Business

Rising crude oil prices, foreign fund outflows and heavy selling in domestic equities is said to have kept pressure on the Indian rupee. Brent crude futures, the global oil benchmark, rose 0.29 per cent to USD 62.19 per barrel.

Several entities of IL&FS group have been found to have indulged in multiple circuitous transactions involving several illegalities, including fast disbursals to some borrowers.

The Jet Airways stock was trading at Rs 81.65, down 11.2%, on BSE. The stock has lost over 40% value within this week.

The European Commission said its decision preserves effective competition on European steel markets and the competitiveness of the industry, which employs about 360,000 people in more than 500 production sites in 23 EU member-states.

Discussing the new scheme with state agriculture ministers through a video conference, Union Agriculture Minister Narendra Singh Tomar urged all states and union territories to roll out the programme at the earliest.

The rupee opened at 69.33 per dollar and fell further to touch a low of 69.56 at the interbank foreign exchange market.

The announcement comes after an 'Economic Times' report on Wednesday said Kapoor had demanded a seat on the board as well as crores of rupees in compensation for lost remuneration.

The aim of the merger had been to create the second largest European steel company behind multinational giant ArcelorMittal and to join forces in the face of the surge of Chinese steel.

The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut, the chairman of the firm, and the directors of Indiabulls for their personal use.

The NCLAT in February had prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking its approval from the tribunal.

A United Technologies-Raytheon merger would create one of the biggest defense groups in the world, entering the 100-billion dollar club including Boeing, Lockheed Martin, and Airbus.

Steven Mnuchin said the United States and China were about 90 percent of the way toward reaching 'a historic agreement' before China backtracked on certain commitments.

Azim Premji will retire and step down as executive chairman of Wipro on July 30 and will hand over charge to his elder son Rishad Premji.

The BJP government needs to focus on some critical public sector undertakings (PSUs). There has been a systematic neglect and deliberate incapacitation in state-owned MTNL and BSNL. The BJP government's policy has resulted in complete financial chaos, Con...

The juice-making company said that its CMD Dhirendra Singh is willing to take all necessary steps in the best interest of the company and the stakeholders, including stepping down from day to day operations of the company .

Most of the banking stocks were trading in the red, with the BSE Bankex down around 0.7%, even as the markets expected RBI’s MPC to cut key policy rate by 25 basis points.