Infrastructure Output Shrinks 8.5% In August

Infrastructure production is determined by taking into account activity in eight sectors including coal, crude oil and electricity.

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Income Tax Department Refunds Rs 1.18 Lakh Crore To Assessees Since April

Refunds of Rs 32,230 crore have been issued in 31,75,358 cases, the Income Tax Department said.

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Gold Price Eases To Rs 50,183, Silver Near Rs 60,530 As Global Rates Fall

Gold And Silver Rate Today: MCX gold futures dropped by Rs 469 to Rs 50,183, whereas silver futures slumped to as low as Rs 60,530, Rs 1,936 lower compared to their previous close.

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Crude Oil Extends Losses As Rising COVID-19 Cases Spur Demand Concerns

The November Brent contract expires today, to be replaced by the December contract, which was down around 0.5 per cent at $41.36.

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Eight Core Industries Output Contracts For Sixth Month In A Row In August

Barring coal and fertiliser, all sectors -- crude oil, natural gas, refinery products, steel, cement and electricity -- recorded negative growth in August.

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Last Date For Filing Belated Income Tax Return Extended To November 30

Until now, the due date for furnishing these income tax returns (ITRs) was September 30.

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Gold Set For Worst Month In 4 Years As Dollar Rises

For the quarter, bullion is on track for its eighth straight gain.

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Sensex, Nifty End Flat; Metal Shares Fall, FMCG Stocks Gain

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

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Sensex Jumps Over 400 Points From Day's Low As Markets Rebound

Stock Market Updates: Dr Reddy's Laboratories, Titan, Tech Mahindra, Nestle and Hindustan Unilever, trading between 2.38 per cent and 3.01 per cent higher, were the top percentage gainers in the...

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Government Extends Deadline For Initial Bids To Buy BPCL

Government said on Wednesday it has extended the deadline for submitting initial bids to buy state-owned Bharat Petroleum Corp Ltd to November 16.

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India's Current Account Surplus Rises To $19.8 Billion In June Quarter

The country's current account surplus rose to $19.8 billion in the June quarter as merchandise imports declined amid the COVID-19 pandemic.

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Sensex Falls Over 100 Points, Nifty Slides Below 11,200 Amid Choppy Trade

Stock Market Updates: Share markets elsewhere in Asia slipped, and the dollar was under pressure, on Wednesday as the US began its presidential debate.

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What Changes In Your Health Insurance Policy From October 1: 5 Points

IRDAI New Health Insurance Rules Implementation from 1st Oct 2020: The changes are aimed at making health insurance plans broader - covering more treatments - and more simplified.

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Reliance Retail Ventures To Sell 0.84% Stake To US-Based General Atlantic

Reliance Industries said the deal with General Atlantic is subject to regulatory and other customary approvals.

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Global Air Traffic To Decline By Two-Thirds This Year, Says Aviation Body

The International Air Transport Association downgraded its 2,020 traffic forecast following a "dismal end to the summer travel season" in northern hemisphere and now expects it to be 66 per cent below...

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Mubadala In Talks To Invest Up To $1 Billion In Reliance Retail: Report

Reliance Retail is on a fund-raising spree and has secured around $1.8 billion in the past few weeks from KKR & Co and Silver Lake Partners.

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Stock Market Update: Sensex Falls Over 50 Points Amid Choppy Trade

Stock Market Updates: Share markets elsewhere in Asia slipped, and the dollar was under pressure, on Wednesday as the US began its presidential debate.

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Rosneft, Aramco Unlikely To Bid For India BPCL Privatisation: Report

Oil majors Rosneft and Saudi Aramco are unlikely to bid for BPCL, sources familiar with the matter said, as low oil prices and weak fuel demand curb their investment plans.

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Reliance Industries gains 1% On Reliance Jio-General Atlantic Deal

The deal gives Reliance Retail a pre-money valuation of Rs 4.29 lakh crore, the Mukesh Ambani-led Reliance Industries said on Wednesday.

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Sensex Falls Over 50 Points Amid Choppy Trade

Share Market Latest Updates: Share markets elsewhere in Asia slipped, and the dollar was under pressure, on Wednesday as the US began its presidential debate.

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Petrol, Diesel Prices Steady On Wednesday

In Delhi, the price of petrol was left unchanged at Rs81.06 per litre and diesel was steady at Rs 70.63 per litre, according to notifications from Indian Oil Corporation.

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Reliance Retail Arm To Sell Rs 3,675-Crore Stake To General Atlantic

The General Atlantic deal marks the latest in a series of investments in Reliance Industries group companies.

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Sensex, Nifty Likely To Have A Positive Start

Asian shares slipped and the dollar was under pressure on Wednesday in the lead up to the first U.S. presidential debate, as financial markets looked to take a measure of both candidates.

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Crude Oil Drops As COVID-19 Count Mounts; US Presidential Debate Looms

The heads of the world's largest trading houses predicted tepid oil demand recovery and flat prices due to the coronavirus pandemic in coming months and possibly even years.

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Gold Edges Up Ahead Of Key US Presidential Debate

Gold has fallen more than 4 per cent this month and is on track for its worst monthly decline since November 2016.

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Sensex, Nifty Break Two-Day Winning Streak As Banking, FMCG Shares Drag

Eight of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's over 2 per cent fall.

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Rupee Ends Marginally Lower At 73.85 Against Dollar

At the current level, the rupee has recovered 3.98 per cent from an all-time low of 76.91, registered in April this year.

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Steel Strips Wheels Gains On Order From European Trailer Market

SSWL added that orders of similar capacity are anticipated from the same customer base as businesses have picked up speed.

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Sensex, Nifty Turn Flat Amid Volatile Trade; Financial Stocks Fall

Share Market Updates: Asian markets largely opened higher, building on newfound momentum after bargain hunters helped a recovery in US markets in the wake of last week's selloff.

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Sensex Falls Over 350 Points From Day's High Dragged By Bank Stocks

Share Market Updates: Equity markets elsewhere in Asia largely moved higher, building on newfound momentum after bargain hunters helped a recovery in US markets in the wake of last week's selloff.

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Tata Group Shares Rise Over 1% On Reports Of Possible Tie-Up With Walmart

Reports suggest that Walmart Inc is in talks with Tata Group for a potential investment of up to $25 billion in the Indian salt-to-software conglomerate's proposed super app.

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Sensex, Nifty Give Up Most Of Day's Gains Amid Volatile Trade

Share Market Updates: Asian markets have been buoyed by positive signs around China's economic recovery, although the coronavirus pandemic continues to wreak economic havoc globally and raise concern...

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Sensex Up Over 100 Points, Nifty Holds 11,250 Amid Choppy Trade

Share Market Updates: Asian markets have been buoyed by positive signs around China's economic recovery, although the coronavirus pandemic continues to wreak economic havoc globally and raise concern...

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Walmart In Talks To Invest $25 Billion In Tata Group "Super App": Report

The super app aims to create a digital services behemoth offering a wide range of products in the retail space, Mint said.

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Likhitha Infrastructure IPO Opens Today. Here Are Some Key Facts

The public offering consists of a fresh issue of up to 51 lakh equity shares, amounting to 25.86 per cent of the company's post issue paid-up equity capital.

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Mazagon Dock Shipbuilders IPO Opens For Subscription. Things To Look Out For

The government, which has 100 per cent ownership of the company, expects to offload 15.17 per cent stake and garner Rs 444 crore in the share offering, at the higher end of the price band.

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UTI AMC Public Offer Opens For Bidding. Key Things To Know

The IPO comprises sale of 30.75 per cent stake by existing shareholders, including State Bank of India, Life Insurance Corporation, Bank of Baroda, Punjab National Bank and T Rowe Price International.

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Sensex Up Over 100 Points, Nifty Holds 11,250 Amid Choppy Trade

Share Market Latest Updates: Asian markets have been buoyed by positive signs around China's economic recovery, although the coronavirus pandemic continues to wreak economic havoc globally and raise...

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Sensex Opens Over 150 Points Higher, Nifty Inches Towards 11,300

Share Market Updates: Strong buying interest in banking, financial services, automobile, metal and energy stocks supported the markets.

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Diesel Prices Cut For Fifth Straight Day, Petrol Steady On Tuesday

In Delhi, the price of diesel was lowered to Rs 70.63 per litre from Rs 70.71 per litre, but petrol prices were left unchanged at Rs 81.06 per litre, according to Indian Oil Corporation.

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Low Diesel Demand Hits Bharat Petroleum's Crude Runs, Ups Petrol Imports

India's recent spot demand provided support to the Asian petrol market.

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Sensex, Nifty Likely To Have A Subdued Opening

Share Market Update: Australian S&P/ASX 200 futures were up 0.64 per cent in early trading, while Japan's Nikkei 225 futures rose 0.21 per cent. Hong Kong's Hang Seng index futures were up 0.61 per...

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Amazon To Hold Prime Day Sale Event On October 13-14

The company earlier this year postponed the two-day shopping event, started in 2015 to drum up sales during the summer shopping lull, due to the COVID-19 pandemic.

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Top Apple Suppliers To Commit $900 Million To Smartphone Incentive Plan: Report

Foxconn, Wistron and Pegatron all plan to make investments under the scheme, said the sources, who asked not to be named as the discussions are private.

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RBI Okays 3-Member Committee Of Directors To Manage Lakshmi Vilas Bank

The panel of three independent directors will manage the day-to-day affairs at the Chennai-based lender and exercise discretionary powers of the managing director and CEO, the RBI said.

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Vacancies Delay RBI Meet On Interest Rates. "Shambolic," Say Economists

The terms of three external people on the six-member MPC ended last month, and they are yet to be replaced by the government.

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RBI To Keep Key Interest Rates On Hold, Provide Economic Forecasts: Poll

The RBI has so far refrained from providing any forecasts on growth or inflation due to the heightened uncertainty and risk of projections having to be revised frequently.

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Sensex Surges Nearly 600 Points, Nifty Settles Above 11,200 Led By Banks

All the 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Bank, Auto and Metal indices' over 3 per cent gain.

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RBI Reschedules Policy Review Meeting

Many economists expect the RBI to provide guidance on how the economy is performing amid the coronavirus pandemic, for the first time since February.

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Sensex, Nifty Extend Gains Led By Rally In Banking Shares

Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher, led by the Nifty Media index's over 4 per cent gain.

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How to Check The Allotment Status Of Chemcon Speciality Chemicals

The Rs 318-crore IPO was subscribed 149.05 times; the retail category was subscribed 40.65 times, qualified institutional buyers attracted 113.54 times subscription and non-institutional investors...

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Supreme Court Gives Centre 1 More Week To Submit Loan Moratorium Plan

The Reserve Bank of India (RBI) had in March granted a three-month loan moratorium due to the pandemic-induced situation, and later extended it till August 31 in May.

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Computer Age Management Services IPO: How to Check The Allotment Status

The public offering was subscribed as much as 46.93 times, with retail category subscribed 5.44 times, qualified institutional buyers portion attracted subscription of 73.18 times and...

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Opinion: Vodafone's Tax Victory Over Government Shows Perils Of Overreach

The quarrel goes back to Vodafone's 2007 purchase of Li Ka-shing's India wireless business.

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Angel Broking IPO: Here's How To Check The Allotment Status

The retail category was subscribed 4.31 times, qualified institutional buyers portion, 5.74 times and non-institutional investors category, 69 per cent.

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Sensex Jumps Over 350 Points Amid Gains Across Sectors

Gains across most sectors, led by financial, energy, auto and metal stocks, pushed the markets higher.

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Diesel Prices Cut For Straight Session On Monday, Petrol Unchanged

In Delhi, the price of diesel was lowered to Rs 70.71 per litrefrom Rs 70.94 per litre, but that of petrol was left unchanged at Rs81.06 per litre, according to Indian Oil Corporation.

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Government To Submit Loan Moratorium Plan In Top Court Today

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this...

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Sensex, Nifty Likely To Open Higher

Share Market Latest Updates : MSCI's broadest index of Asia-Pacific shares outside Japan added 0.04 per cent, Japan's Nikkei rose 0.65 per cent and South Korea's KOSPI index gained 0.8 per cent.

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Likhitha Infrastructure IPO To Open On September 29. Here're Key Facts

The initial public offering consists of a fresh issue of up to 51 lakh equity shares, representing 25.86 per cent of the company's post issue paid-up equity capital.

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Mazagon Dock Shipbuilders IPO To Open On Tuesday. Things To Look Out For

The company has fixed the price band for its public offer at Rs 135-145 per share; at the higher end of the price band, the IPO will garner Rs 444 crore.

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UTI AMC Public Offer To Open On Tuesday. Here's All You Need To Know

The issue will be open for three trading days, from September 29 to October 1, 2020, and the issue price for the offer has been fixed at Rs 552-554 a share.

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Diesel Prices Cut By 13-14 Paise On Sunday, Petrol Unchanged For Third Day

In Delhi, the price of diesel was lowered to Rs 70.80 from Rs 70.94 per litre, but that of petrol was left unchanged at Rs 81.06 per litre, according to Indian Oil Corporation.

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How To Download A Digital Copy Of Aadhaar

A digital Aadhaar card can be downloaded using the UIDAI website (uidai.gov.in) or mobile app mAadhaar.

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Opinion: Planning To Invest In IPOs? Here Are Few Important Things To Know

Investing in IPOs could also result in loss of capital for investors. It is therefore imperative to have an understanding about certain basic facts, before one invests through an IPO.

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Rana Kapoor Fined Rs 1 Crore For Violating Disclosure Norms

No lenient view should be taken in this matter and the case deserves imposition of monetary penalty proportionate to the default as found in this case.

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SBI Now Pays 4.9% Interest On 1-Year Fixed Deposit. Here Are Other Rates

FDs have been the financial instrument of choice for more conservative investors with a generally low risk-appetite.

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S&P Affirms India's Sovereign Credit Rating At Lowest Investment Grade

India's long-term foreign and local currency sovereign credit was affirmed by S&P at 'BBB-' with a stable outlook, while the short-term rating was held at 'A-3'.

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Here's How Much You Pay For Fuel Now

Fuel Price Today: While the prices of petrol, diesel and LPG in the country are derived from crude oil, the rates of CNG are calculated based on the price of natural gas.

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Gold Eases To Hover Near 2-Month Low As Dollar Strengthens

A stronger dollar makes commodities priced in the currency, like gold, more expensive for buyers using other monetary units.

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Receive Today's Fuel Rates On Your Mobile. Here's How

Currently, oil marketing companies such as Indian Oil review petrol and diesel rates in different parts of the country on a daily basis, and implement any changes with effect from 6 am.

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Diesel Rate Cut For Second Straight Day, Petrol Price Unchanged

Fuel Price in India Today: The price of petrol was kept unchanged while price of diesel was reduced by around 20 paise across the four metro cities in the country.

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Government To Study Vodafone Arbitration Case Award

An international arbitration tribunal in The Hague ruled that government's imposition of a tax liability on Vodafone.

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Harley Close To Deal With Hero After Stopping Local Manufacturing: Report

Harley-Davidson said on Thursday it will stop sales and shut its manufacturing plant in India.

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How Jio Prepaid Users Can Migrate To Postpaid Plus

Reliance Jio's new service starts at a monthly tariff of Rs 399, and goes to as high as Rs 1,499, with a range of benefits.

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Economy To See Record Contraction In FY21 Before Sharp Recovery: S&P

S&P affirmed its rating on India's long-term foreign and local currency sovereign credit at the lowest investment-grade level and retained its stable outlook on the economy.

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How To Apply To Withdraw Provident Fund (PF) Money

Retirement fund body EPFO or Employees' Provident Fund Organisation allows subscribers to withdraw money from their Employees' Provident Fund (EPF) corpus under certain conditions.

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Jio Partners AeroMobile To Provide In-Flight Mobile Services

Reliance Jio will roll out the mobile services in partnership with AeroMobile on 22 flights on international routes.

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Government Plans $4.6 Billion In Incentives For Battery Makers: Report

A proposal drafted by NITI Aayog said government could slash its oil import bills by as much as $40 billion if electric vehicles were widely adopted.

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Vodafone Wins Arbitration Against Government In $2 Billion Tax Case: Report

The tribunal, in its ruling, said the government must cease seeking the dues from Vodafone and should also pay 4.3 million pounds to the company.

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RBI To Hold Rates As Inflation Rises, Even In Recession: Poll

August inflation, at 6.69 per cent, held above the top end of the RBI's medium-term target range of 2-6 per cent for the fifth consecutive month.

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Crude Oil On Track For 2% Weekly Drop Amid Rising COVID-19 Infections

US fuel demand remains in the doldrums as the pandemic constrains travel. The four-week average of gasoline demand last week was 9 per cent below a year earlier, government data showed on Wednesday.

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Gold Rates On Course To Log Worst Week In Over A Month

Central banks worldwide have rolled out massive stimulus and slashed interest rates to near-zero to counter the economic damage from the COVID-19 pandemic.

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Sensex Surges 835 Points, Nifty Reclaims 11,050 Led By IT Stocks

Mid- and small-cap shares witnessed strong buying interest as the Nifty Midcap 100 rallied 3% and Nifty Smallcap 100 advanced 2.5%.

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Sensex Surges 835 Points, Nifty Reclaims 11,050 Led By IT Stocks

Mid- and small-cap shares witnessed strong buying interest as the Nifty Midcap 100 rallied 3% and Nifty Smallcap 100 advanced 2.5%.

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Sensex, Nifty On Track To Break Six-Day Losing Streak Led By IT Shares

All the 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Information Technology index's over 3% gain.

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Sensex Soars Over 700 Points, Nifty Touches 11,000 Amid Broad-Based Gains

Infosys, Tata Consultancy Services and ICICI Bank were the biggest contributors to the gain in Sensex.

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Diesel Price Cut By Around 20 Paise, Petrol Unchanged Across Metros

The price of petrol was kept unchanged while price of diesel was reduced by around 20 paise across the four metro cities in the country.

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Rupee Gains To 73.65 Against Dollar, Off 1-Month Low

A rebound in domestic equity markets along with a steady dollar supported the rupee, according to analysts.

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Sensex Gains Over 400 Points As Markets Rebound From 2-Month Lows

Asian shares rose on Friday after robust US housing data supported a late tech-driven rally on Wall Street.

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Sensex, Nifty Likely To Open Higher

Asian shares rose on Friday after robust US housing data supported a late tech-driven rally on Wall Street.

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Harley-Davidson Deepens Restructuring With India Exit

Harley has been scrambling for years to grow sales beyond baby boomers in the United States and has not posted retail sales growth there in the past 14 quarters.

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Rupee Closes At 1-Month Low Of 73.90 Against Dollar

A selloff in domestic equity markets, strength in the US currency against a basket of currencies and foreign fund outflows put pressure on the rupee, say analysts.

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Government to Hold Second Half Borrowing For Now; RBI Support Key: Analysts

The union government has already borrowed more than half of the planned full year borrowing of a record Rs 12 lakh crore.

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RBI Rejects All Bids At First Open Market Bond Buy This Year

The benchmark 10-year bond yield rose to a session high of 6.03% after the OMO results were announced but ended the day steady at 5.99%.

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Angel Broking IPO Subscribed 3.9 Times

Angel Broking IPO: The retail category was subscribed 4.31 times, qualified institutional buyers portion, 5.74 times and non-institutional investors category, 69 per cent.

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ONGC Slips Over 3% Due To Fire At Gujarat Plant

ONGC Share Price: ONGC has said there were no casualties or injuries, the fire has been extinguished and it is making efforts to resume normal operations at the plant.

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Sensex Drops Over 700 Points As Selloff Across Sectors Deepens

Domestic stock markets slumped nearly 2 per cent on Thursday amid a broad-based selloff, as a series of warnings from the US central bank officials about a recovery from the coronavirus pandemic hurt...

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Sensex Falls 650 Points, Nifty Below 10,950 Amid Selloff Across Sectors

Domestic stock markets registered sharp losses on Thursday amid a selloff across sectors, as a series of warnings from the US central bank officials underscored investor worries over the resilience of...

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Sensex Falls Over 600 Points, Nifty Below 11,000 Tracking Global Equities

Domestic stock markets started Thursday's session more than 1 per cent lower tracking losses in global markets, as a series of warnings from US central bank officials underscored investor worries over...

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Government May Extend Ban On New Bankruptcy Filings: Report

The proposal is to extend the halt on new bankruptcy cases for another six months past its currently scheduled ending point this week.

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"Lone Wolf" Vaccine Tycoon Topples Jack Ma As China's Richest

Zhong Shanshan now leads a wealth ranking in China that is typically dominated by people who made their fortunes from tech companies.

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Angel Broking IPO Closes For Bidding Today. Key Things To Know

The public offer includes fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore; investors are eligible to bid for a minimum one lot of 49 shares and in multiples thereafter, up to 13...

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Petrol, Diesel Prices Remain Steady On Thursday

In Delhi, the rate of petrol was steady at Rs 81.06 per litre and diesel was untouched at Rs 71.28 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Gap-Down Opening

Asian stocks opened lower on Thursday, tracking a sharply lower Wall Street session amid fresh concerns that the global economic recovery is running out of steam.

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Angel Broking IPO Oversubscribed On Day 2

Angel Broking is one of the largest retail broking houses in the country in terms of active clients.

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Sensex, Nifty Decline For Fifth Straight Day; Telecom Shares Worst Hit

Eleven of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Telecom index's over 7 per cent decline.

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Sensex, Nifty Extend Losses To Fifth Straight Day

Reliance Industries shares closed 0.72 per cent higher after the conglomerate said US-based KKR & Co will invest Rs 5,550 crore in its retail arm, Reliance Retail Ventures.

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Gold Price Comes Down Below Rs 50,000. Here's What Analysts Say

Multi Commodity Exchange gold futures fell by as much as Rs 721 - or 1.43 per cent - to hit Rs 49,660 during the session.

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RIL Raises Rs 1.65 Lakh Crore From Stake Sales: Key Facts

On Wednesday RIL announced a $755.1 million investment from KKR & Co Inc in its retail arm, giving it a pre-money valuation of Rs 4.21 lakh crore.

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Bharti Airtel, VI Fall After Reliance Jio Rolls Out Postpaid Plans

Jio is offering subscription to Netflix, Amazon Prime and Disney Plus Hotstar under its postpaid plans at no additional tariff, among other benefits.

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Angel Broking IPO Fully Subscribed On Day 2

Angel Broking is one of the largest retail broking houses in the country in terms of active clients.

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Chemcon Speciality Chemicals IPO Closes Today. Key Things To Know

The public issue includes fresh issue of equity shares worth Rs 165 crore and an offer for sale of up to 45 lakh equity shares.

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Sensex Falls Over 550 Points, Nifty Below 11,100; Telecom Stocks Drop

Sixteen of 19 sector gauges compiled by the BSE were trading lower led by the S&P BSE Telecom index's 7 per cent fall.

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Gold Hits 6-Week Low As Robust Dollar Weighs

Gold surged about 24 per cent this year, mainly supported by unprecedented stimulus measures by governments and central banks worldwide to revive their coronavirus-battered economies.

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Gold Price Below Rs 50,000, Silver Near Rs 58,700 Tracking Global Rates

Gold And Silver Rate Today: While strength in the US dollar made precious metals more expensive for those dealing in other currencies, weakness in global equities provided some support, say analysts.

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Computer Age Management Services IPO Closes Today. Here's All To Know

As of 12 pm on September 23, the CAMS IPO was subscribed 7.03 times; it wassubscribed 3.74 times in retail category, 2.08 times in qualified institutional buyers segment and 21.76 times in...

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Jio Offers Free Roaming In US, UAE Under JioPostpaid Plus Plans

Along with free roaming in the US and UAE, Jio PostPaid Plus plan will also offer outgoing calls to India from any foreign country at one rupee.

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Angel Broking IPO Subscribed 91% So Far On Day 2

Angel Broking is one of the largest retail broking houses in the country in terms of active clients.

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Top Banks Pay These Annual Returns On Fixed Deposits Now

Bank Fixed Deposit (FD) Rates: Commercial lenders such as State Bank of India (SBI) revise the interest rates on fixed deposits - also known as term deposits - from time to time.

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Reliance Industries Gains Nearly 3% On KKR-Reliance Retail Deal

The investment into Reliance Retail Ventures marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in Jio Platforms announced earlier this...

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Sensex Rises Over 350 Points; Reliance Industries Gains After KKR Deal

Asian share markets struggled to emulate Wall Street's rebound on Wednesday as persistent worries about the global economic recovery kept investors cautious, while ebbing inflation expectations helped...

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Shapoorji Pallonji Group To Part Ways With Tata Group

One of the country's largest construction firms, the SP group has an 18 per cent stake in Tata Sons, the holding company of the Tata Group, on the back of a decades-long relationship.

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Reliance Industries To Sell Rs 5,550-Crore Stake In Retail Arm To KKR

Billionaire Mukesh Ambani-led Reliance Industries said on Wednesday that US-based investment firm KKR will buy a 1.28 per cent stake in its retail arm, Reliance Retail Ventures, for Rs 5,550 crore....

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Parliament Passes Bill To Bring Cooperative Banks Under RBI Supervision

The bill seeks to strengthen cooperative banks by increasing their professionalism, enabling access to capital, improving governance and ensuring sound banking through RBI.

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Petrol, Diesel Prices Remain Steady On Wednesday

In Delhi, the rate of petrol was steady at Rs 81.06 per litre and diesel was untouched at Rs 71.28 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Subdued Opening

The domestic stock markets are likely to open flat, after four consecutive days of losses, going by global cues and early indications from SGX Nifty futures trading.

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Gold, Silver Futures Rangebound Amid Volatile Trade

Gold Price Today: Multi Commodity Exchange (MCX) gold futures (due for settlement on October 5) traded in a more than Rs 550 range.

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Why You Must Calculate Your Real Value When Buying A Life Insurance Plan

A life insurance plan not only helps safeguard our loved ones from financial hardships in our absence but also ensures that they continue to lead a dignified, secure life when we aren't around.

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Jio Launches Postpaid Plans Starting From Rs 399 Per Month

Jio's postpaid plans offer access to over the top (OTT) platforms like Netflix, Amazon Prime, Disney+ Hotstar at no extra cost.

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Angel Broking IPO Subscribed 76% On Day 1

Angel Broking IPO: At the end of first day,1.05 crore bids were received for its total issue size of1.38 crore shares.

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Sensex, Nifty Fall For Fourth Day In A Row; Auto Shares Worst Hit

Nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Media index's 2.6% decline.

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Top Court Restricts Mistry Group From Raising Capital Using Tata Shares

The SP Group's shareholding in the country's largest business house is estimated at more than Rs 1 lakh crore.

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Sensex, Nifty Off Day's Lows; IT, Pharma Shares Outperform

Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Media and Realty indexes over 2% decline.

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Appeal Of Mutual Funds Needs To Be Broadened, Says Sebi Chairman

However, despite the efforts of Sebi, the share of these top 15 / top 30 cities in the total industryAssets under management(AUM) has hovered around just 15-17 per cent over the last five years,...

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Sensex, Nifty Give Up Early Gains Amid Volatile Trade

The National Stock Exchange's India VIX index - which gauges the expectation of volatility in the near term - jumped as much as 3.48 per cent in morning deals.

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J.P. Morgan Does Not Take India Government Bonds In Emerging Market Index

Morgan has opted not to include India's government bonds after investors cited ongoing problems with capital controls, custody and settlement and other operational snags.

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Angel Broking IPO Opens For Subscription

The public offer involves fresh issue of Rs 300 crore and an offer for sale amounting to Rs 300 crore. Applicants can bid for a minimum one lot of 49 shares and in multiples thereafter, up to 13 lots.

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Sensex Falls Over 500 Points Amid Selloff Across Sectors

Asian shares extended losses for the second day on Tuesday while the dollar rose, as possible delays in expanded U.S. stimulus and concerns about fresh pandemic lockdowns in Europe knocked investor...

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Angel Broking IPO To Open For Subscription Today

The shares will be listed on both the benchmark indices, BSE and NSE,on October 5.

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Petrol, Diesel Prices Cut By 7-15 Paise On Tuesday

In Delhi, the rate of petrol was slashed to Rs 81.06 per litre from Rs 81.14 per litre and diesel was cut to Rs 71.28 per litre from Rs 71.43 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Positive Opening

The domestic stock markets are likely to open in the green, post the 2 per cent fall witnessed in the previous session, going by early indications from SGX Nifty trading.

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Angel Broking IPO To Open On September 22. Should You Invest?

The public offer will consist of fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoters; investors can bid for a minimum one lot of 49 shares.

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Sensex Falls Over 800 Points Posts Biggest One-Day Loss In 3 Weeks

Investors turned cautious considering surging cases of COVID-19 in the country and the passage of a contentious farm bill by lawmakers.

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Ant-Backed Paytm -- The New Challenger In India's Stock Broking Industry

The app made zero-fee stock trading available to its millions of users last month.

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HSBC Shares Hit 25-Year Low on China Fears, Alleged Suspicious Transfers

Europe's largest bank is a possible candidate for China's "unreliable entity list" that aims to punish firms, organizations or individuals that damage national security.

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Sensex Drops Over 750 Points, Nifty Breaks Below 11,300

The Rajya Sabha on Sunday passed two contentious farm bills, which have triggered protests by farmers at several places.

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Opinion: India Should Choose: Toyota or Pakora?

Six years of headline management should have been enough for Prime Minister Modi's government. From justifying its bizarre overnight ban on most banknotes in 2016 to defending suspiciously cheerful...

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Sensex, Nifty Turn Flat; IT Shares Gain, Pharma, FMCG Shares Fall

Mid- and small-cap shares were witnessing selling pressure as the Nifty Midcap 100 index fell 0.83% and Nifty Smallcap 100 index declined 0.58%.

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Sensex Rises Over 100 Points, Nifty Firm Above 11,500 Amid Volatile Trade

Asian shares held tight ranges on Monday, as investors awaited developments on US fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Europe.

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Route Mobile Makes Strong Debut, Lists At Over 100% Premium

Route Mobile Share Price Today: The shares were listed at Rs 708 on the BSE, a premium of 102.29 per cent compared to issue price of Rs 350 per share and on NSE, the shares listed at Rs 717, a premium...

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Chemcon Speciality Chemicals Opens For Bidding. Key Things To Know

The IPO of Chemcon Speciality Chemicals includes fresh issue of equity shares worth Rs 165 crore and an offer for sale of up to 45 lakh equity shares by the company promoters.

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Computer Age Management Services IPO Opens For Bidding. Things To Know

The Rs 2,242 crore IPO will be an offer-for-sale of 1.22 crore shares by the promoters, viz Great Terrain Investment, NSE Investments, Warburg Pincus and Acsys Investments.

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Sensex, Nifty Edge Higher Amid Choppy Trade

Asian shares held tight ranges on Monday, as investors awaited developments on US fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Europe.

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Gold 6% Off All-Time Peak But Should You Buy Now? What Analysts Say

Wealth planners advise allocating a portion of investment portfolio to gold at any given time, regardless of market situation.

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Diesel Prices Cut By 14-15 Paise Across Metros On Monday

In Delhi, the rate of diesel was slashed to Rs 71.43 per litre from Rs 71.58 per litre with effect from 6 am on September 21, but petrol was left unchanged at Rs 81.14 per litre, according to Indian...

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Sensex, Nifty Likely To Open Lower

The domestic stock markets are likely to open in the red, in the absence of encouraging global cues and negative indications from early trading in SGX Nifty.

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Vistara To Increase Daily Flights To 100 By Month-End: CEO Leslie Thng

Prior to the coronavirus pandemic, which also resulted in the suspension of scheduled domestic as well as international flights, Vistara was operating more than 200 flights to 34 destinations every...

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Domestic Airlines' Dues To AAI More Than Doubled In February-July

Dues of four major domestic airlines -- IndiGo, SpiceJet, GoAir and AirAsia India -- to the Airports Authority of India more than doubled between February and July, senior officials said.

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Angel Broking IPO To Open On September 22. Things To Watch Out For

Angel Broking plans to raise up to Rs 600 crore through the book-building issue, comprising fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoters.

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Chemcon Speciality Chemicals IPO To Open On September 21.

The book-building IPO of Chemcon Speciality Chemicals comprises fresh issuance of equity shares amounting to Rs 165 crore and an offer for sale of up to 45 lakh equity shares by the promoters.

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Lok Sabha Passes Bill To Amend Companies Law For Ease Of Doing Business

The Companies (Amendment) Bill, 2020 seeks to decriminalise various penal provisions and introduce a new chapter related to producer organisations in the legislation.

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Lok Sabha Passes Taxation Bill To Relax Compliance Requirements For Taxpayers

Finance Minister Nirmala Sitharaman said the ordinance was necessary to defer various compliance deadlines under GST and Income Tax (I-T) Act during the COVID-19 times.

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Computer Age Management Services IPO To Open On September 21

The Rs 2,242 crore IPO will be an offer-for-sale of 1.22 crore shares by the promoters, including Great Terrain Investment, NSE Investments, Warburg Pincus and Acsys Investments.

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Route Mobile To List On BSE, NSE On Monday.

The IPO was subscribed 73.30 times, receiving bids for more than 89 crore shares as against the total issue size of 1,21 crore shares, as per data available on the stock exchanges.

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Diesel Prices Slashed Up To 25 Paise Across Metros On Sunday

In Delhi, diesel prices were slashed to Rs 71.58 per litre from Rs 71.82 per litre, but petrol rates were unchanged at Rs 81.14 per litre, Indian Oil Corporation said.

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Domestic Gold Futures Gain To Rs 51,720, Silver Edges Lower To Rs 68,000

Gold And Silver Rates: Typically, precious metal prices share an inverse relationship with capital markets, wherein any improvement in the risk appetite boosts their appeal as safe havens.

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GST Council To Decide On Funding Compensation Shortfall: Finance Minister

The states are staring at a revenue shortfall of Rs 2.35 lakh crore GST this fiscal year.

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IBC Proceedings Against Debtors, Guarantors Can Go Together: Finance Minister

The Rajya Sabha passed the proposed legislation to replace an ordinance in this regard with a voice vote.

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Diesel Rates Marginally Lowered In Metros, Petrol Unchanged

Petrol And Diesel Rates: State-run oil marking companies such as Indian Oil Corporation currently review the petrol and diesel prices on a daily basis, and implement any revisions at fuel stations...

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Foreign Firms To Source More Local Material For Government Projects

DPIIT has still to announce the new local content requirement threshold for foreign firms entering into partnerships for state-run infrastructure projects.

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Gold Dealers Offer Discounts For Fifth Straight Week, Eye Festive Demand

Jewelers are waiting for a clear price trend and could start building inventory early next month for festivals, said a Mumbai-based dealer with a bullion importing bank.

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Gold Futures Edge Higher To Rs 51,626, Silver Slips To Rs 67,950

Gold And Silver Prices Today: MCX gold futures gained by Rs 173 - or 0.34 per cent - to Rs 51,626, but silver futures slipped by Rs 192 - or 0.28 per cent - to Rs 67,950.

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Petrol, Diesel Rates Cut Marginally In Metros

Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation which account for the majority of petrol and diesel stations in the country.

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Economy Heading For Double-Digit Decline As Virus Spikes: Analysts

Economists and global institutions like the Asian Development Bank have recently cut India's growth projections from already historic lows as the virus continues to spread.

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Foreign Exchange Reserves Down By $353 Million To $541.66 Billion: RBI

The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

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Google Removes Paytm App From Store Over Policy Violations

Google on Friday removed the payments app Paytm from its Android store, citing violations of its gambling policy by the fintech unicorn.

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Angel Broking IPO To Open On Tuesday; Price Band Fixed At Rs 305-306

Investors who want to buy shares of Angel Broking in IPO can do so by bidding in lot size of 49 shares and in the multiples thereof.

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Sensex, Nifty End Lower For Second Straight Session; Banks Drag

Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's over 1.5 per cent decline.

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Sensex, Nifty End Lower For Second Straight Session; Banks Drag

Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's over 1.5 per cent decline.

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Looking To Invest In Happiest Minds? Here Is What You Need To Know

Happiest Minds outperformed IRCTC and DMart, which had delivered returns of just a little over 100 per cent on debut.

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Sensex, Nifty Off Day's Highs; Pharma Shares Outperform, Banks Subdued

Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Pharma index's over 5 per cent gain.

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Pharma Stocks Lift Sensex, Nifty As Dr Reddy's Hits Record High

The pharmaceutical firm hit an all-time high and was the top boost to the Nifty 50 as it settled a patent litigation with Bristol-Myers Squibb Co over the cancer treatment Revlimid.

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Rupee Rises By 33 Paise To 73.33 Against Dollar

On Thursday, the rupee had depreciated by 14 paise to end at 73.66 against the US dollar.

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Indian-Origin Ex-JPMorgan Trader Gets 8 Months' Jail For Currency Rigging

Akshay Aiyer had asked the judge to sentence him to a term of probation with a period of home confinement.

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Dr Reddy's Soars To Record After Drug Maker Settles Patent Litigation

The Nifty Pharma index - which captures the performance of 10 drug makers in the country, including Dr Reddy's, Lupin, Cipla and Sun Pharma - jumped as much as 3.66 per cent.

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Sensex Rises Over 200 Points, Nifty Crosses 11,550; Pharma Stocks Jump

In contrast to the US central bank, the Bank of England made clear overnight that it is open to further aggressive easing and is looking closely at taking interest rates negative.

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Sensex, Nifty Likely To Open Higher Today

On Thursday, the S&P BSE Sensex index had dropped 323.00 points - or 0.82 per cent - to end at 38,979.85.

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Domestic Gold Futures Tank Over 1% to Rs 51,250, Silver Holds Rs 66,900

Gold And Silver Prices Today: Multi Commodity Exchange (MCX) gold futures fell 1.10 per cent whereas silver futures tumbled 2.71 per cent on Thursday, tracking global spot rates.

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Government Imposes Security Condition On Foreign Investment In Defence

The government had allowed foreign firms to directly invest up to 74 per cent ownership in defence sector from an earlier cap of 49 per cent.

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Happiest Minds Technologies Shares Double In Strong Market Debut

The stock of Happiest Minds Technologies listed at Rs 356.8 apiece, marking a premium of 114.94 per cent compared to its issue price of Rs 166.

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Jindal Steel Expects To Produce 19% More Steel This Year As Demand Surges

The company is likely to export 2.5 million tonnes of steel in 2020/21, up from 300,000 tonnes the previous year.

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Sensex Ends 323 Points Lower Weighed Down By Banking, Metal Shares

Eight of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Realty index's 1.7 per cent decline.

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Sensex Ends 323 Points Lower Weighed Down By Banking, Metal Shares

Eight of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Realty index's 1.7 per cent decline.

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Supreme Court Rejects Resuming Insolvency Case Against Anil Ambani

A three-judge panel headed by Justice L. Nageswara Rao ruled that the bankruptcy case against the former billionaire will remain suspended.

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Automakers Should Cut Royalty Payments To Foreign Parent Firms: Report

Maruti Suzuki paid Rs 3,820 crore in royalties to Suzuki Motor in the fiscal year ending March 31, 2020, amounting to 5 per cent of its revenue.

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HCL Tech Expands Partnership With Google Cloud; Shares Rise

HCL Technologies on Wednesday announced the expansion of its strategic partnership with Google Cloud to bring the IT company's Actian portfolio to Google Cloud.

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Global Recovery May Take 5 Years: World Bank Chief Economist

Last month, the World Bank had saidIndia needs to continue with reforms to reverse the economic slowdown.

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Crude Oil Declines Amid Demand Concerns

US West Texas Intermediate (WTI) crude futures were down 70 cents, or 1.7 per cent, to $39.46 a barrel, after jumping 4.9 per cent on Wednesday.

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Dr Reddy's Labs Gains On Launching Eye Allergy Drop In US Market

Olopatadine Hydrochloride Ophthalmic Solution USP is equivalent of Novartis's Pataday and is indicated for the temporary relief of itchy eyes .

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Sensex Falls Over 350 Points; Metal, Banking Shares Worst Hit

Dr Reddy's Labs was top Nifty gainer, the stock rose 3 per cent to Rs 4,763 after it announced launch of eye allergy drop medicine in the US market.

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Gold Falls As Dollar Gains On US Central Bank's Upbeat Economic View

The dollar index rose to a more than one-week high against its rivals after the Federal Reserve signalled it expected economy recovery to accelerate.

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Gold Futures Ease Below Rs 51,300, Silver Hits Rs 67,500 As Dollar Gains

Gold, Silver Rate Today: Gold has been one of the most consistent gainers through the six months of coronavirus pandemic-led turmoil in financial markets.

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Happiest Minds Makes Stellar Debut, Lists At 111% Premium On Issue Price

Happiest Minds Technologies' Rs 702-crore IPO was over-subscribed by a whopping 150.98 times, making it one of the most subscribed share offerings in recent history.

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Sensex, Nifty Open Lower

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.82 per cent, running out of steam after five straight days of gains.

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How To Check Allotment Status Of Route Mobile IPO

The retail investors portion was subscribed 12.67 times, non-institutional investors segment attracted bids worth 192.81 times and the portion set aside for qualified institutional buyers was...

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Airlines Want $1.5 Billion In Interest-Free Credit Line: Minister

IndiGo is the world's biggest customer for Airbus SE's best-selling A320neo jets, while SpiceJet is among the top buyers of Boeing Co.'s now-grounded 737 Max planes.

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US Central Bank Vows To Keep Interest Rates Low, Expects Slow Recovery

This was the Fed's last policy decision before the country's November 3 presidential election, delivering the winner a runway of low borrowing costs for years to come.

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Lok Sabha Passes Legislation To Bring Cooperative Banks Under RBI Control

Replying to the debate on the bill, Finance Minister Nirmala Sitharaman said this legislation is for depositors' safety and not for undermining powers of the Registrar of Cooperative Societies.

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Petrol, Diesel Prices Slashed By 13-20 Paise On Thursday

In Delhi, the prices of petrol were cut to Rs 81.40 per litre from Rs 81.55 per litre and diesel rates were reduced to Rs 72.37 per litre from Rs 72.56 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Set To Have A Weak Opening

The domestic markets are likely to open in the red, following weak global cues amid concerns of economic recovery worldwide.

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PMC Bank, Hit By Fraud, Seeks Merger With Other Banks: Report

HDIL and its associates owe Rs 6,981 crore to PMC, but at Rs 1,160 crore, the realisable value of its securities was "grossly insufficient".

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Flipkart Eyes Overseas IPO As Early As 2021: Report

Flipkart said it would use the funds, to be received in two tranches this fiscal year, to support the development of its e-commerce marketplace as India emerges from the COVID-19 crisis.

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Flipkart Eyes Overseas Listing As Early As 2021: Report

Flipkart is likely to choose between Singapore, or the United States for the initial public offering (IPO).

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Rupee Ends Volatile Session Higher At 73.52 Against Dollar

Domestic equity markets continued to gain for a second straight day, with benchmark indices Sensex and Nifty scaling their highest closing levels since August 28.

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Economic Activities Revived With Phased Unlocking Since June: Government

Union Minister of State for Home Nityanand Rai said in the Rajya Sabha that the strict lockdown, first announced on March 24, was effective in containing the impact of the coronvirus pandemic.

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Economic Recovery Still Not Well Entrenched: RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das said that the economic recovery was not yet fully entrenched and also that the recovery is likely to be gradual.

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Sensex Nifty, Extend Gains To Second Straight Day

Global shares registered cautious gains as investors awaited the outcome of a two-day policy meeting of the US central bank.

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Airlines Revenues Fell By 86% In Q1 Due To Covid-19: Aviation Minister

Employee count at the Indian carriers went down from 74,887 on March 31 to 69,589 on July 31.

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Supreme Court Grants Relief To Vedanta, Videocon In Ravva Oil Field Case

The top court upheld Delhi High Court's order which refused to interfere with the arbitral award in production sharing contract for Ravva oil fields.

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Economic Recovery Likely To Be Gradual: RBI Governor Shaktikanta Das

Mr Das' remarks come days after official data showed consumer inflation in the country eased marginally in August, but remained above the central bank's target range of 4-6 per cent for the fifth...

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Uptick Noticed In June,July Has Levelled Off: Shaktikanta Das

His remarks come days after official data showed retail inflation remains above the RBI's target range of 4-6 per cent for a fifth straight month.

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Rupee Volatile Against Dollar Ahead Of US Central Bank Policy Decision

The rupee opened at 73.70 at the interbank forex market, registering a decline of 7 paise over its last close.

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Crude Oil Rate Rises As Hurricane Shuts US Production

Analysts had expected oil stocks to increase by 1.3 million barrels. Official data on US stockpiles is due out later on Wednesday and often conflicts with the industry figures.

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Spot Gold Steady Ahead Of US Central Bank Policy Statement

The US central bank last month adopted a more accommodative approach to inflation and pledged to keep interest rates low for longer.

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Sensex Rises Over 100 Points, Nifty Near 11,550 Amid Gains Across Sectors

Analysts awaited a keynote address by Reserve Bank of India Governor Shaktikanta Das to members of industry body FICCI.

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Petrol, Diesel Prices Remain Unchanged On Wednesday

In Delhi, the prices of petrol were constant at Rs 81.55per litre and diesel rates were steady at Rs 72.56 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Flat Opening

Asian shares were set for a mixed open on Wednesday as investors awaited the Federal Reserve's view on the economy at the end of its policy meeting.

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Domestic Gold Futures Reclaim Rs 52,000 Mark, Silver Tops Rs 69,700

Gold, Silver Rate Today: Global equities registered cautious gains in anticipation of a status on the accommodative monetary policy in the world's largest economy.

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Exports Fall 13% In August; Trade Deficit Narrows To $6.77 Billion

The country's imports too declined 26 per cent to $29.47 billion in August, leaving a trade deficit of $6.77 billion.

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Domestic Gold Futures Reclaim Rs 52,100 Ahead Of US Central Bank Meet

Gold Rate Today: The gold contract settled at Rs 52,120, up Rs 433 - or 0.84 per cent - for the day.

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India Received $20 Billion In FDI During COVID-19, Says Foreign Secretary

Foreign secretary said several global technology majors have announced significant investments in India including $10 billion by Google.

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All You Need To Know About Reliance Jio Cricket Plans

Jio has launched affordable tariff plans with free Disney+ Hotstar VIP subscription to watch live IPL matches.

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Gold Hits 2-Week High As Dollar Eases Ahead Of US Central Bank Meet

The dollar index fell, making gold less attractive for buyers holding other currencies, as participants awaited the Fed's two-day policy event ending on Wednesday.

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State Bank Of India Extends OTP-Based ATM Withdrawal Facility

The move is aimed at safeguarding customers from frauds and minimizing unauthorised transactions, SBI said.

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Sensex Rises 288 Points, Nifty Settles Above 11,500 Led By Pharma Stocks

The overall market breadth was positive as 1,586 shares closed higher while 1,162 ended lower on the BSE.

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Sensex Closes 288 Points Higher Led By Financial, Pharma Shares

Data from the statistics ministry showed consumer inflation came in at 6.69 per cent in August, lower than economists' estimate.

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Rupee Ends Lower At 73.64 Against US Dollar

During the session, the rupee touched an intraday high of 73.33 and a low of 73.72 against the greenback.

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Rupee Edges Lower To End At 73.64 Against Dollar

Analysts say strength in domestic equities and weakness in the US currency overseas limited the fall in rupee.

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Nayara Energy Sees Diesel Recovery To Pre-COVID-19 Level By End-2021

India's diesel demand has already recovered from April's lows, when the nation was under complete lockdown to prevent spread of COVID-19.

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Flipkart To Hire 70,000 In India Ahead Of Big Shopping Event

Flipkart said it would sign up more than 50,000 kiranas, or small grocery stores, for last-mile delivery.

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Steel Strips Wheels Gains On Order Win From European Caravan Market

Steel Strips Wheels Ltd. shares price has so far this year dropped 42% following low sales owing to Covid-19-induced lockdowns in the country.

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Here's How To Check The Allotment Status Of Happiest Minds IPO

The issue was subscribed by a whopping 150.98 times, with the qualified institutional buyers (QIBs) portion being subscribed 77.43 times, non-institutional investors 351.46 times and retail individual...

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Rate-Sensitive Stocks Rise Post Inflation Data

Official data released late Monday evening showed consumer inflation eased to 6.69 per cent in August, from 6.73 per cent in previous month, but was still above RBI's medium-term target range of 4-6...

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Mukesh Ambani Waitlists Carlyle, SoftBank For Reliance Retail: Report

Mukesh Ambani is tapping the backers of his digital services business, which has secured $20 billion in recent months, as he seeks funding for Reliance Retail.

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To Sweeten Air India Bid, Government May Drop Debt Condition: Report

India is proposing to drop a condition that the winning bidder for Air India will have to take on $3.3 billion of aircraft debt, people with knowledge of the matter said.

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Sensex Rises Over 150 Points As Financial, Energy Stocks Rise

Asian shares largely moved higher on Tuesday as investors shifted focus to upcoming data and central bank meetings although positive developments around potential COVID-19 vaccines.

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Petrol, Diesel Prices Slashed By 15-24 Paise On Tuesday

In Delhi, prices of petrol were slashed to Rs 81.55 from Rs 81.72 per litre and diesel rates were cut to Rs 72.56 from Rs 72.78 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Cautious Start

Asian shares looked set to open lower on Tuesday as investors shifted focus to upcoming data and central bank meetings

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Government Seeks Parliamentary Nod For Rs 20,000 Crore Cash Infusion

The move is aimed at supporting the lenders against a surge in bad loans projected by the Reserve Bank of India due to the coronavirus pandemic and related restrictions.

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Gold Futures Reclaim Rs 51,650, Silver Tops Rs 68,500 As Equities Ease

The gold and silver contracts had risen to as high as Rs 51,736 and Rs 68,720 respectively during the session.

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RBI Likely To Hold Repo Rate In October Policy Meet: Experts

August's retail inflation, at 6.69%, was lower than the 6.85% forecast in a Reuters poll of analysts and the 6.73% registered in July.

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TCS Market Value Hits Rs 9 Lakh Crore For First Time As Stock Surges

TCS shares ended the day with a gain of 5.00 per cent - or Rs118.60 - at Rs 2,492.30 apiece on the BSE, outperforming the benchmark S&P BSE Sensex index.

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Consumer Inflation At 6.69% In August, Remains Above RBI Goal

Consumer inflation - or the rate of increase in retail prices - is determined by the Consumer Price Index (CPI).

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Domestic Gold Futures Move Higher To Rs 51,599 Mark As Equities Ease

Gold Rate Today: At 4:38 pm, the gold contract traded 0.20 per cent - or Rs 104 - higher at R 51,423 on MCX.

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Sensex, Nifty Snap Two-Day Winning Streak As Banking Shares Drag

Six of 11 sector gauges compiled by the National Stock Exchange ended lower, led by Nifty Bank index's 1.3 per cent decline.

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Spot Gold Gains On Weaker Dollar; All Eyes On US Central Bank Policy

Major central banks have rolled out unprecedented stimulus measures and kept interest rates low, driving gold to new highs because of its role as a hedge against inflation and currency debasement.

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Funds Seek To Calm Investors As Sebi's New Norms Affect $2 Billion In Equity Assets

Securities and Exchange Board of India (SEBI) said so-called multi-cap funds should invest a minimum 75 per cent in stocks, with equal allocation of 25 per cent between large-, mid- and small-cap...

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Sensex Slumps Over 650 Points From Day's High As Banking Shares Drag

Mid- and small-cap shares rallied after market regulator Securities and Exchange Board of India (Sebi) tweaked norms for asset allocation for multi-cap mutual funds.

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Government To Infuse Rs 20,000 Crore In State-Run Banks

The government has already pumped in Rs 3.5 lakh crore in the last five years to rescue its banks.

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Mid, Small Cap Shares Rally After SEBI Tweaks Norms For Multi Cap Funds

The Nifty Midcap 100 index surged as much as 3.32 per cent and Nifty Smallcap 100 index rallied as much as 5.56 per cent.

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HCL Tech Soars To Record High After IT Major Raises Revenue Outlook

HCL Technologies (HCL Tech) said it expects its revenue and operating "to be meaningfully better than the top end" of the guidance provided in July 2020.

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S&P Expects India's Economy To Contract 9% In Fiscal 2021

S&P joins a host of major banks and ratings agencies, which have made deep cuts to their forecasts on India's economy following a 23.9% contraction.

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Government Seeks Rs 1.67 Lakh Crore In Additional Budgetary Spending

Union Government sought an additional Rs 46,602 crore to transfer to states and Rs 10,000 crore more for its food subsidy scheme.

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Wholesale Inflation At 0.16% In August, Versus -0.58% In July

Wholesale prices rose 0.16 per cent in August as against deflation of 0.58 per cent in the previous month.

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Computer Age Management Services IPO Coming Soon. Here Are Things To Know

The 2,258.00 crore IPO will be an offer-for-sale of 1.22 crore shares by the promoters, including Great Terrain Investment, NSE Investments, Warburg Pincus and Acsys Investments.

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Google, Facebook And Others Can't Bypass Mukesh Ambani In India

The 63-year-old Indian tycoon has identified technology and retail as future growth areas in a pivot away from the energy businesses.

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Opinion: Mukesh Ambani's $2 Chutzpah Unlocks Another Fortune

Covid-19 has been a shot in the arm for Reliance, despite retail Ebitda of only $145 million in the June quarter, a 47 per cent drop from last year.

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From Veggie Tacos To Health Care, Dabur Billionaire's Sprawling Bets

Burman Family Holdings' investments range from "promising" domestic startups like DMI Finance to global companies such as Yum! Brands Inc.'s Taco Bell and Aviva Plc.

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77-Year-Old Entrepreneur's Bengaluru-Based Start-Up Hits IPO Jackpot

Happiest Minds Technologies' IPO got bids for 3.51 billion shares versus the 23.3 million on offer, ranking it among India's most successful first-time share sales of this decade.

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Apple iPhone Makers May Be Gainers In $6.6 Billion India Plan: Report

At a cabinet meeting on Wednesday, the government is expected to approve a plan aimed at bringing $150 billion in mobile-phone production over the next five years.

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Sensex Jumps Over 300 Points, Nifty Tops 11,500 Amid Gains Across Sectors

Asian share markets firmed on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its Phase 3 trial though sentiment was still cautious ahead of a big week of central bank meetings in...

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Petrol, Diesel Prices Cut By 13-16 Paise On Monday

In Delhi, the prices of petrol were slashed to Rs 81.72 from Rs 81.86 per litre and diesel rates were cut to Rs 72.78 from Rs 72.93 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Firm Start

The domestic stock markets are likely to open in the green, following positive Asian cues, as hopes of a coronavirus vaccine have been rekindled across the world.

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Central Board Of Direct Taxes Has Two-Third Staff For Faceless Assessment

Faceless Assessment Scheme was inaugurated as Phase 1 on October 7, 2019, with 58,320 assigned cases. On August 13 this year, Prime Minister Narendra Modi launched the platform for transparent...

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Rs 30,000 Crore Special Liquidity Scheme Doing Well: Finance Ministry

37 proposals worth Rs 10,590 crores have been approved and six applications seeking Rs 783.5 crore are under process, as on September 11, the Finance Ministry said.

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UCO Bank Cites Supreme Court Order For Delay In Studying Its Asset Quality

On September 3, the Supreme Cop court said accounts which were not declared as non-performing assets till August 31 this year shall not be declared NPAs till further orders.

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Route Mobile IPO Subscribed 73 Times

Retail investors portion was subscribed 12.67 times, non-institutional investors segment attracted bids of 192.81 times and qualified institutional buyers, 89.76 times.

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Petrol, Diesel Prices Remain Constant On Sunday

In Delhi, the prices of petrol wereunchanged at Rs 81.86 per litre and diesel rates were steady at Rs 72.93 per litre, according to Indian Oil Corporation.

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Retail Gold Demand Still Dim Despite Fourth Straight Week Of Discounts

While demand usually picks in the run up to the October-November festival season, a worsening COVID-19 outbreak has hammered sentiment, with India's economy shrinking by nearly a quarter in...

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Gold Futures Fall To Rs 51,280, Silver At Rs 67,926 As Stimulus Hopes Fade

Gold, Silver Price In India Today: The gold and silver contracts had fallen to as low as Rs 51,224 and Rs 67,613 respectively during the session.

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EPF Return At 8.5%, But To Be Paid In Parts. What It Means For You

What it means is that EPFO plans to clear the dues, the 0.35 per cent part of your EPFO return this year, by December 31 once it liquidates certain ETF investments.

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Government's Secondary Listing Plan For Firms Joining Foreign Markets: Report

SoftBank and Sequoia have invested in various Indian firms like ride-hailing company Ola and hospitality firm Oyo.

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Indian Economy Likely To Contract 11.5% In 2020-21: Moody's

For 2021-22, Moody's Investors Service projected the economy to clock a growth of 10.6 per cent.

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Industrial Production Contracts 10.4% In July

The production of eight core sectors accounts for about 40 per cent of total industrial production.

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Sensex, Nifty End On Flat Note; IT Shares Outperform

Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Information Technology index's 1.2% gain.

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Sensex, Nifty Trade On A Flat Note Flat; IT Stocks Gain, Banks Fall

Seven of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Bank index's nearly 1% fall.

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Passenger Car Sales Up 14% In August: Industry Body SIAM

Sales in the domestic market dropped to 1,05,617 passenger vehicles last month, from 2,09,522 in June 2019. The number includes sales of passenger cars, utility vehicles and vans.

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Need For Another Fiscal Stimulus Warranted In India, Says IMF

Over 70,000 Indians have died due to coronavirus, as it has had an unprecedented impact on the India economy.

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Sensex, Nifty Turn Flat As Financial, Energy Stocks Weigh On Markets

Asian shares struggled to stem a bearish mood on Friday after US technology stocks fell overnight on growing doubts about stimulus in the world's largest economy and worries about their stretched...

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Sensex Rises Over 100 Points, Nifty Firm Above 11,450 Amid Choppy Trade

Share Market News: Overall market breadth was positive with an advance-decline ratio of almost 2:1, as 1,117 stocks on the BSE rose against 561 that fell.

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Gold Futures Rise To Rs 51,752, Silver Reclaims Rs 69,000 As Dollar Eases

Gold, Silver Price In India Today: The gold and silver contracts had risen to as high as Rs 51,851 and Rs 69,768 respectively during the volatile session.

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Government Forms Committee For Assessment Of Relief To Bank Borrowers

The committee will be headed by Rajiv Mehrishi, former Comptroller and Auditor General of India.

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Automakers Seek Delays To Government's Planned New Rules For Parts: Report

Prime Minister Narendra Modi is keen to reduce imports to boost local manufacturing to make India more self-sufficient and enable it to play a bigger role in the global supply chain.

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Zomato Raises $160 Million From Tiger Global, Temasek Unit

The transaction values the food delivery startup at a post-money valuation of $3.3 billion

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Rice Prices Hit 18 Months Peak As Virus Strains Export Logistics

India's 5 per cent broken parboiled rice prices climbed to $387-$394 per tonne from last week's $384-$390.

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Route Mobile IPO Subscribed 4 Times On Day 2

The retail investors portion was subscribed 6.7 times, non-institutional investors segment attracted bids to the extent of 2 times and qualified institutional buyers portion was subscribed 1.25 times.

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Covid-19 Likely To Force Government To Borrow More: Report

The officials have already discussed the possibility of monetising the debt, whereby the central bank prints money to bridge the fiscal deficit.

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Sensex Surges Over 600 Points, Nifty Reclaims 11,400 Led By RIL

Sixteen of 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Energy index's over 6 per cent gain.

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Sensex, Nifty On Track To Break Two-Day Losing Streak Powered by RIL

The country's most valued company - Reliance Industries - market capitalization topped Rs 14 lakh crore.

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Reliance Industries Offers Amazon $20-Billion Stake In Retail Arm: Report

The development comes a day after billionaire Mukesh Ambani-led Reliance Industries said US-based Silver Lake would invest Rs 7,500 crore in its subsidiary, Reliance Retail Ventures.

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Happiest Minds IPO Subscribed 151 Times, Retail Portion 71 Times

The qualified institutional buyers (QIBs) portion was subscribed 77.43 times, non-institutional investors 351.46 times and retail individual investors 70.94 times, data available on the exchanges...

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Last Chance To Decide On Loan Moratorium Plan: Supreme Court To Centre

The Supreme Court on Thursday allowed the government two more weeks "to come up with something concrete for various sectors" in the loan moratorium matter. "What is going to happen in two weeks?... We...

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Reliance Industries Hits Record High, Market Value Tops Rs 14 Lakh Crore

Currently, Reliance Industries is the only Indian company to hold a double-digit lakh crore market value in rupee terms.

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India August Inflation Seen Above RBI's Target Range: Poll

While the government has eased lockdown restrictions to revive the economy, supply distortions remain due to coronavirus cases rising domestically at the fastest pace in the world.

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Sensex Rises Over 300 Points, Nifty Tops 11,350 As Global Markets Rebound

Domestic stock markets started Thursday's session on a positive note tracking a rebound in global markets, amid hopes of a recovery from the coronavirus pandemic-caused slowdown. The S&P BSE Sensex...

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Petrol, Diesel Prices Cut Across Metros On Thursday

In Delhi, the price of petrol was slashed to Rs 81.99 from Rs 82.08 per litre and diesel rates were lowered to Rs 73.05 from Rs 73.16 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Cautious Start

The domestic stock markets are likely to open flat, despite positive cues from the global markets, due to a rise in India-China border tensions.

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Gold Futures Fall To Rs 50,928 Mark, Silver To Rs 67,410 As Dollar Rises

Gold Price In India Today: MCX gold and silver futures fell to as low as Rs 50,914 and Rs 67,351 during Wednesday's session respectively.

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Banks To Be Catalysts Of Economic Revival, Says Finance Minister

The minister further said banks have to introspect on their core business and also focus on welfare

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EPFO To Pay 8.5% Interest In Two Phases Due To Covid

In March, the retirement fund body lowered the interest rate to 8.5%. The EPFO had paid interest rate of 8.65% in financial year 2018-19.

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Sensex, Nifty End Lower For Second Straight Day

Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a coronavirus-induced recession.

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Sensex, Nifty Decline For Second Straight Day Dragged By Banks

Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's 3% fall.

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Rupee Edges Higher To 73.55 Against Dollar, Breaks 2-Day Losing Streak

At the current level, the rupee has recovered 4.37 per cent from an all-time low of 76.91 registered in April.

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World's Top 10 Airline Stocks Are All Chinese, Except One

Chinese carriers haven't been immune to the crisis, but they've managed to recover much faster thanks to a vast domestic market.

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Crude Oil Extends Fall As Demand Worries Mount

The global health crisis continues to flare unabated with coronavirus cases rising in India, Great Britain, Spain and several parts of the United States.

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Domestic Gold Futures Crack Below Rs 51,050 Mark On Dollar Strength

Gold Price Today: At 1:10 pm, the MCX gold futures contract quoted at Rs 51,134, down Rs 219 - or 0.43 per cent - from its previous close of Rs 51,353.

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Silver Futures Tumble Over 1% As Dollar Firms, But Hold Rs 67,550 Mark

Silver Rate Today: At 1:10 pm, the MCX silver futures contract quoted at Rs 67,966, down Rs 528 - or 0.77 per cent - from its previous close of Rs 68,494. MCX gold futures - due for a delivery on...

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Astrazeneca Pharma India Shares Dive Nearly 7% As Vaccine Trials Paused

The parent company AstraZeneca "voluntarily paused" a randomized clinical trial of its coronavirus vaccine asa volunteer developed an unexplained illness.

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Sensex Slumps Over 400 Points As Banking, Metal Shares Weigh On Markets

Banking shares were worst hit in trade so far as the Nifty Bank index slumped over 2 per cent.

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Rupee Extends Losses To Third Day, Slides To 73.75 Against Dollar

Rupee Vs Dollar Today: At 12:02 pm, the rupee traded seven paise lower - 0.10 per cent - at 73.67 against the US currency.

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Route Mobile IPO Opens For Subscription

The Rs 600 crore public issue will be open for three trading days till September 11, and the company has fixed the price band at Rs 345-350 per share.

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Mukesh Ambani's Reliance Retail Ventures Sells 1.75% Stake To Silver Lake

Billionaire Mukesh Ambani-led Reliance Industries Limited (RIL) said on Wednesday that US-based Silver Lake will invest Rs 7,500 crore in its subsidiary, Reliance Retail Ventures. Silver Lake's...

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Silver Lake To Buy Rs 7,500-Crore Stake In Reliance Retail Ventures

The investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore, Mumbai-based Reliance said in a regulatory filing.

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Reliance Jio To Roll Out 10 Crore Low-Cost Phones By December: Report

Mukesh Ambani had said in July that Google would build an Android operating system (OS) to power a low-cost "4G or even 5G" smartphone that Reliance Industries would design.

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Sensex Falls Over 250 Points Tracking Global Markets; Nifty Near 11,250

Equities elsewhere in Asia fell after a rout of technology shares pulled Wall Street for the third day in a row.

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Ashok Leyland Chairman Emeritus R J Shahaney Dies After Brief Illness

Mr Shahaney was the Chennai-based company's first Managing Director andserved in that capacity between 1978 and 1998 and later as chairman till 2010.

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All You Need To Know About Oil Price Today

Crude Oil Rate Today: The Intercontinental Exchange's Brent futures are considered a benchmark for global oil markets, besides the New York Mercantile Exchange's WTI crude futures.

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Petrol, Diesel Prices Remain Unchanged On Wednesday

In Delhi, the price of petrol was maintained at Rs82.08 per litre and diesel rates were steady at Rs 73.16 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Open Weak

The domestic stock markets are likely to open in the red, going by weak cues from the Asian and US markets, and indications from SGX Nifty.

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Gold Futures Dip To Rs 50,793, Silver Drops To Rs 67,340 As Dollar Firms

Gold Price In India Today: Gold and silver moved higher after a firmer dollar offset support from renewed fears over the economic hit from the COVID-19 pandemic.

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Regulatory Body Asked To Approve 3 Months' Extension For Companies' AGMs

Many companies have not been able to hold their annual general meetings (AGMs) due to the COVID-19 pandemic

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Spot Gold Rate Falls 1% On Firm Dollar

Global central banks have saturated markets with extraordinary liquidity steps to offset the economic damage inflicted by the coronavirus, sending gold 26 per cent higher this year.

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Happiest Minds IPO Subscribed 8.38 Times On Day 2

The reserved retail investor category was subscribed 38.85 times, non-institutional investors' category attracted subscription of 3.96 times and the qualified institutional investors segment saw...

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Government Pushes PSU Banks To Step Up Loans To Street Vendors: Report

Bankers have been warned of penalties if targets are not met, said two sources who spoke on condition of anonymity.

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Sensex, Nifty End Volatile Session Marginally Lower; IT Stocks Jump

Mid- and small-cap shares also witnessed selling pressure as Nifty Midcap 100 index fell 1.4% and Nifty Smallcap 100 index dropped 0.87%.

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Sensex Ends Volatile Session Marginally Lower; IT Stocks Buck Trend

Domestic stock markets ended a volatile session on Tuesday with mild losses, as selling pressure in banking, metal and pharmaceutical counters offset buying in IT shares. The S&P BSE Sensex index...

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Sensex, Nifty Off Day's Highs; IT Stocks Gain, Metals Fall

Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Metal index's nearly 1 per cent fall.

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Rupee Closes At Over One-Week Low Of 73.60 Against Dollar

At the current level, the rupee has recovered 4.30 per cent from an all-time low of 76.91 against the dollar, registered in April this year.

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India GDP To Shrink Up To 11.8% In 2020-21: Rating Agencies

Days after official data showed India's GDP or gross domestic product shrank a record 23.9 per cent in the April-June period, economists have pegged overall economic contraction for the full financial...

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Indian Economy Projected To Shrink 11.8% In 2020-21: Fitch Arm

On Monday, India surpassed Brazil as the nation with the largest number of infections outside the United States, with a tally of 4.28 million.

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Sensex Jumps Over 300 Points Led By Financial, IT, Energy Stocks

Share Market Latest Updates: At 12:53 pm, the Sensex traded 293.99 points - or 0.77 per cent - higher at 38,711.22, while the Nifty was up 74.75 points - or 0.66 per cent - at 11,429.80.

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India Ratings Revises 2020-21 GDP Projection To -11.8%

India Ratings said it expects the country's GDP to rebound, and expand at 9.9 per cent year-on-year in financial year 2021-22.

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Rupee Drops To 73.64 Mark On Firm Dollar

At Monday's close of 73.34, the rupee has recovered 4.64 per cent from its all-time low of 76.91, recorded in April.

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Rupee Declines By 29 Paise To 73.64 Against Dollar

Forex traders said a strengthening dollar and foreign fund outflows weighed on the rupee.

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COVID-19 Crisis: India GDP Likely To Shrink 10.5% In 2020-21, Says Fitch

However, the pace of expansion is expected to moderate soon, Fitch said in its Global Economic Outlook report.

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Indian Economy To Contract 10.5% In 2020-21: Fitch

Last month, official data showed that the country's gross domestic product (GDP) shrank 23.9 per cent in the April-June period, in one of the sharpest contractions in the world.

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Sensex Rises Over 250 Points As Markets Recover Early Losses

The NSE's India VIX index - which gauges the expectation of volatility in the near term - climbed up as much as 0.86 per cent.

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Route Mobile IPO Set To Open On Wednesday. Here's All You Need To Know

Route Mobile's Rs 600 crore initial public offer (IPO) will be open for three trading days, from September 9 to September 11, at a price band of Rs 345-350 per share.

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Sensex, Nifty Edge Lower Amid Choppy Trade; Financial Stocks Drop

Asian shares and US stock futures regained some footing on Tuesday following a small bounce in European markets as investors looked to whether high-flying U.S. tech shares could recover from their...

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Petrol, Diesel Prices Remain Unchanged On Tuesday

In Delhi, the price of petrol was maintained at Rs 82.08 per litre and diesel rates were steady at Rs 73.16 per litre, according to notifications by Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Positive Opening

The domestic stock markets are likely to open in the green, following encouraging Asian cues and a positive start on SGX Nifty.

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RBI Clears Panel Recommendations On Debt Resolution For Stressed Sectors

The Reserve Bank of India (RBI) said on Monday that it had broadly accepted recommendations made by a committee on restructuring of loans. The RBI-appointed panel under eminent banker KV Kamath...

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RBI's Committee Picks 26 Sectors For Loan Restructuring, Lists Criteria

The committee will also scrutinise restructuring of loans above Rs 1,500 crore

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Happiest Minds IPO Subscribed 2.8 Times On Day 1

The reserved portion for retail investors was subscribed 14.6 times, non-institutional investors' category, 62 per cent and qualified institutional investors segment saw subscription of 8 per cent.

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Foreign Buyers Pour Money Into Indian Stocks Despite Sinking Economy

International buyers plowed a net $6 billion into shares in Asia's third-largest economy in August, the most since March last year; other markets in the region excluding China suffered net withdrawals...

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You Can Verify Aadhaar-Registered Mobile Number Online, Here's How

The UIDAI engages with social media users from time to time to spread awareness about Aadhaar-related services.

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Domestic Gold Futures Edge Higher, Silver Reclaims Rs 67,250

Multi Commodity Exchange (MCX) gold futures - due for a delivery on October 5 - closed 0.24 per cent (Rs 122) higher at Rs 50,800, having risen to as high as Rs 50,873 during the session.

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Rupee Gives Up Early Gains, Ends Marginally Lower At 73.34 Against Dollar

Rupee Vs Dollar Rate Today: The rupee closed 0.27 per cent lower at 73.34 against the US currency, compared to its previous close of 73.14.

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Sensex, Nifty End Volatile Session Marginally Higher

Asian shares were on the defensive on Monday as investors grappled with sky-high valuations against the backdrop of a global economy in the grip of a coronavirus-induced recession.

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Domestic Gold Futures Climb To Rs 50,850 As Shares Drop

Gold Price In India Today: At 1:24 pm, the MCX gold futures contract quoted at Rs 50,835, up 0.31 per cent - or Rs 157 - from its previous close of Rs 50,678.

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Gold Rate Steadies As Firmer Dollar Counters Safe-Haven Demand

The dollar index rose 0.2 per cent against its rivals, making gold expensive for holders of other currencies.

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Vodafone Idea Up Over 4% Big Re-Branding Announcement

The name Vi, read as 'we' reflects the collective nature of Indian society. It is not just about me, it's especially about "we", Vodafone Idea said in a press release.

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Vodafone Idea To Rebrand As Vi 3 Years After Mega Merger

Vodafone Idea looks to change its image three years after it announced the biggest merger in India's telecoms market.

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"Vodafone, Idea Brands now Vi": Vodafone Idea CEO Unveils New Brand

The rebranding initiative by the telecom company comes amid intense competition in the country's telecom sector amid piles of debt.

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Shapoorji Pallonji Group Company Bags Rs 1,600 Crore Project In Australia

The new projects have been secured from global independent power producer (IPPs), the work for which is expected to start immediately.

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Vodafone Idea Soars Over 10% Ahead of Corporate Announcement

Vodafone Idea had said on Friday it would raise fresh capital of up to Rs 25,000 crore in an effort to pay off the hefty dues it owes to the government.

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Receive Latest Fuel Rates On Your Mobile, Here's How

Currently, oil marketing companies such as Indian Oil review petrol and diesel rates in different parts of the country on a daily basis.

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Happiest Minds IPO Opens For Subscription. Key Things To Know

Happiest Minds initial public offer (IPO) opened for subscription on Monday i.e. September 7, 2020 and will remain open for three trading days till September 9, 2020.

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Diesel Prices Marginally Cut In Metros, Petrol Unchanged

Currently, Indian Oil, Bharat Petroleum and Hindustan Petroleum review petrol and diesel rates in various parts of the country on a daily basis.

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Sensex Drops Over 350 Points From Day's High Amid Choppy Trade

Domestic stock markets started Monday's session on a choppy note, amid sluggish trade in Asian equities as investors avoided making big bets on growing concerns about a delayed recovery from the...

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Happiest Minds IPO Set To Open On Monday. Here's All You Need To Know

Happiest Minds IPO: The initial public offer (IPO) will remain open for subscription for three trading days from September 7 to September 9, 2020, at price band of Rs 165-166 per share.

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Petrol, Diesel Prices Remain Unchanged On Sunday

In Delhi, the prices of petrol were left unchanged at Rs 82.08 per litre and diesel rates were steady at Rs 73.27 per litre, according to Indian Oil Corporation,

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Petrol, Diesel Prices Remain Unchanged On Sunday

In Delhi, the prices of petrol were left unchanged at Rs 82.08 per litre and diesel rates were steady at Rs 73.27 per litre, according to Indian Oil Corporation,

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All You Need To Know About Small Savings Schemes Available In Post Office

The interest rates applicable to the government-run small saving schemes are reviewed on a quarterly basis.

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Sensex, Nifty Register Weekly Loss Of 2%

Benchmark indices Sensex and Nifty had rallied more than 50 per cent since a coronavirus-triggered crash in the markets in March

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Cooperation Among States To Take India Towards $5 Trillion Faster: Centre

The State Business Reform Action Plan 2019 Ranking was released by Union Finance Minister Nirmala Sitharaman via video conference.

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Crisil Reaffirms Ratings On Welspun Corp Bank Facilities

Crisil withdrew its ratings on Welspun Corp's non-convertible debentures of Rs 900 crore of the company.

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Diesel Price Marginally Cut, Petrol Rate Left Unchanged

Currently, Indian Oil, Bharat Petroleum and Hindustan Petroleum review the petrol and diesel rates in various parts of the country on a daily basis.

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Vodafone Idea To Raise Up To Rs 25,000 Crore

The plan to raise fresh capital also comes as the country's third largest telecom operator grapples with an erosion in subscriber base due to a price war triggered by Reliance Industries' telecoms...

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Government Open To Raising Auto Import Duty: Piyush Goyal

The government wants companies to reduce imports, increase domestic production and play a bigger role in the global supply chain in an effort to make the country more self-reliant.

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SoftBank Group Partners With Oyo In Latin America

Oyo has been forced to cut costs and rein in its expansionist strategy in global markets by reducing its hotel footprint and laying off employees.

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Domestic Silver Futures End Volatile Session Marginally Lower

The MCX silver futures contract settled at Rs 66,860 for the day, down 0.10 per cent - or Rs 66 - from its previous close of Rs 66,926.

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Trade Union Writes To Finance Minister Seeking Moratorium Extension

Trade association with lakhs of members across India has written to Union Finance Minister Nirmala Sitharaman seeking extension on moratorium for repayment of loans.

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Hotel Chain Oyo Extends Furloughs For Some Indian Employees

On Friday, Oyo said recovery in business was taking longer than expected following the coronavirus lockdown

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Crude Oil Price Holds Above $44 Per Barrel Mark, Heads For Weekly Drop

Oil has recovered since April, when Brent slumped to a 21-year low below $16 and US crude briefly went into negative territory.

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Rupee Jumps By 33 Paise To Close At 73.14 Against Dollar

On a weekly basis, the domestic currency gained 25 paise vis-a-vis US dollar.

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All You Need To Know About Current Oil Price

Global benchmark Brent futures were last seen trading at $44.69 per barrel, down 21 cents - or 0.47 per cent - compared to their previous close.

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Domestic Gold Futures Edge Lower To Rs 50,881 As Equities Fall

In the international market, spot gold was last seen trading 0.34 per cent higher at $1,944.30 per ounce, having risen to as high as $1,949.30 per ounce earlier on Friday.

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Spot Gold Rises As Equities Retreat; US Jobs Data In Focus

Lower bond yields reduce the opportunity cost of holding non-interest bearing gold.

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Global Stocks Ease Off Record Highs Ahead Of US Jobs Data

Foreign exchange markets were on edge at the possibility and a safety bid helped the dollar cling to gains that have it headed for its best week in more than two months.

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Sensex Falls 700 Points Amid Weak Global Cues; Financial Stocks Worst Hit

Domestic stock markets declined close to 2 per cent on Friday, tracking broader losses in global markets on fading optimism about a fast recovery from the coronavirus pandemic. The S&P BSE Sensex...

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Sensex, Nifty Continue To Reel Under Losses On Weak Global Cues

Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Bank index's nearly 2 per cent fall.

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Companies Raise Record $31 Billion Equity Capital In Shrinking Economy

Banks have been the most active issuers, raising $13.68 billion, followed by the energy and power sector with $7.05 billion.

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Sovereign Gold Bond Subscription Window Closes Today

The sixth and last series of the government's gold bond programme - called Sovereign Gold Bond - ends for subscription today. That means, today is the last day to purchase Sovereign Gold Bonds in the...

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Sensex Drops Over 650 Points As Global Markets Tumble: 10 Things To Know

Domestic stock markets started Friday's session sharply lower amid a selloff across sectors led by financial stocks, tracking broader losses in global markets on fading optimism about a fast recovery...

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Petrol, Diesel Rates Unchanged On Friday

In Delhi, the prices of petrol and diesel remained at Rs 82.08 per litre and Rs 73.40 per litre respectively, according to Indian Oil notifications.

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Spot Gold Hits Near 1-Week Low As Dollar Continues To Rise

The dollar index rose for a third straight session against its rivals, making gold expensive for holders of other currencies.

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Domestic Gold Futures Finish Volatile Session Mildly Higher At Rs 50,920

Gold Price Today: The MCX gold futures contract settled at Rs 50,920, up 0.19 per cent - or Rs 99 - for the day.

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Amazon, Verizon May Invest Over $4 Billion In Vodafone Idea: Report

The news comes days after the Supreme Court ruled that mobile carriers must settle government dues within 10 years.

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Loans Under Moratorium Till August 31 Not To Be Declared NPAs: Top Court

The government had earlier told the Supreme Court that idea of moratorium was to defer payments due to lockdown and NOT to waive interest.

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Loans Under Moratorium Till August 31 Not To declared NPAs: Supreme Court

The government had earlier told the Supreme Court that idea of moratorium was to defer payments due to lockdown and NOT to waive interest.

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Diesel Price Cut For First Time In Nearly 6 Months

In Delhi, the diesel rate was reduced by 16 paise per litre with effect from 6 am on Thursday.

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Sensex, Nifty End Flat; Banking Shares Fall, IT Stocks Gain

Twelve of 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Consumer Durables index's 3.5 per cent gain.

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Rupee Closes At 73.47 Against Dollar, Extends Losses To Second Day

Rupee Vs Dollar Today: The rupee moved within a narrow range, between 73.21 and 73.39 against the US dollar in the first half of the four-hour session.

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Vodafone Idea Surges On Report Amazon, Verizon Resume Investment Talks

Vodafone Idea had reported loss of Rs 25,460 crore in quarter ended June 30 from loss of Rs 4,874 crore in same quarter last year.

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Top Banks Pay These Returns On Fixed Deposits Now

Currently, the country's biggest lenders provide annual returns to the tune of 5.4-5.5 per cent to the general public, and 6.2-6.25 per cent to senior citizens, on fixed deposits.

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SBI Lowers 2020-21 GDP Forecast To 10.9% From 6.8%

SBI expects the real GDP to decline in the range of 12-15 per cent in the second quarter (July-September), and 5-10 per cent in the following quarter (October-December), according to the report.

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Sensex Falls Over 250 Points From Day's High; Markets Give Up Early Gains

ICICI Bank, Hindalco, Mahindra & Mahindra, Britannia and NTPC were the top losers in the 50-scrip Nifty basket.

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Rupee Weakens By 30 Paise Against Dollar

Rupee Vs Dollar Today: The rupee moved within a narrow range, between 73.21 and 73.39 against the US dollar in the first half of the four-hour session.

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Short Payment Time Frame For AGR Dues May Weaken Telecom Industry: Report

The Supreme Court on Tuesday allowed a 10-year payment term as against 20 years proposed by the government, with 10 per cent upfront payment for repayment amounting to about Rs 90,000 crore.

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Aviation Shares Soar As Domestic Flight Operations Raised To 60%

The Centre started the flight operations in a calibrated manner, beginning with 30 per cent on May 25 and progressively increasing it to 60 per cent as of date

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Sensex Rises 150 Points Amid Gains Across Sectors

Shares elsewhere in Asia began the day on a strong note as a sustained recovery in China's services sector and the prospect of additional US stimulus whetted risk appetite.

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Sovereign Gold Bond Subscription Window Closes Soon. Should You Buy?

Sovereign Gold Bond Scheme 2020-21: Subscribers can even earn an interest on their investment in gold bonds; this is on top of the gold-linked return.

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Diesel Prices Cut By 15-16 Paise Across Metros, Petrol Remains Unchanged

In Delhi, the price of diesel was lowered to Rs 73.40 per litre from Rs 73.56 per litre, while petrol was constant at Rs 82.08,according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Positive Opening

The domestic stock markets are likely to open in the green, following strong closing on Wall Street overnight, firm Asian markets and positive indications from early SGX Nifty trading.

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Domestic Gold Futures Drop Nearly 1% As Global Rates Ease

The MCX gold futures contract settled at Rs 51,067, down 0.84 per cent - or Rs435 - for the day.

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Adani Takes Control Of Mumbai Airport, No Mention Of COVID-19 Impact

Credit rating agency Fitch in a note last month forecast consolidation in the Indian aviation sector and warned of a slow rebound in demand

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How To Give Your Car Or Bike Added Protection During Monsoon

It is wise to give your vehicle some added protection during the rainy reason.

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Spot Gold Rate Eases As Recovery Hopes Gain Traction

A stronger greenback makes gold expensive for holders of other currencies.

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Rupee Weakens To End At 73.03 Against Dollar Tracking Asian Currencies

Domestic stock markets gave up early gains amid volatile trade on Wednesday, weighed down by banking stocks.

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Sensex Closes 185 Points Higher As Markets Extend Gains To Second Day

Losses in banking and financial services stocks offset gains in IT, metal and energy shares.

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Sensex Drops Over 300 Points From Day's High Amid Volatile Trade

Official data this week showed the country's gross domestic product contracted 23.9 per cent in the June quarter, its worst contraction on record.

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Rupee Drops By 26 Paise, Back Above 73 Mark Against Dollar

Strength in the dollar overseas and a sluggish movement amid volatile trade in the domestic equity markets hurt the rupee, according to analysts.

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Banks Free To Restructure Loans, But Can't Penalise Borrowers, Top Court Told

Banks are free to restructure loans but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday....

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Vodafone Idea Gains Nearly 9% Post Supreme Court AGR Verdict

On Tuesday, the Supreme Court had given telecom companies 10 years to clear their adjusted gross revenue dues, thus ending the uncertainty over dues and re-payment tenure.

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Assam Economy To Be Revived By December Quarter: Himanta Biswa Sarma

Sarma further added that the state government will come out with a special compensation package to assist those affected by the COVID-19 induced lockdown by the end of this year.

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Hero MotoCorp Domestic Sales Rose 7.5% in August

On a sequential basis, the company registered a sales growth of 13 per cent. Thecompany had sold 514,509 units inthe previous month i.e. July 2020.

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Sensex Rises Over 50 Points, Nifty Near 11,500 Amid Choppy Trade

Official data this week showed the country's gross domestic product contracted 23.9 per cent in the June quarter, its worst contraction on record.

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Petrol, Diesel Prices Unchanged On Wednesday

Petrol, Diesel Price: In Delhi, the price of petrol was constant atRs 82.08 anddiesel was untouched at Rs 73.56 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Subdued Opening

Asian shares were trading mostly higher, encouraged by buoyant U.S. moves that followed stronger-than-expected manufacturing indicators while the dollar emerged from its recent lows against the euro.

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August Diesel Sales Fall 13% From July, Indicates Lower Industrial Output

State-refiners sold 4.26 million tonnes of diesel in August, a drop of 13 per centfrom July and a 22.3 per centfall from a year earlier

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In Just A Few Hours, Zoom CEO Became $4 Billion Richer

Shares of his virtual-meeting company surged as much as 26 per centto $410 in late UStrading as it reported a jump in quarterly revenue

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Sensex Continues Upmove After A Day's Pause; Telecom Stocks Jump

Gains in automobile, metal, consumer goods and pharmaceutical shares pushed the markets higher.

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Mahindra Automotive Sales Down 16% In August, Tractor Sales Up 65%

Mahindra & Mahindra's stock finished slightly higher on Tuesday, closing 0.42 per cent above previous closing

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Sensex, Nifty Continue To Rise After A Day's Halt

Mid- and small-cap indexes close don a mixed note as the Nifty Midcap 100 index rose nearly 1% while Nifty Smallcap 100 index rose 0.3%.

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Rupee Appreciates To 72.87 Against US Dollar

Forex traders said the domestic unit gathered momentum after the Reserve Bank of India announced various steps to ease pressure on liquidity.

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Power Output Falls For Sixth Straight Month In August

Power use during the second half of August in states such as Maharashtra and Gujarat declined by about 15 per cent each

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Sensex Surges Nearly 600 Points; Bharti Airtel Gains 8% After AGR Ruling

The overall market breadth was negative as 1,540 shares were declining while 953 were advancing on the BSE.

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Vodafone Idea Crashes 20%, Airtel, RCom Stocks Rise On AGR Verdict

Vodafone Idea Limited which owes more than Rs 50,000 crore in AGR-related dues had sought 15 years to pay its part

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Construction Industry Crashes 50%, Manufacturing 39% As GDP Falls 24%

The country's GVA or gross value added at constant price declined 22.8 per cent in the first quarter of current financial year, as against a 3 per cent rise in the January-March period.

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Top Court Gives Telecom Firms 10 Years To Pay Dues, Contempt If Default

The bench led by Justice Arun Mishra pronounced its verdict, laying down the timeframe for telecom companies to clear their dues.

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Loan Moratorium Can Be Extended For 2 Years: Centre To Supreme Court

The central government on Tuesday informed Supreme Court that loan moratorium period can be extended by two years as per the RBI's circular.

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Factory Activity Grows For First Time In Five Months In August

Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 52.0 in August from 46.0 in July.

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Bond Yields Plunge, Rupee Soars On RBI Stability Measures

The benchmark 10-year bond yield dropped as much 20 basis points (bps) in opening trade and was down 16 basis points (bps) at 5.96% at 10:42 am.

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L&T Sells Electrical And Automation Business To Schneider Electric

Meanwhile, the Defence Ministry signed contract with L&T, Bharat Earth Movers and Tata Power Company, on Monday to supply six Pinaka regiments to Indian Army by 2024.

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Maruti Suzuki Domestic Sales Rose Nearly 22% In August

Maruti Suzuki on Tuesday reported domestic sales of 115,325 units in August 2020, marking agrowth of 21.7 per cent compared to corresponding month last year.

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Non-Subsidised Cooking Gas Rates Nearly Unchanged In Metros

Currently, the government subsidises 12 LPG cylinders of 14.2 kilograms each per household every year. The consumer has to make any additional purchases of LPG cylinders at the market price.

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Sensex, Nifty Flat Amid Volatile Trade

At 10:01 am, the Sensex traded 36.12 points - or 0.09 per cent - higher at 38,664.41 while the Nifty was down 11.95 points - or 0.10 per cent - at 11,375.55.

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Sensex Jumps Over 400 Points, Nifty Tops 11,500 Amid Gains Across Sectors

Consumer spending, private investments and exports all collapsed during the world's strictest lockdown imposed in late March to combat the COVID-19 pandemic.

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Jobs App For Poor Workers Used By Amazon, BigBasket Raises $8 Million

The app helps first-time internet users access job opportunities by entering their name, age, and skills to generate a virtual "business card" that's shared with potential employers.

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-24%: India On Track For First Full-Year Contraction In 4 Decades

Gross domestic product shrank 23.9% in the three months to June from a year earlier, the Statistics Ministry said in a report Monday.

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Petrol Prices Hiked by 4-5 Paise Across Metros On Tuesday

In Delhi, the price of petrol was hiked to Rs 82.08 from Rs 82.03 paise per litre, while diesel was untouched at Rs 73.56 per litre, according to Indian Oil Corporation.

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Sensex, Nifty Likely To Have A Firm Opening

The domestic stock markets are likely to open in the green, a day after plunging more than 2 per cent, going by early indications from Singapore Nifty futures trading.

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