Business

Dealers said dollar's strengthening against rivals overseas following hints of interest rate hike in December from US Federal Reserve chief Janet Yellen also weighed on the domestic currency.

The company intends to invest Rs 7,000 crore in the state and was seeking land near Supe or Khed industrial zones in Pune district, an official of the industries department said.

The cup of woes for markets spilled over as the Sensex today plunged over 514 points to end at nearly 6-month low of 26,305 and the Nifty crashed below 8,200 after fears of acute cash crunch arising out of demonetisation played out amid capital outflows a...

The benchmark BSE Sensex crashed by over 344 points and the NSE Nifty dipped below 8,200-mark in early trade on Tuesday as investors engaged in cutting down their bets amid rupee plunging by 42 paise.

Concerned over circulation of fake currency in the country, Finance Ministry on Saturday asked the Reserve Bank to set up a special cell to monitor such notes.

Industrial production grew a meagre 0.7 percent in September mainly due to poor show by manufacturing and mining sectors coupled with decline capital goods output.

The Reserve Bank of India (RBI) on Friday said there was enough cash made available with banks all over the country for exchange of demonetised Rs 500 and Rs 1,000 notes, though it may "take a while for the banks to recalibrate their ATMs".

US financial markets witnessed wild swings after Republican Donald Trump won the country's presidential election, but then stabilised and regained momentum as the Wall Street further digested information about the results.

Your 500 and 1,000 rupee notes will be worthless bits of paper this morning. But don’t panic! You won’t lose out if you follow these instructions from the Reserve Bank of India.

Cash withdrawal restrictions will be eased once the supply of new, hard-to-fake Rs 500 and Rs 2,000 currency notes improves and a stockpile of lower denomination notes is created, the government said on Wednesday.

Investors' risk taking appetite was enhanced following US electoral developments, such as the clean chit given by the US investigators to the Democratic presidential nominee Hillary Clinton.

Spooked investors remained hesitant for the fifth session in a row amid uncertainty over US election result, pulling Sensex 156 points to near four-month low of 27,274.15 led by huge sell-off in pharma counters.

The latest ranking for ease of doing business, that has Andhra Pradesh and Telangana as joint toppers, has surprised the country.

The stock market witnessed turbulence in the festive week as the benchmark BSE Sensex lost 135.67 points to retreat from the psychological 28,000-mark, while broader Nifty fell by 55.05 points.

Indian Hotels Company Ltd (IHCL) and Tata Sons on Thursday termed as “completely baseless and unfounded” speculations that Rakesh Sarna, the Managing Director and CEO of Taj Hotels, is leaving the company.

The central government employee unions had sought the DA to be increased by 3 per cent and not 2 per cent.