Business

The rupee opened lower by 5 paise at 64.18 against the last close of 64.13 at the interbank foreign exchange. It moved in a range of 64.18 to 64.13 in early trade before quoting at 64.14, down by 1 paise, at 0930hrs.

Samantak Das, Chief Economist and National Director-Research, Knight Frank India, said institutional funds dominated in the private equity investments, reflecting long term confidence in India's strong economic fundamentals.

The dollar's slide against some currencies overseas ahead of the Fedral Reserve's meet beginning tomorrow and a stronger opening of domestic equities took the rupee high.

The rally came on the back of buying in capital goods, auto, power, PSU and banking stocks, rising by up to 1.44 per cent.

The Abu Dhabi-based Etihad had in April 2013 invested Rs 2,069 crore in Jet for a 24 percent equity but of late there have been plenty of rumours about both the partners not seeing eye-to-eye and looking for other options.

The dollar gained against global currencies amid the United Nations' move to impose fresh sanctions on North Korea.

The report pointed out that with the uncertainties involving GST and monetary policy support to growth not forthcoming, it will not be prudent on the part of government to reduce spending as other growth drivers are missing.

ICICI Lombard looks set to be the next big IPO, after it late on Thursday set a price range of 651 rupees to 661 rupees a share for its IPO.

The International Fund for Agricultural Development (IFAD) and the Government of India have signed an agreement on Thursday to improve incomes and strengthen drought resilience for 1,65,000 farming households in five driest districts in Andhra Pradesh, th...

The dollar's slide against some currencies overseas and domestic stock markets opening firm supported the rupee, dealers said.

Representing Kanyakumari in the Lok Sabha, P Radhakrishnan is also the Minister of State for Shipping.

Continuing its crackdown on shell companies which are allegedly used as conduits for illicit fund flows and tax evasion, the government said the directors of deregistered firms would not be able to operate the bank accounts till these entities are legally...

The collection for the first month when it was implemented i.e. July 2017 the total estimated amount that should’ve come into the Government’s exchequer was ₹91,000 crores whereas the amount that actually came in is ₹92,283 crores

This exemption will be applicable for ten years and comes at a time when several experts and even policymakers have been talking about the need for consolidation in the banking sector, especially among the state-run banks.

On the day Reserve Bank of India revealed in its annual report that Rs 15.28 lakh crore, or 99 percent of the Rs 15.44 lakh crore scrapped currency notes, came back into the system after demonetisation, News18's Tushar Dhara caught up with Pronab Sen, the...

Meanwhile, the benchmark BSE Sensex rebounded by 193.39 points, or 0.61 per cent, to 31,581.78 in early session on Wednesday.