Business
Tesla To Roll Out Uber-Style Ride Services Program
Tesla Motors Inc is planning to roll out a ride services program and will announce details next year, the luxury electric vehicle maker said on its website, a service first outlined by Chief Executive Elon Musk in his master plan in July.
Sensex Gets a Lift from Earnings Uptick, Paces up 145 Points
Stocks made some headway on Thursday as the benchmark Sensex rebounded by over 145 points to close at 28,129.84, a two-week high, driven by financials and metal and underpinned by earnings traction and upbeat global cues.
Sensex Takes Cue From Asia, Bounces 217 Points
The Sensex rebounded almost 217 points and the NSE went past the 8,700-mark on Thursday after investors chased blue-chips amid a rally in Asian markets.
Exports up 4.62% in September, Trade Deficit at 9-month High
Recovering from a two-month decline, exports went up by 4.62 percent to $22.9 billion in September.
Rupee Rises by 15 Paise Against Dollar, Extends Gains for Second Day
The rupee extended its gains for the second trading day on Monday against the US currency, surging by another 15 paise to close at 66.53 per dollar on hopes of more foreign capital inflows.
Pound Hit by 'Flash Crash' in Biggest Fall Since Brexit
The pound suffered a "flash crash" on Friday morning, its biggest drop since Britain voted in June to leave the EU, with confused traders scrambling to understand the reason for the sharp sell-off.
Rupee Runs Up More Losses, Down 8 Paise Against Dollar
The rupee weakened further by 8 paise to 66.59 against the dollar on Thursday following increased demand for the American currency from importers.
Indian GDP to Grow 7.9% This Fiscal, Agriculture at 4%: Crisil
With agriculture income growth "at an above-trend 4 per cent", India's real gross domestic product (GDP) is expected to grow this fiscal at 7.9 per cent, while annual retail inflation would remain contained at 5 per cent, Indian rating agency Crisil said...
Congress Chief Ministers to Press for 18% GST Cap
Congress chief ministers and finance ministers are expected to press for an 18 per cent GST cap at the meeting of the three-day GST Council beginning October 17.
Sensex Slips 58 Points in Early Session Amid Profit-booking
Shares of Axis Bank, Tata Motors, Bharti Airtel, ICICI Bank, Infosys, SBI, GAIL, Hero MotoCorp, Lupin and Tata Steel succumbed to profit-booking, which dragged the indices down.
NIIF to Start Funding Activities in Few Days: Jaitley
The National Investment and Infrastructure Fund (NIIF) will start funding activities in the next few days as it has got commitments from several sovereign wealth funds, Finance Minister Arun Jaitley on Thursday said.
SBI Chief Arundhati Bhattacharya Likely to Get Extension
Government is considering giving a one-year extension to SBI chief Arundhati Bhattacharya amid the lender's consolidation with its associate banks.
FinMin to Probe Into Bankers Depositing Money in Jan Dhan a/cs
Finance Ministry on Wednesday said that it will ascertain facts with regard to instances of bankers depositing small amounts in the Jan Dhan accounts.
RBI Governor's Status Should Be Maintained: Raghuram Rajan
The outgoing Governor of Reserve Bank of India Raghuram Rajan on Saturday said the status and the position of the central banker should not be changed in the interests of macroeconomic stability.
Rupee Down 6 Paise Against Dollar in Early Trade
Forex dealers said strength in the dollar against some other currencies overseas also weighed on the rupee but a higher opening in the domestic equity market capped the losses.
RBI says Focused on Bringing Inflation Down to 4%
Rajan also warned that "room to cut policy rates can emerge only if inflation is projected to fall further," after consumer prices rose 6.07% in July, although the report noted the fall in prices outside of food and fuel were "a heartening development."
