Business
Rupee Gains 20 Paise to 69.75 Against Dollar in Opening Trade
The weakening of the US dollar against some currencies overseas aided the local unit despite significant foreign fund outflows and rising crude oil prices weighing on the rupee.
From 2.08 Lakh, Number of ATMs Declines to 2.07 Lakh in 2018, Says RBI Report
Similarly, the number of operational on-site ATMs too came down to 1.06 lakh during the year from 1.09 lakh in FY17, while that of off-site ATMs increased to 1 lakh from 98,545.
Petrol Price at Its Cheapest Level in 2018, Diesel Rates at Four-Month Low
Oil prices slumped almost 7 percent to the lowest level in more than a year on Wednesday, as fears of an economic slowdown rattled the markets.
State-Run Banks on Strike Again Today Over Big Merger, Services to be Affected
The strike is carried out against the merger of Vijaya Bank and Dena Bank with Bank of Baroda and also demanding the immediate settlement of wage negotiations.
Rupee Gains Eight Paise Against Dollar in Early Trade
The rupee gained eight paise against the US dollar on Monday to trade at 70.10 in on selling of the US currency by exporters and banks.
Oil market Likely to Rebalance Early 2019, Says OPEC Ministers
There has been higher than anticipated supply on the market in recent months, as US sanctions on Iran have had a less pronounced effect on the country's oil exports than had been expected.
Sensex, Nifty Turn Choppy on Weak Global Cues
After falling over 100 points in opening session, the 30-share Sensex was trading 14.82 points, or 0.04 per cent, higher at 36,416.85. The index had finished 52.66 points, or 0.14 per cent, lower at 36,431.67 Thursday.
Rupee Rallies 69 Paise, Settles Below 70-mark
This is the fourth straight session of gains for the rupee, during which it has rallied by a hefty 220 paise.
Sensex, Nifty Open Lower After US Fed Rate Hike
Benchmark indices fell sharply in early trade on Thursday on weak global cues after the US Federal Reserve raised its key interest rate for the fourth time this year, and signalled more, but slower pace of rate hikes next year.
Relief in Sight for 50,000 Noida Flat Buyers as Authority Plans New Agreement
The Gautam Buddh Nagar administration said an "agreement for sub lease" between buyers and builders could be signed if there is a delay in getting other documents.
In Its 2nd Largest Investment This Year, Shell to Acquire 49% Stake in Cleantech Solar
This investment will be Shell's second major solar investment this year, giving it an immediate path to an established commercial and industrial platform in Southeast Asia and India.
Demonetisation Hit India's Growth But Official Data May Have Missed it, Says Paper by Gita Gopinath
Four economists — Gabriel Chodorow-Reich and Gita Gopinath of Harvard University, Prachi Mishra of Goldman Sachs and Abhinav Narayanan of the Reserve Bank of India — have recently published a research paper at the US National Bureau of Economic Research o...
Sensex Rallies for 6th Session in a Row; Pharma, Metal Stocks Shine
The hectic buying in late afternoon trade reversed the day's losses and helped the Sensex scale 36,375.38 before settling 77.01 points, or 0.21 per cent, higher at 36,347.08.
Customers Queue up Outside Banks as Deadline to Replace Debit Card Approaches Near
The move has been initiated to tackle issue of electronic frauds such as cloning, skimming and misuse of lost cards, instances of which have been increasing.
Book Gold for as Little as Re 1, E-tailers Go All Out to Woo Consumers
E-tailers, in order to revive the dying demand for gold in a country that boasts of being the second-largest consumer, have now adopted the strategy that real estate developers introduced when the sector was experiencing a slump
SpiceJet Likely to Join Global Airlines Group
The grouping has a membership of around 290 airlines that represent about 82% of total air traffic.
