Business

Equity benchmark BSE Sensex jumped over 150 points in opening session on the first day of 2020, tracking buying in index heavyweights Reliance Industries, HDFC twins, ICICI Bank, L&T and Axis Bank. After rising 164 points in early trade on Wednesday, the 30-share BSE index was quoting 131.47 points or 0.32 per cent higher at 41,385.21. Similarly, the broader NSE ...

The economic slowdown may have clipped sales of cars and biscuits in 2019, but smartphones bucked the trend as urban and rural users continued to buy, and even upgrade to, expensive handsets – a trend likely to pick up pace in the coming year. The growth in smartphone adoption was further fuelled by the government’s push to position the country ...

Benchmark indices nursed losses for the third straight session on Thursday, led by selling in market heavyweights Reliance Industries and HDFC Bank amid expiry of December derivatives contracts. After tumbling 328.37 points during the day, the 30-share BSE Sensex ended 297.50 points, or 0.72 per cent, lower at 41,163.76. It hit an intra-day low of 41,132.89. Similarly, the broader NSE ...

Gold prices on Tuesday jumped Rs 191 to Rs 39,239 per 10 gram in the national capital following rally in global prices, according to HDFC Securities. Silver also zoomed Rs 943 to Rs 47,146 per kg compared to the previous close of Rs 46,203 per kg. Gold had on Monday closed at Rs 39,048 per 10 gram. “Spot gold for ...

As bad loan recognition process nears completion, gross non-performing loans of banks improved to 9.1 per cent as of end-September 2019, compared to 11.2 per cent in FY18, says an RBI report. Net non-performing assets (NPAs) of all commercial banks reduced to 3.7 per cent in FY19 as against 6 per cent in FY18. “The gross NPA ratio of all ...

Prime Minister Narendra Modi said that the goal of achieving the 5 Trillion Dollar Economy is achievable. He was participating at the inaugural session of the Hundred Years of ASSOCHAM in New Delhi today. Addressing a gathering of leaders from the Corporate World, Diplomats and others, the Prime Minister said that the idea of making India a 5 Trillion Dollar ...

Indian IT major Infosys has agreed to pay USD 800,000 (nearly Rs 5.6 crore) to settle allegations of misclassification of foreign workers and tax fraud, officials said on Tuesday. Infosys will pay California USD 800,000 to resolve allegations that, between 2006 and 2017, approximately 500 Infosys employees were working in the state on Infosys-sponsored B-1 visas rather than H-1B visas, ...

Finance Minister Nirmala Sitharaman on Friday promised more stimulus measures for sectors of the economy in distress as she counted on steps taken till now to boost growth by driving up consumption. She also said the Centre is aware of the pending GST compensation to states and will honour its commitment. Addressing a press conference on the state of the ...

Another bad news is coming on the economic front. Inflation has increased in November due to increase in food prices. Retail inflation has increased from 4.62% to 5.54%. Earlier, retail inflation was 4.62 percent in October. The retail inflation rate was 3.99 percent in September. It is clear that in November the retail inflation rate is at the highest level ...

Gold on Thursday rose Rs 71 to Rs 38,564 per 10 gram in the national capital reflecting overnight gains in international prices amid strengthening rupee, according to HDFC Securities. The yellow metal had closed at Rs 38,493 per 10 gram on Wednesday. “Spot gold prices for 24 karat in Delhi were trading up by Rs 71, reflecting overnight gains in ...