Business

Consumer Electronics and Appliances Manufacturers Association President Kamal Nandi said brands usually stock for components for about a month.

Forex traders said most Asian currencies declined after the US Federal Reserve kept its key policy rates steady.Federal Open Market Committee kept interest rates unchanged at 1.5-1.75 per cent and gave a positive picture of the US economy.

The RBI said that supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had 'failed to exercise ongoing due diligence' with regards to 39 current accounts opened by its customers for bidding in Initial Public Offer.

The 30-share BSE index settled 231.80 points, or 0.57 per cent, higher at 41,198.66. It hit an intra-day high of 41,334.86 and a low of 41,108.19.

ICICI Bank on Saturday said net profit increased significantly to Rs 4,146.46 crore during the December quarter from Rs 1,604.91 crore in the same period last year.

DCB Bank's total income was up 13.66 per cent at Rs 990.89 crore during the quarter under review as against Rs 871.78 crore in the corresponding period a year ago.

Narendra Modi and Jair Bolsonaro recognised that there were great synergies between India and Brazil, the two large economies with a combines GDP of around $4.5 trillion and having a total population of 1.5 billion.

The first full-year Budget of the current government will focus on reviving consumption demand through base-level income tax cuts, interest subvention for small and medium businesses and housing, Bank of America Securities said.

The 30-share BSE index was trading 233.92 points or 0.57 per cent higher at 41,349.30. Similarly, the broader NSE was trading 60.80 points, or 0.50 per cent, up at 12,167.70.

HFL has been making losses since 2013-14 and has negative net worth. As on March 31, 2019, it had accumulated losses of Rs 62.81 crore and net worth of (-) Rs 43.20 crore.

In October, Infosys had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by CEO Salil Parekh and other company executives.

To begin with, the central bank shared the minutes of meeting of its Central Board of Directors held in Chandigarh in October last year, though it blacked out certain portions.

India's growth rate is expected to shoot up from the estimate of 4.8 per cent for the current fiscal year by 1 per cent to 5.8 per cent in 2020-21, the IMF said.

Removal of duty on ferro-nickel and stainless steel scrap is a long standing demand and the Ministry of Steel has also at times batted for zero duty on these items.

No agenda has been set for the proposed meeting between Union Commerce Minister Piyush Goyal and his Malaysian counterpart Darell Leiking, the spokesman for Malaysia's Ministry of International Trade and Industry said.

After hitting a record intra-day high of 42,063.93, the 30-share BSE Sensex settled 12.81 points, or 0.03 per cent, higher at 41,945.37.