Business

Industrial profit fell 9.9% in October year-on-year to 427.56 billion yuan ($60.74 billion), data released by the National Bureau of Statistics showed on Wednesday, marking the biggest drop since January-February period and compared with a 5.3% decline in...

The unions, representing more than half of BSNL employees, have alleged that the management is threatening employees of reduction in retirement age to 58 years and far away postings if the employees don't opt for VRS.

Zee Entertainment shares touched an intra-day high of Rs 364 but later pared gains to trade at Rs 329.70, up 7.4% from its previous close.

Bharti Airtel and Vodafone Idea, India's second and third-biggest telecom service providers, respectively, came out with unprecedented losses largely a result of the two setting aside cash to pay disputed dues to the government for AGR payment to governme...

In a statement, Tata said it was urgently seeking to improve performance by increasing sales of higher value products, efficiency gains and reducing employment costs by cutting employee numbers by up to 3,000 across its European operations.

India plans to float global tenders for the first time for coal mining blocks before end-2019, sources familiar with the matter told Reuters in August, a move that could end Coal India Ltd's near-monopoly on the fuel.

At the interbank foreign exchange the rupee opened at 71.67, then gained further ground and touched a high of 71.59, registering a rise of 19 paise over its previous close.

The ministry also mentioned that an expert panel has recommended that 2017-18 would not be an appropriate fiscal to be used as a base year for new GDP series.

The apex court also held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court in a case filed by Japanese firm Daiichi Sankyo.

At 9:45 am, Bharti Airtel shares were trading at Rs 369.60, up 2%, after hitting day’s high of Rs 373.25. Notably, the stock has risen over 32% in the last one year.

On November 6, the ministry had liberalised fumigation provisions under the Plant Quarantine (PQ) Order, 2003 till November 30 to facilitate import of the key kitchen staple from Afghanistan, Egypt, Turkey and Iran.

Active funds have historically outperformed passive funds in India when share price moves were more broad-based and market inefficiencies helped stock pickers as they hunted for shares whose prices were not truly reflective of their worth.

A single return could cost an e-retail company Rs 50-150 depending on the size of the parcel.

Ashok Leyland Ltd shares dived as much as 7.3% after the company said net profit fell 92.6% to Rs 38.9 crore in the September quarter versus Rs 527.7 crore a year ago.

On Friday evening, barely four days after the scheme was rolled out, the number of BSNL employees opting for VRS had swelled to 57,000, and the figures when combined with those of state-owned MTNL had exceed 60,000.

Shares of the private sector lender closed at Rs 70.45 apiece, up 24.03 per cent. Intra-day, the shares zoomed 34.94 per cent to Rs 76.65 apiece on the BSE.