Business
HDIL Shares Hit Lower Circuit After Reports of Involvement in PMC Bank Scam Probe, Fall 4.73%
On the BSE, the stock of the company fell 4.73 per cent to its lower circuit limit of Rs 3.02, which was also its 52-week low.
Rupee Settles 14 Paise Down at 71.02 Against Dollar
At the interbank foreign exchange market, the local currency opened on a weak note at 71.00 and fell further to a low of 71.09. It finally settled at 71.02, lower by 14 paise against its previous close.
Aurobindo Pharma Shares Plunge 19% on US FDA Observations on Telangana Plant
At 3:10pm, shares of Aurobindo Pharma were trading at Rs 460.85, down 18.8%, after hitting an intra-day low of Rs 459.20. The stock has lost 23% in the last one year.
HSBC to Cut up to 10,000 ‘High-paid’ Jobs in Drive to Slash Costs: Report
HSBC could announce the beginning of the latest cost-cutting drive and job cuts when it reports third-quarter results later this month.
Amid Fears of Recession, FPIs Pull Out Rs 3,000 Crore from Equities in Three Trading Sessions of October
According to the depositories data, overseas investors pulled out Rs 2,947 crore from equities and Rs 977 crore from debt segment on a net basis.
Over 50% Indians feel Job Scene Getting Worse as Consumer Confidence Drops to 6-year Low, Says RBI Survey
According to the RBI data, Current Situation Index (CCI) dropped to 89.4 in September from 95.7 recorded in the July round of survey.
Sensex Plunges 434 Points after RBI Policy Outcome; Rate-sensitive Stocks Tank
Top laggards in the Sensex pack included Kotak Bank, ICICI Bank, HDFC Bank, Tata Motors, L&T, SBI, Tata Steel and Axis Bank, falling up to 3.46 per cent.
Govt Should Provide More Stimulus, Lower Personal Tax: Adi Godrej on Country’s Economic Slowdown
The GST collections dropped sharply to a 19-month low of Rs 91,916 crore in September, mirroring a widening slowdown in economy triggered by shrinking consumer demand.
IndiGo Promoter Feud: Rahul Bhatia Seeks Arbitration with Co-promoter Rakesh Gangwal
In a filing to the stock exchanges on Tuesday, InterGlobe Aviation said the two entities have submitted a request for arbitration on October 1 to the London Court of International Arbitration.
IRCTC IPO Subscribed 81% on Day 1 of Bidding; Brokerages Buoyant on Rs 645 Crore Issue
IRCTC's public offer to raise about Rs 645 crore received bids for 1.63 crore shares as against the total issue size of two crore shares, according to exchanges' data.
Sensex Tumbles Over 310 Points; Nifty Slips Below 11,500 in Opening Trade
Opening on a flat note, the Sensex was gripped by volatility as the trade progressed and dived 310.80 points or 0.80 points to trade at 38,511.77 in early deals.
IRCTC IPO Opens for Subscription Today: Brokerages Give a Big Thumbs-up
The Rs 645 crore IRCTC IPO comprises an offer for sale of 20 million shares, representing 12.5% of total paid-up equity by the Ministry of Railways.
Police Probes Lakshmi Vilas Bank Directors for Alleged Fraud of Rs 790 Crore
According to a copy of the complaint filed, Indian financial services company Religare Finvest (RFL) has accused Lakshmi Vilas of misappropriating Rs 790 crore it kept with the bank as a fixed deposit.
Corporate Tax Cuts May Bolster Growth Eventually; Fiscal Impact to Come Sooner: Fitch
FM Nirmala Sitharaman on September 20 announced the lowering of the base corporate tax rate to 22% from 30% for companies that do not seek exemptions and reduced the rate for some new manufacturing companies to 15% from 25%.
Sensex Rallies 396 Points on F&O Expiry, Firm Global ues
After rallying 565 points during the day, the 30-share Sensex ended 396.22 points, or 1.03 per cent, higher at 38,989.74. The broader NSE Nifty soared 133.10 points, or 1.22 per cent, to end at 11,573.30.
As PMC Account Holders File Police Complaint, Suspended MD Claims Depositors' Money 'Fully Secure'
The Punjab & Maharashtra Cooperative Bank's suspended managing director asserted that all its loans are fully secured and the sole reason and stated that one large account - HDIL - was the sole reason for the present crisis.
