business

SEBI fines Yes Bank Rs 25 crore in AT-1 bonds case; company ordered to pay within 45 days
business

SEBI fines Yes Bank Rs 25 crore in AT-1 bonds case; company ordered to pay within 45 days

Yes Bank Ltd and certain officials devised the "devious scheme to dump the AT-1 (Additional Tier-1) bonds on their hapless customers", the market regulator noted

Retail inflation rises to 5.52% in March due to higher food prices, shows govt data
business

Retail inflation rises to 5.52% in March due to higher food prices, shows govt data

The rate of price rise in the food basket accelerated to 4.94 percent in March from 3.87 percent in the preceding month, as per data released by the NSO

Finance ministry allows all private sector banks to participate in government-related businesses
business

Finance ministry allows all private sector banks to participate in government-related businesses

This step is expected to further enhance customer convenience, spur competition and raise efficiency in customer services, a ministry statement said

Market Roundup: Sensex surges 256 points; Nifty closes at 14,823; top gainers and losers
business

Market Roundup: Sensex surges 256 points; Nifty closes at 14,823; top gainers and losers

HDFC was the top performer in the Sensex pack, spurting 2.70%, after reporting a 31% jump in net profit for the March quarter

Sensex rallies over 400 points in early trade; tracks gains in index majors TCS, Reliance Industries
business

Sensex rallies over 400 points in early trade; tracks gains in index majors TCS, Reliance Industries

The BSE index was trading 416.43 points or 0.85 percent higher at 49,366.19, while NSE Nifty surged 121.10 points or 0.82 percent to 14,845.90

Market Roundup: Sensex gains 272 points on auto, IT, financial stocks; today’s top gainers and losers
business

Market Roundup: Sensex gains 272 points on auto, IT, financial stocks; today’s top gainers and losers

Apart from Nifty Pharma, Nifty PSU Bank, and Nifty Private Bank, all the other sectoral indices of NSE were trading in green

Gold, Silver Price Today: Precious metals get costlier; check Mumbai, Delhi, Chennai prices here
business

Gold, Silver Price Today: Precious metals get costlier; check Mumbai, Delhi, Chennai prices here

The price of 22-carat gold in Delhi today is Rs 45,600 while 24-carat gold costs Rs 49,740 for 10 grams

Sensex rises over 150 points in early trade; index majors HDFC Bank, ITC track gains
business

Sensex rises over 150 points in early trade; index majors HDFC Bank, ITC track gains

The BSE index was trading 174.54 points or 0.36 percent higher at 48,852.09, while NSE Nifty advanced 69.05 points or 0.47 percent to 14,686.90

In 2021, cruise companies hope for better business with vaccines and health bubbles
business

In 2021, cruise companies hope for better business with vaccines and health bubbles

Before the pandemic, cruise companies had enjoyed a decade of strong growth, peaking in 2019 with 29.7 million passengers, more than half from North America, according to the Cruise Lines International Association.

Market Roundup: Sensex surges 424 points, Nifty closes at 14,617 on RBI boost; today’s top gainers and losers
business

Market Roundup: Sensex surges 424 points, Nifty closes at 14,617 on RBI boost; today’s top gainers and losers

Apart from Nifty Realty which was trading 1 percent lower, all the other sectoral indices of the NSE were trading in green with Nifty Pharma gaining 4.12 percent

Sensex jumps over 200 points in early trade ahead of RBI governor Shaktikanta Das’ speech
business

Sensex jumps over 200 points in early trade ahead of RBI governor Shaktikanta Das’ speech

The BSE index jumped 266.09 points or 0.55 percent in initial deals and NSE Nifty advanced 81.45 points or 0.56 percent

Government of India gives nod to local telecom operators for 5G trials
business

Government of India gives nod to local telecom operators for 5G trials

The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio

Adar Poonawalla's SII to invest over $300 million in UK
business

Adar Poonawalla's SII to invest over $300 million in UK

The Serum Institute of India has been at the forefront of producing the lower-cost AstraZeneca coronavirus shot

RBI imposes Rs 3 crore penalty on ICICI Bank, cites violations over transfer of securities
business

RBI imposes Rs 3 crore penalty on ICICI Bank, cites violations over transfer of securities

The fine has been imposed for contravention of directions in the Master Circular on 'Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks'

India's factory orders, production rise at slowest rates in eight months in April: PMI
business

India's factory orders, production rise at slowest rates in eight months in April: PMI

The Purchasing Managers’ Index survey, however, noted that while output and sales increased at slowest rates since August due to the COVID-19 crisis, there was a faster upturn in international orders

T Rabi Sankar named as new RBI deputy governor; career Central banker set to suceed BP Kanungo
business

T Rabi Sankar named as new RBI deputy governor; career Central banker set to suceed BP Kanungo

Sankar, a career Central banker, has worked in various positions at the Reserve Bank of India. He has a Master of Philosophy in Economics from the Jawaharlal Nehru University

Market Roundup: Sensex down 63 points, Nifty ends at 14,634; today’s top gainers and losers
business

Market Roundup: Sensex down 63 points, Nifty ends at 14,634; today’s top gainers and losers

Market benchmark Sensex staged a smart recovery from the day's low to end with marginal losses on Monday amid a negative trend in global equities

Reliance consolidated profit doubles to Rs 13,227 crore in Q4; petrochem revenue rises 4.4%
business

Reliance consolidated profit doubles to Rs 13,227 crore in Q4; petrochem revenue rises 4.4%

Revenues from digital services surged to Rs 22,628 crore in Q4FY21, compared to Rs 19,153 crore in the same quarter last year

Market Roundup: Sensex surges 557 points, Nifty above 14,600; today's top gainers & losers
business

Market Roundup: Sensex surges 557 points, Nifty above 14,600; today's top gainers & losers

The top gainers of the day were Larsen & Toubro (LT), Bajaj Finance, Reliance, Indusind Bank, and SBI. The top laggards included Maruti, NTPC, Kotak Bank, Nestle India