Business
Continuing its slide, the benchmark BSE Sensex in mid-session tanked over 500 points and the NSE Nifty cracked the 8,400-mark after Chinese shares extended rout and fears of Greek eurozone exit hit trading sentiment. Reflecting steep fall in blue-chips, the 30-share index which dipped below the crucial 28,000-mark in early trade, continued to slide and […]
The benchmark BSE Sensex cut initial losses but was still down by 292 points following selling pressure in metal, banking, IT, auto, teck, power and FMCG sectors triggered by weak Asian stocks amid Grexit fears. The barometer index hit a low below the psychological 28,000 mark at onset of trading session. The market breadth indicating […]
Finance Minister Arun Jaitley is leaving for Russia on Monday evening to participate in the inaugural meeting of the BRICS-backed New Development Bank. During the four-day visit, he will also be participating at the functions on the sidelines of the BRICS Summit at Ufa which is being attended by Prime Minister Narendra Modi. The minister, […]
Financial crisis in Greece will have huge consequences on Europe as well as the global economy, Group CEO of Doha Bank R Seetharaman said today, hoping that the Greek bailout referendum due on Sunday has a positive outcome. “Greece is in great trouble. The referendum which is scheduled on 5th of this month is going […]
The benchmark Sensex turned choppy after its initial surge of 117 points though it’s trading higher by 53.98 points on firm value-buying in healthcare, metal, realty, FMCG, capital goods and consumer durable sectors. Higher Asian cues and country’s strong macro economic parameters are helping the mood, despite Greek default fears looming large, a broker said. […]
India and Thailand today signed a number of important agreements, including the double taxation avoidance treaty, and exchanged instruments of ratification on the extradition treaty inked in 2013, which provides for the legal framework for seeking extradition of fugitive offenders. The tax treaty provides for the framework to avoid double taxation and prevention of fiscal […]
The government is considering importing onions to boost domestic availability of the commodity and prevent spike in its prices. Retail prices of onion have already risen by up to 40 per cent in metro cities in the last one year. The maximum increase in prices is seen in Delhi, where onion is costing Rs 34/kg […]
Government is likely to infuse additional USD 1.8 billion (about Rs 11,500 crore) in public sector banks this fiscal over and above USD 1.2 billion earmarked in the Budget, Finance Secretary Rajiv Mehrishi said today. “Will put additional USD 1.8 billion in PSU banks apart from USD 1.2 billion budgeted this year,” he told reporters […]
The rupee declined by 3 paise to 63.65 against the US dollar in early trade on Friday, extendingweakness for the second day, at the Interbank Foreign Exchange due to appreciation of the American currency overseas. Besides, month-end demand for the American currency from importers and a lower opening in the domestic equity market, weighed on […]
The benchmark BSE Sensex fell almost 172 points to 27,724.12 in early trade on Friday on fresh selling by participants as July series in the derivatives segment began on a subdued note amid weak Asian cues. The 30-share index, which had gained 166.30 points in the previous session, fell by 171.85 points or 0.61 per […]
