Business

The Sensex slumped over 80 points to 28,813 on Monday as the March derivatives series began on a subdued note, mirroring a weak trend in the Asian market.

Finance Minister Arun Jaitley on Saturday said the demonetisation process is almost complete, hailing it as the "smoothest possible replacement" of high denomination currency anywhere in the world.

The Indian economy is growing strongly and remains a bright spot in the global landscape despite temporary setback due to demonetisation, a senior IMF official has said.

The Sensex rallied about 97 points to 28,858.30 in the early session on Wednesday, maintaining its uptrend for the fifth day on widespread gains amid covering-up of short positions ahead of the February month expiry in the derivatives segment on.

She said telcos being commercial entities have their objectives to ensure that they can carry voice, data with better clarity and speed and to make profits.

Reliance Industries Chairperson and Managing Director Mukesh Ambani on Tuesday said that Jio has breached the 100 million customer mark in 170 days. Also, Jio users consumed over 100 crore GB of data since launch.

Rising for the fourth straight session, the BSE 30-share barometer gained 64.52 points, or 0.22 per cent, to 28,726.10.

Benchmark Sensex surged 193 points to close at nearly five-month high of 28,661.58 on Monday on robust buying in metal and IT counters amid positive global cues.

The benchmark BSE Sensex faltered in early trade on Monday, declining by over 40 points on profit booking by investors in recent gainers amid mixed Asian cues.

British telecom major Vodafone has brought in Martin Pieters, former Managing Director and CEO of its Indian arm, to work on proposed merger of Vodafone India with Idea Cellular, sources said.

Over Rs 4.5 lakh crore worth of suspicious deposits by 18 lakh people are under "verification" by the I-T department, which will send "non-statutory" letters to those who have not responded to SMS and e-mail queries.

The market benchmark BSE Sensex recovered over 109 points in early trade on Thursday on widespread gains amid a firming trend at other Asian bourses following another record closing of the US markets.

India's largest software company Tata Consultancy Services (TCS) on Thursday said its board will meet next week to consider share buyback.

Thousands of Tata Steel workers in the UK voted overwhelmingly in favour of a rescue plan put forward by the Indian steel giant that will secure their jobs.

Industrialists and entrepreneurs stand out from the crowd because of their ability to spot opportunities in challenges.

The currency note printing press of Reserve Bank of India has refused to disclose its printing capacity, even as similar information is available on its website.