Business

May 25, 2017 8:43 PM

Sensex zooms 448 points to reach record high

Snapping two days of losses, the Sensex at the Bombay Stock Exchange spurted 448 points, or 1(point)5 percent, to close at a fresh record high of 30,750, today. The Nifty at the National Stock Exchange surged 149 points, to 9,510.

May 25, 2017 12:14 PM

Sensex gains 164 points to trade at 30,465 in late morning deals

The Sensex at the Bombay Stock Exchange gained 164 points to trade at 30,465 in late morning deals. Earlier, the 30-share index rose by 122 points to 30,424.The NSE Nifty was also trading higher by 56 points to at 9,417 a short while ago.The rupee climbed 25 paise to 64.48 against the dollar on incr...

May 24, 2017 2:05 PM

Sensex climbs 39 points

At the stock markets, after a positive opening, the Sensex at the Bombay Stock Exchange significantly trimmed its initial gains, and climbed just 39 points to 30,404, a short while ago.The Nifty at the National Stock Exchange declined 2 points to 9,384. But at the foreign exchange market, the rupee ...

May 24, 2017 12:08 PM

Sensex up 83 points in early trade

At the stock markets, the Sensex at the Bombay Stock Exchange was trading almost 83 points up at 30,448 in late morning trade, a short while ago. The 30-share index had recovered by 120 points in opening trade.The Nifty at the National Stock Exchange was trading 20 points up at 9,406.At the foreign ...

May 24, 2017 9:58 AM

Rupee up 9 paise against dollar

The rupee edged higher by 9 paise to 64 point 80 against the dollar in earlytrade today. Yesterday, the rupee had slumped by a whopping 34 paiseto end at a fresh seven-week low of 64.89 against the American currency. Meanwhile, the benchmark BSE Sensex recovered 120.54 points to 30,485.79 in early t...

May 23, 2017 11:24 PM

Monsoon may hit Kerala before May 30: IMD

The India Meteorological Department (IMD) has predicted the onset of the monsoon in Kerala on 30th of this month but there is a possibility that it may hit Kerala a day before that. With chances of continuation of the El Nino effect, a phenomena associated with warming of Pacific waters, the IMD has...

May 23, 2017 5:27 PM

Growth to remain subdued at 6.6% in Q4 FY17

Weak investment activity is likely to restrain economic growth at 6(point)6 per cent for the quarter ended March 2017, says a Dun and Bradstreet report.Going forward, normal monsoon is expected to provide the requisite boost to demand, while transition to GST regime is likely to create some disrupti...

May 23, 2017 6:16 AM

Govt asks industry to hold back price increases till GST roll out

The government has asked industry to hold back price increases till GST roll out from July 1, saying such hikes might later lead to inquiry of balance sheet by a specified authority. Revenue Secretary Hasmukh Adhia told a TV Channel yesterday that anti-profiteering provision in GST laws was essentia...

May 23, 2017 5:31 AM

RBI to reconstitute oversight committee to deal with bad loans

The RBI has decided to reconstitute the oversight committee, OC, with more members after the government armed it with additional powers to resolve bad loans with banks that have crossed Rs 8 lakh crore. In a statement in Mumbai yesterday, the RBI said, while the current members will continue in the ...

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