More From Business

RBI's MPC starts deliberation on policy rate, will announce monetary policy review on Dec 4

Brickwork Ratings(BWR) in a report said that given the continued contraction of the economy, MPC is likely to continue with its accommodative monetary policy stance to manage financial stability and support growth recovery.

Infosys, Rolls-Royce ink strategic partnership for aerospace engineering in India

Indian IT services firm Infosys and Rolls-Royce, an aerospace and defence technology major, on Wednesday announced signing a strategic partnership for sourcing engineering and R&D Services for the latter''s Civil Aerospace business. As part of the overall partnership, Rolls-Royce will "transition a significant part of its engineering centre capabilities for civil aerospace in Bengaluru to Infosys", a statement said.

Lucknow Municipal Corp bonds listed on BSE as CM Yogi rings the bell

Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday attended the listing ceremony of the Lucknow Municipal Corporation (LMC) bond, the first such listing from the entire northern region, on the Bombay Stock Exchange (BSE) in Mumbai.

Conditions to improve for Indian corporates in 2021: Moody's

In its 2021 outlook for rated Indian non-financial corporates, Moody's cited earnings growth on the back of widespread demand revival across sectors as the reason for giving a 'stable outlook' for Indian corporates in 2021.

Swedish furniture giant IKEA to open its biggest outlet in Noida

Swedish firm IKEA, which is one of the world's largest companies that make furniture and home applications, will be opening about a dozen stores across Uttar Pradesh. Hoping to generate employment opportunities to at least 50,000 people in the state, the company is set to open country’s largest outlet in Noida within a few weeks.

Sensex drops by 60 points in early trade on profit booking; Nifty slips below 13,100

Among gainers, Tata Steel rose the most by 1.49 per cent, Titan by 1.41 per cent and Asian Paints by 1.29 per cent. Auto, FMCG and Infra stocks were trading in the positive territory with L&T rising by 1.23 per cent.

Burger King India IPO opens today: Price band, subscription - all you need to know

Burger King India had undertaken a pre-IPO placement, by way of rights issue of Rs 58.08 crore at a price of Rs 44 per share to promoter and preferential allotment of Rs 91.92 crore at a price of Rs 58.50 per share.

Luxor Group diversifies into Home and Hygiene products

India’s biggest writing instrument major Luxor Group on Tuesday announced its foray into the personal and home hygiene segment with a host of nanotechnology-based products under the Luxor Nano range. 

This multi-national company to experiment 4-day work week for employees with no pay cuts

A multi-national company in New Zealand is going to start 4-day work week for employees with no pay cuts. The trial will be a year long experience, said Unilever New Zealand, adding all 81 employees will be eligible to participate beginning this month. The company may also consider it adopting globally.

Flipkart narrows loss to Rs 3,150.6 crore in FY20

Tata Group-Coffee Day beverage vending machine business deal hits hurdle: What we know

The Tata group is facing a roadblock to buy a Cafe Coffee Day unit, one of India's most popular coffee chains, beverage vending machine business after two big lenders to the Coffee Day Group has objected to the deal.

SpiceJet to commence 20 new domestic flights

Airline major SpiceJet plans to launch 20 new flights on its domestic network in a phased manner from December 5, the company said on Tuesday. 

Sensex surges 506 points to new closing high; Nifty tops 13,100

Equity benchmark Sensex rallied 506 points to close at a fresh lifetime high on Tuesday, backed by gains in IT and finance stocks amid persistent foreign capital inflows.  

Shapoorji Pallonji's platform Joyville to invest Rs 700 crore on new housing project in Pune

​Business conglomerate Shapoorji Pallonji's mid-income housing platform Joyville on Tuesday announced development of a new housing project in Pune, comprising over 1,100 flats, as part of its strategy to expand presence in major property markets.    

GST revenue tops Rs 1 lakh cr-mark second time since April, November collection at Rs 1.04 lakh cr

Revenue from Goods and Services Tax in November is the second straight month in the current fiscal when GST revenue has topped Rs 1 lakh crore.

India's manufacturing PMI slips to 3-month low in November

The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.9 in October to a three-month low of 56.3 in November, indicating that the manufacturing sector growth remained strong, despite losing traction.

Sensex rises over 120 points in early trade; Nifty tops 13,000

In the previous session, Sensex ended 110.02 points or 0.25 per cent lower at 44,149.72, and NSE Nifty slipped 18.05 points or 0.14 per cent to 12,968.95.

Commercial LPG price hiked by Rs 54 per cylinder in Delhi

There has been no change in the price of a domestic non-subsidised LPG cylinder of 14.2 kg. According to the website of Indian Oil, a domestic cooking gas in Delhi costs Rs 594

PNB's new rules for ATM cash withdrawals applicable from today. Check details

According to the changed rule, cash withdrawals from Punjab National Bank ATMs will now not be possible without an OTP.

RTGS money transfer: Check important changes from December 1

​The Real Time Gross Settlement System (RTGS) will be made available round-the-clock from December 1. The decision for large value transactions was made by the Reserve Bank of India (RBI) recently.

Amazon India offers 'special recognition bonus' to employees. Check bonus amount, and other details

​Amazon India on Monday said it will offer a "special recognition bonus" to its employees in the country. The decision comes in line with similar payouts being made to staff in other countries.

Gold Price Today: Gold declines Rs 142, silver falls Rs 701

Gold prices fell Rs 142 to Rs 47,483 per 10 gram in the national capital on Monday on a weak global trend, according to HDFC Securities. 

Petrol price crosses Rs 90/litre mark in Bhopal

Petrol prices in Madhya Pradesh's Bhopal crossed Rs 90 per litre mark on Monday. 

Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBS

DBS Bank India on Monday said customers of Lakshmi Vilas Bank, which has now been merged with it, can continue to access all banking services, and interest rates on savings and fixed deposits are unchanged as of now. Lakshmi Vilas Bank (LVB) has now been amalgamated with DBS Bank India Ltd (DBIL), the wholly-owned subsidiary of DBS Group Holdings Ltd, DBS Bank India said in a statement.

Asian shares mixed despite fresh records on Wall Street

Asian shares were mixed on Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.

AirAsia India plans expansion; to induct 3 more A320 neos by June 2021

Budget carrier AirAsia India plans to add three more Airbus A320 neo planes by June next year as part of its fleet and network expansion.

RBI likely to maintain status quo for 3rd straight time on inflation concerns

The Reserve Bank is likely to keep the benchmark interest rates unchanged in its next monetary policy review in view of heightened retail inflation which has persistently remained above its comfort level, feel experts. 

Aadhaar Alert! Check UIDAI's warning against fraud or else you may be duped of money

The UIDAI recently tweeted that Aadhaar operators are appointed by the registrars, and not by UIDAI. Therefore, citizens are requested to not to fall into the trap of fraudsters.