Business

Forex dealers said, the US dollar's gains against some currencies overseas following upbeat remarks on the US economy by Federal Reserve Chief Janet Yellen and a lower opening in the domestic equity market put the rupee on the back foot.

As IT giant Infosys remains embroiled in differences between its founders and the top management, markets regulator Sebi is keeping a "close watch" on all the developments with a "special focus" to ensure that minority investors' interest is safeguarded.

Emphasising that Indian securities market has seen significant developments, Finance Minister Arun Jaitley on Saturday said the regulator is evolving in accordance with the needs of the economy and markets.

Trouble is brewing in Infosys with founder Narayan Murthy raising some big questions over how the management of the IT giant is functioning.

Leading stock exchange NSE on Wednesday said it has appointed IDFC chief Vikram Limaye as its new Managing Director and CEO -- nearly two months after the sudden exit of Chitra Ramkrishna from the top post.

The Budget rally entered the second day on Thursday after the Sensex closed at nearly a 4-month high of 28,227, driven by healthcare and IT stocks amid mixed global shares.

News18 brings you a list of items that you will have to shell out more money for and some that got cheaper.

Prime Minister Narendra Modi, in 2015, referred to it as a “living monument” of the failure of the previous UPA regime, yet the flagship job guarantee scheme NREGA figured majorly in Arun Jaitley’s Budget as he gave it one of its biggest allocations ever.

Seeking to assuage concerns of overseas investors, the government on Wednesday announced relief for well-regulated FPIs from tax liability arising out of sale of assets or shares in a foreign company due to redemption of an investment within India.

Footwear stocks gained as much as 5 percent on Wednesday after Finance Minister Arun Jaitley announced plans to launch a scheme for the labour intensive leather and footwear sector that will boost its growth and create new jobs.

Union Finance Minister Arun Jaitley on Wednesday said his Budget for 2017-18 allocates more towards rural areas, welfare schemes and infrastructure, while ensuring that government finances do not go out of control.

RURAL India seems to be the star of Finance Minister Arun Jaitley’s budget speech so far with a heavy emphasis on NREGA, PMGSY and steps at boosting agricultural income.

Indian tech stocks tanked on news of a new US legislation that seeks to double the minimum salary of H-1B visa holders, making it difficult for firms to replace American employees with Indian software professionals.

The transaction will help expand Ant Financial's business following its partnering with Paytm in India and Ascend Money in Thailand, it said.

The dollar weakness was a major contributor to the rupee recovery as the skittish investors continued to lighten their long positions.

Despite the banknote ban hitting credit demand in many sectors, HDFC Bank said its domestic advances as of end-December grew about 17.5 percent from a year earlier.