Tag: Business

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 […]