Tag: Business

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty opened on a cautious note on Friday tracking weak global cues, amid sustained foreign fund outflow. The 30-share index was trading 3.11 points or 0.01 per cent higher at 37,834.09 at 0945 hours; and the broader Nifty was also quoting flat at 11,252.15. In the previous […]

Mumbai: The rupee deprecated by 38 paise and fell to 71 per dollar mark in early trade on Tuesday amid strengthening of the American currency and weak opening in domestic equities. Forex traders said the strength of the US dollar against other overseas currencies and concerns about US-China trade negotiations also kept investors edgy. At […]

New Delhi: As gold prices have been soaring for some time now, experts feel the yellow metal will stay higher in comparison to the oil prices for a prolonged period. A recent report by natural resources investing company — Goehring & Rozencwajg — said that as central banks seem interested to continue their buying spree […]

New Delhi: In most cases it takes a tragedy to bring the worlds focus to a plight prevailing for long, the same happened with V.G. Siddhartha’s death, as it brought to light the dark side of the Indian entrepreneurial environment. Although the NDA government has put much emphasis on easing regulations for doing business, harassment […]

Mumbai: Domestic equity benchmark BSE Sensex rose over 100 points in early trade on Tuesday led by gains in IT stocks amid positive cues from global markets. The 30-share was trading 100.23 points or 0.27 per cent higher at 37,502.72 at 0930 hours; and the broader Nifty too rose 16.15 points or 0.15 per cent […]

Mumbai: The rupee on Friday declined below the 72 mark against the US currency in opening session due to continued foreign fund outflows and losses in the equity markets. The rupee fell by 22 paise to trade at a nine-month low of 72.03 against the US dollar in early session. The rupee traded in a […]

Mumbai: Sensex and Nifty turned choppy after opening slightly higher on Wednesday. The benchmark Sensex opened at 36,575.24 from its Tuesday’s close of 36,562.91. At 10.01 a.m., the Sensex was up 34.25 points or 0.09 per cent at 36,597.16. The Nifty was up 4.90 points or 0.05 per cent at 10,802.80. Nifty PSU Bank and […]

New Delhi: In the biggest reform in the fuel retailing sector in almost two decades, the government on Wednesday relaxed norms for setting up petrol pumps, allowing non-oil companies to venture into the business – a move that could help private and foreign firms to enter the world’s fastest-growing market. At present, to obtain a […]

New Delhi: Zomato on Tuesday announced it has acquired Uber’s Food Delivery Business in India in an all-stock deal and Uber will have 9.99 per cent stake in Deepinder Goyal-led food delivery platform. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato […]

Mumbai: The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India indicated a positive start for trading in Indian markets on Monday. In a much needed relief after the worst week since the 2008 financial crisis, the index was trading higher by 1.40 per cent to 8.61. Index futures of […]

Mumbai: The domestic stock market surged on Wednesday morning on the back of the Prime Minister’s announcement of Rs 20 lakh crore economic package. It has, however, receded from the intra-day high of 32,845.48 points. It had jumped 1,474 points during the initial trade to reach the day’s high. At 10.39 a.m., the BSE Sensex […]

Mumbai: India’s banks are staring at significant asset-quality challenges for at least the next two years despite regulatory measures, Fitch Ratings said on Thursday. Accordingly, Fitch estimates that the impact on impaired-loan ratios could be anywhere between 200bp-600bp, depending on the severity of stress and banks’ individual risk exposures. “The latest set of measures announced […]

New Delhi: The ongoing pandemic has hit every sector of the Indian economy hard and the retail trade in the country has lost about Rs 15.5 lakh crore in the past 100 days. In a statement, the Confederation of All India Traders (CAIT) said that the traders across the country are highly depressed because of […]

Dwelling in the past cocoons every generation in a comfort zone. Perennially under the spell of self-praise and in the illusion of own generation’s self-adulation, every age group of politicians assumes that their successors would be less worthy. They rue “things have changed”. Of course, they are supposed to change and ought to change. Whether […]