Business
Rupee plunges to 1-week low; falls 14 paise at 63.60 against US dollar
Falling for the second day, the rupee on Wednesday depreciated by 14 paise to close at an over one-week low of 63.60 against the American currency.
8-10% growth, anti-poverty measures needed: Jaitley on Census
As many as 2.37 crore (13.25 per cent) families in villages lived in houses of one room with "kaccha" walls and roof.
Bandhan to start banking operations from August 23
With IFC, GIC Singapore and SIDBI as equity investors, Bandhan Bank would start operations with a capital base of Rs 2,616 crore.
Sensex slips 167 points, Nifty ends below 8350; FMCG supports
The Sensex was down 166.69 points or 0.6 per cent at 27645.15, and the Nifty slipped 54.40 points or 0.6 per cent at 8326.70.
Sensex rallies 414 points to 27,730.21 as good monsoon rekindle rate cut hopes
Rising for the seventh straight day, the benchmark BSE Sensex on Monday surged by 414 points to 27,730.21 on rally in realty, banks and auto shares as above average monsoon has reignited hopes of further easing of interest rates by the Reserve Bank.
Nestle shares reel under regulatory pressure, down 3%
The stock ended the day 2.79% lower at Rs 5,782.85 on the BSE. During the day, it had lost 3.33% to Rs 5,750. On the NSE, shares of Nestle went down by 2.86% to Rs 5,784.65.
Sensex rises 161 points to end at 26,586.55; Nifty above 8,000
Industrial production grew at a two-month high of 4.1 per cent in April, primarily driven by manufacturing sector, while retail inflation edged up to 5.01 per cent in May.
Steel prices may stay under pressure in FY16: Moody's
Sounding upbeat on the performance of two major players in the domestic market -- Tata Steel and JSW Steel – in 2015-16, it said that the worst phase for the two is over.
RBI has not shut its door on rate cut: Raghuram Rajan
RBI Governor Raghuram Rajan on Friday said the central bank has not shut its door on rate cut and will take a view depending upon the evolving situation with regard to monsoon and external environment.
FDI dips 40 per cent in March to 2.11 billion dollar; lowest in four months
Previously, in November 2014 the FDI was the lowest at USD 1.53 billion. FDI in India was at USD 3.53 billion in March 2014.
Rupee slips 12 paise to 63.82 vs US dollar
The rupee opened steady at 63.70 per dollar at the Interbank Foreign Exchange, but later turned weak to touch an intra-day low of 63.97 following heavy dollar demand.
Government reduces tariff value on gold, silver
Taking cue from global price trends, the government on Monday reduced the import tariff value of gold to USD 385 per 10 grams.
Sensex climbs 321 points on rate cut hopes, value-buying
The benchmark BSE Sensex on Friday staged a strong comeback to close 321.73 points higher on across-the-board buying in blue-chip stocks by funds and retail investors on rate cut hopes and value-buying.
Sensex, Nifty end flat; F&O expiry eyed, banks lead gainers
The 30-share BSE Sensex gained 33.25 points at 27564.66 while the Nifty declined 4.75 points to 8334.60 after hitting an intraday low of 8277.95.
State participation necessary to improve governmnet finances: RBI
Reserve Bank Governor Raghuram Rajan on Monday said growth is slow in picking up even as macro economic parameters have improved, while stressing the role of state governments in improving fiscal performance.
SEBI ropes in Narayana Murthy to head panel on start-ups
As per its Terms of Reference, the panel would give its recommendations to Sebi (Securities and Exchange Board of India) on issues related to the further development of the alternative investment and startup ecosystem in India.
