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Image used for representative purpose only. | Photo Credit: REUTERS The rupee gained 10 paise to 82.71 against the U.S. dollar in early trade on Monday tracking positive domestic equities. However, sustained foreign fund outflows and strength of the American currency in the overseas market dented investor sentiments, forex traders said. At the interbank foreign…
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The 30-share BSE Sensex climbed 210.43 points to 65,931.68 in early trade on August 7. | Photo Credit: Vivek Bendre Benchmark equity indices climbed in early trade on August 7, extending their previous day’s rally, amid buying in index majors ICICI Bank and Reliance Industries along with a mixed trend in Asian markets. The 30-share…
A vendor weighs tomatoes for a customer at a vegetable market in Ahmedabad on July 25, 2023. | Photo Credit: Reuters India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India (RBI) in July, owing to a broad-based uptick in food prices, and could…
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Reliance Industries Ltd, India’s most valuable company, has sought shareholder’s approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. Mr. Ambani, 66, will cross the company law-mandated 70 years age for the chief executive…
A laptop showroom in Chennai. | Photo Credit: The Hindu The Directorate General of Foreign Trade (DGFT) on August 4 delayed Thursday’s notification restricting imports of laptops, PCs, tablets and servers to India ‘with immediate effect’ to November 1, after Customs officials stationed at ports of entry started holding up electronics shipments. Government officials sought…
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File photo of State Bank of India (SBI) chairman Dinesh Kumar Khara. | Photo Credit: PTI State Bank of India (SBI) reported first quarter net profit surged 178.25% to ₹16,884 crore as compared with ₹6,068 crore a year earlier on account of improvement in asset quality and loan growth. This is the bank’s highest-ever net…
File. | Photo Credit: C. Venkatachalapathy The rupee fell by 8 paise to settle at a more than two-month low against the U.S. dollar on August 4 weighed down by safe-haven dollar demand and higher crude oil prices. Foreign fund outflows also weighed on the local unit, analysts said. At the interbank foreign exchange, the…
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File. | Photo Credit: Reuters The country’s biggest bank SBI on August 4 posted over two-fold jump in standalone net profit at ₹16,884 crore for the first quarter of the current financial year, helped by decline in bad loans and improvement in interest income. State Bank of India (SBI) had reported a net profit of…
Read More “SBI Q1 profit jumps over two-fold to ₹16,884 crore” »
Representational image only. | Photo Credit: Reuters Equity benchmark indices rebounded in early trade on August 4 after three days of fall amid buying in IT counters and mixed global market trends. Bouncing back from a three-day decline, the 30-share BSE Sensex climbed 300.1 points to 65,540.78 in early trade. The NSE Nifty advanced 105.9…
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Foreign currency traders work inside a trading firm behind the signs of various world currencies, in Mumbai. | Photo Credit: REUTERS The rupee witnessed a range-bound trading against the U.S. dollar in early trade on Friday, as the support from positive domestic equities was negated by firm crude oil prices. Forex traders said the rupee…
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