Business

On Tuesday, the rupee had climbed 35 paise to close at nearly two-week high of 73.48 per dollar amid softening crude oil prices and easing concerns over the trade deficit.

The Bengaluru-headquartered company posted a 17.3 percent rise in revenue from operations to 206.09 billion rupees.​

India had contracted to import about 25 million tonnes of crude oil from Iran in the fiscal year 2018-19 (April 2018 to March 2019), up from 22.6 million tonnes imported in 2017-18.

The company listed $6.9 billion in assets and $11.3 billion in liabilities in documents filed in the U.S. Bankruptcy Court in the Southern District of New York.

The cumulative erosion suffered by the three companies was higher than the combined gain of Rs 97,498.38 crore made by the rest of the seven firms.

The letter comes as relations between Washington and New Delhi are strained over multiple issues, including an Indo-Russian defence contract, India's new tariffs on electronics and other items, and its moves to buy oil from Iran despite upcoming US sancti...

NPAs of India's public sector banks more than tripled between June 30, 2014 and the end of December 2017, the Reserve Bank of India said in response to an RTI in September, 2018.

Both indices ended the week higher for the first time in six weeks. During the period the Sensex climbed 366.59 points and Nifty rose 156.05 points.

The BSE benchmark Sensex Thursday crashed over 1,000 points to slip below the key 34,000-mark in early trade, tracking a global sell-off.

The National Aviator's Guild (NAG) told its members the management has conveyed that it is not in a position to honour the October 11 commitment for part payment of salaries and no firm date has been given for making the payment.

This is the first time Dharmendra Pradhan has spoken about India's stand on buying Iranian oil once the US sanctions on Iran come into force from November 4.

Yes Bank emerged top Sensex gainer by rising 4.63 per cent, followed by Reliance Industries Limited gaining 4.08 per cent.

The wider National Stock Exchange index Nifty too tanked 282.80 points, or 2.67 per cent to close at 10,316.45 points. Intra-day, it hit a low of 10,261.90 soon after RBI's policy announcement.

Rising U.S. interest rates, capital outflows from emerging markets and India's weakening balance of payments and current account deficit are also expected to make the central bank act.

Earlier, the IDBI Bank board approved the proposal for issuance of preferential shares in favour of LIC with a view to increase the share of insurer in the bank up to 51 per cent.

While noting that the salaries had risen by the same quantum in 2018, it attributed the high salary increments compared to other countries in the region to the steady economic growth, progressive reforms and cautious optimism across sectors.