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  Sensex, Nifty post slim gains; close lower for the week

  August 26, 2022 17:45 IST

  The BSE Sensex opened firm and soared over 500 points to an intra-day high of 59,321.65, but succumbed to profit-booking towards the end of the session.

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  India-UK trade pact to help boost services exports: SEPC

  August 26, 2022 12:36 IST

  New Delhi: India-UK free trade agreement will help to boost the country's services exports, particularly from the legal, accounting, and auditing sectors, Services Export Promotion Council (SEPC)

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  Rupee falls 7 paise to close at 79.93 against US dollar

  August 25, 2022 17:43 IST

  Mumbai: At the interbank foreign exchange market, the domestic currency opened at 79.80 per dollar. It hovered in a range of 79.80 to 79.93 during the session. The domestic unit finally settled at 79.93, down 7 paise over its previous close of 79.86.

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  Sensex snaps two-day rising streak on fag-end sell-off; IT, finance stocks weigh

  August 25, 2022 17:30 IST

  The 30-share BSE Sensex suddenly came under selling pressure towards the fag-end, tumbling 310.71 points or 0.53 percent to settle at 58,774.72. Similarly, the broader NSE Nifty dropped 82.50 points or 0.47 percent to 17,522.45.

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  Companies, banks to raise up to Rs 3,200 crore via bonds today

  August 25, 2022 13:39 IST

  Business news: As per data, Canara Bank will raise Rs 2,000 crore, which includes Rs 1,000 crore via Basel-III Tier-II bonds, Kotak Mahindra prime Ltd will raise Rs 300 crore and Rs 175 crore via 35-month-25-day and 47-month-25-day, respectively.

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  Bharti Telecom to buy 3.33 per cent Airtel stake from Singtel for Rs 12,895 crore

  August 25, 2022 8:28 IST

  Bharti Group chairman Sunil Bharti Mittal's family and Singtel own Bharti Telecom (BTL).

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  RBI lifts restrictions on American Express; allows onboarding new domestic customers

  August 24, 2022 21:25 IST

  RBi had imposed curbs on American Express Banking Corp for being non-compliant with the directions on Storage of Payment System Data effective May 1, 2021.

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  Rupee slips 2 paise to close at 79.85 against US dollar

  August 24, 2022 17:41 IST

  At the interbank foreign exchange market, the domestic currency opened at 79.84 per dollar. It hovered in a range of 79.68 to 79.87 during the session.

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  Markets settle with modest gains in highly volatile trade; Sensex ends at 59,085, Nifty at 17,604

  August 24, 2022 16:29 IST

  Market news: The 30-share BSE Sensex climbed 54.13 points to settle at 59,085.43. Similarly, the broader NSE Nifty went up by 27.45 points or 0.16 percent to 17,604.95.

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  Vistara to start Mumbai-Abu Dhabi direct flights from Oct 1

  August 24, 2022 13:59 IST

  Full-service carrier Vistara will start daily non-stop flights between Mumbai and Abu Dhabi from October 1. The airline, a joint venture between Tata group and Singapore Airlines, will use the A320 neo aircraft for the services.

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  GDP growth projected to spike to four-quarter high 13.0 per cent in Q1 FY2023, says ICRA

  August 24, 2022 13:17 IST

  Business news: ICRA expects the sectoral growth in Q1 FY2023 to be driven by the services sector (+17-19 per cent; +5.5 per cent in Q4 FY2022), followed by the industry (+9-11 per cent; +1.3 per cent).

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  Escalation of geopolitical tensions biggest risk to India's growth outlook: Jayanth Varma

  August 24, 2022 16:18 IST

  Varma, in an interview to PTI, said that inflation and inflationary expectations appear to be moderating and high inflation will certainly not become the 'norm' in the country.

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  Markets fall after early gains tracking weak global equities

  August 24, 2022 16:22 IST

  Both the benchmark indices were trading lower, with the Sensex falling 146.56 points to 58,884.74 and the Nifty declining by 43.95 points to 17,533.55.

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  Rupee falls 4 paise to 79.87 against US dollar in early trade

  August 24, 2022 16:26 IST

  At the interbank foreign exchange, the rupee opened at 79.84 against the dollar, then fell to 79.87, registering a decline of 4 paise over the last close.

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  Sensex, Nifty snap two-day fall as bank, auto shares shine

  August 23, 2022 16:23 IST

  The 30-share BSE Sensex climbed 257.43 points or 0.44 percent to settle at 59,031.30. During the day, it hit a high of 59,199.11 and a low of 58,172.48. The broader NSE Nifty advanced 86.80 points or 0.50 percent to 17,577.50.

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  Rupee falls 4 paise to close at 79.88 against US dollar

  August 23, 2022 16:30 IST

  At the interbank foreign exchange market, the local currency opened at 79.85 and saw an intra-day high of 79.81 and a low of 79.90 against the American currency. It finally ended at 79.88, down 4 paise over its previous close.

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  What Air India CEO-MD Campbell Wilson said on increasing airline's fleet

  August 23, 2022 16:22 IST

  Air India new flights: When asked about plans of increasing Air India fleet, its CEO-MD Campbell Wilson said, "We will be commenting on those things in due course... Future of Air India is going to be very bright. It is very exciting, I'm happy to be here but I've no further comments..."

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  Ford confirms to layoff 3,000 staff in US, India: Report

  August 23, 2022 11:18 IST

  The job cuts at Ford are effective September 1, a spokesman said.

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  Rupee falls 4 paise to 79.88 against US dollar in early trade

  August 23, 2022 10:31 IST

  At the interbank foreign exchange, the rupee opened at 79.85 against the dollar, then fell to 79.88, registering a decline of 4 paise over the last close. On Monday, the rupee closed at 79.84 against the dollar.

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  RBI likely to slow down pace of rate hikes, may raise rates by 0.25 pc in Sept: Deutsche Bank

  August 22, 2022 21:30 IST

  RBI rate hike: In a report, the Germany-based bank said the RBI will respond with a slower pace of rate hikes from here, basing the expectation on the recently released minutes of the last meeting of the Monetary Policy Committee (MPC).

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  Sales of luxury homes in Jan-Jun across 7 cities surpass demand in full 2021

  August 22, 2022 17:42 IST

  Anarock data suggests that share of luxury homes in the overall housing sales of 1.84 lakh units across the seven cities rose to 14 per cent during the first six months of 2022.

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  Markets fall for 2nd day; Sensex, Nifty down over 1 pc

  August 22, 2022 16:22 IST

  From the Sensex pack, Tata Steel, Asian Paints, Larsen & Toubro, Wipro, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Tech Mahindra, Kotak Mahindra Bank and Axis Bank were the major laggards.

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  UPI to remain free, govt won't levy any charges for services: Finance Ministry

  August 21, 2022 21:36 IST

  UPI to remain free: In a tweet, the finance ministry said: "UPI is a digital public good with immense convenience for the public and productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services."

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  Anti-competitive practices: Apple, Google, Netflix, Amazon India execs to depose before Parl panel

  August 21, 2022 17:54 IST

  The CCI is already probing various cases, especially in the digital space, following complaints of unfair business practices.

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  Paytm shareholders approve re-appointment of Vijay Shekhar Sharma as MD & CEO

  August 21, 2022 17:33 IST

  According to the scrutinizer report, 99.67 per cent votes were in favour of Sharma's re-appointment while only 0.33 per cent voted against the resolution.

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  Xiaomi cuts over 900 jobs amid global downturn: Report

  August 20, 2022 22:19 IST

  As of June 30, 2022, the company had 32,869 full-time employees, 30,110 of whom were based in mainland China, primarily at its headquarters in Beijing, with the rest primarily based in India and Indonesia.

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  IRCTC plans to sell user data, seeks Rs 1,000 crore in revenue, floats tender

  August 19, 2022 17:03 IST

  IRCTC Data Monetisation Tender: IRCTC wishes to engage a consulting firm to help in identification, design, and development and roll-out of data monetisation opportunities, it said in the tender.

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  Rupee falls 20 paise to close at 79.84 against US dollar

  August 19, 2022 16:29 IST

  Rupee vs Dollar: At the interbank foreign exchange market, the local currency opened at 79.75 and moved in a range of 79.73 to 79.84 during the day. It finally ended at 79.84 against the American currency, down 20 paise over its previous close of 79.64.