Business
Reserve Bank of India Buys 8.46 Tonne of Gold, First Purchase in 9 Years
RBI held 566.23 tonne of gold as on June 30, 2018, compared with 557.77 tonne as on June 30, 2017, according to RBI's latest annual report for 2017-18.
SAIL Declines Dividend to Government, Says Has No Cash
Shares of the company, which has a market value of around $4.7 billion, were down more than 2 per cent after the news in a wider market that was largely flat.
Rupee Slides Further by 15 Paise to End at Fresh Lifetime Low of 70.74 to Dollar
In the day trade, the rupee plunged to a record low of 70.90 to the dollar as firming oil prices fanned fears of widening current account deficit.
Sensex, Nifty Turn Choppy on F&O Expiry, Weak Rupee Value
The 30-share BSE index, after rising over 96 points at the outset on selective buying metal, power and IT stocks, turned choppy and was trading 54.08 points, or 0.14 per cent, lower at 38,668.85 at 0930 hrs
Sensex, Nifty Hit Fresh Records on Positive Global Cues
The 30-share index spurted by 333.64 points, or 0.87 per cent, to hit a new peak of 38,585.44, breaching its previous high of 38,487.63 reached on August 23.
PM Modi, Priyanka Chopra Among Most-viewed Profiles on Linkedin
Other prominent names in its fifth edition of 'India's power profiles 2018' include Biocon's Kiran Mazumdar Shaw, Paytm's Vijay Shekar Sharma, and Xiaomi India head Manu Kumar Jain, among others.
ICAI to Launch Exclusive Job Portal for Chartered Accountants
The Committee for Members in Industry & Business of ICAI will formally launch the portal on September 1.
Centre, Judiciary, Banks Also Responsible for NPAs: SBI Chief Rajnish Kumar
According to the SBI Chief Rajnish Kumar non-performing assets (NPA) for public sector banks were higher due to government-sponsored schemes and targeted lending.
Infosys Shares Fall 4% on CFO Ranganath's Exit
On August 18, Chief Financial Officer MD Ranganath, who has been working with Infosys for close to two decades, resigned in a surprise move that raises questions about stability of Infosys.
Rupee Slides 26 Paise to Close Below Historic 70-mark on Trade Deficit Worries
The Indian currency collapsed to a historic intra-day trading low of 70.40 before closing at fresh life-time low of 70.15 per dollar, down by 26 paise or 0.37 per cent over the previous close.
Jet Airways, Rating Agencies Under Scanner for Lapses in Loan Status Disclosure
In a statement Jet Airways said that all its accounts with lenders are 'standard' and there is no overdue in any of our accounts.
FPIs Infuse Rs 8,500 Crore in Capital Market in Just 8 Sessions
According to the latest depository data, foreign portfolio investors (FPIs) pumped in a net sum of Rs 2,373 crore into equities during August 1-10 and a net amount of Rs 6,208 crore into the debt market, taking the total to Rs 8,581 crore (USD 1.2 billion...
ShopClues Raises $16 Million , Could Break-even by Diwali: CEO
According to Sanjay Sethi, ShopClues has raised about $16 million additional funds, which is more than sufficient to get us to profitability and our growth targets.
State Bank of India Posts Q1 Loss of Rs 4,876 Crore as Bad Loans Rise
The State Bank of India's gross non-performing assets (NPAs) rose to 10.69 per cent of total advances at the end of June, against 9.97 per cent a year ago.
Jet Airways Stock Hits 52-Week Low as Board Defers Q1 Result Announcement
In a BSE filing late on Thursday, the Naresh Goyal-run airline said the board of directors has decided not to review the unaudited financial performance for the June quarter.
Sensex Retreats from Record High, Down 106 Points
Brokers said apart from profit-booking at record levels, a weak trend at other Asian markets following overnight losses on Wall Street dented the trading sentiment.
