Category: BUSINESS

Equity benchmark BSE Sensex rebounded 320.33 points to trade at 40,048.74 in opening deals on Friday, led by intense buying mainly in banking and IT counters. Likewise, the broader NSE Nifty surged 86.75 points or 0.74 per cent to 11,767.10 in early trade. On the Sensex chart, IndusInd Bank, Tata Steel, Infosys, ONGC, Kotak Bank, NTPC and Bharti Airtel were among prominent gainers. Of the 30 Sensex constituents, 27 were trading in the green. Asian shares were trading on a mixed note amid growing fears about resurgence of coronavirus cases…

Read More

Equity benchmark BSE Sensex rebounded 320.33 points to trade at 40,048.74 in opening deals on Friday, led by intense buying mainly in banking and IT counters. Likewise, the broader NSE Nifty surged 86.75 points or 0.74 per cent to 11,767.10 in early trade. On the Sensex chart, IndusInd Bank, Tata Steel, Infosys, ONGC, Kotak Bank, NTPC and Bharti Airtel were among prominent gainers. Of the 30 Sensex constituents, 27 were trading in the green. Asian shares were trading on a mixed note amid growing fears about resurgence of coronavirus cases…

Read More

Equity benchmark Sensex dropped over 200 points in opening trade on Thursday tracking losses in index majors TCS, ICICI Bank and HDFC Bank amid weak cues from global markets. The 30-share BSE index was trading 248.36 points or 0.61 per cent lower at 40,546.38, and the broader NSE Nifty fell 62.05 points or 0.52 per cent to 11,909. Tech Mahindra was the top loser in the Sensex pack, shedding around 2 per cent, followed by HCL Tech, TCS, ICICI Bank, Bajaj Finance and ITC. On the other hand, Tata Steel,…

Read More

Equity benchmark Sensex dropped over 200 points in early trade on Wednesday tracking losses in index-heavyweights HDFC twins, ICICI Bank and ITC amid weak cues from global markets. The 30-share BSE index was trading 214.94 points or 0.53 per cent lower at 40,410.57, and the broader NSE Nifty fell 77.05 points or 0.65 per cent to 11,857.45. ONGC was the top loser in the Sensex pack, shedding around 3 per cent, followed by NTPC, PowerGrid, UltraTech Cement, ITC, HDFC Bank, ICICI Bank and HDFC. On the other hand, Tata Steel,…

Read More

Equity benchmarks Sensex and Nifty ended marginally higher after choppy trade on Tuesday, propped up by RIL and IT stocks amid lacklustre cues from the global markets. Rising for the ninth session in a row, the 30-share BSE Sensex ended 31.71 points or 0.08 per cent higher at 40,625.51. Similarly, the broader NSE Nifty inched up 3.55 points or 0.03 per cent to 11,934.50. HCL Tech was the top gainer in the Sensex pack, climbing 3.94 per cent, followed by Kotak Bank, Infosys, Reliance Industries, UltraTech Cement and Tech Mahindra.…

Read More

In a bid to stimulate demand in the economy, the government on Monday announced giving out cash vouchers to central government employees this year in lieu of leave travel concession (LTC) fare which could be spent only on buying non-food GST-rated items. Finance Minister Nirmala Sitharaman said the employees could buy items that attract 12 per cent or more goods and services tax (GST). These purchases will have to be made in digital mode from GST-registered outlets. Every four years, central government employees get LTC to any destination to their…

Read More

With an aim to achieve a share of 20 per cent by the end of 2021-22 and 30 per cent by 2023-24 in transportation of automobiles, Railway Minister Piyush Goyal on Saturday met auto industry leaders to encourage them to use the rail network. Representatives of Society of Indian Automobile Manufacturers (SIAM), Tata Motors, Hyundai Motors, Ford Motors, Mahindra & Mahindra, Honda India, and Maruti Suzuki Ltd, the Automobile Freight Train Operators (AFTOs), Automotive Tyre Manufacturers’ Association (ATMA), participated in the meeting, a statement from the Railway Ministry said. The…

Read More

The rupee opened on a flat note and inched 5 paise higher to 73.28 against the US dollar in early trade on Thursday supported by positive domestic equities and weak American currency. Traders said investors are cautious ahead of the RBI Monetary Policy Committee (MPC) decision on Friday. At the interbank forex market, the rupee was trading in a narrow range. It opened at 73.29 against the American currency, gained some ground and touched 73.28, up 5 paise from its previous close. On Wednesday, the rupee settled at 73.33 against…

Read More

HDFC Bank Managing Director and Chief Executive Officer Aditya Puri has assured employees of the country’s largest private sector lender that their jobs and bonuses are secure. Even as the COVID-19 pandemic rages on, Puri, who retires later this month, said the bank is doing well, has sufficient capital and does not have any strain in the loans that it has made. He also hinted that the bank may post a strong set of quarterly numbers in the recently ended July-September period and quarters ahead as well. The COVID-19 pandemic…

Read More

The rupee depreciated by 16 paise to close at 73.29 (provisional) against the US dollar on Monday even as the domestic equity market was trading with significant gains. The Indian currency opened at 73.16 at the interbank forex market and touched an intra-day high of 73.08 and a low of 73.41 against the greenback. It finally settled for the day at 73.29, down 16 paise over its last close of 73.13 a dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.17…

Read More