Category: BUSINESS

Snapping its downward trend, gold prices Friday witnessed a rise of Rs 200 to Rs 33,270 per 10 grams at the bullion market here on fresh buying from jewellers amid firm trend overseas, according to the All India Sarafa Association. Tracking gold, silver advanced by Rs 120 to Rs 39,100 per kg due to increased offtake by industrial units.Traders said with China’s export data registering a decline thereby indicating a weaker global economic outlook, led to safe-haven buying from the jewellers.Besides, firm trend overseas aided in upward movement of the…

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Markets regulator Sebi Thursday exempted a private family trust related to the promoter group of Suprajit Engineering from the obligation of making an open offer following its proposed acquisition of 38 per cent stake in the firm. Supriyajith Family Trust had sought exemption from the obligation of making open offer post acquisition of over 5.31 crore shares in Suprajit Engineering, a leading automotive supplier.Under the proposed acquisition, the trust would be acquiring 38 per cent shares of the firm from its promoters Ajith Kumar Rai and Supriya Ajith Rai, who…

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The Reserve Bank of India has imposed a total monetary fine of Rs 8 crore on three banks – Karnataka Bank, United Bank of India and Karur Vysya Bank – for non-compliance of directions on Swift messaging software. While the RBI imposed a Rs 4 crore fine on Karnataka Bank, United Bank is facing a penalty of Rs 3 crore. The regulator has levied Rs one crore fine on Karur Vysya Bank. The RBI has levied an aggregate penalty of Rs 40 million on the bank for delayed implementation of…

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Union Minister Dharmendra Pradhan Saturday inaugurated and laid foundation of several oil and gas projects in Tripura and said the northeast state is ranked number one in production of natural gas in the country. “Tripura produces 4.96 mmscmd gas per day which is highest in the country. But we want to augment productions, so we have set a target of producing 10 mmscmd per day,” Pradhan said after inaugurating several projects by remote here. The Petroleum and Natural Gas minister said Prime Minister Narendra Modi is focused on improving the…

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The benchmark BSE Sensex opened on a positive note Thursday amid buying by domestic as well as foreign institutional investors ahead of February derivatives expiry.Investors, however, were cautious on concerns over the tension between India and Pakistan .The 30-share index was trading higher by 81.45 points, or 0.23 per cent, to 35,986.88. The gauge had lost 308 points in the previous two sessions.The NSE Nifty too was trading in the green, up 35.35 points, or 0.33 per cent, at 10,842.Major gainers that supported key indices were Coal India, Bharti Airtel,…

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 The benchmark BSE Sensex fell over 350 points in early trade Tuesday amid rising tension between India and Pakistan, weak Asian cues and selling pressure on banking, power, IT and power counters.The Sensex was trading 343.20 points, or 0.95 per cent, down at 35,870.18 after touching a low of 35,842.58. The gauge rallied 342 points in Monday’s trade.The 50-share Nifty also fell 105.45 points, or 0.97 per cent, to 10,774.65.According to brokers, domestic investor sentiment took a beating after the Pakistan Army on Tuesday alleged that the Indian Air Force…

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Mumbai, Feb 26 (DIN NEWS) The benchmark BSE Sensex fell over 350 points in early trade Tuesday amid rising tension between India and Pakistan, weak Asian cues and selling pressure on banking, power, IT and power counters. The Sensex was trading 343.20 points, or 0.95 per cent, down at 35,870.18 after touching a low of 35,842.58. The gauge rallied 342 points in Monday’s trade. The 50-share Nifty also fell 105.45 points, or 0.97 per cent, to 10,774.65. According to brokers, domestic investor sentiment took a beating after the Pakistan Army…

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The BSE Sensex zoomed 342 points and the NSE Nifty reclaimed the 10,800 mark in Monday’s session, driven by IT and financial stocks, amid heavy foreign and domestic fund inflow. Domestic equities tracked positive cues from other Asian and European markets after US President Donald Trump announced extension of the March 1 deadline for increasing tariff on import of Chinese products. The 30-share index ended 341.90 points, or 0.95 per cent, at 36,213.38; while the broader Nifty soared 88.45 points, or 0.82 per cent, to conclude the session at 10,880.10…

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Mumbai, Feb 21 (DIN NEWS) Benchmark indices started on a positive note Thursday tracking gains on banking counters, after the government announced infusion Rs 48,239 crore in 12 public sector banks, buying by foreign and domestic institutional investors, and positive global cues. The 30-share index was trading 8.47 points, or 0.02 per cent, at 35,764.73. Similarly, the 50-share NSE Nifty was trading 6.05 points, or 0.06 per cent, higher at 10,741.50. The Sensex had settled at 35,756.26, up 403.65 points, or 1.14 per cent in the previous session, while the…

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The BSE benchmark Sensex rallied over 250 points in early trade Wednesday as metal, banking and realty stocks soared amid sustained buying by domestic institutional investors. Positive cues from other Asian markets too buoyed mood on Dalal Street. The 30-share index was trading 269.24 points, or 0.76 per cent, at 35,621.85. Similarly, the 50-share NSE Nifty rose 74.40 points, or 0.70 per cent, to 10,678.75. The Sensex had settled 145.83 points lower at 35,352.61 in the previous session, while the Nifty had fallen 36.60 points to 10,604.35. Top gainers in…

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