Category: Business

Domestic stock markets started Tuesday’s session on a mixed note, see-sawing between gains and losses ahead of release of key macroeconomic data. The 30-scrip benchmark index, Sensex, moved in a range of 36,465-36,331 in early trade, while the Nifty moved between 10,910 and 10,870. Weakness in IT stocks offset the advances in energy stocks. At […]

NEW DELHI/MUMBAI: The government on Sunday launched the third bidding round under its open acreage licensing policy (OALP), according to a statement. Twenty three blocks covering an area of 32,000 square kilometers were offered for bidding, out of which 5 are for extraction of coal bed methane. Total exploration acreage is expected to more than […]

The Reserve Bank of India unexpectedly cut its benchmark interest rate in Governor Shaktikanta Das’s debut policy meeting, becoming the first in Asia to ease borrowing costs this year as inflation remains benign. The repurchase rate was reduced by 25 basis points to 6.25 per cent, a decision predicted by just 11 of 43 economists […]

Steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said. Local producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices, which […]

Stock markets started Wednesday’s session on a strong note, with the Sensex rising more than 250 points and the Nifty hitting 11,000 for the first time in more than four months. The 30-scrip index rose as much as 277 points to touch 36,894 in early trade, while the Nifty climbed 84 points to 11,018. Gains […]

MUMBAI: Foreign investors will remain interested in the equity market despite the ‘populist’ measures announced in the Interim Budget 2019-20 and its subsequent impact on the fiscal deficit target. According to a post-Budget analysis report by HDFC Securities, foreign investors might not react negatively to the fact that government has missed its fiscal deficit target […]

NEW DELHI: The government raised its disinvestment target for 2019-20 by 12.5 per cent to Rs. 90,000 crore even as less than half of the budgeted target of Rs. 80,000 in the outgoing fiscal has been realised in the first 10 months. So far, the government has raised Rs. 35,532 crore from the sale of […]

The rupee rose 29 paise to 71.15 against the dollar in early session on Wednesday on increased selling of the American currency by exporters and banks amid a positive opening of the domestic equity markets. At the Interbank forex market, the rupee opened higher at 71.19 and advanced further to quote 29 paise higher at […]

NEW DELHI: Reliance Jio led the subscription race in November 2018 adding around 88.01 lakh subscribers across the country, the highest among all the telecom service providers. Data released by the Telecom Regulatory Authority of India (TRAI) on Friday evening showed that the subscriber base of Reliance Jio by November 30 was around 27.16 crore. […]