Business
The benchmark BSE Sensex was trading marginally up by 7.24 points, while the broader Nifty ruled almost flat in late morning deals as profit-booking in auto, healthcare, industrials and banks paused the momentum. The index opened up by 140 points on value-buying in key heavyweights after recent losses and bouts of short-covering. The index resumed […]
Today Actor Vivek Oberoi visits Gujarat, while talking to media Oberoi says he is targeting the young and upwardly mobile middle class for his theme-based resort and township that is coming up in Gujarat. The star is investing as a partner Rs 400 crore in developing the theme-based resort and township near Ahmedabad, which is […]
Stock market trend this week will largely depend on developments over the GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed, say experts. Besides, October’s industrial production data, slated for after market hours on Friday, may fuel some speculation leading to volatility in stocks, they added. […]
Extending its losing streak for the third straight day, the rupee plunged by 34 paise to 66.99 against the US dollar in early trade today on strong demand for the American currency from banks and importers amid sustained capital outflows. Forex dealers said gains in the dollar against major global currencies and a lower opening […]
In Ahmedabad, for ‘I for Afrika’ business convention, hundreds of business delegates from over 40 key African countries including South Africa, Egypt, Algeria, Cameron, Ethiopia, Ghana, Kenya, Mauritius, Namibia, Nigeria and Zimbabwe will participate to be held from December 1 to 4 at GMDC ground. Today a press briefing was done by Secretary General of […]
The Government of Japan has today signed a Confirmation Agreement with Government of India to fund Ahmedabad Metro Project Phase – 1 to the tune of Rs. 5,968 crore and the first trench of Rs. 4,456 crore is to be released in the next financial years.The Confirmation Agreement signed between Mr. S. Selvakumar, Joint Secretary, […]
Government has shortlisted five Indian merchant bankers, including JM Financial, SBI Capital and ICICI Securities, for managing the over Rs 21,000-crore stake sale in Coal India. Besides, Axis Capital and Kotak Mahindra Capital have also been selected for managing the stake sale of the ‘Maharatna’ PSU, sources said. This would be the first big PSU […]
The Reserve Bank of India today fixed the reference rate of the rupee at 66.3490 against the US dollar and 70.4693 for the euro. These rates were 66.0940 and 70.8594, respectively, as on November 20, 2015. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted […]
With slew of measures putting back the economy on track, Prime Minister Narendra Modi today said reforms are “just a way station” to transforming India and vowed to provide a transparent and predictable tax regime as well as protection to Intellectual Property Rights. Speaking at the ASEAN Business and Investment Summit here, he said government […]
In a big bonanza to central employees and pensioners, the seventh Pay Commission today recommended a 23.55 per cent increase in salary, allowances and pension along with a virtual one-rank-one-pension for civilians, involving an additional outgo of Rs 1.02 lakh crore a year. A minimum pay of Rs 18,000 per month and a maximum of […]
