Business

At 2:16 pm, shares of SBI Life were trading at Rs 944.30 apiece, down 5.6%, after hitting the day’s low of Rs 930. The stock has risen by a massive 66% in the past one year.

India, the world's third-biggest oil importer, shipped in 4.56 million barrels per day (bpd) of oil in October, about 3.3% less compared with a year ago, data showed. Of that, it bought 3.43 million bpd from OPEC.

In a statement, Tata said it was urgently seeking to improve performance by increasing sales of higher value products, efficiency gains and reducing employment costs by cutting employee numbers by up to 3,000 across its European operations.

The beverages major had moved the NCLAT against the order passed on May 28, 2019, by the Chennai bench of National Company Law Tribunal denying permission to PepsiCo to take back its machinery that was lying at Oceanic Tropical Fruits.

According to the latest depositories data, overseas investors infused a net amount of Rs 14,435.6 crore into equities and Rs 4,767.18 crore into the debt segment during November 1-15, taking the total net investment to Rs 19,202.7 crore.

The enormous IPO, which Hong Kong had lobbied for, will come as a boost for authorities wrestling with pro-democracy protests that have tarnished the financial hub's image for order and security and hammered its stock market.

The consumer price inflation fastened to 4.62 per cent for October according to official data, resulting in concerns over RBI's rate stance, given that the central bank is mandated to keep the number at 4 per cent.

The report, however, said the growth rate will pick up pace in 2020-21 to 6.2%. To propel economic growth, it said, the Reserve Bank of India (RBI) may go for "larger rate cuts" in December monetary policy review.

The coal allocated by the PSU under the scheme in September also dropped to 1.97 MT, compared to 2.58 MT in the corresponding month of 2018-19, it said.

The Swiss government began making details of dormant accounts public in 2015 to allow their claimants submit necessary proof to get access to those funds, which included at least 10 accounts linked to Indians.

This is the fourth time the regulator has increased the withdrawal limit since it clamped down on PMC Bank on September 23, capping withdrawals at Rs 1,000 per customer, which led to a lot of distress and criticism.

After rising over 165 points in opening session, the 30-share index pared all gains to trade 41.28 points, or 0.10 per cent, lower at 40,260.68.

The finance ministry has effected upfront release of capital to PSBs, with Rs 60,314 crore being infused in banks in September 2019 through recapitalisation bonds, including Rs 4,557 crore in IDBI Bank.

In a letter to Telecom Minister Ravi Shankar Prasad, Jio opposed a bailout of telecom companies at taxpayers' expense.

The revelations have come as a setback for DHFL’s lenders, primarily commercial banks that have an exposure of Rs 38,342 crore to the finance company, as the government could initiate a probe by the SFIO.

After the US central bank announced its decision to cut its overnight lending to a target range of between 1.50% and 1.75%, Fed Chair Jerome Powell said that the step was taken on the grounds that monetary policy is in a good place.