Business

US President Donald Trump has said that China is doing very poorly as a result of the trade war and the “longer it goes on, the stronger we get”. Asserting that the United States is “having a very good discussion” on a trade deal with China, Trump told reporters at the Morristown airport in New Jersey that he will speak ...

Domestic equity benchmark BSE Sensex dropped over 200 points in early trade on Tuesday, dragged by losses in index heavyweights HDFC twins, Infosys and ITC, amid weak global cues. Shares of Reliance Industries (RIL), however, capped the losses on the index by rallying over 8 per cent. The 30-share index was trading 240.75 points or 0.64 per cent down at ...

xRichest Indian Mukesh Ambani on Monday announced plans to sell stakes in his flagship Reliance Industries’ oil and chemical business to Saudi oil giant Aramco and in fuel retail network to BP plc of UK for a combined Rs 1.15 lakh crore as he looked to make his company a zero-net debt firm in 18 months. Parallelly, the oil-to-telecom conglomerate ...

A day after touching an all-time-high level, gold prices on Friday slipped Rs 140 but traded above the Rs 38,000-mark at Rs 38,330 per 10 gram, on easing in demand from jewellers despite the precious metal gaining overseas and sustaining above the psychological level of USD 1,500 an ounce. Silver also declined Rs 290 to Rs 44,010 per kg in ...

The rupee on Monday crashed by 113 paise — the biggest single-day drop in past six years — to close at a five-month low of 70.73 due to heavy capital outflows by investors anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue. This was the third straight session of fall for the rupee, ...

The benchmark Sensex on Tuesday fell over 289.13 points to close at 37,397.24 due to heavy selling mainly in banking, auto and oil & gas stocks as tepid corporate earnings and auto sector woes weighed on investors’ sentiment. Besides, sustained foreign fund outflows continued to spook domestic equity market. The 50-share NSE Nifty too dropped 103.80 points to settle at ...

The Lok Sabha today passed The Code on Wages Bill, 2019. While opening the discussion for consideration and passing of the Bill,  Minister of State (I/C) for Labour and Employment Shri Santosh Kumar Gangwar said that it is a historic Bill which aims to transform the old and obsolete labour laws into more accountable and transparent ones which is need ...

The 36th GST Council Meeting was held here today Via Video Conference under the chairmanship of Union Finance & Corporate Affairs Minister Nirmala Sitharaman. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Anurag Thakur besides Revenue Secretary Ajay Bhushan Pandey and other senior officials of the Ministry of Finance. The Council has recommended ...

Under the Central Sector Scheme Silk Samagra an Integrated Scheme for Development of Silk Industry (ISDSI) implemented by Government of India through Central Silk Board (CSB) with a total outlay of Rs. 2161.68 crore for three years (2017-18 to 2019-20) for the overall development of silk industry in the Country with an objective to scale up production by improving the ...

A committee constituted by the RBI has recommended increase in the collateral free lending limit to Rs 20 lakh for MSMEs and self-help groups, Parliament was informed on Thursday. The committee has also recommended revision of loan limit sanctioned under MUDRA (Micro Units Development and Refinance Agency) to Rs 20 lakh from Rs 10 lakh, Nitin Gadkari, Union Minister for ...