Business
Gold Weakens on Muted Demand; Silver Rises
Traders said easing demand from local jewellers as well as retailers at the domestic spot market led to the decline in prices, but a firm trend overseas capped the fall.
Reliance Capital Plans to Reduce Debt by Rs 10,000-12,000 Crore in 3-4 Months
In a release, the company Thursday said it would monetise 43 per cent of its stake in Reliance Nippon Life Asset Management (RNAM) and 49 per cent shareholding in Reliance General Insurance Company Ltd (RGICL).
Rupee Gains 2 Paise to 71.22 Against Dollar in Early Trade
A dip in crude oil prices and fresh foreign fund inflows supported the domestic unit, which had skidded by 13 paise to close at 71.24 on Thursday.
Shares of Public Sector Banks Jump Up To 19% After Govt Announces Infusion of Rs 48,239 Crore
With this funding, the total amount of capital infusion would increase to Rs 1,00,958 crore of the planned recapitalisation of Rs 1.06 lakh crore for PSBs for the current fiscal.
Sensex, Nifty Start on a Positive Note, Bank Stocks Jump After Infusion of Rs 48K Crore in Public Sector Banks
Top gainers in the Sensex pack on Thursday include ICICI Bank, Vedanta, ONGC, SBI, HUL, Bajaj Finance, Tata Motors, Sun Pharma, HUL and Axis Bank, rising up to 2.23 per cent.
Rupee Rises 9 Paise to 71.02 Versus US Dollar in Early Trade
On Wednesday, the rupee had appreciated by 23 paise to end at 71.11 against the US dollar.
Sensex Snaps Nine-session Slump on Value Buying, Global cues
In the past nine sessions, the Sensex had lost 1,622.62 points, while the Nifty cracked 465.05 points over eight trading days.
India's E-commerce Sector to Touch 200 Billion Dollars by 2027, Says Morgan Stanley
The overall retail market is growing and online is only taking away market share from offline channels due to pricing attractiveness, convenience, and aggregation of demand.
US Sanctions Help Venezuelan Oil Find Its Way into Indian Market
The South American nation is turning its focus to cash-paying buyers, especially in India, its second-largest customer after the United States, amid US sanctions designed to undercut financial support for Venezuelan President Nicolas Maduro.
Finance Ministry to Take Up Demands to Reserve Bank on Prompt Corrective Action, Interim Dividend, SME Loan Easing
The government wants the capital norms to be relaxed.
India Introduces Electronic Tracking System for Nepal-bound Cargos
This is a significant step towards automating customs transit facilitation between the two countries and renews the commitment of government of India to improve the transit facilities for Nepalese trade, the Indian embassy in Nepal said in a statement.
Rupee Declines 17 Paise Against US Dollar in Early Trade
The strengthening of the US dollar and persistent outflow from the domestic capital market weighed on the domestic currency.
Yes Bank Shares Zoom 31%; M-cap Rises by Rs 12,025 Crore
The shares zoomed 30.73 per cent to close at Rs 221 on BSE. Intra-day, it advanced by 32.32 per cent to Rs 223.70.
RBI Imposes Rs 5 Crore Penalty on Four PSU Banks, Including SBI
The monetary penalty on the banks has been imposed for non-compliance with various directions issued by RBI on monitoring of end use of funds, exchange of information with other banks, classification and reporting of frauds, and on restructuring of accoun...
Sensex Drops 151 Points on Heavy Selloff in Auto, Bank Stocks
Investors were cautious ahead of industrial production and inflation data due this week, amid as global growth worries, including the US-China tariff tiff, and lacklustre corporate earnings, traders said.
RBI Slaps Fine of Rs 1 cr on SBI For Not Monitoring End Use of Funds
SBI, however, did not share details of the borrower and the loan amount given to the borrower.
