Business

The Reserve Bank on Wednesday cut key interest rate for the fourth consecutive time, as it reduced repo rate by 35 basis points to 5.40 per cent to boost the slowing economy.

Rakesh Gangwal in a letter, said that based on "serious unresolved issues", he was not in a position to vote affirmatively on the special resolution for 'Alteration in Articles of Association of the Company' unless certain issues are addressed.

The joint venture will build on Reliance's existing fuel retailing network of near 1,400 petrol pumps and an aviation fuel business.

Vistara will kickstart its international operations from August 6 with a flight to Singapore from New Delhi. This will be followed by the launch of services on the Mumbai-Singapore route from August 7.

Tata Motors shares lost 1.2% after ratings agency Icra Ltd, the Indian unit of Moody's Investors Service, downgraded the company by a notch, citing 'continued deterioration' in the financials of its British luxury car unit Jaguar Land Rover.

The domestic currency on Monday had suffered the biggest single-day drop in past six years -- to close at a five-month low of 70.73, owing to heavy capital outflows by investors anxious over the US-China trade tension.

Prior to this, FPIs withdrew a net Rs 2,985.88 crore from the Indian capital markets (both equity and debt) during July 1-31.

Paytm E-commerce, the parent firm of Paytm Mall, has issued preferential shares on private placement basis to e-Bay.

Colorado Governor Jared Polis said the delegation will focus on expanding trade with India through partnerships in areas like renewable energy, clean technology and smart mobility.

Strengthening of the US dollar vis-a-vis other currencies overseas kept the pressure on the Indian rupee. Besides, market participants are also looking forward to the US and China trade talks, which is also likely to impact the rupee's movement.

In an affidavit filed in the top court, Department of Telecom said that as per calculations, Airtel owes Rs 21,682.13 crore as licence fee to the government. Dues from Vodafone totaled Rs 19,823.71 crore while Reliance Communications owed a total of Rs 16...

Chandrasekaran said that the state offers significant opportunities for expansion and the Tata Group sees immense potential, whether it is the renewable space, tourism, airlines or electric mobility.

While weak corporate earnings, foreign fund outflow and negative global cues weighed on investor sentiment, hopes of above-average rainfall in the next two weeks capped the losses here, traders said.

Company’s first quarter profit tumbled by 87% to Rs 5.77 crore compared to Rs 45 crore for the first quarter of 2018-19.

The buffer stock will be created for one year from August 1, 2019, to July 31, 2020, for which the government would be reimbursing the carrying cost of about Rs 1,674 crore to participating sugar mills, an official statement said.

Nissan's net profit fell to a near-decade low in the last business year and it has already warned of "a difficult business environment" for the next 12 months.