Business

February 12, 2019 7:48 PM

Industrial growth remains subdued at 2.4 per cent in December

Industrial output growth remained subdued at 2.4 per cent in December 2018 on account of contraction in the mining segment and poor show by the manufacturing sector.  According to the data released by the Central Statistics Office, CSO, Factory output as measured in terms of the Index of Industrial ...

February 12, 2019 2:28 PM

Sensex falls 57 points to trade at 36,338

Domestic stocks today witnessed marginal losses in afternoon trade for third session in row even as global cues were positive. The Sensex at the Bombay Stock Exchange fell 57 points to trade at 36,338 a short while ago. The Nifty at National Stock Exchange also slipped 14 points to trade at 10,875.H...

February 8, 2019 8:41 AM

Bankers welcome 25 basis point rate cut announced by RBI

Bankers have welcomed the 25 basis point rate cut announced by the RBI in the sixth bi-monthly monetary policy review yesterday. SBI Chairman Rajnish Kumar said, the policy rightfully signals that rates may further soften going forward, with the headline inflation numbers consistently undershooting ...

February 7, 2019 8:16 PM

RBI cuts repo rate, reverse repo rate in its bi-monthly monetary policy

Reserve Bank of India in its bi-monthly monetary policy has reduced repo rate by 25 basis points to 6.25 per cent. RBI's six-member monetary policy committee also brought down reverse repo rate to 6 per cent. The repo rate is the rate at which the Reserve Bank lends short-term money to the ...

February 5, 2019 4:59 PM

Sensex climbs 34 points to end at 36,617

Benchmark domestic stocks todayclosed marginally higher logging gains for fourth straight session. The keyindices witnessed gains amid mixed cues from global markets. The Sensex at the Bombay StockExchange climbed 34 points to end at 36,617. The Nifty at National StockExchange also added 22 points t...

February 4, 2019 3:41 PM

Petrol prices fell for 5th straight day, Diesel became cheaper

Petrol prices fell for the fifth straight day today following the daily revision in fuel prices. Petrol prices in all the metro cities fell between 10 to 16 paise per litre while diesel became cheaper by 8 to 12 paise.  Petrol prices in New Delhi were cut by 15 paise to 70 rupees 59 paise a litre to...

February 3, 2019 7:56 PM

RBI policy, quarterly results key drivers for markets this week: Experts

The RBI's policy meet outcome, ongoing quarterly results season and global cues may set the tone for the stock markets in next business week. Analysts said that the markets may also see an overhang of the interim budget announcements.   They added that services sector data to be announced e...

February 3, 2019 5:50 PM

FPIs pull out Rs 5,300 crore from capital markets in January

Foreign Portfolio Investors, FPIs, withdrew over 5,300 rupees crore from the Indian capital markets in January, indicating their 'wait and watch' approach ahead of the general elections.   Prior to this, they had infused a net sum of over 17,000 rupees crore in the capital markets,...

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