Business

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 ...

State Bank of India (SBI) has increased interest rates on fixed deposits. New rates have been effective from July 30, 2018. SBI has amended the interest rates for every period, every amount for general and senior citizens. For fixed deposits of less than Rs 1 crore, interest rates have been increased by 5 to 10 basis points, whose tenure is ...

DAINIK NATION BUREAU Flipkart is in a legal soup after a private firm employee Amit Garg lodged a complaint against the online shopping marketplace and its partner PVC logistics for cheating. Apparently Amit Garg, a resident of Basavanagar HAL had placed an order for a 20-gram gold coin with Flipkart, instead, he received an empty box. A cheating case was ...

DAINIK NATION BUREAU Bharat Heavy Electricals Limited (BHEL) has reported a quantum jump in profitability and order booking in the first quarter of fiscal 2018-19. The company has registered a significant jump of 109% in its profit before tax at Rs.226 Crore, compared to Rs.108 Crore achieved in the corresponding quarter of the previous fiscal. Profit after tax has increased ...