Business News Updates

New Delhi: The Regional Director (Western Region) of Ministry of Corporate Affairs has conducted an Inspection of DHFL and submitted the inspection report to the Finance Ministry and as per that it has a total loan portfolio of Rs 95,615 crore, Lok Sabha was informed on Monday. The Regional Director (Western Region) has conducted an […]

Mumbai: Equity benchmark Sensex surged nearly 530 points to scale a new closing peak of 40,889.23 on Monday, buoyed by renewed optimism over US-China trade deal and government’s divestment measures to curb the fiscal deficit. Further, reconstruction of Sensex indices and hopes of a rate cut by the Reserve Bank in the upcoming monetary policy […]

Mumbai: The benchmark Sensex on Tuesday surpassed the 41,000 mark during the early trade and touched a lifetime high of 41,120.28. At 10.18 a.m., the Sensex was up 67.87 points at 40,957.10 while the Nifty traded 21.65 higher at 12,095.40. The broader Nifty logged an intra-day high of 12,132.45. Zee Entertainment traded over 6 per […]

New Delhi: India Ratings and Research (Ind-Ra) has revised its 2019-20 India GDP growth forecast downwards to 5.6 per cent from an earlier estimate of 6.1 per cent. The agency in a report also said new projections suggest that that GDP growth in the second quarter (2Q) of the current fiscal is likely to be […]

New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the proposal to increase the authorised capital of Food Corporation of India (FCI) to Rs.10,000 crore. The current authorised capital of FCI is Rs 3,500 crore. “The Cabinet Committee on Economic Affairs has approved to increase the authorised capital of Food Corporation of […]

New Delhi: The Union Cabinet on Wednesday approved the extension of the term of the 15th Finance Commission headed by N.K. Singh. Its term was scheduled to end on November 30. Post the extension, the Commission will submit two reports, the first for the financial year 2020-21 as well as the final report for financial […]

New Delhi: New regulations that also provide real time power regulating are likely to come into effect from April 1, 2020, sector regulator Central Electricity Regulatory Commission (CERC) said on Wednesday. Addressing the Power Forum 2019 here organised by the India Energy Forum, CERC Chairman P.K. Pujari said the new regulations are being designed to […]

Mumbai: Domestic equities opened at their record peaks as BSE Sensex jumped over 143 points to 41,164 in early trade on Thursday tracking gains in index-heavyweights TCS, ICICI Bank and L&T ahead of November derivatives expiry. After hitting its life-time high, the 30-share index pared some gains to trade 52.93 points or 0.13 per cent, […]

Mumbai: Oil to telecom major Reliance Industries (RIL) on Thursday surpassed the Rs 10-lakh-crore in market capitalisation, becoming the first Indian company to do so. RIL hit its 52-week high on the BSE at Rs 1,581.25 a share, rising 0.64 per cent. While RIL gained nearly 40 per cent during the last year, the Nifty50 […]

Mumbai: The Sensex and Nifty on Thursday ended at record closing highs ahead of the release of the GDP numbers on Friday, which is widely expected to fall to a decadal low, but investors seemed to focus on the easing of trade tension between the US and China. The largest index contributor, Reliance Industries (RIL), […]

New Delhi: With a view to become more nimble and have a sharper focus on growth and profitability, ride-hailing platform Ola has decided to restructure and redesign the company, starting with trimming its 4,500-strong workforce by 5-8 per cent which will be nearly 350 employees, company sources told IANS on Friday. The move is seen […]

New Delhi: Hospitality unicorn OYO’s valuation has almost doubled in a year, reaching $10 billion between September 2018 and October 2019, despite significant losses in the financial year ending on March 31. The losses have reportedly mounted due to the rise in operating expenses fuelled by the company’s aggressive expansion in overseas markets. The provisional […]

New Delhi: Petrol prices in the country increased for the second consecutive day on Saturday whereas diesel prices remained unchanged. The crude oil prices in the international market edged lower by $3 a barrel in the last week. Petrol has become costlier by five paise per litre in Delhi, Kolkata and Mumbai and by six […]

New Delhi: Festive season demand helped the government collect Rs 1.03 lakh crore in goods and services tax (GST) in the month of November, up 6 per cent over the same month last year. The positive growth, a possible sign of recovery, has come after two months of negative growth. During the month of November, […]

New Delhi: The Reserve Bank may cut interest rates for the sixth straight time on December 5 to support growth that has continued to slip to more than six-year low on a slump in manufacturing, bankers and experts said. RBI has cut interest rates on every single occasion the multi-member monetary policy committee (MPC) has […]