Business

That mirrors a recent sharp deceleration in global manufacturing activity as a protracted U.S.-China trade war took a toll on business sentiment, investment and overall growth.

India's infrastructure output fell 5.2% in September from a year earlier, the worst performance in years, government data showed on Thursday.

Forex dealers said that a positive opening in the equity market, weak dollar against other major currencies overseas and persistent foreign fund inflows supported the rupee.

The stake sale is for aggregate cash consideration of Rs 1 crore, ICICI Bank said in a regulatory filing. The stake transfer to various stake governments will be completed by the end of March 2020.

Amazon shares fell 7%, as revenue growth for the company's lucrative cloud computing business also slowed down in the third quarter, missing analysts' estimates.

From China to Turkey, from South Africa to major economies in Latin America, growth forecasts for next year were downgraded despite predictions for policy easing.

After gyrating over 486 points, the 30-share Sensex settled 38.44 points, or 0.10 per cent, lower at 39,020.39. It hit an intra-day low of 38,840.76 and a high of 39,327.15.

The rating agency, however, expects the government to support the banks directly rather than the finance companies.

ICICI bank now has a network of nearly 300 branches and extension counters in UP along with over 1,260 ATMs. Pan India, it has a wide retail network of 5,250 branches.

Excluding this massive tax write-down, the bank's standalone net has jumped 157 percent to Rs 2,026 crore.

The stress test examines the potential impact on banks of liquidity pressures in the NBFC sector developing into widespread failures.

Finance Minister Nirmala Sitharaman said industry leaders who are contemplating getting their businesses out of China are 'definitely considering India as the pitch'.

Soon after the registration of the FIR, different ACB teams carried out extensive searches at the houses of over a dozen accused J&K bank officials, at nine locations in Kashmir, four in Jammu and three in Delhi.

Finance Minister Nirmala Sitharaman had said business establishments with annual turnover of more than 50 crore should offer low cost digital modes of payment to their customers and the RBI and banks should absorb cost of transactions.

Shares of Reliance Industries ended 1.37 per cent higher ahead of its quarterly earnings, scheduled to be announced later in the day.

Satya Nadella received a $1 million base salary jump and an increase in stocks for the fiscal year 2019.