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Mumbai: Idea Cellular board on Thursday approved raising Rs 3,250 crore through a preference share issue to promoters, the company announced. Separately, the company's board has also constituted a committee of Board members to evaluate potential routes for raising further capital of up to Rs 3,500More
Published 04-Jan-2018 16:49 IST
Mumbai: Benchmark Sensex reversed a three- session slide to end at 33,970 on Thursday after the government moved forward on its bank recapitalisation programme. Investors also took heart from upbeat macro indicators and firm global cues, brokers said. The finance ministry today sought Parliament'sMore
Published 04-Jan-2018 16:16 IST | Updated 18:02 IST
Singapore: An Indian-origin banker in Singapore has been named as the best central bank governor in Asia-Pacific for 2018, a media report said on Thursday. Ravi Menon, managing director of Singapore's central bank Monetary Authority of Singapore (MAS), was recognised by the leading UK-based magazineMore
Published 04-Jan-2018 16:04 IST
New Delhi: The "new" Reliance Communications (RCOM) will be "capex light" and emerge as India's largest B2B (business-to-business) entity that is "focussed on the global and enterprise business", according to Reliance Group Chairman Anil Ambani. It will also have a "strong strategic partner comingMore
Published 04-Jan-2018 14:12 IST
Chennai: The Chennai chapter of the Confederation of Real Estate Developers’ Association of India (CREDAI) has expressed concern over the impact of rising raw material costs on the real estate sector. At a press conference in the city, office-bearers of the industry body shared their views on theMore
Published 04-Jan-2018 11:29 IST
Mumbai: The benchmark BSE Sensex recovered by over 123 points in early trade on Thursday, halting its three- session falling streak on fresh spell of buying in recent losers amid positive Asian cues. The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lostMore
Published 04-Jan-2018 10:20 IST
Mumbai: The rupee weakened by 8 paise to trade at 63.61 against the US dollar in opening session on Thursday due to increased demand for the American currency from importers. The dollar's gains against major world currencies after a strong US manufacturing data also impacted the rupee sentiment, aMore
Published 04-Jan-2018 09:47 IST
Mumbai: Benchmark Sensex ended marginally lower in volatile trade on Wednesday as wary investors remained on the sidelines ahead of the corporate results season. Participants pocketed gains in auto, IT, oil and gas, teck and healthcare counters, which dragged the index lower in fag-end trading. TheMore
Published 03-Jan-2018 19:54 IST
Mumbai: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade. The Sensex of the BSE after opening at 33,929.61 points and touched a high of 33,970.61 points and a low of 33,885.22 points.
Published 03-Jan-2018 09:49 IST
Bengaluru: A Software veteran Salil S. Parekh, who took over as the CEO and MD of Infosys on Tuesday, said he was excited to lead the IT major on its path of helping clients digitally reinvent themselves. "I am excited to lead the company on its path of helping clients digitally reinvent themselvesMore
Published 02-Jan-2018 22:14 IST
Mumbai: The Indian arm of the German auto major Volkswagen has crossed 1.50 lakh vehicles production in a year at its Pune facility, rolling out 1,50,150 units of cars in 2017 driven by sedan Vento, which accounted for almost half of the total production. The total production (domestic and exports)More
Published 02-Jan-2018 19:25 IST
Mumbai: Reversing its initial gains, the BSE Sensex today ended flat as caution prevailed ahead of corporate results amid soaring global crude prices and a subdued trend in European markets. After a higher opening at 33,913.55, the Sensex advanced to hit the day's high of 33,964.14. ButMore
Published 02-Jan-2018 16:20 IST
New Delhi: Gold edged higher by Rs 50 to Rs 30,450 per 10 gram at the bullion market on Tuesday, tracking a firm trend overseas amid scattered buying by local jewellers. However, silver slipped by Rs 390 to Rs 39,710 per kg due to reduced offtake by industrial units and coin makers.
Published 02-Jan-2018 15:20 IST
Mumbai: The rupee retreated from fresh five-month high level to trade lower by 4 paise at 63.72 against the US currency in early session on some dollar buying by importers and banks.
Published 02-Jan-2018 11:32 IST
Bengaluru: Much-troubled software major Infosys begins the New Year with its newly appointed Chief Executive Officer (CEO) Salil S. Parekh joining on Tuesday ahead of its third quarter results on January 12. "As per plan and the Board's decision on December 2, Parekh joins us as the new CEO andMore
Published 01-Jan-2018 22:36 IST
Mumbai: The benchmark BSE Sensex on Monday dropped by 244 points, its biggest single-day fall in past one month, to close below the key 34,000-mark on the first trading day of 2018 after a late sell-off in auto, banking and IT stocks.
Published 01-Jan-2018 17:26 IST
Mumbai: Profit booking along with low volumes subdued the key indices of the Indian equity market during the noon session on Monday -- the first trading day -- of 2018. According to market analysts, selling pressure was witnessed in banking and IT stocks. At 12.00 p.m., the 30-scrip S&P BSE Sensex,More
Published 01-Jan-2018 13:15 IST
New Delhi: Automobile major Maruti Suzuki India on Monday reported a 10.3 per cent rise in its monthly sales for December. According to the company, its total sales including exports during the month under review rose to 130,066 units from 117,908 units sold during the corresponding month of 2016.
Published 01-Jan-2018 10:58 IST
Mumbai: Stock markets opened on a subdued note on the first trading day of 2018, with the benchmark BSE Sensex declining over 18 points in early trade on profit-booking after recent gains.
Published 01-Jan-2018 10:17 IST
Mumbai: Starting the New Year on a highly bullish note, the rupee surged ahead to close at a fresh five-month high of 63.68 a dollar, gaining 19 paise against its US counterpart. This is the highest closing for the home currency since August 8 last year when it had settled at 63.63. Continuing itsMore
Published 01-Jan-2018 10:14 IST | Updated 19:41 IST

Jaitley launches options trading in guar seed says
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