Mumbai, Aug 28: The rupee depreciated marginally by 9 paise to 71.57 against the US dollar in early trade on Wednesday amid unabated foreign fund outflows and cautious opening in domestic equities. Forex traders said concerns about US-China trade spat kept market participants edgy. Rupee and most Asian currencies […]
NEW DELHI – Maruti Suzuki India Ltd Chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand. Safety norms and higher taxes have “added substantially” to the cost of cars, […]
MUMBAI – The rupee fell to its lowest in more than eight months on Friday morning tracking weakness in other regional currencies, while concerns over flagging domestic growth also weighed on sentiment. Foreign portfolio outflows from the equity markets are also hurting the rupee. By 0352 GMT, the […]
MUMBAI – When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy. But sentiment is souring in the country’s boardrooms after a much-anticipated budget in July […]
Mumbai, Aug 23: The rupee recovered from early low levels to trade higher by 9 paise at 71.72 against the US currency in late morning trade on Friday. The rupee for the first time in nine months breached the 72-mark against the US dollar in opening trade due to […]
Mumbai, Aug 22: The rupee opened on a weak note and fell 17 paise to 71.71 against the US dollar in early trade on Thursday amid foreign fund outflows and cautious opening in domestic equities. At the interbank foreign exchange, the rupee opened weak at 71.65 then fell to […]
BENGALURU – Indian shares fell on Thursday as investors fretted over the chances of a fiscal stimulus and anxiously awaited the U.S. Federal Reserve chairman’s speech later this week for clues on future rate cuts. Real estate stocks were among the top losers, with the Nifty real estate […]
Mumbai, Aug 21: Benchmark equity index Sensex slumped 268 points on Wednesday, dragged by losses in ITC, HDFC, L&T and ICICI Bank as investors remained wary of an economic slowdown. After plunging 305 points, the 30-share Sensex settled 267.64 points, or 0.72 per cent, lower at 37,060.37. It hit […]
Mumbai, Aug 13: BSE benchmark Sensex on Tuesday crashed about 624 points dragged by heavy losses in index heavyweights HDFC twins, Infosys, ITC and ICICI Bank amid sell-offs in global equities. Bucking the overall downtrend, shares of Reliance Industries (RIL) rallied nearly 10 per cent, capping the Sensex loss […]
NEW DELHI – India’s domestic passenger vehicle sales fell 30.9% in July, an auto industry body said on Tuesday, marking a ninth straight decline in monthly sales amid a deepening crisis in the autos sector that has triggered massive job losses. The country’s automakers sold a total of […]
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