Business
Rupee Slumps 16 Paise Against Dollar
The dollar firmed up against some global currencies on US interest rate hike hopes in 2016 after the Federal Reserve Vice Chairman Stanley Fischer said country's economy was picking up, which weighed on the rupee, forex dealers said.
Urjit Patel Appointed New RBI Governor, To Take Over From Rajan
Urijit acquired his BA from the London School of Economics and M. Phil from Oxford University in 1986.
IOC to Ferry Fuel to Tripura via Bangladesh
Indian Oil Corporation (IOC) will be transporting fuel to Tripura from Meghalaya through Bangladesh.
Rupee Slips 10 Paise Vs USD in Early Trade
Rupee was trading lower by 10 paise at 66.86 against the US dollar in early trade at the Interbank Foreign Exchange on Thursday.
Commerce Min Eases Rules for EoUs, Software, Hardware Parks
The Commerce Ministry has relaxed norms like doing away with mandatory warehousing requirement for export-oriented units (EoUs) and software and electronic hardware technology parks.
The GST Impact: What Gets Cheaper, What Gets Steeper
Despite the continued wrangling and the adoption of diametrically opposite views by different political camps, all eyes are now on the boons and banes of the long-stalled Goods and Services Tax (GST) Constitutional Amendment bill
Flipkart Laying Off At Least 700 Employees To Cut Costs
The number of employees who may be handed pink slips could run as high as 1,000, they said. This is expected to impact one to two per cent of the employee base, as the company wants to be a "lean organisation".
Rupee Regains 10 Paise to 67.10 vs US Dollar
The home currency opened lower at 67.23 a dollar as compared to overnight closing level of 67.20 at the Interbank Foreign Exchange (Forex) market here on bouts of dollar demand from importers and banks.
Income Tax Department Raids Indiabulls Offices Across India
Officials said the searches covered multiple premises of the firm in Mumbai and Delhi after the department received "actionable evidence" to mount the action.
Britain to Start Trade Talks with India Post Brexit
His visit to India comes after Chancellor of the Exchequer George Osborne met a Chinese government delegation in London on Thursday to foster "stronger trade ties" with the world's second largest economy.
Rupee Snaps 4-Day Winning Run, Falls 18 Paise to 67.45
The domestic unit hovered in a range of 67.32 and 67.5150 during the day.
Jaitley Sees Personal Assets Decline by Rs 2.83 Crore in FY16
His bank balance with four bank accounts declined to Rs 1 crore from Rs 3.52 crore at the end of March 31, 2015. Deposits in other companies, including Enpro Oils Ltd and DCM Shriram Consolidated Ltd were unchanged at Rs 17 crore.
Sensex Surges 259 Points, Nifty at 8,287
TCS, Tata Motors, ICICI Bank, Axis Bank and HDFC Bank were top five contributors to Sensex's gains.
Nifty Ends Above 8200, Sensex Gains 216 Points
About 1833 shares have advanced, 773 shares declined, and 183 shares are unchanged.
India's Firewalls Strong, Will Withstand Brexit Jitters: FM Jaitley
"As regards the Indian economy, we are well prepared to deal with short and medium term consequences of Brexit," Jaitley said in a statement.
Don't Write me Off, I'll be Around: Rajan on His 'Obituaries'
During the question-and-answer session, he further said, "The only thing I will say is that... I read these obituaries in the papers, I am still alive. I will leave this office in September, but I certainly will be coming in and out of the country on nume...
