Business
Sensex Gains Over 100 Points, Nifty Above 10,350
The NSE Nifty too was up 47.65 points, or 0.46 per cent, at 10,379.25.
Fund Distribution to States Should be Based on Performance Indicators: NITI Aayog Boss
"...I think it is better deal now to start process of building some performance indicators for the devolution of funds and then increase it in phased manner," the NITI Aayog vice chairman said at an event organised by industry body CII.
Government Plans 'Super Premium' Khadi to Tap Luxury Customer Base
The MSME Ministry also plans to rope in top designers for the super premium segment products with the help of Textiles Ministry.
Bitcoin, Other Cryptocurrencies Hit Hard on Indian Exchanges After RBI Clampdown
In India, Bitcoin, a volatile cryptocurrency, plummeted to a low of 350,001 rupees or about $5,392, according to crypto-currency exchange Coinome, compared with its international market price of $6,617.
Rupee Surges 15 Paise Against Dollar in Early Trade
Dealers said dollar's weakness against some other currencies overseas and early gains in domestic equity markets supported the rupee.
Rupee Rises 4 Paise Against US Dollar in Early Trade
On Tuesday, the local currency strengthened by 17 paise to close at 65.01 per dollar on fresh selling of the dollar.
New Post-Brexit India-UK Trade Deal Could Take Nearly 7 Years: Report
Open Britain, set up as a campaign group against a hard Brexit by prominent British politicians and campaigners, analysed the time taken by countries in their various FTA negotiations of the past to come up with an average estimate.
SoftBank, China's GCL Team up for $930 Million Indian Solar Venture
India has also been urged to strengthen its power grids and focus on a clear policy framework to bring down the cost of capital investment, the head of the International Renewable Energy Agency said in March.
Textile Exports Likely to Miss $45 Billion Target for FY18
According to CITI (Confederation of Indian Textile Industry) President Sanjay Jain, the domestic textiles and apparel industry faces a big threat from rising imports due to the removal of countervailing duty and special additional duty in the Goods and Se...
Kalyan Jewellers Says Dubai Police Files Case Against 5 Persons For Denting Brand Image
The legal action follows a complaint filed by Kalyan Jewellers LLC before the Dubai Public Prosecution against spreading fake videos and false news on social media.
Tax-free Gratuity Ceiling Raised to Rs 20 Lakh in Private Sector
The notification follows changes in the Payment of Gratuity Act which had empowered the government to fix the ceiling of the retirement benefit through an executive order.
RBI Imposes Rs 58 Crore Penalty on ICICI Bank
The penalty is for non-compliance with directions issued by the Reserve Bank of India on direct sale of securities from its held-to-maturity portfolio and specified disclosure in this regard.
Nafed Signs Rs 478 Crore Debt Settlement Pact With 8 Banks
Cooperative Nafed has been incurring losses because of mounting interest liability on outstanding loans of around Rs 1,600 crore due to its failed tie-up businesses during 2003-06.
Sensex Rebounds From 2-Day Losing Streak as Bank Stocks Firm Up
The Sensex bounced back to regain the 33,000-level and touched high of 33,115.41 as Bank of Baroda, Yes Bank, SBI, HDFC Bank, PNB ICICI Bank, Federal Bank, IndusInd Bank and Axis Bank saw heavy buying, gaining up to 6.16 per cent.
International Monetary Fund's Christine Lagarde Proposes 'Rainy Day Fund' for Euro Zone
In a speech in Berlin, Lagarde hailed a "sustained and broadly shared upswing" in the global economy.
Sensex, Nifty Turn Choppy on Weak Global Cues
Asian markets were trading lower following a global sell-off last week amid rising tensions between the US and China.