Category: BUSINESS

Extending gains for the third consecutive session, market benchmark BSE Sensex rose 85 points Wednesday, driven by gains in banking and IT stocks.After a volatile session, the 30-share index settled 84.60 points or 0.22 per cent higher at 39,215.64. It swung 203 points intra-day, hitting a high of 39,284.73 and a low of 39,081.14.The broader NSE Nifty ended 24.90 points or 0.21 per cent up at 11,687.50. During the day, the index hit a high of 11,706.65 and a low of 11,651.15.Top gainers in the Sensex pack included SBI, Tech…

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Former South Africa president Jacob Zuma has said that he initiated the idea that led to the controversial Indian-origin Gupta family establishing their media empire, which has since collapsed.Zuma said he had conceived the idea of having an “alternative media” in South Africa because “the media in this country is very biased; at all material times, just critical”.He started his long-awaited testimony on Monday before the Zondo Commission, which is inquiring into allegations of “state capture” during his rule.Zuma said the African National Congress had been trying to establish some…

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Domestic equity benchmark BSE Sensex surged over 250 points in opening trade Monday driven by gains in index heavyweight Infosys, amid positive cues from global markets.The 30-share index, however, gave up some gains to trade 164.84 points, or 0.43 per cent, higher at 38,901.07 at 0930 hours. Similarly, the broader Nifty rose 46.95 points, or 0.41 per cent, to 11,599.45.Infosys was the top gainer in the Sensex pack, rallying over 5 per cent, after the IT major came out with its June quarter results post market hours on Friday. The…

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The Reserve Bank of India will come out with a mobile application to help visually challenged people in identifying currency notes as cash still remains a dominant mode of transaction.At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Centre.The RBI said that identification of banknote denomination is key to successful completion of cash-based transactions by visually impaired persons.Intaglio printing based identification marks for helping the visually challenged in identification of banknotes denomination are…

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Infosys co-founder Narayana Murthy said Saturday that looking at “what is happening in different parts of the country today”, the youth need to state bluntly that this was not the country for which our forefathers got freedom.Talking about his spat with Vishal Sikka, Infosys’ first non-promoter chief executive who quit in 2017, he said he had to speak up when he saw core values of the IT giant being thrown into the “dustbin”.Speaking at a panel discussion at St Xavier’s College here, Murthy referred to Sikka’s confrontation with him and…

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IT behemoth Infosys Ltd Friday posted better-than-expected 5.3 per cent rise in its June quarter net profit as it bagged more orders, and raised revenue growth forecast for the current fiscal to 8.5-10 per cent range.The country’s No 2 IT services firm posted a net profit of Rs 3,802 crore, or Rs 8.83 per share, in April-June as compared to Rs 3,612 crore, or Rs 8.31 a share, in the same period of the previous fiscal, the company said.Notably, Infosys has announced an enhanced capital allocation policy wherein it will…

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Domestic equity benchmark BSE Sensex jumped over 200 points in early trade Thursday tracking strong cues from global markets after US Federal Reserve Chairman Jerome Powell hinted at a rate cut soon.The 30-share index, however, gave up some gains to trade 106.35 points, or 0.28 per cent, higher at 38,663.39 at 0930 hours. Similarly, the broader Nifty rose 33.80 points, or 0.29 per cent, to 11,532.70.Top gainers in the Sensex pack included Vedanta, Tata Steel, SBI, Tata Motors, ONGC, PowerGrid, Yes Bank, Sun Pharma and M&M, rising up to 2…

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Chief Minister Ashok Gehlot said Wednesday Rajastan will start state games on the lines of Asian Games and National games to promote sports in the state.Presenting the budget in the Rajasthan assembly, Gehlot said along with government efforts, active participation of private sector is also necessary to promote sports. The government will bring ‘an entrepreneur-a sport plan’ in which an industrial household will adopt a sport and develop international level facilities for it in the state.He said a new pension scheme will be introduced to give financial support to international…

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Market benchmark BSE Sensex ended marginally higher after a volatile trade on Tuesday, snapping its two-day falling streak on the back of gains in index heavyweights RIL, L&T and Bajaj Finance.After swinging 378 points during the day, the 30-share index settled 10.25 points or 0.03 per cent higher at 38,730.82. The index hit an intra-day low of 38,435.87 and a high of 38,814.23.The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of losses. During the day,…

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Domestic equity benchmark BSE Sensex cracked over 400 points in early trade Monday dragged by losses in HDFC twins, L&T and RIL stocks, amid heavy selloff in global equities.The 30-share index was trading 405.67 points, or 1.03 per cent, lower at 39,107.72 at 0930 hours. Similarly, the broader Nifty sank 128 points, or 1.08 per cent, to 11,683.15.Top losers in the Sensex pack included Hero MotoCorp, L&T, Maruti, Bajaj Auto, M&M, Tata Motors and HUL, falling up to 3.44 per cent.While, Yes Bank, HCL Tech, Sun Pharma, Infosys, ITC, Vedanta…

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