Business
Rupee Pares Gains, Settles 19 Paise Lower Against US Dollar
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.34 per cent to 96.87.
Anil Ambani Group Stocks Tumble: Reliance Power Cracks 21% After Results
Reliance Power’s profit took a beating due to the impairment and higher finance costs incurred by the Mumbai-based power company.
Finance Ministry in ‘No Entry’ Mode Starting Today as Budget Prep Gets Underway
The Finance Ministry will be under 'quarantine' from today as the budget document is prepared in utmost secrecy, guarded by personnel from the Intelligence Bureau and the Delhi Police.
Bank Customers in for a Treat as RBI Makes Online Transfers Free by Removing Charges on NEFT, RTGS
The RBI justified this by saying that banks will now have to pass on these benefits to its customers.
Rate-sensitive Stocks Take a Beating After RBI’s Rate Cut; PSU Banks Hit the Most
The BSE Capital Goods Index declined 2.8%, followed by BSE Bankex (down 2.34%), BSE Realty (down 1.84%) and BSE Auto (down 1%).
DHFL Shares Crack 18% to Hit over 5-year Low After Crisil, ICRA Downgrade Ratings
DHFL’s rating has now been removed from the watch with negative implications by both Crisil and ICRA.
ITC Ties up With Pune City Body For Plastic Waste Management
The company has launched the model for sustainable management of MLP waste on an end-to-end basis in partnership with SWaCH and the Pune civic body, an official release said.
Sensex Closes Lower Ahead of RBI Policy Decision
The broader Nifty fell 0.55% to 12,021.65, while the benchmark Sensex settled 0.46% lower at 40,083.54.
GSK Consumers Healthcare Gets Shareholders' Approval for Merger with HUL
The company has received 99.99 per cent votes in favour of the scheme of amalgamation among the company and Hindustan Unilever Ltd (HUL).
Delhi Court Issues NBW Against Ex-official of Airbus in Aircraft Purchase Case
The case relates to negotiations allegedly favouring the foreign private airline which caused losses to IA, which has since merged with national carrier Air India.
Sensex, Nifty Start on a Positive Note Ahead of F&O Expiry
Top gainers in the Sensex pack include NTPC, Coal India, Bharti Airtel, Bajaj Auto, TCS, Asian Paints, PowerGrid, Tata Motors, RIL and ITC, rising up to 2 per cent.
Prestige Estate Projects Shares Hit 52-week High After Strong Q4 Numbers
Prestige Estates Projects posted 30% year-on-year growth in its net profit at Rs 139.1 crore for the March quarter.
Anil Ambani's Reliance Group to Sell BIG FM to Music Broadcast
The move would help in reducing the loan burden of the Reliance group firms, an official statement said.
RBI Plans Liquidity Buffer at Shadow Banks to Aid Stressed Sector
The Reserve Bank of India said it planned to implement LCR, a liquidity buffer, 'in a calibrated manner' over four years starting from April 2020.
EPFO Subscription Shows 1.37 Crore Formal Sector Jobs Created in FY19
As per the latest data, in the month of March 2019, around 8.27 lakh EPF subscribers were added. During the last fiscal, highest subscription to the pension fund was recorded in July 2018 at around 14.21 lakh.
Reserve Bank Proposes Norms to Help NBFCs Deal With Liquidity Issues
The RBI has released a draft circular on the 'Liquidity Risk Management Framework for NBFCs and Core Investment Companies (CICs).
