Business
Sensex Slides Further by 149 Points, Banking a Drag
Continuing to move south, the BSE Sensex fell over 149 points and the NSE Nifty broke below the 8,800-mark in early trade on Monday amid weak global cues.
Rupee Up 4 Paise Against Dollar in Early Trade
The rupee had recovered by 5 paise to close at 66.97 in Friday's trade on improvement in trade deficit data and easing fears of a rate hike by the US Federal Reserve.
Rupee Gains 7 Paise Against US Dollar
Forex dealers said that besides selling of the American currency by exporters and banks, weakness in the dollar against some currencies overseas supported the rupee.
Indefinite Parking of Money in Schemes Impedes Growth: Jaitley
Jaitley said serving the pensioners with the web portal is an extremely important initiative.
Modi Invites More Saudi Investment in India's Infrastructure
Modi also said that he looked forward to an early visit from Saudi King Salman to India.
Sensex Hits Fresh 16-Month High, Auto Stocks Drive Rally
The rupee strengthening by 10 paise to 66.85 (intra-day) against the dollar during the day also positively impacted trading sentiment.
Sensex, Nifty Open Higher; Tata Motors & ITC up, Infosys Down
About 237 shares have advanced, 93 shares declined, and 19 shares are unchanged.
Reliance Jio to Offer World's 'Lowest' Data Tariffs Starting at Rs 19
The report said Bharti Airtel's unlimited voice plans are available from Rs 949 to Rs 2,999 and it expects that the company would "revise the tariffs over the coming weeks".
Sensex Opens in Green on Renewed Buying; up 58 Points
The 30-share index was trading higher by 57.53 points or 0.20 per cent at 28,134.53 with oil&gas, banking, realty, power, FMCG, PSU and capital goods, trading in the green with gains up to 0.77 per cent.
Rajan Exhorts Banks to Lower Rates; Allays Outflow Fears
Rajan, who has decided to return to academia after his three-year tenure ends on September 4, said Tuesday's policy review was likely to be the last one to be Governor-led, as a the exercise would be conducted by new six-member panel going forward.
Had Fantastic Tenure; Results to be Visible in 5-6 Years: Raghuram Rajan
Rajan said: "People can have different judgements but we have to see...proof of the pudding is in the eating. Lets see how it plays out over 5-6 years, then we will reach a judgement whether this is good or bad."
Manufacturing Sector Growth Hits 4-Month High in July: Reports
Manufacturing sector in India continued with its uptrend and hit a four-month high in July.
Nifty Ends Below 8650, Sensex in Red
About 1185 shares have advanced, 1564 shares declined, and 148 shares are unchanged.
India Buys Four Spy Planes to Keep Eye on China
India has been building up its naval surveillance capabilities since China's navy expanded its reach and sent submarines.
Govt Should Resist Urge to Control Everything, Says Arun Jaitley
Jaitley also said India did not have the "intellectual honesty" to admit that the previous economic model was at least "partly fraud".
Market Ends in Red, Nifty Still Above 8500
About 1011 shares have advanced, 1734 shares declined, and 165 shares are unchanged.
