Business
PTI Mumbai: Equity benchmark Sensex surrendered all its early gains to end 46 points lower on Tuesday as investors turned cautious ahead of Prime Minister Narendra Modi's address to the nation. After jumping 272.39 points during the day, the 30-share index turned negative and settled 45.72
Business
PTI Balance-sheet recession looms: S&P S&P Global Ratings on Friday said the Indian economy is in deep trouble with growth expected to contract by 5% this fiscal. “India’s economy is in deep trouble. Difficulties in containing the virus, an anaemic policy response, and underlying vulnerabilities,
Business
Says economy to fall into recession, asset quality to deteriorate, credit costs to rise S&P Global Ratings on Friday downgraded Axis Bank’s rating to BBB- from BB+ saying the rating action reflected its view that economic risks had increased for banks operating in India. “We have lowered
Business
PTI New Delhi: Petrol price on Saturday was hiked by 25 paise per litre and diesel by 21 paise, taking the cumulative increase in rates in three weeks to Rs 9.12 and Rs 11.01 respectively. Petrol price in Delhi was hiked to Rs 80.38 per litre from
Business
PTI Mumbai: The rupee erased its initial losses and settled 7 paise higher at 75.65 (provisional) against the US dollar on Thursday tracking positive domestic equities and foreign fund inflows. Forex traders said, the rupee traded in a narrow range as gains in domestic equities, easing crude oil prices
Business
Diesel price in the national capital crossed the ₹80 per litre-mark for the first time ever on PTI Thursday as oil companies raised prices for the 19th day, taking the cumulative rate to ₹10.63 a litre. Petrol price, after a day’s hiatus, was hiked by 16 paise and
Business
PTI New Delhi: The Competition Commission of India (CCI) on Wednesday said it has approved Facebook's proposed acquisition of 9.99 per cent stake in Jio Platforms. In April, Facebook announced an investment of USD 5.7 billion (Rs 43,574 crore) in Jio Platforms. The acquisition was
Business
PTI Mumbai: The rupee pared its early gains to settle down by 6 paise at 75.72 against the US currency due to concerns over fresh trade tensions between the EU and the US and rising COVID-19 cases. Forex traders said factors like weak domestic equities and India-China border tension
Business
PTI Mumbai:The rupee on Tuesday appreciated 37 paise to provisionally close at 75.66 against the US dollar, following a rally in domestic equity market and persistent foreign fund inflows. Besides, an unstable US dollar against major global currencies also helped the rupee surge, forex dealers said. At the
Business
PTI New Delhi: Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 55 paise as the oil companies increased prices for the 17th day in a row that took the cumulative increase to a steep Rs 8.5 and Rs 10.01 per litre, respectively.
Business
PTI New Delhi: Petrol price on Monday was hiked by 33 paise per litre and diesel by 58 paise to take retail rates to record high as the oil companies increased prices for the 16th day in a row. In 16 days, petrol price has been hiked by Rs 8.
Business
PTI New Delhi: Diesel price on Sunday hit a fresh record high after rates were hiked by 60 paise per litre while petrol price was up 35 paise, taking the cumulative increase in rates in 15 days to Rs 8.88 a litre and Rs 7.97 respectively. Petrol price
