Business

The Sensex and Nifty pared most of the losses on Monday to end flat following reports the country may soon abolish export tax on key steel products to revive demand lifted metals stocks, offsetting a selloff in technology companies on demand worries. Meanwhile, the rupee ended at a record closing …

The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a 4th-month jail sentence on fugitive businessman Vijay Mallya. In addition, the former liquor baron has been asked to deposit $40 million with 8 per cent interest within a month, failing which his properties would be …

Shares of India’s largest IT services firm Tata Consultancy Services  fell 4.7 per cent on Monday after the company missed its quarterly profit estimates by a wide margin as employee-related expenses soared. The TCS stock fell 4.70 per cent to end at Rs 3,112.00 apiece on the National Stock Exchange …

Equity indices slipped in the negative dominion on Wednesday after a two-day breather, with the BSE Sensex tumbling 709.54 points following weak trends in global markets. Unabated foreign fund outflows also played the  spoilsport for bourses. The 30-share BSE Sensex tanked 709.54 points or 1.35 per cent to settle at …

Benchmark equity indices crashed for the 5th straight day after opening’s sharply higher on Thursday, under scoring investors’ differing views on the US Federal Reserve’s biggest rate hike since 1994 and its impact on the global economy. After rebounding sharply to open in the green earlier, carrying momentum from a …

The Federal Reserve raised its target interest rate by 3-quarters of a percentage points on Wednesday to stem a unruly surge in inflation, and projected a slowing economy and rising unemployment in the coming months . The rate highest was the biggest made by the U.S. central bank since 1994, …

India Post Payment Bank (IPPB) will implement the closure charges for its digital accounts this month. “The charges shall be applicable only in case the Digital Savings Bank (DGSB) account is closed at the end of one year period due to non-updation of KYC,” it said in a statement. The …

IndiGo had the best on-time performance (OTP) of 95.4 per cent at four metro airports in February, while Go First secured the number two position with 94.1 per cent in the same month, according to data released by aviation regulator Directorate General of Civil Aviation (DGCA). Bengaluru, Delhi, Hyderabad and …

The board of state gas utility GAIL India Limited will on March 31 consider buyback of shares, the second buyback in as many years. In a stock exchange filing, the nation’s top gas transporter and distributor said its board of directors, at the meeting on March 31, will also consider …

Gold and silver futures traded lower on Friday, March 25, in a volatile session. On the Multi Commodity Exchange (MCX), gold futures, due for an April 5 delivery, were last seen 0.31 per cent down at ₹ 51,918, compared to the previous close of ₹ 52078. Silver futures, due for …