Business

The counsel for the auditors argued that they are neither related to the management of any IL&FS company nor are involved with the day-to-day management of the crippled group that owes close to Rs 1 lakh to the system.

In order to break the deadlock, drug controllers of India and China along with senior commerce ministry officials and diplomats held a nine-hour meeting in the eastern city of Shanghai which is the first of its kind.

Wealth and state pension funds are expanding their horizons to private markets, along with focus on stocks and bonds. The BJP's election win last month is expected to stimulate further foreign investment.

Top gainers in the Sensex pack in early trade included Tata Steel, Kotak Bank, Vedanta, Tata Motors, Axis Bank, Yes Bank, SBI, IndusInd Bank, Maruti, HDFC twins and RIL.

Last week, Reliance Capital informed that PwC has ceased to be the statutory auditor citing ‘certain observations’ during its ongoing assessment of FY'18-19 which, if not resolved, could be significant to the financial statements.

Citing competition in key segments as the main reason for downgrade, Goldman Sachs revised the target price for the Dabur India stock to Rs 334 from the previous Rs 375.

Nine investors, including a couple who had invested Rs 1.76 crores, have filed a complaint against the Karvy group in Bengaluru’s Basavanagudi police station claiming that they have been cheated of Rs 3.81 crore.

The National Anti-profiteering Authority was formed in 2017 originally for two years to deal with complaints by consumers against companies for not passing on GST rate cut benefits.

The deficit, the difference between exports and imports, was USD 14.62 billion in May 2018, according to a commerce ministry data.

The Governing Council meeting of Niti Aayog will discuss drought situation, farm distress, security concerns of Naxal-affected districts and structural reforms in the agriculture sector.

After slumping over 300 points during the day, the BSE gauge pared some losses to settle 193.65 points, or 0.48 per cent, lower at 39,756.81. The index hit an intra-day low of 39,623.53 and a high of 39,982.10.

The RBI uses open market operations (OMO) for injecting liquidity into the system through the purchase of government bonds (G-sec).

Following up on the announcement of June 6 after the bi-monthly monetary policy review, the RBI said it has reviewed the various charges levied by it on the member banks for transactions through the RTGS and NEFT systems.

Salesforce is an American cloud-based software company headquartered in San Francisco that mainly deals in customer-relationship management (CRM) service.

According to Manpower Group's survey, hiring intentions marginally declined by four percentage points when compared with the year ago period (July-September quarter of 2018).

The benchmark stock market indices were trading with modest gains on Tuesday. Asian markets were also trading higher tracking gains in the US market.