Business
Manpasand Beverages Hits Lower Circuit For Fourth Straight Session
Manpasand Beverages has been on a downtrend for the seventh consecutive sessions and has cracked as much as 49.87 per cent since May 22.
How Indian Economy Hit Its Highest Growth Rate in Nearly 2 Years and Cemented Lead Over China
DEA secretary Subhash Garg good growth in capital goods, construction and manufacturing indicates a turnaround in the economy.
GDP Growth Accelerates to 7.7%, India Retains Fastest Growing Economy Tag
A faster pace of growth in manufacturing, at 9.1 percent compared with 6.1 percent a year ago, helped lift overall economic growth, alongside higher investments.
Sensex Suffers More Losses, Slides 214 pts on Global Cues
Major losers included Hero MotoCorp, Tata Motors, ICICI Bank, Axis Bank, SBI, Bajaj Auto, Bharti Airtel, Adani Ports, Yes Bank, Dr Reddy's and HDFC Ltddownload, falling by up to 1.92 per cent.
Coal India Fourth-Quarter Profit Plunges 52 Percent On Higher Expenses
Coal India Ltd increased income to Rs 28,909.3 crore, over Rs 26,633.89 crore. The consolidated expenses of the company during March quarter were at Rs 27,757.10 crore, as against Rs 22,352.70 crore.
Sunil Mittal to Pump in Over a Billion Dollars in Son-in-Law’s Hotel Chain, Says Report
The investment will fund acquisitions by Pasricha’s Ennismore, a developer that owns the Gleneagles resort and Hoxton hotel chain expanding in the US and Europe.
Rupee Surges 39 Paise Against US Dollar in Early Trade
Dealers said dollar's weakness against some other currencies overseas, on cooling global crude prices, and early gains in domestic equity markets supported the rupee.
Asian Shares Shaky after Trump Ditches Summit with North Korea
On Wall Street, the S&P 500 ended 0.2 percent lower on Thursday, though it clawed back a large part of its earlier loss of 0.95 percent.
Govt May Not Sell Air India If It Does Not Get Adequate Pricing: Aviation Secy
The government also made it clear that it would have the rights of a "minority shareholder" with 24 per cent stake in Air India post disinvestment.
Problem in Bond Market is Root Cause of Banking Sector Crisis: CAG
"We have strange bond market where regulator of bond market is also a trader. This is misinterpretation of RBI Act. The root cause of banking sector crisis is the problem in the bond market in India," the CAG said.
Punjab National Bank Refuses to Disclose Details on Over Rs 13,000 cr Scam
The section bars disclosure of information which would impede the process of investigation or apprehension or prosecution of offenders.
Wilful Defaults by PNB's Big Borrowers Slip Further to Rs 15,200cr by April-end
The bank which posted a record loss of more than Rs 13,400 crore for the last quarter of 2017-18 closed the fiscal with big wilful defaults of Rs 15,171.91 crore, according to the PNB data. Big wilful defaulters are categorised by PNB as those borrowers...
Tata Steel Reports Q4 Net Profit at Rs 14,688 Crore
The total consolidated income of the company increased to Rs 36,407.19 crore in January-March 2018, from Rs 35,457.06 crore in the same quarter of FY17.
China's Top State-run Bank Launches Country's First India-dedicated Investment Fund
The fund, named the Industrial and Commercial Bank of China Credit Suisse India Market Fund, will "invest in exchange-traded funds listed on more than 20 exchanges in Europe and the US that are based on the Indian market".
WPI Inflation Rises to 3.18% in April; Fuel, Fruits Get Costlier
Annual wholesale price inflation last month rose to 3.18 percent from a year earlier, higher than a 2.47 percent rise in March.
After Dena Bank, RBI May Impose Restrictions on 2 More Lenders Under PCA
In view of mounting non-performing assets (NPAs), the RBI on Saturday directed Dena Bank not to issue any fresh loans and hire new personnel.
