinery products, as well as cement registered negative growth during the month, according to the Ministry of Commerce

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Need To Fuel Credit Flow To Businesses As Economy Thrives: PM Modi

Although the government's endeavour is to promote the private sector, public sector presence in banking and insurance is also required

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India Exits Recession With 0.4% Quarterly Growth

The GDP had contracted by a massive 23.9 per cent in the June quarter amid the pandemic-led nationwide lockdown and by 7.5 per cent during the September quarter

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India's GDP Grows At 0.4% After Two Quarterly Declines

India's quarterly GDP had contracted by a massive 23.9% in the June quarter amid the pandemic-led nationwide lockdown and by 7.5% during the September quarter

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April-January Fiscal Deficit Hits 66.8% Of Full-Year Target

Fiscal Deficit Target: Net tax receipts were Rs 11.02 lakh crore, while total expenditure was Rs 25.17 lakh crore, the data showed.

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Rupee Dives 104 Paise To Close At 73.47 Against Dollar Amid Market Crash

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.43 against the dollar, then lost further ground to register an intra-day low of 73.51

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Here's Why Economic Recovery Entered Consolidation Phase Last Month

six indicators witnessed an improved YoY performance in January 2021

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Sensex Crashes 1,939 Points, Posts Worst Day In 11 Months

The Sensex dropped as much as 2,149 points or 4.2 per cent and Nifty 50 index crashed 4.2 per cent to fall below its important psychological level of 14,500 mark.

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PM Modi Tells Banks To Unveil Innovative Products For Startups, Fintech

Speaking at a webinar on Budget announcements on Financial Services, PM Modi said to help medium and small businesses during COVID-19. 90 lakh MSMEs were given credit worth Rs 2.4 trillion.

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Inflation Target Band Appropriate For Next Five Years: RBI Report

During the period under review, headline CPI inflation averaged 3.9 per cent in India with a decline in inflation volatility, testimony to the success of FIT in terms of its primary mandate

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Gold Price Today: Yellow Metal Trades Below Rs 46,250, Silver Rates Drop

Gold, Silver Price Today: Domestic spot gold opened at ₹ 46,151 per 10 grams on Friday, and silver at ₹ 68,395 per kilogram - both rates excluding GST

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Economy Potentially Resumed Growing Last Quarter: Report

GDP Data: India had slipped into a technical recession during July-September when gross domestic product fell for two successive quarters

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Sensex Drops Over 1,800 Points, Nifty Below 14,600; India VIX Spikes 28%

Selling pressure was visible across the board as all the 11 sector gauges compiled by the National Stock Exchange were trading lower

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Rupee Slides 67 Paise To 73.10 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.43 against the US dollar, then lost further ground and touched 73.10, registering a plunge of 67 paise over its...

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Dilip Buildcon Surges On Emerging Lowest Bidder For Two Highway Projects

Dilip Buildcon emerged as the L-1 bidder for two new hybrid annuity mode (HAM) projects under Bharatmala Pariyojana, Phase 1 in Tamil Nadu and Puducherry

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RailTel Corporation Lists At Modest 11% Premium

The shares of RailTel Corporation debuted at Rs 104.60, up 11.28 per cent, on the BSE compared to the issue price of Rs 94 and on the NSE, the shares were listed at Rs 109, a premium of 15.96 per cent

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Sensex Plunges Over 1,000 Points On Weak Global Cues, Nifty Below 14,900

The National Statistical Office will release gross domestic product growth estimates for the third quarter (October-December) 2020-21 post market hours

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Stocks To Watch: Bharti Airtel, RailTel Corporation, Hatsun Agro

Bharti Airtel will have an extraordinary general meeting on March 19 to seek the approval of board members for issuing equity shares on preferential basis through a special resolution

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Petrol, Diesel Prices Unchanged On Friday

In Delhi, the price of petrol was steady at Rs 90.93 per litre and diesel was untouched at Rs 81.32 per litre, according to Indian Oil Corporation

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Budget 2021 Marks Directional Change For Economy: Finance Minister

Narendra Modi, after becoming the prime minister in 2014, discarded the system of notary saying that citizens can self attest their documents, she said, adding that the system of boiler inspector, who...

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RailTel Corporation To List On The Bourses Tomorrow

RailTel Corporation's Rs 819 crore initial public offer (IPO) was an offer for sale by the government as part of the divestment programme

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Rupee Edges Lower To 72.43 Against Dollar Amid High Crude Oil Prices

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.35 against the dollar and registered an intra-day high of 72.34

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Sensex, Nifty Gain For Third Straight Day Led By Reliance Industries

Reliance Industries, Axis Bank, Tata Consultancy Services, NTPC, IndusInd Bank and ONGC were among the top movers in the Sensex.

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United's 777 Flew Lower Than Half The Flights Permissible Between Checks

Air India is the only carrier which has Boeing 777s in its fleet but none of such planes have P&W 4000-112 engines

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Long Bets On Rupee Hit Over Three-Year High, Peso Bears Return: Poll

The biggest jump in positions was seen in the rupee, which has risen almost one per centin February on huge foreign fund inflows into equities as the economy looks set to rebound sharply

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Banks To Remain Shut For 11 Days In March 2021

Bank Holidays: In addition to five festival holidays, banks will also remain shut on four Sundays and two Saturdays

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Public Sector Undertakings Rally On PM Modis Privatisation Pitch

In the recent Budget session, PM Modi's shout-out in parliament to the private sector earned praise from industrialists like Anand Mahindra and Sajjan Jindal.

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MSME Sector At Forefront As Growth Engine Of Economy, Says RBI Governor

MSME has emerged as the growth engine of the economy with a vast network of about 6.33 crore enterprises contributing 30 per cent of the nominal GDP and 48 per cent to exports, according to RBI...

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L&T Technology Services Rises On Partnering With Airbus

L&T Technology Services will support the airlines in the development of complex workflows, creation of new interfaces between their existing information systems and Skywise and also provide assistance...

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Need Coordination Between Centre, States On Tax Reduction In Fuel: RBI

-There is a need for coordinated action between the centre and states because there are inherent taxes levied by both,- the Governor said adding that calibrated reduction of taxes was important.

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Insurance Regulator Approves Axis Entities' Stake Acquisition In Max Life Insurance

The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020

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Rupee Dips 6 Paise To 72.41 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.35 against the US dollar, then lost further ground and touched 72.41, registering a fall of 6 paise over its...

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Cadila Healthcare Gains Over 2% After Unit Buys Drug For Menkes Disease

Cadila Healthcare said that its US subsidiary has acquired an experimental drug from Cyprium for treating Menkes disease, which is a rare recessive pediatric disease

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Axis Bank Gains Over 3% On Getting Nod For Stake Purchase In Max Life

IRDAI gave its formal approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital & Axis Securities (together Axis Entities)

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Nureca Shares Make Stellar Market Debut, List At A Premium Of Over 50%

Nureca shares were in huge demand during the three-day share sale via initial public offering which concluded on February 18.

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India Likely Exited Recession In 2020-End, GDP Data May Show: Report

Two of the eight high-frequency indicators tracked by Bloomberg News improved last month, while five held steady and one deteriorated.

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Sensex Rallies Over 550 Points, Nifty Above 15,100 Led By Banks, IT Stocks

HDFC Bank, Reliance Industries, Axis Bank, Infosys, HDFC and TCS were among the top movers in the Sensex.

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2 Telecom Lines Fail To Protect NSE, World's Top Derivative Exchange

Both service providers -- Bharti Airtel and Tata Communications -- went down at the same time, hamstringing migration from Mumbai to Chennai, the people said, asking not to be identified discussing...

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Stocks To Watch: Cadila Healthcare, Dredging Corporation

Dredging Corporation of India has signed a MoU to construct first ever trailing suction hopper dredger in Indian Shipyard for the first time in Republic India with Cochin Shipyard

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Nifty Seen Opening Above 15,000; Nureca To Make Stock Market Debut

The Nifty 50 index is set to stage a gap up opening as indicated by Nifty futures traded on Singapore Exchange.

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Gamestop Rallies Again; Some Puzzle Over Ice Cream Cone Tweet

GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after a fierce rally and steep dive that...

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Petrol, Diesel Prices Steady On Thursday

In Delhi, the price of petrol was steady at Rs 90.93 per litre and diesel was untouched at Rs 81.32 per litre, according to Indian Oil Corporation

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Sensex Rallies 1,030 Points, Nifty Reclaims 14,950 Led By Private Banks

Private banks surged after the government lifted the embargo on private sector banks for the conduct of government-related banking transactions

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Rupee Gains To 72.35 Against Dollar Amid Positive Domestic Equities

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.35 against the dollar and witnessed an intra-day high of 72.26

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Economy Likely Returned To Growth In December Quarter: Poll

The median forecast from a survey of 58 economists, conducted between February18-24, put year-on-year growth at 0.5 per cent in the December quarter, as the economy stabilised after contracting 23.9...

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Cabinet Approves Rs 7,350 Crore Plan To Boost IT Product Exports

IT Sector: The production-linked incentive plan, which provides manufacturers cash-backs, will help India export IT goods worth Rs 2.45 lakh crore

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Retail Investors Dabble In Stocks Directly, Ditching Mutual Funds

The number of 'demat' accounts, which contain retail investor holdings in securities in electronic format, increased 27 per cent last year to stand at 49.8 million at the end of 2020.

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Centre Lifts Embargo On Granting Businesses To Private Banks

"Private banks can now be equal partners in development of the Indian economy, furthering the government's social sector initiatives and enhancing customer convenience," Finance Minister Nirmala...

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RBI Has 'Major Concerns' Over Cryptocurrencies: Shaktikanta Das

The central bank told lenders in 2018 they could not offer any banking services to any cryptocurrency traders or exchanges, but the order was challenged in court and eventually reversed by the top...

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MTAR Technologies IPO To Open On March 3

MTAR Technologies' initial public offering will comprise a fresh issue of 21,48,149 equity shares and an offer for sale of 82,24,270 equity shares by promoters and investors

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NSE Re-Opens After Technical Snag, Nifty Reclaims 14,800

The National Stock Exchange benchmark - Nifty 50 index rose 0.6 per cent or 88 points to 14,800 after re-opening and Sensex climbed 308 points to 50,059.

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Markets Should Trust The RBI, Says Shaktikanta Das

The Reserve Bank of India's assurances that it will ensure ample liquidity have failed to calm investors' nerves over the larger than expected 12.06 trillion rupees borrowing requirement, and the...

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Heranba Industries IPO Subscribed 1.5 Times On Day 2

Heranba Industries IPO Day 2: Investors who wish to subscribe to the issue can bid in a lot of 23 equity shares and multiples thereafter

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NSE Cancels All Open Orders After Technical Glitch

Trading was halted at 11:40 am on the NSE due to a technical glitch as the live price quotes of Nifty and Bank Nifty indexes stopped updating around 10:00 am.

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Rupee Goes Up 14 Paise To 72.32 Against US Dollar In Early Trade

Rupee Vs Dollar: Forex traders said the Fed Chairman Jerome Powell's dovish statement on the US economy boosted investor sentiment

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Maruti Suzuki Launches All-New Swift 2021; Shares Trade Marginally Higher

The new Swift comes with features like cruise control, idle start and stop and key synchronized auto foldable outside rear-view mirrors.

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Coal India Gains Over 4% On Dividend Announcement Plans

Coal India announced on Tuesday that a board of directors meeting scheduled on March 05, 2021 will consider a second interim dividend for financial year 2,021

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Rupee Vs Dollar: Rupee Starts On Muted Note In Early Trade

Rupee Vs Dollar: Federal Reserve Chair Jerome Powell said in his testimony to US Congress that the American economy is a long way from its employment and inflation goals and that it will likely take...

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NTPC Edges Higher On Inking Pact To Buy GAIL's Stake In Ratnagiri Gas

NTPC has signed a share purchase agreement to buy GAIL's 25.51 per cent stake in Ratnagiri Gas and Power, commonly known as Dabhol project

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Nifty, Bank Nifty Live Prices Not Updating Across Brokerages

Live price quotes of spot Nifty and Bank Nifty indexes were not updating on the National Stock Exchange.

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Bond Traders Hamper Government's Efforts To Pull Economy From Recession

The yield on 10-year government debt has jumped about 27 basis points to 6.17 per cent since the government unveiled a Rs 35 trillion spending plan on February 1

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Sensex, Nifty Edge Higher; Metal Stocks Shine For Third Session In A Row

Reliance Industries, HDFC Bank, Axis Bank, Bajaj Finance, State Bank of India, Larsen & Toubro and ICICI Bank were among the top movers in the Sensex

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Sensex, Nifty Set To Open Higher; Metal Stocks In Focus

Tata Consumer Products will be in focus as the company will replace GAIL India from March 31 in the Nifty 50 basket of shares.

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Stocks To Watch: NTPC, Coal India

NTPC has signed a share purchase agreement to buy GAIL's 25.51 per cent stake in Ratnagiri Gas and Power, commonly known as Dabhol project

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Petrol, Diesel Prices Unchanged On Wednesday

In Delhi, the price of petrol was steady at Rs 90.93 per litre and diesel was unchanged at Rs 81.32 per litre, according to Indian Oil Corporation

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Heranba Industries IPO Subscribed Over 84% On Day 1

Investors who wish to subscribe to Heranba Industries IPO can bid in a lot of 23 equity shares and multiples thereafter

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Indian Pharma Firms Go Local Seeking To End Reliance On China

Indian Pharma Firms: Although India is known as the pharmacy of the world for its massive production capacities of both generic drugs and vaccines, China accounted for half of its API needs in 2019...

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Bullet Train: Rs 1,390 Crore Contract Signed With L&T For Steel Bridges Work

Mumbai Ahmedabad Bullet Train Project: The National High-Speed Rail Corporation Limited signed a contract agreement with L&T for procurement and fabrication of 28 steel bridges

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Rupee Gains Marginally Higher To 72.46 Against Dollar Amid Muted Domestic Equities

Rupee Vs Dollar: At the interbank foreign exchange market, the domestic unit opened at 72.36 against the dollar and registered an intra-day high of 72.31.

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Sensex, Nifty Snap Five-Day Losing Streak; Metals Outperform

Metal stocks outperformed the benchmarks for second straight session riding on surge in copper prices in international markets.

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Heranba IPO Subscribed 39% In First Two Hours Of Bidding

Heranba IPO: Emkay Global Financial Services and Batlivala & Karani Securities are the book running lead managers to the public issue of Heranba Industries

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Larsen & Toubro Gains After Construction Arm Wins Order For Solar Projects

On Tuesday, shares of Larsen and Toubro opened the trading session at Rs 1,452, touching an intraday high of Rs 1,498.10.

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United's Boeing 777 Engine Damage Consistent With Metal Fatigue: NTSB

Air India is the only carrier which has Boeing 777s in its fleet but none of such planes have P&W 4000-112 engines

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Sensex, Nifty Off Day's High; Oil Marketing Stocks Witness Buying

The BSE Sensex, which had soared as much as 583 points to touch an intraday high of 50,327.31, has surrendered more than 500 points from intra-day highs

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Bharti Airtel, Qualcomm Tie Up To Provide 5G Services In India

Telecom operator Bharti Airtel said on Tuesday it will collaborate with US chipmaker Qualcomm to roll out 5G services in India.

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Rupee Rises 16 Paise To 72.33 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.36 against the US dollar and inched higher to 72.33 against the greenback

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Mahindra Electric Vehicles To Power Amazon India Deliveries

Mahindra Electric's "Treo Zor", a three-wheeler vehicle powered by a lithium-ion battery, has been deployed in major metro cities like Bengaluru, New Delhi and Hyderabad

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Page Industries Rises Nearly 5% After Appointing V S Ganesh As CEO

Shares of Page Industries, maker of popular innerwear brand Jockey, rose as much as 4.61 per cent to hit an intraday high of Rs 28,831.35 on the BSE

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Sensex Zooms Over 500 Points Boosted by Gains In Reliance, Infosys

Reliance Industries was top mover in the benchmarks, the stock advanced over 2 per cent to hit an intraday high of Rs 2,050

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PVR, Inox Leisure Fall For Second Straight Session On Lockdown Fears

In the last two trading sessions, PVR has declined 8 per cent and Inox Leisure has fallen 9 per cent on fears of imposition of lockdown

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Reliance Industries Gains Over 1% On Finalising Demerger

Reliance Industries expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next fiscal year

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Sensex, Nifty Edge Higher Led By Gains In Reliance Industries, ICICI Bank

The Sensex rose over 350 points and Nifty 50 index moved above its important psychological level of 14,750.

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Heranba Industries' Rs 625 Crore IPO Opens For Bidding Today

Heranba Industries IPO comprises a fresh issue of Rs 60 crore and an offer for sale of Rs 565.2 crore; the retail investors can bid for a minimum one lot of 23 shares and in multiples thereof,...

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Sensex, Nifty Set To Open Higher; Reliance, Bharat Forge In Focus

Bharat Forge will be in focus as the company signed an agreement with Paramount Group to manufacture armoured vehicles in India.

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India's Inflation Target May Need To Be Refined: Chief Economic Adviser

The current monetary policy framework, signed by Prime Minister Narendra Modi's government with the Reserve Bank of India in 2015, expires next month

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Stocks To Watch: Reliance Industries, Bharat Forge, Zuari Agro Chemicals

Reliance Industries expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next fiscal year

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Reliance Expects Approvals To Hive Off Oil-To-Chemicals Unit By Q2

Reliance, owned by billionaire Mukesh Ambani, will retain full control of the business post-restructuring, the company said in the presentation.

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Petrol, Diesel Prices Touch Record Highs After 2-Day Pause

In Delhi, the price of petrol was hiked by 35 paise to Rs 90.93 per litre and diesel was increased by an equal amount to Rs 81.32 per litre, according to Indian Oil Corporation

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Bharat Forge, Paramount To Produce Armoured Vehicles In India

Bharat Forge-Paramount Deal: An agreement was signed by both companies during the International Defence Expo in Abu Dhabi

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Moderate Inflation Provides Room To Support Growth: MPC Minutes

The Reserve Bank of India kept rates steady at record low levels this month and said it would maintain support for recovery from the coronavirus by ensuring ample liquidity.

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Rupee Up 16 Paise To Close At 72.49 Against US Dollar

Rupee Vs Dollar: At the interbank forex market, the local currency opened at 72.58 against the greenback and witnessed an intra-day high of 72.29 and a low of 72.58

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SBI Offers 5.4% Interest On FD Of 5 Years And Above. Check Latest Rates Here

SBI's fixed deposits start from tenor of 7 days and go up to 10 years and any individual can open fixed deposit account with State Bank of India for minimum deposit of Rs 1,000.

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Air India To Be Unaffected As Boeing Asks Airlines To Ground 777s

Boeing recommends airlines suspend use of some 777s after United Airlines incident

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Sensex Crashes 1,145 Points, Nifty Ends Below 14,700

All the 11 sector gauges barring the index of metal shares ended lower led by the Nifty Media index's over 3 per cent fall.

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Bond Yields Surge, Market Expects More RBI Intervention

The benchmark 5-year bond yield was trading at 5.77, after rising to 5.82 per cent, its highest since April 16.

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Thomas Cook India To Raise Rs 450 Crore Through Preferential Issue

The company's board of directors has approved the issuance of up to 45 crore OCCRPs of the face value of 10 each to promoter Fairbridge Capital Mauritius Ltd through private placement on a...

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Sensex Drops Over 1,100 Points, Nifty Below 14,750 Dragged By Reliance

The Sensex fell as much as 1,165 points and Nifty 50 index touched an intraday low of 14,667.

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Rupee Gains 11 Paise To 72.54 Against US Dollar In Early Trade

Rupee Vs Dollar: Traders said investors could await the release of RBI Monetary Policy Committee's February meeting minutes on Monday for further cues

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Copper Producers Rally On Surge In Copper Prices Internationally

Shares of copper producers Hindustan Copper, Hindalco and Hindustan Zinc rose up to 18 per cent in an otherwise weak market session.

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Supreme Court Bars Future Group's Reliance Deal On Amazon Appeal

Future-RIL deal: A deal could reshape India's pandemic-hit shopping sector and decide if Amazon can blunt Reliance's dominance of retail

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Torrent Power Surges On Emerging As Highest Bidder For Power Company

Torrent Power shares rose as much as 5.66% to hit record high of Rs 385.45 after it has emerged as highest bidder for privatisation of a power distribution company in Dadra & Nagar Haveli

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Jubilant FoodWorks Touches 52-Week High On Fides Acquisition

Jubilant FoodWorks will fully acquire Netherlands-based Fides Food Systems Cooperatief U.A. through its wholly-owned subsidiary-Jubilant Foodworks Netherlands B.V.

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Sensex Loses Over 100 Points, Nifty Hovers At 14,900

Asian markets inched higher on Monday as expectations for faster economic growth and inflation globally batter bonds and boost commodities

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Stocks To Watch: Adani Ports, Jubilant FoodWorks, NTPC

Adani Ports has incorporated wholly-owned subsidiary Aqua Desiltingto carry out business of dredging, desiltation and sale / disposal of such desilted material from sea, river, dams and other water...

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Rupee Bounces From Asia's Weakest Currency On Massive Stock Inflows

A recovering economy and an expansive budget are luring global funds to India's equities, with investors buying almost $4 billion of stocks this month, the most in Asia's emerging markets after China

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No Change In Petrol, Diesel Prices On Monday

In Delhi, the price of petrol was constant at Rs 90.58 per litre and diesel was untouched at Rs 80.97 per litre, according to Indian Oil Corporation

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Sensex, Nifty Set To Have A Positive Opening

Asian share markets inched higher on Monday as expectations for faster economic growth and inflation globally batter bonds and boost commodities

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How To Check Share Allotment Status Of Nureca IPO

Nureca IPO: The public issue was subscribed 166.58 times in the retail category, 3.10 times in qualified institutional buyers segment and 31.59 times in non-institutional investors category

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RailTel Corporation IPO: How To Check Share Allocation

RailTel Corporation IPO: The initial public offer was an offer for sale of 8,71,53,369 equity shares by the government, out of which five lakh equity shares were reserved for the employees

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Heranba Industries' Rs 625 Crore IPO To Open For Bidding On Tuesday

Heranba Industries, the Gujarat-based crop protection chemical manufacturer's share offering will be open for three days from February 23 to February 25, 2021

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Cairn Hopeful Of Solution In $1.2 Billion-Plus Tax Dispute With Centre

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral...

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Centre Released Rs 1 Lakh Crore GST Compensation Shortfall Since October

This week, the amount was borrowed at an interest rate of 5.5924 per cent. So far, an amount of Rs. 1,00,000 crore has been borrowed by the government through the special borrowing window at an...

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Bitcoin Market Cap Hits $1 Trillion, Soars To Record High Of $57,000

Cryptocurrency bitcoin hit a market capitalization of $1 trillion as it surged to achieve yet another record high of $56,399.99 on Friday, February 19, continuing its bull stint fuelled by gaining...

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GST Council Should Consider Rationalisation Of Slabs: Finance Minister

"The Centre and states both generate revenue from petrol. We can think about bringing petroleum under the GST. Maybe it is a solution,'' said Finance Minister Nirmala Sitharaman

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Petrol, Diesel Prices At All-Time Highs, Petrol Touches Rs 97 Mark In Mumbai

In Delhi, the price of petrol was hiked by 39 paise from Rs 90.19to Rs 90.58 per litre, and diesel was increased by 37 paise from Rs 80.60per litre to Rs 80.97 per litre

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RBI Puts Rs 1,000 Withdrawl Cap On Deccan Urban Co-perative Bank

The Reserve Bank has barred Deccan Urban Co-operative Bank from granting new loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their accounts for six months.

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Unleash 'Animal Spirits' To Make India Fastest Growing Economy: Finance Minister

The expression animal spirits'' was coined by celebrated economist John Maynard Keynes to refer to investors'' confidence in taking action in terms of investment.

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Pugalur-Thrissur Power Project Inaugurated Today: All You Need To Know

Kerala will be able to utilize 1,000 MW and draw remaining 1,000 MW after strengthening the system for which the work is going on.

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Fiscal Deficit Of States To Moderate To 4.3% Of GDP In Next Financial Year

The agency estimates the nominal GDP to grow 14.5 per cent in the next fiscal

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GDP To Bounce Back To 10.4% Next Fiscal Year By Base Effect: Rating Agency

Although the recovery in the next fiscal on a year-on-year basis will be V-shaped, the size of the GDP will barely surpass the level attained in the financial year 2019-20

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Top Courts Directs RBI To Finalise Regulations For Locker Management In Banks

The top court said people are hesitant to keep their liquid assets at home as "we are steadily moving towards a cashless economy."

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How To Make The Most Of Section 80C Deductions To Save Income Tax

Income tax experts emphasise on the importance of income tax benefits available under Section 80C, often considered one of the most popular ways to save money among salaried individuals

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Bullet Train Project: Bids Open For Construction Of Sabarmati Maintenance Depot

Mumbai Ahmedabad Bullet Train Project:

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Dr Reddy's Starts Process For Emergency Use Authorisation Of Sputnik V

Dr Reddy's will present the safety profile of phase two study and interim data of phase three study which is expected to completed by February 21

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Heranba Industries IPO To Open On Tuesday. Here Is All You Need To Know

Heranba Industries IPO comprises of offer for sale of Rs 565.2 crore and fresh issue of Rs 60 crore.

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Malls Arm Of IKEA Plans First India Site In Noida

Ingka Centres is owned by Ingka Group that also owns most IKEA stores worldwide

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Sensex, Nifty Decline For Fourth Day In A Row Dragged By Banks

All the 11 sector gauges compiled by the National Stock Exchange ended lower led by Nifty PSU Bank index's nearly 5 per cent decline

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Oil India Led Consortium To Bid For BPCL's Stake In Numaligarh Refinery

The exact percentage of the stake of Oil India and Engineers Indiawill depend on the extent of the right of first offer to be exercised by the Assam government

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Sensex Crashes Over 600 Points, Nifty Below 15,000

Selling pressure was broad-based as all the 11 sector gauges compiled by the National Stock Exchange were trading lower

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DLF Cyber City Developers Acquires 51.8% Stake In Fairleaf For Rs 780 Cr

DCCDL had entered into a securities purchase agreement with funds managed by Hines, a global real estate investment, development and management firm, to acquire stake in Fairleaf

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State-Run Insurers Rally For Second Session On Privatisation Report

State-run insurers - New India Assurance and General Insurance Corporation of India, hit the 20 per cent upper circuit on privatization reports.

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Tejas Networks Rallies Over 30% In Three Sessions. Here Is Why

Tejas Networks shares rose by daily maximum limit of 10 per cent for third session in a row on Friday

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Ambuja Cements' Net Profit Grows 34% To Rs 968 Crore In December Quarter

Ambuja Cements Q4 Results: Total operating cost per tonne declined 2 per cent supported by operational efficiency programmes in the plants as well as logistics efficiencies

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IDFC First Bank Gains After Board Approves Rs 3,000 Crore Fund Raising Plan

IDFC First Bank shares have surged more than three times from low of Rs 18 since the Covid-19 lockdown was announced in March last year.

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Sensex Falls Over 250 Points, Nifty Below 15,100 Dragged By Private Banks

Selling pressure was visible across the sectors as eight of 11 sector gauges compiled by the National Stock Exchange were trading lower

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Sensex, Nifty Set To Open Lower On Weak Global Markets

MSCI's broadest index of Asia Pacific shares outside of Japan was last down 0.1 per cent at 733.67 from a record high of 745.89 touched on Thursday.

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Petrol, Diesel Prices At New Highs; Petrol Above Rs 90/Litre In Delhi

In Delhi, the price of petrol was hiked by 31 paise from Rs 89.88 per litre to Rs 90.19 per litre, and diesel was increased by33 paise from Rs 80.27 per litre to Rs 80.60 per litre

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Supreme Court Asks Lenders To Place Loan Records Of Former Ranbaxy Promoters

The apex court on November 15, 2019 had held former Ranbaxy promoters guilty of contempt of court for violating its order asking them not to divest their shares in FHL.

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Gold Prices Today: Yellow Metal Recovers To Rs 46,400 Level; Should You Buy?

Gold Price In India Today: Domestic spot gold closed at Rs 46,439per 10 grams on Thursday, and silver at Rs 68,700 per kilogram - both rates excluding GST

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GDP To Expand By 0.08% In December Quarter, Growth Pegged At 8.5%: Barclays

The Reserve Bank of India has projected a 10.5 per cent GDP growth in the financial year 2021-22.

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L&T Finance Holdings Rights Issue Oversubscribed 15%

The allotment of equity shares will be on February 23, and such equity shares shall be listed on the bourses on February 26

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L&T Construction To Build 2 Units Of Kudankulam Nuclear Power Project

L&T did not provide the value of the contracts but said the orders fall under the 'significant' category, which ranges between Rs 1,000 crore and Rs 2,500 crore

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Inflation Target Band Of 2%-6% Up For Review: Finance Minister

The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016.

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RailTel IPO Subscribed 42 Times, Retail Portion Booked 17 Times

RailTel IPO Subscription: RailTel Corporation's public issue subscribed 16.78 times in the retail category, 65.14 times in the qualified institutional buyer segment and 73.25 times in the...

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Apple Lobbies For India Incentives As It Plans iPad Assembly: Report

Apple, which has steadily raised production of iPhones in India to lessen its dependence on Chinese manufacturing, took part in that scheme via its contract manufacturers.

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Paring Initial Losses, Rupee Gains To 72.65 Against Dollar

Rupee Vs Dollar Today: At the interbank foreign exchange market, the local unit opened lower at 72.76 tracking sell off in domestic equities and touched an intraday high of72.65

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Sensex Sheds Nearly 400 Points, Dragged By Private Banks, Autos

The benchmark indices shed more than half a per cent for the second consecutive day, amid a volatile trading session, dragged by selling pressure in private sector banking and auto shares

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Jaguar Land Rover To Cut 2,000 Jobs Globally On Plans To Make E-Vehicles

Jaguar Land Rover: Tata Motors said it was concerned by semiconductor shortages and Brexit-related supply disruptions as its luxury car sales recover

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Reserve Bank of India Approved DHFL Takeover: Piramal Group

"RBI has approved the DHFL resolution plan from Piramal Capital and Housing Finance, submitted by the committee of creditors," the Piramal Group said in a statement.

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Dollar Rallies On US Recovery Hopes, Bitcoin Near Record $52,640

Bitcoin traded just shy of the new record high of $52,640 reached overnight, with its roughly 58 per cent surge this month prompting some analysts to warn that the rally might be unsustainable

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Indian Overseas Bank Up Over 50% For Third Straight Session

Indian Overseas Bank is quoting at Rs 18.80, up 19.75 per cent on the day on the NSE rallying for the third straight session as the government has reportedly shortlisted four banks for privatisation

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Sensex Falls Over 400 Points, Nifty Near 15,100 Dragged By Private Banks

State-run banking shares rallied for third day in a row paced by gains in Indian Overseas Bank's 20 per cent gain

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Rupee Opens Flat Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.76 against the US dollar, then inched lower to 72.77

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GAIL Share Buyback Offer To Open On February 25

GAIL India will buy back shares from all existing shareholders and beneficial owners as on record date -- which is January 28 -- on a proportionate basis

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Gas Stocks Rally After PM Modi's Assurance To Bring Natural Gas Under GST

PM Modi said the government will be spending Rs 7.5 lakh crore over 5 years to build its oil and gas infrastructure.

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Bharti Airtel Trades Flat After Buying Back Stake From Warburg Pincus

Bharti Airtel will issue around 3.647 crore shares at a price of Rs 600 per share, with Rs 1,037.8 crore paid in cash; valuing the DTH arm at around Rs 15,630 crore

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Sensex, Nifty Open Flat; Reliance Industries, SBI Outperform

Six of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Private Bank index's 0.6 per cent fall

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Sensex, Nifty Set To Open Higher As Indicated By SGX Nifty

Indian equity benchmarks are set to open higher in trade on Thursday as indicated by the Nifty futures traded on Singapore Exchange

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Petrol, Diesel Prices At New Highs; Petrol Nears Rs 90 In Delhi

In Delhi, the price of petrol was hiked by 34 paise to Rs 89.88 per litre and dieselwas increased by 32 paise to Rs 80.27 per litre, according to Indian Oil Corporation

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Stocks To Watch: Bharti Airtel, Phillips Carbon Black, GAIL India

Bharti Airtel will acquire 20 per cent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore

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Gold Prices Today: Yellow Metal Trades Below Rs 46,500, Silver Rates Drop

Gold Price In India Today: Falling for the fifth straight day, gold rates plunged Rs 717 to Rs 46,102 per 10 gm in the national capital, amid a decline in global precious metal prices

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After Bitcoin Crosses $50,000, What's The Status Of Cryptocurrencies In India?

''Depriving the country of the technology and opportunity which is being created by crypto is not very different from depriving someone of the internet,'' say experts on crypto ban in India

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Schaeffler India Q4 PAT Rises 67% At Rs 142 Crore

Schaeffler India Q4 Earnings: The company said it also benefited from fine-tuned inventory policies that reduced funds locked up in working capital cycle

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Amazon Deployed Secret Strategy To Dodge Indian Regulators: Report

With Amazon facing increasing scrutiny by regulators, news of the strategy detailed in the documents could deepen the risks for the company in one of its key growth markets.

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Nureca's IPO Subscribed 40 Times, Retail Portion Booked 167 Times

The public issue was subscribed 166.58 times in the retail category, 3.10 times in qualified institutional buyers segment and 31.59 times in the non-institutional investors category

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Telecom Equipment Makers Rally After Cabinet Approves PLI Scheme

The Union Cabinet approved Rs 12,195 crore production linked incentive (PLI) scheme for the telecom and networking products.

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Reining In High Fiscal Deficits Key For Investment-grade Rating: S&P

S&P currently has India at -BBB-,- its lowest investment-grade rating, with a stable outlook

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Rupee Slips To 72.74 Against Dollar Amid Muted Domestic Equities

Rupee Vs Dollar: At the interbank foreign exchange market, the domestic unit opened at 72.90 against the dollar and registered an intra-day high of 72.72

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Bitcoin Stays Above $50,000 As MicroStrategy Seeks $600 Million To Raise Stakes

Bitcoin Vs Dollar: After smashing the historic $50,000 mark, cryptocurrency bitcoin stayed above the milestone and was last up 4.59 per cent at $50,549.6 against the US dollar

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Sensex Ends 400 Points Lower Dragged By Losses In HDFC Bank, Kotak Bank

Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Pharma index's nearly 2 per cent fall.

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Cabinet Approves Rs 12000 Crore Production-Linked Incentive Scheme For Telecom Sector

The scheme is aimed at offsetting the huge import of telecom equipment worth more than Rs 50,000 crore and reinforce it with "Made in India" products both for domestic markets and exports, Telecom...

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ICICI Lombard Partners With Flipkart To Offer 'Hospicash' Benefit

With daily cash benefits starting from Rs 500,' Hospicash' benefit under Group SafeGuard insurance will provide cover to Flipkart consumers

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Select State-Run Banks Soar For Second Straight Day On Privatisation Buzz

Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra shares rallied as much as 20 per cent for the second day on reports that the government has shortlisted the four...

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Here's Why WeWork Is The Best Choice For Your Next Workspace!

WeWork has 14 designed terraces across 6 key cities with all basic amenities that allows its members to work outdoors for longer hours.

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Rupee Slips 23 Paise To 72.92 Against US Dollar In Early Trade

Rupee Vs Dollar: The domestic currency is likely to strengthen 1.3 per cent and average 73.5 against the US dollar in the financial year 2022-23

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Nestle India Shares Fall After December Quarter Earnings

Nestle India's revenue from sale of products rose 9 per cent to Rs 3,417.52 crore compared with Rs 3,130.74 crore in the year ago period.

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Infosys' US Subsidiary Buys Underwriting Platform; Stock Edges Lower

"The powerful rule-driven new business and automated underwriting platform from STEP will help Infosys McCamish in enhancing its industry-leading VPAS policy administration platform," Infosys said

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Adani Ports Gains Over 3% On Completing Dighi Port Acquisition

Adani Ports will invest more than Rs 10,000 crore in developing Dighi Port as an alternate gateway to JNPT, the company said in a regulatory filing to the stock exchanges

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Sensex Falls Over 300 Points Weighed Down By Banking, IT Shares

Eight of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty IT index's over 1 per cent decline

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Bitcoin Tops $50,000 As It Wins More Mainstream Acceptance

Bitcoin has risen around 67 per cent so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 billion in bitcoin

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Sensex, Nifty Set For A Weak Start; Bharti Airtel In Focus

Overnight, the Dow Jones Industrial Average notched a record closing high, joining a global march propelling stock indexes to record highs on Tuesday

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Stocks To Watch: Bharti AIrtel, Adani Ports, Infosys

Bharti Airtel's Board of Directors is scheduled to meet today i.e. February 17, 2021 to discuss future strategic plans and reorganization of shareholding framework of subsidiary companies

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Petrol, Diesel Prices Touch New Highs; Petrol At Rs 96 In Mumbai

In Delhi, the price of petrol was hiked by 25 paise to Rs 89.54 per litre and diesel was increased by an equal amount to Rs 79.95 per litre, according to Indian Oil Corporation

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Capex Utilisation in Indian Railways' Dedicated Freight Corridor Project Up 21%

In first 10 months of financial year 2020-2021, capital expenditure of Rs 8201 Cr has been registered as compared to Rs 6783 crore for last year

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Ascendas India Trust To Buy IT-SEZ Building For Rs 506 crore

The agreements were executed with the shareholders of the Phoenix IT Infrastructure India Private Limited to acquire an IT SEZ building with a total floor area of 639,495 square feet approximately.

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To Make India Pay $1.2 Billion Award, Cairn Files Case In US

Cairn asked the US court to recognise and confirm the award, including payments due since 2014 and interest compounded semi-annually

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AstraZeneca Shares Up 4% On Emergency Use Approval Of Covid-19 Vaccine

WHO's move widens access to the relatively inexpensive shot in the developing world

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Bitcoin Shoots Above $50,000 For First Time Ever, Gains Further Acceptance

Bitcoin Vs Dollar: Achieving a historic milestone, cryptocurrency bitcoin hit an all-time high record, breaching the $50,000 mark on Tuesday, February 16, continuing its broader bull run after Elon...

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Tata Communications Shares Up 6% On Tie-Up With Google Cloud

As part of this partnership, Tata Communications and Google Cloud India will enable organisations to deploy and access Google Cloud services through Tata Communications IZO Managed Cloud

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Rupee Settles On A Flat Note To 72.69 Against Dollar After Early Gains

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.64 against the dollar and registered an intra-day high of 72.63

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Cooking Gas Gets Costlier As LPG Cylinder Price Up Rs 50 In Delhi: Report

LPG Gas Cylinder Price: Non-subsidised LPG rates were hiked by ₹ 50 in Delhi and the changes were implemented with effect from February 15 reported news agency ANI

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Sensex, Nifty End Volatile Session On Flat Note; Metals Outperform

The benchmarks opened higher wherein the Sensex rose as much as 363 points to hit record high of 52,516.76

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Future Group Creditors Rush To Recover $2.5 Billion Loans

Future's top financial creditors include India's largest lender State Bank of India, along with smaller rivals Bank of Baroda and Bank of India

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Amazon To Start Making TV Streaming Device In India

The move marks Amazon's first foray into making its devices in India, which is working to boost local electronics manufacturing.

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Tribunal Blocks SEBI's Order On Kishore Biyani, Says Future Group

The regulator had said Mr Biyani and his brother Anil had traded in shares of their Future Retail firm through a group company on the basis of unpublished price-sensitive information.

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Sensex Falls Over 450 Points From Day's High, Nifty Near 15,300

Seven of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty IT index's over 1 per cent decline

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ONGC Rallies On Hopes Of Higher Gas Production from Krishna Godavari Basin

Shares of state-run oil exploration company - ONGC - on Tuesday rose as much as 6 per cent to hit an intraday high of Rs 104.25

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Rupee Up 5 Paise To 72.63 Against US Dollar In Early Trade

Rupee Vs Dollar: FIIs were net buyers in the capital market as they purchased shares worth Rs 1,234.15 crore on Monday, according to exchange data

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Select State-Run Lenders Rally On Report Of Potential Privatisation

Shares of Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra rallied as much as 20 per cent

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Rupee Sees Buying Interest As Hopes For Recovery Brighten

Rupee Vs Dollar: The rupee is likely to strengthen 1.3 per cent and average 73.5 against the US dollar in the financial year 2022-23 compared with an average level of 74.4 in the financial year...

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RailTel Corporation's IPO Opens For Bidding. Here Are Things To Know

The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for the employees

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Sensex Gains More Than 200 Points, Nifty Above 15,400

Global shares held firm on Tuesday as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets

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Stocks To Watch:Wipro,Tech Mahindra, Jet Airways,

Wipro has announced a five-year strategic partnership with Telefonica Germany/O2; Wipro will work with Telefonica Germany/O2 and its wider ecosystem to transform its business support systems and...

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Sensex, Nifty Likely To Have A Subdued Opening

Global shares held firm on Tuesday as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets

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Petrol, Diesel Prices Touch New All-Time Highs; Petrol Crosses Rs 89 Mark In Delhi

In Delhi, the price of petrol was hiked by 30 paise to Rs 89.29 per litre and diesel was increased by 35 paise to Rs 79.70 per litre, according to Indian Oil Corporation

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ONGC Envisages Peak Gas Output From East Coast Block In 2024

ONGC will ramp up production from its KG basin block to about 3-3.5 mmscmd from May, which will be further raised to 8.5 mmscmd in 2022/23 before hitting peak rate in 2024

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Nureca IPO Oversubscribed On First Day Of Issue

Nureca saw huge demand of its shares as it received over 80 lakh bids for 14 lakh shares on the offer

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JLR Cars To Be All-Electric By 2030; Jaguar Fully Electric By 2025

JLR said it aims to achieve net zero-carbon emissions across its supply chain, products and operations by 2039

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India's Exports Rise 6% In January; April-January Deficit At $1.87 Billion

Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion, while imports declined by 25.92 per cent to $300.26 billion.

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Rupee Rises 7 Paise To Close At 72.68 Against US Dollar

Rupee Vs Dollar: At the interbank forex market, the local currency opened at 72.61 against the greenback and witnessed an intra-day high of 72.57 and a low of 72.69

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4 Mid-Sized Government Banks Shortlisted For Privatisation: Report

The government is considering mid-sized to small banks for its first round of privatisation to test the waters.

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Sensex Rallies 610 Points, Nifty Settles Above 15,300 For First Time

Strong corporate earnings have ignited hopes of faster economic recovery while buoyant global markets also aided risk sentiment

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Vodafone Idea Falls After December Quarter Earnings

Vodafone Idea's operating profit or earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter came in at Rs 4,290 crore

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ONGC Gains Over 1% Despite Decline In December Quarter Net Profit

ONGC's quarterly performance was impacted by crude oil and natural gas prices due to the COVID-19 pandemic, as well as volatile global crude oil and natural gas markets

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Nissan Claims No Talks With Apple On Autonomous Car Project

Nissan says it is always open to exploring collaborations and partnerships to accelerate industry transformation

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Wholesale Inflation Quickens To 2.03% In January From 1.22% In December

The index of fuel & power group increased by 5.84 per cent and manufactured products index increased by 1.54 per cent.

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Rupee Goes Up 14 Paise To 72.61 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the local unit opened at 72.61 against the US dollar, registering a rise of 14 paise over its previous close

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GMR Infrastructure Falls After Loss Widens In December Quarter

GMR Infra's Delhi Airport's traffic improved from 4.10 million to 7.55 million sequentially and on an annual basis, traffic declined 60 per cent

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Tesla To Set Up Electric Car Manufacturing Unit In Karnataka

Billionaire Elon Musk's Tesla Inc will set up an electric-car manufacturing unit in Karnataka, according to a government document

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Nureca IPO Opens For Bidding. Here Are Key Things To Know

A total of up to 75 per cent of the issue will be reserved for qualified institutional buyers, up to 10 per cent for retail investors and the rest 15 per cent for the non-institutional category

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Why Oil Companies Are Eyeing Spot Crude From Africa, North America

Spot crude imports into the world's third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant Facts Global Energy

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Sensex Gains Over 500 Points To Touch 52,000, Nifty Above 15,250

Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery

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Petrol, Diesel Prices Touch New Highs; Petrol Nears Rs 89 In Delhi

In Delhi, the price of petrol was hiked by 26 paise to Rs 88.99 per litre and diesel was increased by 29 paise to Rs 79.35 per litre, according to Indian Oil Corporation

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Sensex, Nifty Likely To Open Firm On Favourable Global Cues

Asian shares advanced to record highs on Monday as successful coronavirus vaccine roll-outs globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington

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RailTel Corporation's Rs 820 Crore IPO To Open On Tuesday

RailTel Corporation IPO: The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for employees

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Nureca IPO To Open Tomorrow

Nureca IPO: A total of up to 75 per cent of the issue will be reserved for qualified institutional buyers, up to 10 per cent for retail investors and the rest 15 per cent for non-institutional...

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Petrol, Diesel Prices Touch New Highs; Petrol Scales Rs 95 Mark In Mumbai

In Delhi, the price of petrol was hiked by 29 paise to Rs 88.73 per litre and diesel was increased by 32 paise to Rs 79.06 per litre, according to Indian Oil Corporation

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Unitholders Gave Consent To Windup Six Schemes Of Franklin Templeton

Franklin Templeton Mutual Fund had closed six debt mutual fund schemes on April 23 last year citing redemption pressure and lack of liquidity in the bond market.

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ONGC Net Profit Slumps 67% To Rs 1,378 Crore In December Quarter

ONGC Q3 Results: The standalone revenue from operations slipped 28 per cent in the third quarter toRs 17,023.80 crore, compared to Rs 23,710.05 crore in the year-ago period.

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Canada's Securities Regulator Clears Launch Of World's First Bitcoin ETF

The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement

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RBI Tightens Investment Rules For Shadow Banks To Stop Money Laundering

The move comes days after the central bank had proposed tighter, bank-like regulation of the so-called shadow lending sector to prevent the turmoil caused by the collapse of an infrastructure...

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Petrol, Diesel Prices At All-Time Highs, Hiked For Fifth Day In A Row

Petrol, Diesel Prices Today: In Delhi, the price of petrol was hiked by 30 paise from Rs 88.14 to Rs 88.44, and diesel was increased by 35 paise from Rs 77.38 to Rs 78.74 per litre

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Grasim's Profit After Tax Jumps To Rs 1,384 Crore in Q3

Consolidated revenue for the quarter was up 13 per cent to Rs 20,986 crore from Rs 18,617 crore in the same period last year

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Consumer Inflation Eases To 16-Month Low In January As Food Prices Slump

Consumer price inflation in the country eased to4.06 per cent in January 2021 from 4.59 per cent in December 2020, amid a sharp decline in food prices. Consumer inflation in January 2021, fell to a...

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Industrial Production Grows 1% In December 2020

Index of Industrial Production, December 2020: Manufacturing sector output grew by 1.7 per cent, mining output contracted 4.8 per cent, while power generation grew 5.1 per cent

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Retail Inflation Eases To 4.06% In January Amid Decline In Vegetable Prices

Consumer Inflation, January 2021: Retail inflation in January eased to 4.06 per cent due to a decline in vegetable prices, according to government data released on Friday

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Budget 2021 Provides Stimulus For Long Term Sustainable Growth: Finance Minister

Finance Minister Nirmala Sitharaman also said that infrastructure creation, continuing reforms, and transparency of accounts are major features of this year's budget.

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Rupee Gains Higher To Settle At 72.75 Against Dollar Ahead Of Consumer Inflation Data

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.79 against the dollar and registered an intra-day high of 72.75

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Voltas Profit Rises 47% To Rs 129 Crore In December Quarter

The revenue from unitary cooling products for comfort and commercial use segment increased by 40 per cent.

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Sensex, Nifty End Little Changed; ITC Falls, ICICI Bank, Infosys Gain

Six of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Bank index's over 1 per cent gain

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Core Sector Output Declines 1.3% In December 2020

Only the coal and electricity sectors clocked positive growth in December 2020

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Sensex, Nifty Trade Flat As ITC Shares Fall, Infosys Gains

Up to Thursday's close, the index had gained only about five per cent in February, a month in which the Nifty 50 and most other sectors have seen double-digit gains.

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Sensex Rises Over 200 Points, Nifty Above 15,200 Led By Banks

The Sensex rose as much as 273 points to hit an intraday high of 51,804.58 and Nifty 50 index was trading above important psychological level of 15,200.

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Aviation Stocks Soar As Centre Raises Cap By Up To 30%

Apart from IndiGo, no domestic airline has been able to deploy even 70 per cent capacity against the year-ago period

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Petrol, Diesel Prices At All-Time Highs, Hiked For Fourth Straight Day

In Delhi, the price of petrol was hiked by 29 paise from Rs 87.85 to Rs 88.14, and diesel was increased by 35 paise from Rs 77.03 per litre to Rs 78.38 per litre, according to Indian Oil Corporation

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ITC Shares Falls After Profit Drops 11% In December Quarter

ITC Share Price: The shares of ITC Limited had opened the trading session at Rs 225.95, touching an intra day of Rs 225.95, and a low of Rs 217.00, so far.

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Clubhouse, Elon Musk's Buzzy Hangout, Drives Billions To Chinese Startup

Agora has soared more than 150% since mid-January when online chatter began to circulate about how it powers the world's hottest new social media forum

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RBI Currency Strategy Draws More Hot Money To India, Spurs Vicious Cycle

RBI's balancing act to keep the rupee stable amid heavy foreign inflows while also keeping excess liquidity in check is flooding the market with more foreign funds

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Government's Budget Transparency May Help India Join Global Bond Indices

India's admission of a record budget deficit is drawing praise from investors, who see it as baby steps to making data out of Asia's third-largest economy less opaque

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Sensex Rises Over 150 Points, Nifty Reclaims 15,200 Led By Gains In Infosys

Infosys, HDFC Bank, Reliance Industries, HCL Technologies and Bajaj Finance were among the top movers in the Sensex.

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Sensex, Nifty Set To Open Marginally Lower; ITC, Sun Pharma In Focus

ITC, the country's largest cigarette maker will be in focus after it reported that its annual net profit declined 12 per cent to Rs 3,663 crore

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Stocks To Watch: ITC, Sun Pharma, Power Grid, SpiceJet, IndiGo

SGX Nifty or commonly known as Singapore Nifty fell 22 points or 0.14 per cent to 15,175

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Bitcoin Surges To All-Time High Of $48,481 After BNY Mellon Annoucement

Bitcoin Vs Dollar: Bank of NY Mellon said it had formed a new unit to help clients hold, transfer and issue digital assets.

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ITC Net Profit Falls 11% To Rs 3,587 Crore In December Quarter

ITC Limited Q3 Results: The consolidated revenue from operations rose to Rs 14,124 crore during the third quarter of the financial year, compared to Rs 13,307 crore in the year-ago period

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Indian Railways Rolls Out First AC-3 Tier Economy Class Coach: 10 Points

Indian Railways rolled out its first air-conditioned three-tier economy class coach on Wednesday, February 10. The Railway Ministry has pegged the new economy class coach to be the cheapest and best...

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Passenger Vehicle Sales Up 11% To 2.76 Lakh Units In January

SIAM said two-wheeler sales went up by 6.63 per cent last month. The increase in sales for sixth consecutive month was due to pent-up demand and sustained preference for personal mobility.

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Rupee Slips Marginally To 72.87 Against Dollar After Flat Opening

At the interbank forex market, the local unit opened at 72.81 against the greenback and witnessed an intra-day high of 72.65 and a low of 72.87.

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Sensex Rises 222 Points, Nifty settles Above 15,150 Led By Reliance

Reliance Industries was top Nifty gainer, the stock rose over 4% and added more than 250 points towards gain in the Sensex

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Hindalco Gains Over 5% After Net Profit Surged 90% In December Quarter

Hindalco Share Price: Hindalco Industries, an Aditya Birla Group company, posted a net profit of ₹2,021 crore in the third quarter of the current fiscal, driven by strong domestic business

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Aditya Mittal To Be New Chairman And CEO Of ArcelorMittal

Lakshmi Mittal will become executive chairman of the Luxembourg-based company, and continue to lead the Board of Directors and work together with the CEO and management team.

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ArcelorMittal Names Aditya Mittal CEO, Resumes Dividend Payouts

The new CEO is the son of the founder of the steelmaking giant, Lakshmi Mittal, 70, who takes on the role of executive chairman

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Larsen & Toubro's Arm Wins Order From UP, Mauritius Metro Projects

Larsen & Toubro informed exchanges that its construction arm L&T Construction secured an order to extend the mainline corridor of the Mauritius Metro

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Titan Falls Over 2% After Net Profit Drops 11% In December Quarter

Titan Company Share Price:

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Bata India Falls After Profit Drops Nearly 80% In December Quarter

On a sequential basis, Bata India swung to profit as it reported net loss of Rs 44 crore in quarter ended September 2020.

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RailTel Corporation's Rs 820 Crore IPO To Open on February 16

The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for the company's employees

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J B Chemicals Surges 12% On Strong December Quarter Earnings

JB Chemicals' earnings before interest, taxes, depreciation and amortization (EBITDA) or operating profit climbed 90 per cent

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TCS Launches Business Unit with Amazon Web Services; Stock Edges Lower

TCS AWS business unit is a full-stack, multidisciplinary group that offers enterprise customers end-to-end services and solutions around cloud migration, application and data modernization

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BPCL To Buy Out Oman Oil's Stake In Bina Refinery

BPCL has a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh

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Sensex Flat Around 51,250 Amid Choppy Trading; Steel Stocks See Buying

Stocks were flat in early trading in Asia on Thursday as investors kept tapping the brakes on runs in asset prices after taking in tepid U.S. inflation data

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Stocks To Watch: TCS, Aurobindo Pharma, Titan

Aurobindo Pharma reported an over four-fold jump in consolidated net profit to Rs 2,946.32 crore for the quarter ended December 2020, mainly on account of exceptional gains

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Petrol, Diesel Prices Hiked For Third Straight Day, Touch New Highs

The price of petrol was hiked by 25 paise to Rs 87.85 per litre and diesel was increased by 30 paise to Rs 78.03 per litre in Delhi, according to Indian Oil Corporation

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Sensex, Nifty Likely To Have A Weak Opening

The S&P 500 and the Nasdaq edged slightly lower on Wednesday as big tech stocks slid amid an ongoing rotation of portfolio holdings

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Customs Duty On Gold, Silver Slashed From 12.5% To 7.5%: Should You Buy?

Experts believe that the reduction in customs duty for gold and silver, announced as part of Budget 2021 by the Finance Minister, will result in cheaper prices for the precious metals

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Delhi Metro's Kashmere Gate Station Now Has Record 47 Escalators

Kashmere Gate station is the only multilayered triple interchange station of the Delhi Metro network that provides an interchange facility between the Delhi Metro Red, Yellow, and Violet lines

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High Fiscal Deficit To Pose Challenge In Lowering Debt To GDP Ratio: Report

Fitch Ratings estimated India to clock an 11 per cent growth in the fiscal beginning April and then grow at 6.5 per cent a year through to 2025-26 fiscal.

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Rupee Settles Flat To 72.84 Against Dollar Amid Muted Domestic Equities

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.87 against the dollar and registered an intra-day high of 72.81

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SpiceJet's Net Loss Halves To Rs 57 Crore In December Quarter

SpiceJet's passenger revenue improved by 73 per cent on a quarter-on-quarter basis through charters, aggressive network and sales strategies

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Sensex, Nifty End Volatile Session Marginally Lower Dragged By HDFC Bank

The Sensex and Nifty have gained more than 10 per cent in February on optimism from a high-spending budget and upbeat corporate earnings

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Eicher Motors Profit Rises 7% To Rs 532.6 Crore In December Quarter

Eicher Motors Q3 Results: The company's revenue from operations rose 19.3 per cent year-on-year to Rs 2828.3 crore in the October-December quarter of the current financial year

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SBI Plans To Double Its Home Loan Portfolio In Next Five Years

The lender's home loan book has grown by five times in the last decade from 86,000 crore rupees in 2011.

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Hindalco Profit Rises 90% To Rs 2,021 Crore In December Quarter

Hindalco Industries Q3 Results: The company's revenue from operations in the quarter stood at Rs 34,958 crore in the October-December quarter.

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Sensex Drops Over 300 Points, Nifty Below 15,000 On Profit Taking

Seven of 11 sector gauges compiled by the National Stock Exchange were trading loser led by the Nifty Private Bank index's 1.3 per cent decline

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Retail Inflation In January Likely Softened To Lowest Since October 2019: Report

The Feb 5-9 poll of 50 economists showed retail inflation fell to 4.45% in January from December's 4.59%

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Tata Consultancy To Recruit 1,500 Tech Employees In UK

The announcement followed Monday's meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO, Rajesh Gopinathan, TCS said in a release to the stock exchanges

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Sensex, Nifty Erase Gains Led By Losses In Reliance Industries, Infosys

Eight of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Private Bank index's 0.5 per cent decline

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Max Financial Services Surges Over 8% Post Q3 Numbers

Max Financial Services reported a 54 per cent jump in consolidated net profit to Rs 227 crore in the third quarter ended December 2020 from Rs 147 crore in the year-ago period

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Tata Steel Gains After Swinging To Profit In December Quarter

During the quarter Tata Steel's consolidated EBITDA or operating profit increased 53 per cent sequentially and 2.6 times annually to Rs 9,540 crore

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India's 6-Step Stock-Market Warning System To Check GameStop-Like Gains

Rules created by the Securities and Exchange Board of India together with the nation's exchanges are aimed at preventing unwarranted price swings and manipulation of stocks

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Opinion: An RBI Move That Could Lead To Digital Currency In India

The idea of a central bank digital currency, which will reside on smartphones but as a direct claim on the state (rather than a bank) is gaining ground everywhere

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Sensex Gains Over 100 Points; Tata Steel In Focus Post Q3 Results

Tata Steel gained nearly 2 per cent on the BSE after the steel majorposted a net profit of Rs 3,989 crore in the third quarter of the current financial year as compared to a net loss of Rs 1,228.53...

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South Korean Boy Investor With 43% Gains Is New Retail Trading Icon

Watching the business news first thing is a new routine for 12-year-old South Korean Kwon Joon, as he dreams of becoming the next Warren Buffett

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Fuel Prices At New Highs On Wednesday; Petrol Well Above 87 Mark In Delhi

The price of petrol was hiked by 30 paise from Rs 87.30 per litre to Rs 87.60 per litre and diesel rate was increased to Rs 77.73 per litre in Delhi, according to Indian Oil Corporation

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Sensex, Nifty Set To Open Firm

Asian stocks inched higher on Wednesday as upbeat Wall Street earnings and optimism about a global recovery supported sentiment

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Tata Steel Posts Net Profit Of Rs 3,989 Crore In Q3, Revenue Up 11%

Tata Steel Q3 Results: During the October-December quarter of the financial year, Tata Steel witnessed the highest-ever quarterly consolidated operating profit of Rs 9,540 crore

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Structural Reforms Needed To Remove Barriers In Infrastructure: Experts

Budget 2021: The Finance Minister announced the creation of a development finance institution - National Bank for Financing Infrastructure and Development, with a capital base of ₹20,000 crore

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SBI Offers These Interest Rate On Fixed Deposits Below Rs 2 Crore

SBI Fixed Deposit interest rates: Currently, SBI offers retail domestic term deposits in eight options of terms, ranging from seven days to 10 years.

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India Post Offers These Interest Rates On Small Savings Schemes

Income tax benefits are available on Time Deposit (TD), Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF) and National Savings Certificates (NSCs).

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Bitcoin Powers Towards $50,000 As Elon Musk's Tesla Takes It Mainstream

The most popular cryptocurrency has gained 1,150 per cent from March 2020 lows as institutional investors search for alternative wealth stores and retail traders ride the wave.

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Rupee Gains To 72.87 Against Dollar Even As Domestic Markets Restricted Gains

Rupee Vs Dollar: At the interbank foreign exchange, the domestic unit opened higher at 72.87 against the dollar and touched an intra day high of 72.85

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Government To Launch Bill On Cryptocurrency As Existing Laws Inadequate

Replying to a question in the Upper House, Thakur said regulatory bodies like RBI and Sebi do not have any legal framework to directly regulate crypto currencies

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Bitcoin Shoots Higher To $48,216 In A Dizzying Rally After Tesla's Investment

Bitcoin Vs Dollar: Bitcoin achieved a fresh all-time high record on Tuesday, February 9, trading over $47,000 and climbing as high as $48,143 against the US dollar after Elon Musk's electric vehicle...

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Sensex, Nifty Snap Six-Day Budget Rally On Profit Booking

The Indian equity benchmarks snapped their six-day Budget rally on Tuesday as investors booked profits at record highs, analysts said.

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LPG Rates Hiked: Here's How Much You Pay For A Cylinder Now

LPG Gas Cylinder Price: Non-subsidised LPG rates were hiked by Rs 25 in each of the four metro cities and the changes were implemented with effect from February 4, 2021

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India's Solar Energy Generation Could Match Coal-Fired Power By 2040

"Solar power is set for explosive growth in India, matching coal's share in the Indian power generation mix within two decades," the IEA said in its India Energy Outlook 2021 released on Tuesday.

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Apple Supplier Wistron Says Looking To Re-Start Violence-Hit Kolar Factory

Wistron was working hard to raise standards and fix issues at the plant in Kolar district, the Taiwanese company said in a statement.

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Nureca IPO To Open Next Week. Here Are Things To Know

Nureca's public offer will be open for subscription between February 15 and February 17, and the shares will be sold in the price band of Rs 396-400 apiece

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Sensex Surges Over 400 Points, Nifty Above 15,200 For First Time

The benchmark stock indexes hit multiple all-time highs in recent sessions as investors cheered last week's high-spending and growth-focused budget aimed at reviving the economy

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Future Group Shares Soar After Court Lifts Hold On Reliance Deal

Future Group,the country's second largest retailer with over 1,700 stores, had agreed to sell its retail businesses to market leader Reliance last year

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Company With Almost No Revenue Posts 3,000% Gain In 8 Months, Beats Tesla

And if investors are certain of one thing in the mania that is sweeping through financial markets, it is that green companies are can't-miss, must-own investments of the future

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Sensex Gains Over 200 Points, Nifty Above 15,100

Wall Street at closed at all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis

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Stocks To Watch: Future Retail, BPCL, Torrent Pharma

The Delhi High Court on Monday quashed an order that halted Future Group's Rs 24,713 crore deal to sell its assets to Reliance Industries, amounting to a setback to Amazon.com's efforts to block the...

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Petrol, Diesel Prices Hiked By 35 Paise On Tuesday

The price of petrol was hiked by 35 paise to Rs 87.30 per litre and diesel rate was increased by a similar amount to Rs 77.48 per litre in Delhi, according to Indian Oil Corporation

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Sensex, Nifty Set To Have A Positive Opening

Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis, driven by increased stimulus and an...

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Court Lifts Hold On Future's Retail Deal In Setback For Amazon: Report

A two-judge bench hearing Future's appeal on Monday put on hold the previous ruling, which had effectively stalled the mega retail deal.

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Aditya Birla Fashion Swings To Profit In December Quarter

Aditya Birla Fashion posted operating profit or earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 422 crore

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Infosys Ties Up With Spirit AeroSystems To Integrate Its IT Infrastructure

The partnership will enable Spirit AeroSystems to empower stakeholders by transforming business applications and facilitating agile, resilient operations on the cloud, Infosys said.

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Sensex, Nifty Rally For Sixth Session In A Row; Close At Record Highs

Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Auto and Metal indexes' over 3% gain

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Paypal To Shut Domestic Payments Business In India

"From 1 April 2021, we will focus all our attention on enabling more international sales for Indian businesses, and shift focus away from our domestic products in India," the San Jose,...

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Sensex, Nifty Hover Near Record Highs Led By Auto, Metal Shares

Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index's 2.5 per cent gain

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HDFC Bank Offers Up To 5.5% Interest On Fixed Deposits. Check Rates Here

HDFC Bank, the country's largest private sector lender, currently offers 5.50 per cent interest on fixed deposit account below Rs 5 crore with tenure of 5 years 1 day - 10 years.

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Government Confident Of Keeping 2021-22 Borrowing Costs Below 6%: Report

The central bank sold only Rs 9,000 crore of bonds versus Rs 31,000 crore it had set out to sell on Friday

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HCL Technologies Employees To Receive Ten Days Salary As Special Bonus

HCL Technologies on Monday announced that its employees across the world, with service of one year or more, will receive special bonus equivalent to ten days' salary.

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Delhi Tycoon's Success In An Area Marked High-Priority By PM Modi

Dixon Technologies boasts a market value of more than $2.5 billion and the capacity to produce about 50 million smartphones this year

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Britannia Industries Slips 1% Post Q3 Results

Britannia Industries, the bakery products and biscuit maker, reported a 22.4 per cent rise in consolidated net profit at Rs 452.6 crore for the third quarter ended December 2020

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Sensex Gains More Than 500 Points, Nifty Reclaims 15,000

Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month

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Stocks To Watch: Maruti Suzuki, BEML, Britannia Industries

Britannia Industries reported a 22.4 per cent rise in consolidated net profit at Rs 452.6 crore for December quarter and total revenue from operations rose 6.13 per cent

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Sensex, Nifty Likely To Open Higher On Strong Global Cues

Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers

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Petrol, Diesel Prices Unchanged On Monday

The price of petrol was unchanged at Rs 86.95 per litre, and diesel rate was untouched at Rs 77.13 per litre in Delhi, according to Indian Oil Corporation

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Petrol, Diesel Prices Unchanged On Monday

The price of petrol was unchanged at Rs 86.95 per litre, and diesel rate was untouched at Rs 77.13 per litre in Delhi, according to Indian Oil Corporation

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Brookfield India Real Estate Trust IPO Subscribed 8 Times

The Canadian alternative investment major Brookfield Asset Management-backed IPO was oversubscribed by nearly 12 times in the retail investors' category, 5 times in the institutional investors'...

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Centre To Offload Stake In Wapcos Through Primary Market Offering

"The government intends to disinvest up to 25 per cent paid-up equity share capital of WAPCOS out of its shareholding of 100 per cent, through an initial public offering in the domestic market," DIPAM...

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Not Selling Family Silver, Have Clear Divestment Strategy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Sunday said the government has devised a clear strategy on divestment for the first time so that taxpayers' money is spent wisely

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Petrol, Diesel Prices Remain Unchanged On Sunday

The price of petrol was unchanged at Rs 86.95 per litre and diesel rate was untouched at Rs 77.13 per litre in Delhi, according to Indian Oil Corporation

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Monetary Policy Review 2021: Here's How The RBI Policy Will Impact Rupee

Monetary Policy Review 2021: The central bank kept the repo rate unchanged at four per cent and the reverse repo rate untouched at 3.35 per cent.

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IRCTC Launches Bus Ticket Booking Service: How To Book Bus Tickets Online

IRCTC Online Bus Ticket Booking: Passengers can now book bus tickets online through the official IRCTC bus ticket booking microsite -http://bus.irctc.co.in.

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Government Allows Additional Borrowing Of Rs 28,183 Crore For Twelve States

The ease of doing business indicator reflects the investment-friendly business climate, according to the Finance Ministry.

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Circle Rates Slashed By 20% For Properties Across All Categories Of Areas In Delhi

Delhi Cabinet, which met under the chairmanship of Chief Minister Arvind Kejriwal, decided to reduce circle rates of properties in residential, commercial and industrial categories in the city by 20...

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Petrol, Diesel Prices Remain Steady On Saturday

In Delhi, the price of petrol was increased by 30 paise to Rs 86.95 per litre and diesel saw an upward revision to Rs 77.13 per litre, according to Indian Oil Corporation

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Indian Railways Asked To Rationalise Freight And Passenger Fares Over Losses

The committee has also suggested that therailwaysshould strengthen their planning, managementandmonetary mechanismstoearn substantial non-fare revenues

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Transparency, Tax Stability Key Principles Of Budget 2021: Finance Minister

Finance Minister said that Budget 2021 provides for higher capital expenditure by the government, but also seeks private sector participation, which has a significant role in growth recovery

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One Nation, One Ombudsman

RBI decided to integrate the three Ombudsman schemes and introduce a centralised processing of grievances following a One Nation One Ombudsman approach

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Rupee Gains Marginally To 72.93 Against Dollar As RBI Keeps Lending Rate Unchanged

Rupee Vs Dollar: At the interbank foreign exchange market, the domestic unit opened at 72.98 against the dollar and registered an intra-day high of 72.80

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Sensex, Nifty Rise For Fifth Session, End At Record Highs Led by Banks

The Sensex ended 117 points or 0.23 per cent higher to close at an all-time high of 50,731.63 and Nifty 50 index advanced 29 points

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Hero MotoCorp Q3: Net Profit Jumps 23% To Rs 1,029 crore In December Quarter

Hero MotoCorp Q3 Results: Revenue from operations rose to Rs 9,776 crore, marking a growth of nearly 40 per cent year-on-year from Rs 6,997 crore in Q3 FY20

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Indian Bond Yields Increase As RBI Keeps Interest Rates Unchanged

The Reserve Bank of India kept rates steady and reiterated that it will continue to support the recovering economy by ensuring ample rupee liquidity in the banking system

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Mahindra & Mahindra's Quarterly Profit Slides 90% As Costs Mount

Profit after tax was 30.93 crore for the quarter ended Dec. 31, compared with Rs 307 crore last year, Mahindra & Mahindra said

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Sensex, Nifty Pull Back From Record Highs As RBI Leaves Rates Steady

Gains on the Nifty 50 were supported by State Bank of India, which surged as much as 15 per cent to a record high

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Stove Kraft Makes Stellar Market Debut, Lists At Premium Of 29%

Shares of Stove Kraft Limited made a stellar market debut on Friday. The stock opened for trading at Rs 498 on the National Stock Exchange,

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RBI Allows Retail Investors To Open Gilt Accounts

This is a major structural reform placing India among select few countries which have similar facilities, RBI Governor said.

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At 10.5%, RBI Pegs Economic Growth Lower Than IMF And Eco Survey

RBI Monetary Policy: The economic growth figure projected by the central bank committee is lower than the figures predicted by the International Monetary Fund and the Economic Survey

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India's GDP Will Grow At 10.5% In FY22, Says RBI Governor

The RBI Governor made this announcement at the end of the Monetary Policy Committee (MPC) meet

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Key Lending Rate Unchanged At 4%; RBI Says "Need Of Hour To Back Growth"

The policy decision comes at the end of the first meeting of the six-member Monetary Policy Committee (MPC) after Budget 2021.

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RBI Governor-Led MPC Keeps Repo Rate Unchanged At 4%

RBI Monetary Policy LIVE Updates: RBI Governor Shaktikanta Das today announced MPCs decision to keep the repo rate and the reverse repo rate unchanged.

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State Bank Hits Life-time High Post December Quarter Results

SBI's asset quality saw an improvement as its gross non-performing assets (NPAs) as a percentage of total advances came in at 4.77 per cent during the December quarter

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Nifty Hits 15,000 For First Time Ahead Of RBI Policy

The Sensex rose as much as 417 points to hit record high of 51,031.39 and Nifty 50 index moved above 15,000 mark for the first time.

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Nifty Set To Open Higher Ahead Of RBI's Monetary Policy Review

Asian markets were also trading higher with Japan's Nikkei up 1.37 per cent and Hong Kong's Hang Seng rising 1.4 per cent

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Stocks To Watch: State Bank, Biocon, HCL Technologies

The country's largest lender State Bank of India, on Thursday said that its net profit in quarter ended December 2020 fell 7 per cent annually to Rs 5,196 crore

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Petrol, Diesel Prices Hiked By 30 Paise On Friday

In Delhi, the price of petrol was increased by 30 paise to Rs 86.95 per litre and diesel saw an upward revision to Rs 77.13 per litre, according to Indian Oil Corporation

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Sovereign Gold Bond Subscription Window Closes Tomorrow; Should You Buy?

Sovereign Gold Bond Scheme 2020-21: Subscribers can even earn an interest on their investment in gold bond scheme, the current series of which is open till tomorrow, February 5

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Gold Prices Today Fall For Fourth Consecutive Day, Silver Rates Drop

Gold Price In India Today: In the national capital, gold rates slipped by Rs 322 to Rs 47,135 per 10 gm amid a decline in global precious metal prices and appreciation of the rupee

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HPCL's Q3 Profit Jumps To Rs 2,355 Crore, Revenue Down 3%

The company also gained about Rs 870 crore on account of foreign currency transactions

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Cognizant Q4 Income Slips 20% to $316 Million, Net Income At $395 Million

Cognizant recorded a revenue of $4.2 billion, down 3 per cent year-over-year for the fourth quarter ended December 2020

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Brookfield India Real Estate Trust IPO Subscribed 22% On Day 2 of Bidding

Brookfield REIT is the country's only 100 per cent institutionally managed public, commercial real estate vehicle

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State Bank Of India Cuts Annual Loan Growth Outlook Amid Weak Corporate Lending

Lower spending by the country's private sector has slowed corporate loan growth and it is unlikely to improve significantly in the last two months of this financial year

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Will The Reserve Bank Tweak Rates On Friday? Key Things To Watch Out For

RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) will announce its policy decision on Friday morning, at the end of a scheduled review that began on Wednesday

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Taxing PF Contribution of More Than 2.5 Lakh Was Corrective Step: Sources

In her budget 2021 announcements, the finance minister had proposed that interest earned on employee's contribution above Rs 2.5 lakh in a year will become taxable in the hands of the employee

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Rupee Settles Flat To 72.96 Against Dollar For Second Straight Session

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.92 against the dollar and registered an intra-day high of 72.90

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NITI Aayog's Next List Of Companies For Disinvestment In Few Weeks

The government think tank has already given five different sets of recommendations on disinvestment.

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Sensex Ends Over 350 Points Higher, Extends Budget Rally To Fourth Day

Since the presentation of Budget on February 1, Sensex has rallied 9.5 per cent and Nifty 50 index has climbed 9.38 per cent.

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Government Warns Rising Oil Prices May Dampen Global Economic Recovery

Global crude oil prices rose to their highest in about a year this week as production cuts by the Organization of the Petroleum Exporting Countries and their allies including Russia tilted the market...

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Rupee Gains 6 Paise To 72.90 Against US Dollar In Early Trade

Rupee vs Dollar: The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.07 per cent to 91.23

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SBI Profit Declines 7% To Rs 5,196 Crore In Q3; Asset Quality Improves

SBI's net interest income or the difference between interest earned and interest expended came in at Rs 28,820 crore versus Rs 27,779 crore in the year ago period.

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Sensex Recovers Over 500 Points From Day's Low; SBI Rises Ahead Of Q3

Mid- and small-cap shares were also witnessing buying interest as the Nifty Midcap 100 index rose 1.1% and Nifty Smallcap 100 index climbed 1.5%.

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New Order On Kishore Biyani Won't Hit Reliance Deal, Says Future Retail

Future Retail said in a statement that the sanction by the securities regulator against its founder won't affect its plan to sell retail assets to Reliance Industries

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Apollo Tyres Hits 52-Week High As Profit More Than Doubles In Q3

Apollo Tyres revenue from operations rose 17 per cent to Rs 5,153 crore versus Rs 4,399 crore in the corresponding period a year ago

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Reliance Industries' Subsidiary To Sell Marcellus Shale Assets

Reliance Industries said that its unit will sell its interest in upstream assets in the Marcellus shale play of south-western Pennsylvania in United States to Northern Oil and Gas Inc for $250 million

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Bharti Airtel Gains Nearly 1% On Turnaround Q3 Results

Bharti Airtel, the Gurugram-based telecom giant, reported consolidated net profit of Rs 853.60 crore in October-December period compared with a loss of Rs 1,035.30 crore during the same quarter in...

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Sensex, Nifty Edge Lower; Bharti Airtel Rises After Q3 Earnings

Six of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Private Bank index's over 1 per cent decline

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Sensex, Nifty Set To Open On Flat Note; NTPC, Hero MotoCorp In Focus

World shares rose on Wednesday as volatility caused by a retail trading frenzy on Wall Street subsided on expectations of tougher regulation

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Stocks To Watch: Bharti Airtel, Reliance Retail, HCL Technologies

Bharti Airtel swung to quarterly profit in the December quarter, reporting consolidated net profit of Rs 853.60 crore compared with a loss of Rs 1,035.30 crore during the same quarter in 2019

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Petrol, Diesel Prices Hiked By 35 Paise On Thursday

In Delhi, the price of petrol was increased by 35 paise to Rs 86.65 per litre and diesel saw an upward revision to Rs 76.83 per litre, according to Indian Oil Corporation

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Tax Holiday For Housing Projects, Startups: Key Tax Highlights Of Budget 2021

Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have...

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Gold Prices Today: Yellow Metal Trades Below Rs 47,750, Silver Rates Plunge

Gold Price Today: Domestic spot gold closed at Rs 47,976 per 10 grams on Wednesday, and silver at Rs 67,496 per kilogram

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SEBI Bars Future Group's CEO From Securities Market In Insider Trading Case

Securities and Exchange Board of India barred Future Group Chief Executive Kishore Biyani and his brother Anil from accessing the securities market for one year

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Adani Enterprises Net Profit Falls 10% To Rs 343.7 Crore In December Quarter

Adani Enterprises Q3 Results: The total expenses increased to Rs 11,303.97 crore in the December quarter as compared to Rs 10,635.16 crore in the year-ago period

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Bharti Airtel Swings To Profit On Higher Data Usage, Subscriber Gains

Bharti Airtel clocked highest quarterly revenue in third quarter of current financial year, and revenue from operations rose 24 per cent on a year-on-year basis to Rs 26,517.80 crore

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Bids Open For New Delhi Station Redevelopment: Adani, GMR, Others In Fray

New Delhi Railway Station Redevelopment: According to Rail Land Development Authority, the redevelopment project is expected to incur a capital expenditure of around $ 680 million

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Rupee Settles Flat To 72.95 Against Dollar Amid Firm Domestic Equities

Rupee Vs Dollar: At the interbank foreign exchange market, the domestic unit opened at 72.96 against the dollar and witnessed an intra-day high of 72.92

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Sensex Gains 450 Points, Nifty Above 14,750; Extending Post-Budget Rally

All the BSE sectoral indices ended in the green, with the exception of the realty index; the BSE Healthcare and metal indices zoomed around 3 per cent each

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Sensex At Record Highs, Up 700 Points; Pharma, Metal Stocks Lead Gains

The broader markets outperformed the large-cap counterparts, with the BSE Midcap index and BSE Smallcap index gaining around 1.5 per cent each

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HDFC Gains 2.23% On Jump In Q3 Net Profit

HDFC Share Price: Amid strong demand for home loans, HDFC registered profit of Rs 2,926 crore in the October-December quarter of the current financial year

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Services Sector Expands, Business Optimism Touches 11-Month High: Report

The seasonally-adjusted India Services Business Activity Index rose from 52.3 in December to 52.8 in January, pointing to a quicker expansion in output.

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RBI Maintains Low Rates, Liquidity Stance To Be Closely Watched By Markets

With rates expected to remain steady, most economists and analysts regarded the RBI's views on liquidity as crucial.

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Infosys Gains Over 1% On Bagging Digital Transformation Contract

Infosys will collaborate with Siemens Gamesa Renewable Energy to digitally transform its operations by implementing SAP S/4HANA in 50+ countries

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Future Retail Shares Slump 4.99% After Amazon Gets Interim Relief In Retail Deal

Future Retail Stock Price: On Wednesday, Future Retail opened on the BSE at Rs 78.1 and touched an intra day and low of Rs 78.1 and Rs 78.1 respectively

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Home First Finance Debuts At 619, A Premium of 19% On BSE

The Home First Finance IPO consisted of a fresh issue of Rs 265 crore and an offer for sale of Rs 888.72 crore by promoters and current shareholders

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Sensex Down 200 Points, Nifty Near 14,700 Amid Choppy Trading

The BSE Sensex touched a record high of 50,231.39 at opening bell, continuing with the rally that started on Budget Day, but was unable to sustain its gains

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Stocks To Watch:Future Retail, HDFC,Infosys,Tata Consumer Products

The Delhi high court halted Future Group's sale of its assets to Reliance Industries Ltd (RIL), handing a tentative win to Amazon.com Inc

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Petrol, Diesel Prices Remain Unchanged On Wednesday

In Delhi,the price of petrol remained unchanged at Rs 86.30 per litreand diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation

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Sensex, Nifty Set To Have A Firm Opening

Asian markets moved higher during early trading as governments around the world looked poised to boost spending to help economies recover from the coronavirus and vaccine roll-out programs accelerated

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Key Sector-Wise Highlights Of Nirmala Sitharaman's Budget 2021

Budget 2021: Finance Minister Nirmala Sitharaman presented Budget 2021 on February 1, 2021, in the Lok Sabha, aimed at reviving the economy battered by the coronavirus pandemic. Ms Sitharaman said...

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Budget 2021 Highlights: Healthcare, Better Infra, Bank Privatisation

Finance minister Nirmala Sitharaman doubled healthcare spending to Rs 2,23,846 crore and and set aside Rs 35,000 crore for developing two Covid vaccines

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Agriculture Tax Increase On Crude Palm Oil Imports Could Reduce Shipments

India's palm oil imports have been rising since December 2020 after the country had cut its import tax on the oil to 27.5 per centin late November.

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Rs 95,000-Crore Disputed Amount Settled Under Vivad Se Vishwas: PC Mody

The entities who opt for the scheme have to pay a requisite tax following which all litigation against them are closed by the tax department and penal proceedings dropped.

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Budget Focuses On Bringing Down Fiscal Deficit To 6.8% By Next Fiscal

Budget 2021: As part of healthcare spending, Budget 2021 allocated Rs 35,000 crore for Covid-19 vaccine.

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Indian Oil May Form Subsidiary For Retail Assets To Unlock Value

IOC operates a pipeline network of 14,600 kilometres with a capacity to transport 94.42 million tonnes per annum of crude and fuels and 21.69 million cubic metres per day of gas.

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Rupee Gains Marginally To Settle At 72.96 Against Dollar

Rupee Vs Dollar: At the interbank foreign exchange market, the domestic unit opened on a flat note at 73.02, and gained ground to achieve an intra-day high of 72.92

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India's Diesel Sales Record Slowest Decline In Three Months: Report

Local diesel sales by state-run refiners have been falling since March when coronavirus-related restrictions slammed industrial activity and mobility

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HDFC Q3 Profit At Rs 2,926 Crore On Strong Demand For Home Loans

HDFC recorded 26 per cent growth in individual loan disbursements during the quarter ended December 31, 2020

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Tax Reduction On Hotel Rooms To 12% Seems Unlikely

GST Council decides the rate of taxation after taking into consideration the factors affecting various segments of business as well as to ensure optimum revenue generation required for overall...

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Sensex Hovers At 49,700; Financials, Capital Goods Stocks Lead Gains

The NSE Capital goods index zoomed over 3 per cent as Finance Minister Nirmala Sitharaman unveiled a slew of projects aimed at rejuvenating the infra sector

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Wider Fiscal Deficits Could Pressure Government's Sovereign Ratings: Fitch

Fitch said higher infrastructure and expenditure will support near-term recovery alongside falling coronavirus cases and the vaccine rollout, and possibly reduce longer-term economic scarring

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What Women Received From Budget 2021: Gender Budget Rises 6.8%

The allocation for Pro-Women Schemes - those with at least 30 per cent allocation for women - has risen from Rs 1,14,893 crore to Rs 1,28,065 crore - an increase of 11.46 per cent

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HDFC Bank Hits Record High After RBI Appoints Firm To Audit IT Operations

HDFC Bank shares changed hands on the BSE compared with an average of 4.80 lakh shares traded daily in the past two weeks

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Explainer: How A Gamestop Share Pullback Could Hurt Some Investors

Shares of GameStop, which had seen a spectacular rally, fell 31% on Monday to close at $225, 53% lower than their Jan 28 peak of $483.

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Opinion: Can Nirmala Sitharaman's Budget Deliver V-Shaped Recovery

The equity market is happy for four main reasons. One, there was no major new tax - or an increase in tax rates - to meet the spending goal.

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Nifty Bank Index Hits Record High On Divestment Plans

The Finance Minister Nirmala Sitharaman announced the divestment of two public sector undertaking (PSU) banks in FY22 and proposed a bad bank to house loans gone sour

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Indigo Paints Makes Stellar Stock Market Debut, Lists At Premium Of 75%

Indigo Paints shares were in huge demand during the three-day share sale via IPO as the issue was subscribed a whopping 117 times.

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Auto Stocks Extend Gains On Vehicles Scrappage Policy

Under the voluntary vehicle scrapping policy, personal vehicles would undergo a fitness test after 20 years, whereas commercial vehicles would need to take it after completing 15 years

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Sensex Surges Over 1,400 Points, Nifty Above 14,550 Led By Banking Shares

Buying was visible across sectors as all the 11 sector gauges compiled by the National Stock Exchange were trading higher

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Sensex, Nifty Set To Open Higher; HDFC In Focus Ahead of Earnings

Asian stock markets extended gains on Tuesday on increased optimism about stimulus packages and global economic recovery.

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Stocks To Watch: Hero MotoCorp, Coal India, Eicher Motors, Castrol India

Hero MotoCorp's sales in January 2021 fell 3.14 per cent to 4,85,889 units from 5,01,622 units; domestic sales declined 4.15 per cent at 4,67,776 units, while exports rose 33.6 per cent YoY to 18,113...

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Petrol, Diesel Prices Remain Unchanged On Tuesday

In the national capital, the price of petrol remained unchanged at Rs 86.30 per litre and diesel was steady at Rs 76.48 per litre, according to Indian Oil Corporation

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