Business

The company's revenue rose 23.9 percent to Rs 1,01,169 crore in the reported quarter as against Rs 81,651 crore in the year-ago period.

The funds could be critical at a time when the government is looking to boost spending to help counter the slowest economic growth in more than three years, but has been constrained in part by lower-than-expected tax collections.

As per the draft direction, an Electronic Trading Platforms (ETP) operator will be incorporated in India with full managerial and operational control exercised within India.

IIP growth during April-August period of this fiscal stood at 2.2 percent, down from 5.9 percent in same period in 2016-17.

Banks and exporters turned their back on the greenback. The rupee looked good, taking support from a higher opening in domestic stocks.

The data on pre-demonetisation accounts and transactions conducted during the cash ban period is "startling", the government stated.

Savitri Jindal and family ranked the highest at the 16th place on the coveted list with a net worth of $7.5 billion, which was topped by Mukesh Ambani for the 10th straight year with a net worth of $38 billion.

Reliance Industries chief Mukesh Ambani emerged as India's wealthiest for the 10th straight year as his net worth swelled to $38 billion (nearly Rs 2.5 lakh crore), while the wealth of 100 richest rose by 26 per cent despite economic hiccups.

Produced bi-annually by the China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London, a leading commercial think-tank, the GFCI report covers around 92 centres and 16 associate centres globally.

The Indian government has encouraged state-controlled refiners to buy US and Canadian crude from the US Gulf coast as it looks at cheaper alternatives that have emerged due to global supply glut.

The 30-share index, which had rallied 122.67 points in the previous sessions, was higher by 170.29 points, or 0.54 percent, at 31,452.77.

The Monetary Policy Committee of the Reserve Bank reduced the key interest rate (repo) by 25 basis points to 6 percent in August. The committee is scheduled to come out with next bi-monthly monetary policy decision on October 4.

India will grow from its current size of $2.5 trillion to over $7 trillion in the next 10 years to rank among the top three economies in the world, Mukesh Ambani said at the India Mobile Congress in New Delhi.

The Narendra Modi-led NDA government could either go for a fiscal stimulus (increase government expenditure more than budgeted or cut taxes to stimulate demand) or a monetary stimulus (cut benchmark interest rates). However, the latter doesn't seem very l...

The BSE 30-share barometer tumbled 287.50 points, or 0.90 per cent, to 31,634.94. The gauge had slumped 501.22 points in the previous four sessions.

The GDP expansion hit a three-year low of 5.7 percent in the April-June quarter with India losing the fastest-growing economy tag to China for the second straight quarter.