Mumbai, Jul 9: 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 […]
MUMBAI – The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd’s account to the Reserve Bank of India (RBI). The fraud, “alleging diversion of funds from the banking system” was […]
Mumbai, Jul 4: Banks have reported a massive 73 percent increase in incidents of fraud worth Rs 71,543 crore in FY19, a senior Reserve Bank official said Thursday. Till March 2019, the top five, 10 and 100 cases of frauds cumulatively reported constituted 24 percent, 34 percent and 70 […]
Mumbai, Jul 4: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a positive note Thursday as investors awaited cues from the Economic Survey. The 30-share index was trading 68.35 points, or 0.17 per cent, higher at 39,907.60 at 0930 hours. Similarly, the broader Nifty was quoting 28.25 […]
New Delhi, Jul 4: The government Thursday pegged the growth rate for the current fiscal at 7 per cent, marginally up from the five-year low of 6.8 per cent recorded in the previous fiscal. According to the Economic Survey for 2018-19, tabled by Finance Minister Nirmala Sitharaman in the […]
BENGALURU – India’s government will turn on the fiscal taps in the federal budget on Friday and revise its borrowing target slightly higher for this year and next, prompted by a slowing economy and weak jobs growth, a Reuters poll of economists showed. After winning a second term […]
Mumbai, Jul 3: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a volatile note Wednesday as investors turned jittery on weak domestic and global cues amid continued foreign fund outflow. After swinging nearly 200 points in the first half hour of the session, the 30-share index was […]
Mumbai, Jul 3: The rupee appreciated by 16 paise to 68.79 against the US dollar in opening trade Wednesday, driven by positive opening in domestic equities and weakening of the greenback in overseas markets. The rupee opened strong at 68.83 at the interbank forex market then gained further ground […]
Indian shares rose on Monday, in line with broader Asian markets following a U.S.-China trade truce, with financial stocks seeing a surge, while oil shares retreated on rising crude prices. The broader Nifty was 0.47% higher at 11,843.45 as of 1015 IST, while the benchmark Sensex, was up […]
Mumbai, Jul 1: Domestic equity benchmark BSE Sensex rallied over 200 points Monday, tracking positive cues from global equities amid easing trade tension between the US and China. The 30-share index was trading 249.57 points, or 0.63 per cent, higher at 39,644.21 at 0930 hours. Similarly, the broader NSE […]
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