Business

DAINIK NATION BUREAU The rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday, as concerns about Turkey’s economic woes persisted. The rupee was last at 69.99 to the dollar, compared with its previous close of 69.95 per dollar. The 10-year benchmark bond yield inched up to 7.82 percent after staying muted in early trade.

DAINIK NATION BUREAU A bill to amend the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers to be treated as financial creditors and seeking to set up a special dispensation for small sector enterprises, was passed by Parliament today. The bill, which was passed in Lok Sabha on July 31, was approved in the Rajya Sabha today by voice ...

DAINIK NATION BUREAU Haryana is now among the top five states of the country in exports, replacing Uttar Pradesh by registering exports of $2,401 million in the first two months of the current financial year. Gujarat tops the list with exports of $13,780 million followed by Maharashtra ($12,622 million), Tamil Nadu ($4,858 million) and Karnataka ($2,566 million). Major exports from ...

On the fourth day of this business week, the stock market has reached an all time high. On Thursday, crude oil prices and an increase in banking shares boosted the market. Thanks to this, the Sensex that opened the day breaching the 38000 point mark closed above it. Thursday’s rise in banking stocks has strengthened the market. Thanks to these, ...

DAINIK NATION BUREAU Chennai-born Indra Nooyi not only broke the glass ceiling in corporate America when she was named CEO of global beverage giant PepsiCo in 2006 but, through her journey, inspired millions of young Indians who dreamed of and aspired to emulate the success the India-born woman achieved in America. PepsiCo today announced that Nooyi will step down on ...

DAINIK NATION BUREAU HDFC Asset Management Company made a blockbuster debut at the bourses on Monday, with its shares surging 65%, against the issue price of Rs 1,100 per share. The stock zoomed 65% to end at Rs 1,815.15 on the BSE. Earlier in the day, the stock debuted at Rs 1,739, rising sharply by 58% from the issue price. ...

Today will be the 29th meeting of GST Council headed by Union Finance Minister Piyush Goyal. There may be many big decisions in the interest of small businessmen in this meeting. Apart from this, decision on cashback on digital payments is also possible. At the same time, it is possible to discuss the issue of bringing petrol and diesel into ...

DAINIK NATION BUREAU The woes of home loan borrowers will continue as the Reserve Bank of India (RBI) hiked the repo rate yet again in its bi-monthly monetary policy review. On Wednesday, the central bank announced a 25 basis points (bps) hike in the repo rate. With the latest hike, the repo rate now stands at 6.50 per cent. One ...

The country’s largest car maker Maruti Suzuki India today reported a marginal decline in sales at 1,64,369 units in July. The company had sold 1,65,346 units in July last year, Maruti Suzuki India (MSI) said in a statement. Domestic sales were up marginally at 1,54,150 units last month as against 1,54,001 units in the year ago month, it added. Sales ...

Union Minister of State (I/C) for Micro, Small and Medium Enterprises (MSME)Giriraj Singh launched Western and Ethnic Designer Wear collections at Khadi Bhawan at Connaught Place here today.During the launch the Minister said that Khadi has come a long way after Prime Minister’s call to make Khadi the signature fabric of India and a means for the economic transformation of ...