Sensex over 350 points; Nifty above 10,800, Rupee up 70/$ for first time in 3 months
It’s a gap-up opening for the market on Thursday morning, with the Nifty hitting 10,800. The Sensex is up around 270 points. Among sectors, banks, autos, consumption, and metals traded in the green. The Nifty Midcap index is up over…
Airtel, Vodafone Idea get Trai call over minimum recharge plans
Telecom Regulatory Authority of India (Trai) on Tuesday pulled up Bharti Airtel Ltd and Vodafone Idea Ltd after their subscribers complained that the two companies have sent messages to their prepaid users asking them to mandatorily recharge their accounts to…
Amazon India beats Flipkart in gross sales, says Barclays
Amazon India surpassed Flipkart in gross sales by a wide margin in the year ended March 2018, says a report by investment bank Barclays. Five years after setting foot on Indian soil, US online retail giant Amazon has emerged as the…
RBI can transfer Rs 1 trillion of excess reserves to govt: report
Reserve Bank has “more than adequate” reserves and that it can transfer over Rs 1 trillion to the government after a specially constituted panel identifies the “excess capital”, says a report. An RBI board meeting had last on Monday decided…
WhatsApp’s chief business officer Neeraj Arora quits
Neerja Arora, WhatsApp’s chief business officer, is the latest Facebook executive to step down the facebook cluster of companies in the last few months. In a Facebook post, Arora said he is “going to be taking some time off to…
Petrol, diesel prices cut by 35-45 paise per litre on Monday
Petrol, diesel prices extended their downward trend on Monday as international crude prices witnessed a big fall last week. While petrol prices went down by 35-37 paise, diesel prices were slashed by 41-43 paise per litre in major cities across the…
Online festive sale in India flares up on ‘Black Friday’
American shopping festival of Black Friday suddenly gained a buzz in India, thanks to e-commerce portals offering sales on the occasion, and market participants feel the demand for products online has been positive so far in the day. Black Friday…
Gold prices rise after three days
Gold prices are back above Rs 32,000 mark. Gold rates rose by Rs 90 to Rs 32,040, snapping a three-day losing streak. Gold prices had fallen Rs 200 in the previous three days. Tracking gold, silver rates today jumped Rs…
Rupee Near 12-Week High, Strengthens Further To 70.9150 Against Dollar
Rupee strengthened past the psychological 71-to-the-dollar mark, climbing to as much as 70.9175, the highest since September 3 and compared to its previous close of 71.46 on Tuesday. It was trading at 70.93 to the dollar at 1033 GMT or…
Fuel prices dip again
Prices of domestic fuel dipped further on Friday with petrol being sold at Rs 75.57 per litre while diesel at Rs 70.56 per litre in Delhi Where as in Mumbai, the prices of petrol and diesel are Rs 81.10 per…
Delhi airfares to get costlier, new airfares to take off from December 1
Passengers flying out of Delhi airport will have to pay more by shelling out Rs 77 per ticket from December 1, with regulator AERA approving revision in service charges. Currently, Rs 10 is levied on domestic tickets and Rs 45…
Gold prices fall by 200 rupees in 3 days
Gold prices drifted further lower by Rs. 50 to Rs. 31,950 per 10 grams at the bullion market on Wednesday, falling for the third consecutive day. The precious metal has lost Rs. 150 in the past two days. Silver too…
Stable alliance among Nissan, Renault, Mitsubishi : Japan government
Japan believes it is important for Nissan Motor Co, Renault and Mitsubishi Motors Corp to maintain a stable alliance, its top government spokesman said on Wednesday. Chief Cabinet Secretary Yoshihide Suga made the comment in a regular news conference. The…
Bitcoin price down $5,000 for first time in 13 months
Bitcoin prices down $5,000 mark for the first time since October 2017, amid speculation that increased regulatory scrutiny will prompt issuers of initial coin offerings to liquidate holdings. Bitcoin declined as much as 9.1% to $4,958, falling for an eighth…
RBI Meet agrees to address Centre’s Call to Share Surplus
Reserve Bank of India’s board met for more than nine hours in Mumbai. Government and RBI meet middle of an unprecedented power tussle. Sources say the meeting, which brought RBI chief Urjit Patel face-to-face with several nominees of the government,…
Fuel prices continue to slide
The rates of fuel across India are witnessing a continuous decline due to a fall in the prices of crude oil. Petrol was priced at Rs 76.38 per litre in Delhi – down from Rs 76.52 from a day earlier….
Rupee depreciates by 9 paise to 72.02 against US dollar
Rupee depreciated by 9 paise to 72.02 against the US dollar in early trade Monday. Rupee halting its four-day winning streak, ahead of RBI’s board meet. RBI’s board meeting likely to resolve issues today Fresh demand for the American currency…
RBI’s board meeting likely to resolve issues today
Rift is going on between RBI and Government, government is set to play out at the RBI’s crucial board meeting on Monday, Finance Ministry nominees and some independent directors expected to take on Governor Urjit Patel and his team over issues…
Fuel prices further reduced
Fuel prices further reduced on Monday in New Delhi and Mumbai owing to a reduction in the rates of crude oil. Petrol was priced at Rs 76.52 per litre in Delhi – down from Rs 76.71 from a day earlier….
Rupee up 8 paise against dollar in early trade
The rupee was trading 8 paise higher at 71.90 against the US dollar. The local currency opened almost flat at 71.99 against the greenback compared with the closing level of 71.98 on Thursday. According to market experts, rupee extended its…
Fuel prices continue to dip
Prices of petrol and diesel continued to drop on Friday, with petrol being sold at Rs 77.10 per litre (decrease by Rs 0.18) and diesel is at Rs 71.93 per litre (decrease by Rs 0.16) in Delhi. In Mumbai, the…
Rupee gain, trades at 71.89 per dollar
Indian rupee appreciated further as it is trading below 72 mark. It is trading higher by 42 paise at 71.89 per dollar. It opened 26 paise higher at 72.05 per dollar versus previous close 72.31. On Wednesday the rupee closed 36…
India Ready To Import More U.S. Oil And Gas
India is ready to import more crude oil and liquefied natural gas (LNG) from the United States. This move is to expand bilateral trade, India’s Foreign Secretary Vijay Gokhale said on Wednesday. Speaking after a meeting between India’s PM Modi…
Making online user ID on IRCTC to soon become tougher
Indian Railway Catering and Tourism Corporation (IRCTC), the online ticketing operations of the Indian Railways, is soon going to make the process of its online signing up tougher. As per leading media house, ticketing agents make thousands of fake User…
RBI To Inject Liquidity Worth Rs. 12,000 Crore tommorow
Reserve Bank of India (RBI) would inject Rs. 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in…
Sensex recovers from lows, Nifty above 10,500; oil stocks gain
After opening negative on Tuesday morning, the Sensex recovered even as the Nifty moved past 10,500-mark. The 30-share Sensex moved 34,800-mark, while the Nifty 50 went beyond the 10,500-mark. After a massive global sell-off roiled stock markets worldwide, the domestic…
Fuel prices continue to decline
Decline in fuel prices continued on Tuesday with petrol being retailed at Rs 77.43 per litre (decrease by Rs 0.13) in Delhi and diesel at Rs 72.19 per litre (decrease by Rs 0.12). Prices of fuel witnessed a decline on Monday,…
Alibaba Singles’ Day sales hit whopping Rs 72,000 crore in first hour more than Flipkart, Amazon
Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion or, around Rs 72,000 crore) in the first hour of its annual Singles` Day on Sunday, up roughly 21 percent from last year`s early haul of 57…
Rupee trades lower at 72.89
After a gap down opening the Indian rupee slipped further as it is trading lower by 40 paise at 72.89 per dollar. It has opened lower by 23 paise at 72.72 per dollar versus Friday’s close 72.49. Rupee consolidated in…
Reliance Communications Pays 62 Lakh To Regulator To Settle Case
Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs. 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee. “Reliance Communications Limited filed a suo moto application…