Business

Market benchmark BSE Sensex rose by over 154 points to trade above the 28,000-mark on sustained buying by participants in the opening trade of a special Muhurat session to mark the start of Hindu Samvat Year 2073.

How do you view the Tata-Docomo split?

The Tata family trusts have reached out to sovereign wealth funds and other long-term investors to buy out the stake in Tata Sons held by Shapoorji Pallonji, the family of ousted Chairman Cyrus Mistry, Bloomberg News reported.

Commenting on their appointment, Mr. Ratan N. Tata, Interim Chairman of Tata Sons, said, “This is in recognition of their exemplary leadership in their companies.”

Tata Sons on Monday announced that its Board has replaced Cyrus P Mistry as Chairman of Tata Sons at a meeting held in Mumbai.

BP Plc, Europe's third-biggest oil company, has received government approval to set up petrol pumps to retail petrol and diesel in India.

The rupee edged higher by 7 paise to 66.52 against the dollar today on increased selling of the American currency by exporters and banks ahead of RBI policy meet scheduled later in the day.

According to top government sources, the incumbent SBI chairman has been given one-year extension. This will provide continuity at a time when the process of consolidation is going on.

Extending its gains for the fifth straight day, the rupee inched up by another 6 paise to trade at a fresh two-week high of 66.44 against the dollar in early trade on Wednesday.

Global brokerage UBS has taken a contrarian line to the general view that the 7th Pay panel award would boost demand, saying the move is expected to drive savings more than consumption.

Rajan, who stepped down on September 4 as India's top central banker, said in an interview with the New York Times that he hoped the country would finish "the process of bank cleanup which is underway."

Telecom stocks extended losses for the second straight session on Friday, falling up to 3.5 per cent, after Mukesh Ambani on Thursday announced the launch of Jio 4G service, offering free voice calls and national roaming.

Minister Mamata Banerjee on Wednesday welcomed the group's investments in the state.

Keen to close wage negotiations in public sector banks by November 1, 2017, the Finance Ministry has asked the lenders to present status report on salary hike talks with their employee unions.

Banks also had put on the block some of the moveable assets of the company worth Rs 13.70 lakh lying at the Kingfisher House, for which, too, no bidders came forward.

The gauge had gained 84.72 points in Thursday's trade. The NSE Nifty also regained the crucial 8,600-mark by rising 73.90 points, or 0.86%, to 8,666.05.