The rupee surged by 52 paise to close at a four-week high of 75.66 against the US dollar on Wednesday, bolstered by gains in domestic equities and a weak greenback in global markets
CAIT said India is one of the largest consumer markets of the world and up-gradation and modernisation of existing retail trade of India has always been the mission of CAIT.
The Supreme Court Wednesday granted partial relief to Vodafone Idea Ltd by asking the Income Tax department to refund Rs 733 crore to the telecom firm within four weeks, for the assessment year 2014-15
Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans
SpiceJet on Wednesday told its pilots that they will not be paid salaries for April and May, and said those who have been operating cargo flights will get paid for "block hours flown"
Hexaware said the company was early in transitioning to work from home (WFH) mode, much before the government-mandated lockdown.
Extending its gains for the third session, equity benchmark Sensex rallied 606 points on Wednesday, buoyed by banking and IT stocks amid positive cues from global markets.
The Reserve Bank on Wednesday extended restrictions imposed on city-based The Needs of Life Co-op Bank Ltd for another six months till 31 October
India can be the destination of choice for global manufacturing in the post-COVID 19 world if it gets its acts together with the right policies as a lot of things are going for the country, say industry experts
Rating agency S&P Global has affirmed its 'BBB+' rating with a stable outlook on Reliance Industries (RIL), saying the company's leverage is poised to improve and stabilise over the next 12-24 months owing to disciplined spending, asset monetisation, and resilient earnings
Senior Congress leader P Chidambaram on Wednesday asked the government why it had taken the technical loan write-off route for fugitives like Nirav Modi, Mehul Choksi and Vijay Mallya
Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues
The Reserve Bank of India's liquidity support for mutual funds may struggle to be effective, as its success will hang on banks' appetite to take up the risks involved, amid low capital headroom and a likely increase in fresh non-performing loans, according to Fitch
Samsung Electronics Co. said Wednesday its operating profit for the first three months of 2020 rose 3.4 percent from a year earlier driven by increasing demands for computer chips
More Indian investors are turning to US stocks to escape tumbling markets at home and pick up exposure to global technology giants that are rising through the coronavirus-led market turmoil
The usage-based motor insurance, popularly known as ‘Pay As You Drive’, allows customers to pay the premium depending on how many kilometres the car has travelled
Shares of Axis Bank on Wednesday dropped over 6 percent in early trade after the company reported a standalone net loss of Rs 1,387.78 crore for March quarter of 2019-20
The digital tax, inserted into budget amendments passed in March, caught the industry off guard as it was not part of the main proposals finance ministry had presented in Parliament a month earlier
The rupee appreciated 34 paise to 75.84 against the US dollar in early trade on Wednesday tracking positive opening of domestic equities and weakness in the American dollar
Sensex surged over 300 points led by buying in index-heavyweights HDFC twins and positive cues from Asian peers.
India’s output is likely to drop by 120 million kgs or 9 percent in 2020 as the lockdown initially forced plantations to suspend plucking during the opening harvest
Mutual funds were required to comply with the highest investment limit of 15 percent and 10 percent in unlisted NCDs by 31 March and 30 June, respectively
Nirav Modi, the 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest last year, appeared before a UK court via videolink.
The government has extended the deadline to bid for Air India by two months till 30 June, as the COVID-19 fallout has disrupted economic activity globally
Shares of Axis Bank and Max Financial Services on Tuesday gained up to 6.6 percent after the bank decided to raise its stake in Max Life Insurance to 30 percent
Outstanding loans amounting to Rs 68,607 crore of top 50 wilful bank loan defaulters in the country including firms of Mehul Choksi and Vijay Mallya have been technically written off till 30 September, 2019, the Reserve Bank of India said in a RTI reply
Nokia has been hampered by delays in its 5G system-on-chip (SoC) development, which allows a single chip to carry an entire computer system and should enable it to produce its network technology more cheaply.
Ford, General Motors and Fiat Chrysler factories have been idled for over a month due to fears of spreading the coronavirus.
Axis Bank said the extent to which the COVID-19 pandemic will impact the bank''s provision on assets will depend on the future developments, which are highly uncertain.
Shares of IndusInd Bank on Tuesday jumped 17 percent at the close of trade after the company reported its March quarter earnings