Forex dealers said that besides persistent selling of the American currency by exporters and banks, the dollar's weakness against peers overseas supported the rupee.
The 30-share index, which had gained 69.11 points in the previous session, rallied by 181.31 points, or 0.64 per cent, at 28,474.12.
The OPEC official dubbed the meeting of Algiers "historical", thanking Algeria for offering such an opportunity to gather and decide on a crucial issue related to oil market.
The deal included a non-performance clause, as per which Docomo could invoke a put option to sell back its 26.5 per cent at a minimum of half of Rs 7,250 crore it paid for the share purchase.
Reserve Bank of India Deputy Governor S S Mundra on Wednesday expressed concern over the increasing number of senior officials retiring from public sector banks, noting it’s an area that needed “serious attention”. Watch what else is making news Speaking at the State Bank of India Banking and Economics Conclave, Mundra said, “Unlike the talk […]
Impaired assets at banks are now at 12 per cent (8.6 per cent NPAs and 3.5 per cent restructured), it added.
OPEC's informal meeting in Algeria was still continuing after five hours.
The covered service providers shall also be required to pay fees, as specified by the Resolution Corporation.
NCC had reproached HDFC Bank for putting India’s reputation at stake by not activating the debit card of a couple going abroad.
The court also was critical of Sahara’s conduct after Sebi’s counsel Arvind Datar informed that out of the 8 properties of the group that were put up for auction, five were already attached.
Implementation of the Goods and Services Tax (GST) from April 1, 2017 would further improve India’s competitiveness and ease of doing business ranking, finance minister Arun Jaitley said. The finance minister’s remarks come after the World Economic Forum released the Global Competitiveness Index, according to which India climbed 16 places to the 39th spot in the […]
The survey was conducted during April-December 2015 comprising of a total sample of 1,56,563 households, with 88,783 rural households and 67,780 urban households.
The stock exchanges have subsequently been monitoring scrips for unusual price movements to stop flow of black money into stock markets.
The programme would step up technological capabilities in line with the GSTN.
A total of 4,422 surveys were conducted by the tax dept in FY16, translating into a daily average of about 12 surveys.
The CCEA also approved Rs 2,256 crore for an IT project, Saksham, meant to integrate tax systems of the Central Board of Excise and Customs (CBEC) with the Goods and Services Tax Network (GSTN).
The pact would enable Air India to code share on the French airline's flights on the Chennai-Reunion-Chennai sector as well as on routes including Reunion to Johannesburg, Seychelles, Mauritius and Madagascar.
Crude inventories fell 1.9 million barrels in the week to September 23, compared with analysts' expectations for an increase of 3.0 million barrels.
The EU antitrust enforcer will rule on the proposed merger by Feb. 13, a deadline which would be extended once the companies submit concessions.
Seventeen under-production films of T-Series will first be showcased to subscribers of Prime Video before their television premiere.
Birla cited the case of hiring 20 data scientists at the corporate centre where it is facing some difficulties.
A three-month investigation in the states of Bihar, Jharkhand, Rajasthan and Andhra Pradesh revealed that at least seven children were killed since June mining for mica, the mineral that puts a sparkle in makeup and car paint.
The drop in output will make it nearly impossible for the world's top sugar consumer to export the sweetener in the season starting on October 1
The shareholders of the company, in its AGM held on September 26, 2016 passed the resolution of Ruchir's appointment as non-executive director with 99.3 per cent votes, the company said in a BSE filing.
During test of Q5 diesel model by ARAI, nitrogen oxide (NOx) level was found to be more than the stipulated level.
According to market watchers, the Flipkart-Walmart tie-up will help the companies compete strongly against US-based Amazon.
Several attempts were made by Department of Heavy Industries for revival of Hindustan Cables Limited but failed.
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi.
The Indian economy has stabilised and now boasts of the highest growth among the G-20 countries, the report underlined.
In the run up to the festive month featuring Navratri and Diwali, online shopping majors like Flipkart, Amazon, Myntra, Snapdeal and Shopclues are ready with lucrative offers and discounts.
The New Coal Distribution Policy, 2007 laid down the guidelines for distribution and pricing of coal to various sectors. As per the policy, the scope of coverage through SNAs was increased up to 4,200 TPA.
Nearly 73 per cent of the deputy general managers and general managers put together at PSBs are above 55.
US authorities have accused major banks of misleading investors about the values and quality of complex mortgage-backed securities sold before the 2008 global financial crisis.
The stake is being acquired from LLC RN-Razvedka I Dobycha (RN Upstream), a wholly-owned subsidiary of Rosneft, Russian state firm.
The public offer comprises up to 18,13,41,058 shares of ICICI Prudential Life Insurance Company, including reservation of up to 1,81,34,105 (10 per cent of the offer) for shareholders of ICICI Bank.
With brands offering discounts of up to 70 per cent, we will have 2.5 lakh styles and designs for shoppers, said Myntra CEO.