Business
SBI, Tata Motors, Patanjali Ranked as India's Most Patriotic Brands in Survey
In the financial sector, SBI lead the chart with 47 per cent respondents considering it to be the most patriotic brand, followed by LIC with 16 per cent.
Rupee Gains 18 Paise Against US Dollar in Early Trade
Forex dealers said besides sustained selling of the greenback, a higher opening of the domestic equity markets boosted the local unit at the interbank forex market.
Reserve Bank of India to Pay Rs 50,000 Crore Dividend to Govt For FY18
The Central Board of Directors of the Reserve Bank of India approved the transfer of surplus amounting to Rs 500 billion for the year ended June 30, 2018 to the Government of India.
Donald Trump Hosts Top Corporate Leaders, Including Indra Nooyi, Ajay Banga, For Dinner
"You talk about business, this is the group. And we're so honoured to have you. And we're gonna be discussing later on some of the ideas you may have to, as the expression goes, make America great again," said Trump.
Gaurs Group to Enter Affordable Housing; To Invest Rs 1,000 cr on 2 Projects in Delhi-NCR
The Gaurs Group is upbeat on the housing demand as it has been able to sell over 5,000 properties worth Rs 2,000 crore during the last four months.
Sensex Hits Record High of 37,790, Nifty Breaches 11,400 Mark
The market rally was driven by strong activity on the consumer durables, PSU, banking, healthcare, metal, power, infrastructure, IT, tech, auto, FMCG and oil and gas counters, rising up to 1.03 per cent.
Five of 10 Most Valued Companies Add Rs 77,785 Crore in Market Capitalisation
Over last week, the Sensex recorded a rise of 219.31 points, or 0.59 per cent, to end at 37,556.16.
Govt to Make Amendments in Insolvency and Bankruptcy Code to Dispel 'Myths'
The Insolvency and Bankruptcy Code gives creditors control over the resolution process, and the freedom to make commercial decisions without judicial intervention.
SC Orders Freezing of Amrapali Group’s Bank Accounts for ‘Defrauding Investors’
The company had earlier told the top court in an affidavit that it was not in a position to complete the projects and hand over possession of flats to over 42,000 home buyers in a time-bound manner.
HDFC Q1 Net Profit Jumps 54% to Rs 2,190 Crore
Revenue from operations increased to Rs 9,883.64 crore during June quarter of 2018-19, as against Rs 8,259.77 crore in the year-ago period.
Markets Continue Record Run on Earnings Boost; Bank, Power Stocks Climb
The 30-share BSE Sensex surpassed the 37,000-mark for the first time in history to touch a high of 37,061.62 (intra-day).
State-Run Banks to Retain Loan Market Share at 51% Medium Term
Loan market share of public sector banks which are not under the PCA are expected to be maintained at 50-51 per cent while private sector banks are expected to increase it from 30.9 per cent in March 2018 to 38-40 per cent in the foreseeable future and st...
Parliamentary Panel Seeks Strong Norms For Exemption to PF Trusts
The 31-member committee headed by Lok Sabha member Kirit Somaiya found that as many as 118 establishments had total corpus of less than Rs 1 crore and the last return filed by them dates back to 2014 and 2015.
Close to 74% PSU Bank ATMs Operating on Outdated Software, At Risk of Fraud: Govt
The government’s indication comes just weeks after the Reserve Bank of India sent a fresh directive ordering banks to upgrade their software by June 2019, or face penalty.
AirAsia Announces $30 Billion Deal for 100 Airbus Planes
According to AirAsia's Tony Fernandes, the first delivery of the jets will arrive towards the end of 2019 and will allow the airline to take on longer non-stop routes to Europe.
Govt Hikes Sugarcane Price by Rs 20/Quintal to Rs 275/Quintal for 2018/19 Season
The decision is in line with the recommendations of the government's price advisory body Commission for Agricultural Costs and Prices (CACP).