Business
The rupee trimmed its initial losses but was still down by 20 paise to 66.61 against the greenback on weak domestic equities and sustained dollar demand from importers amid higher dollar overseas. The domestic unit gave up its overnight gains and resumed sharply lower at 66.72 per dollar as against yesterday’s level of 66.41 at […]
Today Prime Minister Narendra Modi asked the industry to take risks and step up investments especially in job-creating sectors as his government looks to perk the economy by boosting spending and attracting global capital with improving ease of doing business. A meeting of the industry and business leaders, bankers and economists called by the Prime […]
Market benchmark BSE Sensex breached the 25,000-level today after crashing 308 points to 24,893.81 — its lowest closing in 15 months — on reports of a deficit monsoon and rupee falling to a fresh two-year low, while continued selling on China-fuelled worries also weighed. During the day, the rupee had fallen to 66.85 against the […]
The slide show is back for markets as the benchmark BSE Sensex slides down over 562 points to 25,201.90 — its weakest closing in nearly 14 months — amid lacklustre global cues following caution over US payrolls data. A strong set of non-farm jobs numbers, analysts say, is expected to cement Fed’s stance for a […]
The benchmark BSE Sensex recovered over 215 points in early trade today on value-buying by participants amid positive global cues. The 30-share barometer spurted by 215.57 points, or 0.84 per cent, to 25,669.13. The gauge had lost 937.82 points in the previous three sessions. The NSE Nifty rose 66.05 points, or 0.85 per cent, to […]
Normal life was affected in various parts of the country, including West Bengal, Tripura, Kerala and Karnataka, as 10 central trade unions today went on a day-long nationwide strike to protest against changes in labour laws and privatisation of PSUs. Trade union leaders claimed that around 15 crore formal sector workers are on strike in […]
Indian market again lost ground today as the benchmark BSE Sensex plummeted by 587 points to close at over one-year low of 25,696.44 on intensified selling triggered by weak domestic and global macroeconomic data. A government data yesterday said that domestic growth had slowed down to 7 per cent in the June quarter from 7.5 […]
Today, All India Motor Transport Congress (AIMTC) has threatened to go an indefinite nationwide strike from October 1. Transporters alleging that the government has failed to address their issues, including removal of toll. AIMTC has 93 lakh truckers and 50 lakh buses and tourist operators with them across the country. “We are going on an […]
In its biggest intra-day crash this year, stock market benchmark Sensex plunged by 1,006 points while Nifty fell below 8,000 level in early trade on Monday due to heavy selling by funds amid global sell-off as worries about China’s economy deepen. Asian markets were also in deep red with Shanghai shares crashing 8 per cent […]
The Reserve Bank is likely to go for a 25 basis points rate cut in September as price pressures have fallen “notably and far more than expected”, says an HSBC report. According to the global financial services firm, food prices have been falling across all major sub-groups, across the CPI and WPI measures, both on […]
