Business

Benchmark indices spiralled lower on Tuesday, dragged by widespread selling in bank, energy and IT stocks, as investors booked profit at higher levels amid lacklustre macro and global cues. The 30-share BSE Sensex, after a positive opening, lost momentum throughout the session. It finally closed 247.55 points or 0.61 per cent lower at 40,239.88. On similar lines, the 50-scrip NSE ...

Nepal SBI Bank, a subsidiary of State Bank of India, has posted a Rs 229.25 crore net profit for 2018-19, registering a growth of 13.29 per cent. The bank mobilised total deposit of Rs 9,792.45 crore and extended loans and advances of Rs 8,864.47 crore at the closing of the year, according to a statement issued by the bank ahead ...

GST collections crossed the Rs 1 lakh crore mark after a gap of three months in November, growing by 6 per cent to Rs 1.03 lakh crore aided by festival demand. The GST collection stood at Rs 97,637 crore in the same month last year while revenue collection under this head was Rs 95,380 crore in October. After two months ...

Market benchmark BSE Sensex dropped over 100 points in early trade on Friday tracking losses in in index-heavyweights RIL and ICICI Bank ahead of quarterly GDP growth data release. Retreating from its lifetime peak scaled in the previous session, the 30-share index was trading 158.97 points, or 0.39 per cent, lower at 40,971.20 in morning session. Similarly, the broader NSE ...

Finance Minister Nirmala Sitharaman on Wednesday launched a spirited defence of her handling of the economy, comparing macroeconomic indicators with past Congress rules and said the growth may have slowed down but the economy will never slip into recession. Replying to a short-duration discussion on the state of the economy in the Rajya Sabha, she said steps taken by the ...

Union Minister of Commerce and Industry & Railways, Piyush Goyal will inaugurate the Global Exhibition on Services (GES) 2019 this evening in Bengaluru, Karnataka. Chief Minister of Karnataka, B. S. Yediyurappa, will be present during the inaugural function. This is the 5th edition of GES and is an attempt towards escalating the Indian services bar in the global arena by ...

Equity benchmark Sensex surged nearly 530 points to scale a new closing peak of 40,889.23 on Monday, buoyed by renewed optimism over US-China trade deal and government’s divestment measures to curb fiscal deficit. Further, reconstruction of Sensex indices and hopes of rate cut by the Reserve Bank in the upcoming monetary policy meet also boosted investor sentiment. Starting on a ...

Public sector banks disbursed a record Rs 2.52 lakh crore of loans during the festive month of October, the Finance Ministry said on Thursday. An amount of Rs 1.05 lakh crore was fresh lending, the Department Financial Services said in a statement. An amount of Rs 46,800 crore was given as working capital loan, it said. The government in September ...

Equity benchmark BSE Sensex opened over 260 points higher on Wednesday, propelled by a rally in index-heavyweight Reliance Industries which scaled a fresh intra-day peak in opening session. After hitting a high of 40,736.14 in early trade, the 30-share index pared some gains to quote 177.67 points, or 0.44 per cent, higher at 40,647.37. Similarly, the broader Nifty too reclaimed ...

E-commerce giant Amazon is doing “extremely well” in India, its founder and CEO Jeff Bezos has said while expressing hope for regulatory stability in the country. Bezos’ remarks came in response to a question on Amazon’s concerns over some Indian policies with regard to digitization. “Regulatory stability is the thing that we would always hope for India. Whatever the regulations ...