Business

Sensex climbs 391 points; Nifty jumps 116 points

August 3, 2018 4:22 PM

Sensex climbs 391 points; Nifty jumps 116 points

Domestic stocks today bounced back to close with more than one per cent gain recovering losses of last two sessions.  Amid mixed global markets, the Sensex at the Bombay Stock Exchange climbed 391 points to settle at 37,556.  Nifty at National Stock Exchange also jumped up 116 points to close at 11,...

RBI hikes repo rates by 25 basis points

August 2, 2018 8:16 AM

RBI hikes repo rates by 25 basis points

The Monetary Policy Committee, MPC, of the Reserve Bank of India today hiked repo rate by 25 basis points to 6.50 per cent in its third bi-monthly monetary policy review of 2018-19.  For the second consecutive time, the six-member MPC headed by RBI Governor Urjit Patel has hiked the key policy repo ...

Eight core sector industries' growth climbs to 6.7 per cent in June

July 31, 2018 9:12 PM

Eight core sector industries' growth climbs to 6.7 per cent in June

Eight core sector industries registered seven-month high growth of 6.7 per cent in June this year.  According to the data released today by the commerce and industry ministry, eight sectors including coal, refinery products, fertilisers, steel and cement showed better performance due to better outco...

India imposes safeguard duty on solar cells imports from China, Malaysia

July 31, 2018 12:24 AM

India imposes safeguard duty on solar cells imports from China, Malaysia

India today imposed safeguard duty on solar cells imports from China and Malaysia for two years to protect domestic players from steep rise in the inbound shipments of the product.   This comes following recommendations by the Directorate General of Trade Remedies (DGTR), under the commerce ministry...

Parliament passes bill for merger of subsidiary banks with SBI

July 30, 2018 9:10 PM

Parliament passes bill for merger of subsidiary banks with SBI

The Parliament has passed the State Banks (Repeal and Amendment) Bill, 2017 with the Lok Sabha approving the amendments sent by the Rajya Sabha.  The Upper house had earlier passed the bill with amendments.  The Bill seeks to repeal the State Bank of India (Subsidiary Banks) Act, 1959, the State Ban...

Sensex surges 158 points; Nifty settles At 11320

July 30, 2018 5:58 PM

Sensex surges 158 points; Nifty settles At 11320

Domestic stocks, extending the last week's record-breaking rally, today rose for seventh straight session to new lifetime highs.  Sensex at Bombay Stock Exchange and Nifty at National Stock Exchange jumped up even as all major Asian and European share markets logged losses.  Sensex gained 1...

Domestic stocks hit fresh lifetime highs

July 27, 2018 9:03 PM

Domestic stocks hit fresh lifetime highs

Domestic stocks today closed with fresh lifetime highs.  Sensex at Bombay Stock Exchange and Nifty at National Stock Exchange jumped up around one per cent.  Sensex Climbed 352 points to end at 37,337 while Nifty surged 111 points to settle at 11,278.  The rupee today remained almost flat as it appr...

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