Business

Equity benchmark BSE Sensex sank over 300 points in early session on Wednesday, dragged by losses in banking, IT and auto stocks amid negative global cues and foreign fund outflow. The 30-share index was trading 303.70 points, or 0.78 per cent, lower at 38,793.44 at 0930 hours, while the broader […]

Oil prices fell on Wednesday for a second day on worries that fuel demand could fall after US President Donald Trump doused recent optimism over China-US trade talks and reignited concerns about global economic growth. Brent crude futures fell 47 cents to $62.63 a barrel by 0442 GMT, while US […]

Officers’ unions of public sector banks have deferred the proposed two-day strike, September 26-27, after finance secretary Rajiv Kumar assured that the government would look into their concerns. Four unions of bank officers had threatened to go on a strike to protest against the consolidation of 10 state-run lenders into […]

Equity benchmark BSE Sensex jumped over 200 points in early session on Tuesday, driven by gains in index heavyweights RIL, Infosys, TCS and Maruti, amid positive domestic and global cues. Strong foreign fund inflow too buoyed market mood here, traders said. After hitting a high of 39,306.37 points, the 30-share […]

Oil prices eased on Tuesday as weak manufacturing data from Europe and Japan focused market attention on the gloomy outlook for demand and away from uncertainty around supply disruptions in Saudi Arabia. Brent crude futures fell 35 cents to $64.42 a barrel by 0408 GMT, while US West Texas Intermediate […]

Anil Ambani-led Reliance Capital has slammed CARE Ratings for downgrading its debt program and called actions by the rating agency “pre-meditated and prejudiced”. Reliance Capital said there was a delay in payment of interest for non-convertible debentures (NCDs) due to a technical glitch and the payment was made on the […]

The Centre is mulling imposing stock limits on onion traders as the retail prices of the key kitchen staple have shot up to Rs 70-80 per kg in the national capital and other parts of the country owing to supply disruption in the wake of excess monsoon rains in the […]

British travel giant Thomas Cook declared bankruptcy on Monday after failing to reach a last-ditch rescue deal. The 178-year-old operator had been seeking £200 million ($250 million) from private investors to save it from collapse. “Despite considerable efforts, those discussions have not resulted in agreement between the company’s stakeholders and […]

Domestic equity benchmark BSE Sensex spiralled over 1,900 points in morning session on Friday after Finance Minister Nirmala Sitharaman announced a slew of measures to boost manufacturing and revive the sagging economy. In a major booster to the market, the government has decided to not levy the enhanced surcharge introduced in the […]

Gold prices edged higher on Friday and were set for their first weekly gain in one month, supported by a softer dollar and caution about developments in Sino- US trade talks. Spot gold was up 0.3% at $1,503.20 per ounce, as of 0353 GMT, and was on track for its […]