Business
Sensex Back in Green, Rises 51 Points Ahead of GDP Data
The 30-share index was trading higher by 50.53 points, or 0.18 per cent, to 28,863.41 with the sectoral indices led by consumer durables, capital goods, healthcare, metal, auto and banking trading higher by up to 0.58 per cent.
Rupee Hits 3-Month High, up 11 Paise to 66.71
The rupee strengthened further to end at a fresh 3-1/2 month high of 66.71, appreciating by 11 paise on the back of sustained selling of the American dollar by exporters and banks.
Rupee Gains 17 Paise in Early Trade
Continuing its uptrend, the rupee firmed up by another 17 paise to 66.65 against the US dollar in early trade on Monday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.
WTO's Trade Facilitation Agreement Comes into Effect
The WTO's trade facilitation agreement, which seeks to ease customs norms, has come into effect from Wednesday with its two-thirds members ratifying the pact.
Using RBI Funds to Recapitalise Banks Not a Good Idea: Viral Acharya
RBI deputy governor Viral V Acharya on Wednesday suggested that using a part of the Reserve Bank reserves for recapitalising state-run banks may not be a good idea.
Rupee Firms up For 2nd Session, up 9 Paise to 66.92
The domestic unit hovered in the range of 67.07-66.90 per dollar during the day.
Full Text: Mukesh Ambani Announces Jio Now Has 100 mn Customers
A significant portion of this data is consumed as video… and Jio carries nearly 5.5 Crore hours of video daily on its network. This makes Jio one of the largest mobile video networks globally.
Air India Puts 2 Dreamliners on Sale to Raise USD 250 Million
The airline would also lease back these two Boeing 787-800s under an operating lease for a period of up to 12 years with a three-year extension option, the airline said in its Invitation of Offers document.
BharatQR Code Launched to Push Less-cash Economy
BharatQR code, the world's first interoperable payment acceptance solution, was launched on Monday as part of efforts to move towards less-cash economy at an "insignificant cost", according to industry members.
For 1st Time, Chinese Smartphone Companies Push Indian Firms Out of Top 5
For the first time, no Indian manufacturer is in the top 5 firms in the smartphone market. The list is dominated by Samsung and Chinese companies, which have crowded out the likes of Micromax, Intex and Lava.
Verizon Close to Yahoo Deal, Price Cut of $250-350 million: Source
Verizon Communications Inc is close to a revised deal to buy Yahoo Inc's core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter.
Note Ban Pulls Prices Down; January Retail Inflation at 3.17%
Impacted by note ban, retail inflation fell to multi-year low of 3.17 percent in January mainly on account of declining prices of food items including vegetables and pulses.
Have Warm Relationship With Murthy: Infosys CEO Vishal Sikka
"It takes away our attention but underneath that, there is a very strong fabric that this company is based on. And it is a real privilege for me to be its leader," he added.
Disappointing Q3, Profit Booking Drag Equities Indices Lower
Equities markets ended on a flat-to-positive note on Friday as disappointing quarterly results, caution ahead of the release of a key macro-economic data point and profit booking capped gains.
Sensex Climbs 126 Points, Nifty Breaches 8,800-mark
BSE benchmark Sensex surged over 126 points and NSE Nifty reclaimed the 8,800-level in early trade on Friday as domestic investors and foreign funds indulged in sustained buying ahead of key industrial output numbers to be released later in the day.
Sensex Edges up in See-saw Trade Ahead of Macro Data
Stocks drove into consolidation mode on Thursday in the absence of fresh triggers as the Sensex remained marginally up to close at 29,330 ahead of release of key macro data on Friday.