Business

Karthikraj Lakshmanan, Senior Fund Manager - Equities, BNP Paribas Mutual Fund said, "After four consecutive days of negative sentiment, stock markets in India traded with some strength today. Benchmark indices opened the day in the green and traded in th...

A Parliamentary panel has decided to summon Reserve Bank Governor Urjit Patel again to explain how much of the junked currency has been deposited in banks post note ban and the progress made in remonetisation.

The benchmark BSE Sensex recovered over 147 points in early trade on fresh buying by investors in blue-chip stocks amid a firm trend in Asia.

The benchmark BSE Sensex recovered by almost 57 points in early trade today on the back of gains in FMCG, capital goods, PSU, power, auto and IT sector stocks amid positive Asian cues.

The rupee strengthened by 9 paise to trade at 65.37 against the dollar in opening trade on Monday on fresh selling of the US currency by exporters and banks.

The 30-share BSE index settled higher by 187.74 points, or 0.64 per cent, at 29,585.85. This is the highest closing since January 29, 2015 when it closed at 29,681.77.

The rupee on Tuesday firmed up for the second consecutive session and closed at a nearly 4-month high of 66.67 on continued selling of the American currency by banks and exporters.

Demonetisation impact on GDP may be seen in the current quarter in some segments, while the remonetisation exercise should be completed in 2-3 months, RBI Deputy Governor Viral V Acharya said on Monday.

Stocks frittered away a good beginning on Thursday as the Sensex stumbled and lost about 145 points to end at 28,840 after investors moved in to take profit towards the close amid a lower opening in Europe.

For non-home branches, ICICI Bank would not charge anything for first cash withdrawal of a calendar month and Rs 5 per thousand rupees thereafter subject to a minimum of Rs 150.

Reserve Bank of India Deputy Governor Viral Acharya has proposed setting up "bad bank"-type institutions to deal with the $133 billion in stressed assets accumulated by Indian banks after years of reckless lending.

The 30-share index was trading higher by 50.53 points, or 0.18 per cent, to 28,863.41 with the sectoral indices led by consumer durables, capital goods, healthcare, metal, auto and banking trading higher by up to 0.58 per cent.

"Until demonetisation there was very healthy consumption spending in India, which was basically propelling economic growth. India has an inward domestically demand-oriented economy, which is good when global growth factors are not exactly healthy," he sai...

The capital markets regulator Sebi's Chairman-designate Ajay Tyagi was on Wednesday sent back to his cadre state, Himachal Pradesh, from his current posting in Finance Ministry, to help him avail benefit of promotion.

India on Tuesday pitched for certainty in the US visa regime arguing that businesses flourish only in a stable environment.

Chinese handset maker Xiaomi has elevated its India Head Manu Kumar Jain to a global role as its Vice President.