Business

Ronojoy Dutta, who is currently the CEO, has been redesignated with immediate effect and his term in the new role would be valid till January 23, 2024, according to a release.

Tata Consultancy Services (TCS), HDFC Bank, HDFC, Kotak Mahindra Bank and ITC were the other bluechips which witnessed a drop in their market capitalisation (m-cap) for the week ended Friday, while HUL, ICICI Bank, Infosys and SBI finished on the gainers'...

DCB Bank's total income was up 13.66 per cent at Rs 990.89 crore during the quarter under review as against Rs 871.78 crore in the corresponding period a year ago.

SBI Chairman Rajnish Kumar’s statement comes at a time when markets are speculating that Yes Bank might be merged into SBI in order to avoid a banking disaster that can further cripple the Indian economy.

A Bharti Airtel official said that the service to withdraw money received through Western Union is operational at around 1 lakh outlets in India and it will become available across the country in the next few days.

At the interbank foreign exchange market, the rupee opened strong at 71.17 and further gained slightly to hit a high of 71.16 against the greenback.

Last month, the tax department had raised its GST tax collection target to Rs 1.1 lakh crore per month with Rs 1.25 lakh crore for a single month for the remaining period of this financial year.

The Supreme Court has given a 'blanket stay' on the NCLAT order, the company's Chief Executive and Managing Director Rajesh Gopinathan said.

The TCS stock closed the session at Rs 2,220, down 0.8%, after hitting the day’s low of Rs 2,213. The stock has gained nearly 17% in the last one year compared with an over 13% rise in the benchmark Nifty 50 index.

Union Commerce Minister Piyush Goyal, too, scoffed at Jeff Bezos during an event on Thursday and said that Amazon is not doing India a favour by investing a billion dollars.

At the interbank foreign exchange, the rupee opened at 70.98 then fell to 71.00 against the dollar, showing a decline of 7 paise over its previous closing.

CBI has registered the FIR under charges of criminal conspiracy, cheating under Indian Penal Code and Provisions of Prevention of Corruption Act after a preliminary enquiry into the allegations.

Confederation Of All India Traders which has been opposing Amazon chief Jeff Bezos' visit to India, said more than 5 lakh traders supported its protests in about 300 cities, and about 5,000 trade associations participated.

The retail inflation based on Consumer Price Index (CPI) was 2.11 per cent in December 2018 and 5.54 per cent in November 2019.

The amendments in the acts would enhance the ease of doing business, democratisation of coal mining sector by opening it up to anyone willing to invest.

After rallying 323 points during the day, the 30-share BSE index Sensex pared some gains to end 147.37 points, or 0.36 per cent, higher at 41,599.72.