Business
Saudi Arabia's Oil Giant Aramco to Sell Small Stake on Riyadh's Stock Exchange
The company says it will have 200 billion regular shares. A 1.5% stake in the company would be around 3 billion shares.
Anil Ambani, 4 Directors Resign from Reliance Communications Day After Firm Posts Rs 30,142 Cr Loss
According to the filing, Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom.
Untimely Rains Hit India's Summer Crops, Delay Rural Economy Recovery
The recent wet spell is also forcing farmers to delay sowing winter crops, placing a further drag on the rural economy at a time when India's economic growth has slumped to a six-year low.
India's Palm Oil Imports Jump 8% as Malaysian Shipments Surge, Says Trade Body
The higher palm oil purchases, hitting 9.4 million tonnes, lifted India's total vegetable oil imports by 3.5% for the 12 months to 15.5 million tonnes, the Solvent Extractors' Association (SEA) said in a statement.
Sensex Rises Over 200 Points on Firm Global Cues in Early Trade
The 30-share index was trading 206.79 points, or 0.51 per cent, higher at 40,493.27, while the broader NSE Nifty rose 55.05 points, or 0.46 per cent, to 11,927.15.
Four Govt-run Kiosks Set Up in Bhopal to Sell Onion at Rs 50/kg Amid Soaring Prices
In a bid to control the onion prices, the state government last month issued the 'Madhya Pradesh Onion Traders (Stock Limit and Restrictions on Hoarding) Order 2019'.
Rupee Logs First Gain in Six Days; Recuperates 13 Paise
As forex market participants weighed a range of macroeconomic factors posing challenges, the Indian currency turned volatile traded in the range of 71.85 to 72.24 to the US dollar.
Rupee Tumbles 31 Paise to Hit Three-week Low of 71.28 Against US Dollar on India's Rating Downgrade
Moody's has changed the outlook on the country's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past.
RBI Proposes Removal of Charges on NEFT Payment from January in Boost to Digital Transactions
The Reserve Bank of India has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.
Oil Falls Amid Doubts over US-China Trade Deal, Rising Stockpiles
The trade war between the world's two biggest economies has slowed economic growth around the world and prompted analysts to lower forecasts for oil demand, raising concerns that a supply glut could develop in 2020.
Closely Monitoring Situation at Scam-hit PMC Bank, Forensic Audit Underway: RBI Governor
Governor Shaktikanta Das said an agency has been appointed to assess the realisable value of the bank's assets spread across various states for monetisation.
NITI Aayog Vice Chairman Calls for Review of Essential Commodities Act to Boost Farm Exports
The Essential Commodities Act seeks to regulate the production, supply and distribution of commodities that the government declares 'essential' in order to make them available to consumers at fair prices.
Japanese Telco SoftBank's Second-quarter Profit Climbs 9%, Beats Estimates
SoftBank Corp's results are closely watched by investors not only as it is Japan's third largest telco and has committed to pay out 85% of its profits as dividends, but as an indicator of the health of parent SoftBank Group Corp, which has a 67% stake.
Rupee Ascends to 5-week High on Stocks Rally, Trade Optimism
At the interbank foreign exchange market, the rupee opened strong at 70.55 against the previous close of 70.81 to the US dollar.
Yes Bank Shares Recover after Falling 15% in Opening Trade Post Q2 Results
Shares of Yes Bank were trading at Rs 67.60, up 1.5%, after hitting lows of Rs 56.65 in opening trade. Notably, the stock has recovered over 51% from its all-time lows seen early in October.
SpiceJet Promoter Ajay Singh Pledges 2.78 Percent Shares
These shares, which account for 2.78 per cent shareholding, have been pledged to 'secure a credit facility obtained by SpiceJet'.
