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  Gold Price Today: Gold falls Rs 357, silver declines Rs 532

  November 18, 2020 16:09 IST

  Gold prices fell Rs 357 to Rs 50,253 per 10 gram in the national capital on Wednesday on rupee appreciation and muted demand by investors, according to HDFC Securities. 

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  Sensex jumps 227 points to end above 44,000-mark for 1st time; Nifty tops 12,900

  November 18, 2020 16:04 IST

  Equity benchmark Sensex surged 227 points on Wednesday to finish above the 44,000-mark for the first time on Wednesday, tracking gains in financial stocks amid largely positive cues from Asian markets and persistent foreign fund inflows. 

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  Franklin Templeton MF's six shut schemes garner Rs 941 crore in fortnight

  November 18, 2020 14:43 IST

  The six schemes received Rs 941 crore from maturities, pre-payments and coupon payments during the period October 30 to November 13, 2020, the fund house said in a statement.

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  After Lakshmi Vilas Bank, RBI imposes withdrawal limit on THIS bank

  November 18, 2020 11:02 IST

  The RBI, in a release, said it has issued certain directions to Mantha Urban Cooperative Bank, Mantha District Jalna, Maharashtra, from the close of business on November 17, 2020.

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  Sensex crosses 44,000 mark in opening trade; Nifty tests 12,900

  November 18, 2020 10:14 IST

  After touching its lifetime intra-day high of 44,051.66, the 30-share BSE index was trading 55.15 points or 0.13 per cent higher at 44,007.86.

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  Lakshmi Vilas Bank shareholders not to get anything, key managerial personnel may lose job

  November 18, 2020 8:36 IST

  As per the draft amalgamation scheme, the RBI has said on and from the appointed date, the entire amount of the paid-up share capital and reserves and surplus, including the balances in the share/securities premium account of the transferor bank (LVB), shall stand written off.

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  Jio wants periodic spectrum auctions, SpaceX pushes for satellite use to promote broadband

  November 17, 2020 21:40 IST

  Reliance Jio has urged telecom regulator Trai to work out a mandatory schedule for periodic spectrum auctions to ensure that telecom operators do not have to wait long for radiowaves to meet their network requirements.

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  Under moratorium, RBI proposes to merge Lakshmi Vilas Bank with DBS Bank

  November 17, 2020 20:48 IST

  The Reserve Bank of India (RBI) on Tuesday proposed a draft scheme to Lakshmi Vilas Bank with DBS Bank India Ltd, a wholly-owned subsidiary of DBS Bank Ltd (DBIL), Singapore. The decision came soon after it had imposed a one-month moratorium on the private lender and capped deposit withdrawals at Rs. 25,000.

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  RBI restricts withdrawals at Rs 25,000 from Lakshmi Vilas Bank till Dec 16

  November 25, 2020 15:54 IST

  The Reserve Bank of India (RBI) has capped withdrawal limit at Rs 25,000 from Lakshmi Vilas Bank till December 16 due to its detoriating financial condition and safeguard the interest of its customers till a resolution is reached.

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  Sensex rallies over 300 points to hit fresh peak

  November 17, 2020 16:17 IST

  Equity benchmark Sensex surged 315 points to close at a fresh lifetime high on Tuesday, driven by heavy buying in metal, industrials, banking and finance stocks. 

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  Gold Price Today: Gold rises marginally, silver gains Rs 451

  November 17, 2020 16:03 IST

  Gold prices rose marginally by Rs 3 to Rs 50,114 per 10 gram in the national capital on Tuesday amid choppy trade and rupee depreciation, according to HDFC Securities.

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  CAIT opposes proposal to impose lockdown in market areas in national capital

  November 17, 2020 14:34 IST

  Traders' body CAIT on Tuesday said a proposal to impose lockdown in market areas in the national capital may prove to be "counterproductive" as lakhs of livelihoods are at stake and urged the Centre to consult traders before taking any such decision.

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  COVID-19 impact: Airbnb loses millions in revenue, says business will continue to be affected

  November 17, 2020 10:09 IST

  Airbnb generated $1 billion of net cash provided by operating activities and incurred $507 million of purchases of property and equipment cumulatively from January 1, 2011 through December 31, 2019.

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  Markets at record high: Sensex crosses 44,000-mark, Nifty over 12,000

  November 17, 2020 10:08 IST

  The key Indian equity indices hit fresh record highs on Tuesday morning in line with global market after US pharma major Moderna announced that its Covid-19 vaccine has recorded 94.5 per cent effectiveness.

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  Flipkart acquires AR firm Scapic to boost user experience

  November 17, 2020 9:46 IST

  ​In a bid to offer more immersive experiences to its consumers, Flipkart Group on Tuesday announced the acquisition of Bengaluru-based Augmented Reality (AR) company Scapic for an undisclosed sum.  

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  Business assets of Honor acquired by over 30 agents, dealers

  November 17, 2020 8:30 IST

  ​Over 30 agents and dealers of Huawei's Honor brand have acquired all business assets of the budget cellphone brand, according to a joint statement released on Tuesday.

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  Khadi India store at Delhi's Connaught Place crosses Rs 1 cr daily sales mark four times since Oct 2

  November 16, 2020 19:53 IST

  The flagship Khadi India outlet here has crossed single-day sales figure of Rs 1 crore four times since October 2 this year, the government said on Monday.

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  Diesel sales fall 5 percent in November after reaching pre-COVID levels in October

  November 16, 2020 15:50 IST

  India's diesel sales fell 5 per cent in the first half of November when compared with the previous year, industry data showed on Monday, after rising for the first time in eight months in October.

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  WPI inflation at 8-month high of 1.48% in Oct on costlier manufactured items

  November 16, 2020 13:14 IST

  The WPI inflation was 1.32 per cent in September and zero per cent in October last year. This is the highest level of Wholesale price index-based (WPI) inflation since February when it was 2.26 per cent.

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  Axis Bank revises fixed deposit rates. Check latest FD interest rates here

  November 16, 2020 11:27 IST

  As of November 13, Axis Bank is offering an interest rate of 2.50% on FDs to its customers with maturity between 7 days and 29 days, 3% for FDs maturing between 30 days and less than 3 months, 3.5% for FDs between 3 months and less than 6 months.

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  Order Aadhaar PVC card online for Rs 50. Here's how

  November 15, 2020 20:35 IST

  Aadhaar PVC Card: Other than being easy to carry and durable, the PVC-based Aadhaar Card has a digitally signed secure QR code with photograph and demographic details with multiple security features.

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  Facility for obtaining customer's consent electronically extended till Mar 2021 for life insurers

  November 15, 2020 15:45 IST

  Regulator IRDAI has extended the facility for life insurers to obtain the consent of prospective policy holders electronically by three months till March 31, 2021.

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  Reliance Retail Ventures acquires 96% holding in Urban Ladder for Rs 182 cr

  November 15, 2020 12:54 IST

  The investment represents 96 per cent holding in the equity share capital of UrbanLadder. RRVL has a further option of acquiring the balance stake, taking its shareholding to 100 per cent of the equity share capital of UrbanLadder.

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  We are close to 63% visa-independent in US; over 50% in Europe, Australia-New Zealand: Infosys

  November 15, 2020 12:08 IST

  Infosys, which counts the US as its biggest market, said it is still early to comment on the approach the new US administration could take towards work visas but it expects to continue benefiting from its ongoing localisation efforts.

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  Indian economy may be recovering faster than anticipated: Oxford Economics

  November 15, 2020 11:48 IST

  The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics. 

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  Indian drug firms recall various products in US market

  November 15, 2020 11:02 IST

  ​Indian drug firms like Marksans Pharma, Aurobindo Pharma, Zydus  and Jubilant are recalling products in the US market, as per the latest enforcement report by the US Food and Drug Administration (USFDA).

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  Gold imports dip 47% in April-October to USD 9.28 billion

  November 15, 2020 10:55 IST

  ​Gold imports, which have a bearing on the current account deficit, declined 47.42 per cent to USD 9.28 billion during April-October due to fall in demand in the wake of the COVID-19 pandemic, according to data from the Commerce Ministry.  

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  Muhurat trading: Sensex, Nifty jump to lifetime highs

  November 14, 2020 18:45 IST

  Market benchmark BSE Sensex rallied 381 points to a fresh lifetime high in the opening trade of the special Muhurat session on Saturday to mark the beginning of Hindu Samvat year 2077.