Mumbai, Sep 25: The Indian rupee opened on a cautious note and fell 11 paise to 71.12 against the US dollar in early trade on Wednesday amid rising demand for the US dollar vis-a-vis other currencies overseas. Forex traders said weak opening in domestic equities and unabated foreign fund […]
Mumbai, Sep 23: Extending its euphoria over government’s economy-boosting measures, equity benchmark BSE Sensex soared over 1,300 points to reclaim the 39,000 mark in early session on Monday, driven by gains in index heavyweights HDFC Bank, ITC, L&T and ICICI Bank. After hitting a high of 39,346.01 points, the […]
PANAJI, India – India cut corporate tax rates on Friday in a surprise move designed to woo manufacturers, revive private investment and lift growth from a six-year low that has led to major job losses and fueled discontent in the countryside. Prime Minister Narendra Modi, under pressure to […]
Indian shares notched their best day in more than a decade after the government announced deep cuts in corporate taxes to revive flagging growth in Asia’s third-largest economy. Finance Minister Nirmala Sitharaman said the effective corporate tax rate would be lowered to around 25% from 30% and scrapped […]
Mumbai, Sep 20: Domestic equity benchmark BSE Sensex vaulted 1,921 points on Friday, fuelled by a slew of economy-boosting measures announced by Finance Minister Nirmala Sitharaman. Logging its biggest intra-day spike in over a decade, the 30-share index soared 2,284.55 points to a peak of 38,378.02, before settling 1,921.15 […]
Mumbai, Sep 20: Reserve Bank governor Shaktikanata Das expects the growth to pick up from the second quarter as the government spending has gained momentum now. In the first quarter, the GDP grew at the slowest pace in as many as 25 quarters at 5 percent-which is even lower […]
Mumbai, Sep 19: Market benchmark BSE Sensex plunged 470 points on Thursday, dragged by a heavy sell-off in banking and energy stocks amid incessant foreign fund outflows. After gyrating 626 points, the 30-share index ended 470.41 points, or 1.29 per cent, lower at 36,093.47. The index hit an intra-day […]
Mumbai, Sep 16: The rupee tumbled by 68 paise to 71.60 against the US currency in early trade on Monday, as a sharp jump in global crude oil prices dampened investor sentiments. Forex traders said, market participants were concerned as the drone attack on Saudi Arabia’s oil facilities has […]
MUMBAI – India’s current account and fiscal deficit could take a hit if oil prices continue to rise after an attack on Saudi Arabian oil facilities over the weekend, the central bank chief said on Monday. “We should allow a few more days to see how the situation […]
Mumbai, Sep 1: The rupee opened on a cautious note and fell 13 paise to 71.84 against the US dollar in early trade on Wednesday amid rising crude oil prices and unabated foreign fund outflows. At the Interbank Foreign Exchange, the rupee opened at 71.82 then fell to 71.84 […]
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