Business
ZTE Plummets After US Senate Puts Donald Trump Reprieve in Doubt
ZTE's Hong Kong-listed shares tumbled as much as 24 percent to HK$10.02, its lowest in nearly two years, while its Shenzhen shares fell by their daily limit of 10 percent. Since trading resumed last week, the stock has lost 38 percent or more than $7 bill...
RBI May Hike Rates Again in August on Rise in Inflation: Analysts
Official data released yesterday said retail inflation jumped to a four-month high of 4.87 per cent in May on costlier food items such as fruits, vegetables and cereals, coupled with high fuel rates.
Asian Stocks Choppy, Dollar Rises as Historic Trump-Kim Summit Starts
A de-nuclearisation deal would be positive for South Korean assets given the possible boost to growth and fading geopolitical risks, analysts at Goldman Sachs said in a note
PNB Expects Rs 8,000 Crore Recovery From NPAs This Month
It is to be noted that PNB posted loss of Rs 13,416.91 crore for the fourth quarter ended March, 2018, the biggest ever by any domestic lender.
Rupee Rises 21 Paise Against US Dollar in Early Trade
Participants are also keeping an eye on RBI's second bi-monthly monetary policy meeting of 2018-19, being held from June 4-6.
FPI Outflow Hits 18-month High at Rs 29,714 Crore in May
According to the latest depository data, foreign portfolio investors (FPIs) withdrew a net sum of Rs 10,060 crore from equities and another Rs 19,654 crore from the debt market in May, taking the total to Rs 29,714 crore (USD 4.4 billion).
Revenue Earned From Cheap Crude Oil Utilised in Developmental Projects, Says Piyush Goyal
Piyush Goyal, however, said the government was concerned about the spurt in fuel prices in the country and the inconvenience caused to the common man because of the price rise.
Coca Cola, Infosys, Others Pledge to Beat Plastic Pollution in India
The government is sensitising the issue on the occasion of the World Environment Day on June 5 with the theme 'Beat plastic pollution'.
Rupee Zooms to One Month high on Upbeat GDP Data
The economic expansion was significantly higher than China's 6.8 per cent in the January-March period.
Samsonite CEO Ramesh Tainwala Makes Hasty Exit After Being Accused of Lying on Resume
The world's largest luggage maker said Tainwala had resigned for personal reasons but its board took seriously allegations about his academic credentials and his departure was "in the best interests of the company and its shareholders".
PM Modi Launches Three Indian Digital Payment Apps in Singapore
Modi launched India's BHIM, RuPay and SBI app at the 'Business, Innovation and Community Event' held in Singapore, where digital platform was the main theme,
Sunil Mittal to Pump in Over a Billion Dollars in Son-in-Law’s Hotel Chain, Says Report
The investment will fund acquisitions by Pasricha’s Ennismore, a developer that owns the Gleneagles resort and Hoxton hotel chain expanding in the US and Europe.
Rupee Drops 22 Paise Against US Dollar
Dealers attributed the rupee's fall to increased demand for the US currency from importers and foreign fund outflows. Besides, a lower opening of the domestic equity market too weighed on the rupee.
China Approves 13 New Ivanka Trump Trademarks in 3 Months
China granted the first daughter's company final approval for its 13th trademark in the last three months, trademark office records show.
Petrol Prices Rise for 14th Straight Day; Cross Rs 78 Mark in Delhi
According to the data from oil marketing major IndianOil, petrol price rose to Rs 78.12 in Delhi on Sunday from Rs 77.97 a litre on Saturday.
NCLAT Admits Banks' Petition Over Jaypee Land
A two-member bench headed by Chairman Justice S J Mukhopadhaya also issued notices to the resolution professional (RP) of the company over the petition filed by three lenders -- Axis Bank, Standard Chartered Bank and ICICI Bank.