Business
Nifty50 and Sensex Open In Green; Wipro, Larsen & Toubro Stocks in Focus
The top stocks to watch out today are Wipro, TVS Motor, Larsen & Toubro Infotech, Graphite India, Eicher Motors, Coal India, HAL, auto stocks, Aurobindo Pharma, Britannia Industries and Idea Cellular.
CCI Dismisses Two Complaints Alleging Abuse of Dominance Against DLF
The complainants had booked an apartment each in separate projects of DLF Home Developers in Gurgaon. Following a Delhi High Court order in July 2013, DLF Home Developers amalgamated with DLF New Gurgaon Home Developers, as per different CCI orders dated...
AirAsia Rolls Out Discounts, Offers Tickets at Rs 1,399 for International Travel
The`Big Sale Promotion' offers all inclusive one-way fares starting at as low as Rs 1,399 for international travel and Rs 999 for domestic flights.
Rupee at Historic Low, But SBI Says It is Still Overvalued, No Need to Panic
Thought the rupee value has been the worst among the emerging market peers, SBI managing director PK Gupta assures that the rupee has been faring better than Turkish, Argentinean, and Indonesian currencies.
Household Savings in Form of Cash Soared to 7-year High in Post Demonetisation Year
Following cash crunch in the aftermath of the November 2016 demonetisation, household savings in form of "currency" had declined by 2 per cent during 2016-17.
Won't Completely Halt Iran Oil Imports But Clarity Only After 2+2 Dialogue With US, Says Official
India, Iran's top oil buyer after China, has so far not decided on the size of any cut to Iranian imports and continues to seek a waiver from the United States.
NALCO Net Swells to Rs 1,342 Crore in FY18, Pays Record Dividend
NALCO was the third highest Net Foreign Exchange Earning central public sector enterprise in the country. It has also declared a record dividend payout of Rs 1,102 crore, an increase from 56 per cent in 2016-17 to 114 per cent in 2017-18.
LIC Begins Acquisition Process of IDBI Bank; to Raise Stake by 7 Per Cent
LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet.
Cash-strapped Jet Airways Reports Rs 1,323 Crore Net Loss, Draws up Strategy to Cut Costs
The ongoing cash crunch has forced the airline to embark on a Rs 2,000-crore cost cutting drive and stake sale in its loyalty programme Jet Privilege as part of capital infusion.
FPIs Stay Bullish on India; Pour In Rs 6,700 Crore in August
After three months of huge outflows from April till June, analysts said it is encouraging to see FPIs making a comeback in July and August.
Rupee Extends Weakness Against US Dollar, Slips 13 Paise
Forex dealers said a firm dollar in overseas markets, ahead of Federal Reserve Chairman Jerome Powell speech at the annual global central bank conference in Jackson Hole later in the day, weighed on the rupee.
Chanda Kochhar Offers to be Reappointed on Board of ICICI Securities
Kochhar is set to retire from the board of ICICI Securities, a subsidiary of ICICI Bank.
Finmin Asks PSU Bank CEOs to Check Frauds in NPAs or Face Penal Action
This missive comes in the light of arrest of Bhushan Steel's erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.
No GST on Petrol, Diesel in Near Future as Centre, States Not in Favour
When the one-nation-one-tax regime of GST was implemented in July last year, five petro-products - petrol, diesel, crude oil, natural gas, and aviation turbine fuel (ATF) were kept out of its purview for the time being.
MCA Seeks Clarifications From Jet Airways Auditors on Deferring Results Announcement
Sources said the Ministry of Corporate Affairs is seeking clarifications from the auditors of Jet Airways on delay in announcement of results.
Govt Aid Will Give Capital Relief to Banks, But Stress Will Remain: Moody's
The government plans to provide Rs 65,000 crore of new capital for public sector banks (PSBs) in the year ending March 2019 (fiscal 2019) after infusing Rs 90,000 crore in the prior year.