Business

As 12 crore devotees are reportedly to participate in the Kumbh Mela, Punjab National Bank has partnered with the UP government to create a 'model digitization at this edition of Kumbh Mela.'

The rupee opened lower at 69.93 against the dollar and dropped further to quote at 70.07, 37 paise down over its previous close.

The move will enhance the total recapitalisation in the current fiscal from Rs 65,000 crore to Rs 1.06 lakh crore.

As per a notification by the commerce and industry ministry, an angel investor picking up stakes in a startup should have a minimum net worth of Rs 2 crore or should have an average returned income of over Rs 25 lakh in the preceding three financial years...

Pharmaceutical giants GlaxoSmithKline and Pfizer on Wednesday announced a merger of their consumer healthcare units that produce over-the-counter medicines.

Japan's Hitachi on Monday announced plans to buy a majority stake in the power grid business of Swiss-Swedish engineering giant ABB(ASEA Brown Boveri) for USD 6.4 billion, in what would be its biggest ever buyout.

The rupee appreciated to 71.74 against the US dollar in early trade Monday amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities

The BSE Sensex rose 223.89 points, or 0.62 per cent, to 36,186.82.

he Central Public Sector Enterprises (CPSEs) that are part of the Bharat-22 ETF include ONGC, IOC, SBI, BPCL, Coal India and Nalco.

In the ranking of top 10 firms, TCS stood at the number one position, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, Kotak Mahindra Bank and Maruti Suzuki.

The counter was led by finance minister Arun Jaitley himself, who, while admitting that government has issues with the central bank on credit flow and liquidity, said government has began "discussions" with it to rectify the same.

The European Union, citing the possible impact on competition, launched an in-depth investigation earlier this year into the merger of the rail activities at Alstom, the state-controlled maker of France's iconic TGV trains, and Germany's Siemens.

At the Interbank Foreign Exchange, the rupee opened weak at 72.10 against the US dollar, then depreciated further to 72.17, showing a decline of 32 paise over its previous closing.

Uday Kotak, the head of Kotak Mahindra, has been asked by the Reserve Bank of India (RBI), to lower his holding in the company to 20 percent by the end of the year, and to 15 percent by March 31, 2020.

The executive vice chairman and managing director of the fourth largest private sector lender Kotak Mahindra Bank has also said small businesses are in a difficult situation at present and has welcomed the government focus to revive the sector.

Traders said a positive trend in the overseas market lifted gold prices here. A considerable increase in demand from jewellers and retailers at the domestic spot market added to the momentum, they added.