Business

The market cap of ITC soared Rs 11,506.29 crore to Rs 3,90,363.29 crore and that of SBI climbed Rs 7,630.89 crore to Rs 2,75,635.89 crore.

According to Indian Railways' board, using natural gas is about 25 per cent cheaper than the alternative fuels used by the railways at workshops and production units.

Diesel rates were hiked by 28 paisa a litre, the steepest increase since the daily revision in fuel rates was effected in mid-June last year.

Citing its earlier directive in this regard, it said one of the reasons for frauds was non-implementation of the rotational policy.

The Indian rupee plunged to a new life-time low of 70.85 against the dollar (intra-day) on Thursday

Meanwhile, the BSE Sensex climbed 181.75 points, or 0.46 per cent, to quote a fresh life-time high of 38,875.86 in opening trade. The NSE Nifty too scale a new peak of 11,751.20 by surging 59.25 points.

Index heavyweight Reliance Industries (RIL) became the first Indian company to cross the Rs 8 lakh crore market capitalisation mark. RIL shares rose 1.86 per cent to hit a record high of Rs 1,269.70.

The shares of Jet Airways opened on a weak note at Rs 297.80, then fell to a low of Rs 289.95, down 3.73 per cent over its previous closing price.

The shares of Larsen & Toubro opened on a bullish note at Rs 1,300 then surged further and touched a high of Rs 1,319.65, up 6.39 per cent, over its previous closing price.

Former RBI Governor Raghuram Rajan Rajan was invited after former Chief Economic Advisor (CEA) Arvind Subramanian praised him before the Parliament's Committee on Estimates, headed by veteran BJP leader Murali Manohar Joshi, for identifying the NPA crisis...

The two countries plan to launch a new round of tit-for-tat tariffs on $16 billion worth of goods from each country on August 23.

Subhash Chandra Garg, secretary at the department of economic affairs, said the rupee was still performing better than some other currencies, and that the country had sufficient foreign exchange reserves.

The first phase of construction on the 525,000-square feet facility will be able to accommodate 1,000 employees, the country's second-biggest software services exporter said.

The resignation comes after the bank said in June it was seeking shareholders' nod for re-appointing Paresh Sukthankar as deputy MD.

Under Section 197, any NRI selling shares can give reasons to Indian authorities as to why they should be taxed at a lower or nil rate in India.

"Three notices u/s 10(1) of the Black Money (Undisclosed Fporeign Income and Assets) and Imposition of Tax Act, 2015, issued against Nirav Modi," the Revenue Department said in an action taken report to the Standing Committee on Finance.