Business
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 […]
Riding firmly on renewed hopes of a policy rate cut, the BSE Sensex vaulted nearly 518 points — its biggest single-day rise in nearly seven months — to reclaim the 28,000-mark after WPI inflation for July cooled. Rate-sensitive realty, banking and auto stocks drove the rally as rupee’s slide saw a pause. Investors cheered changes […]
The benchmark BSE Sensex lost ground by over 120 points in early trade today as investors started scaling down their bets ahead of IIP and inflation data to be released later in the day amid weak global cues. Moreover, the rupee sliding to nearly a two-year low of 64.67 against the American currency weighed. Sliding […]
Staying on a downward trajectory for the fifth straight session, the rupee lost another 48 paise against the US dollar to 64.67, its weakest level since September 2013, due to appreciation of the dollar overseas after China devalued the yuan for the second straight day. Forex dealers said increased demand for the greenback from importers […]
Joining the debate over the powers of RBI Governor in setting policy rate, bank’s former head C Rangarajan today said the government can do away with the veto power of Governor but the majority of members in the Monetary Policy Committee should be from the apex bank. Rangarajan’s comments come at a time when the […]
