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RBI springs surprise by keeping repo rate unchanged, rupee tumbles to record low

Economy

05 October, 2018

RBI springs surprise by keeping repo rate unchanged, rupee tumbles to record low

The Reserve Bank of India (RBI) held interest rates unchanged at a policy meeting on Friday, sending the rupee tumbling to a ......

Sensex falls 2%, rupee hits new low as high crude oil prices weigh

Markets

04 October, 2018

Sensex falls 2%, rupee hits new low as high crude oil prices weigh

Indian shares plunged over 2 percent on Thursday, dragged by energy stocks such as Reliance Industries and oil marketers, while ......

Supreme Court allows ArcelorMittal, NuMetal to bid for Essar Steel

Manufacturing

04 October, 2018

Supreme Court allows ArcelorMittal, NuMetal to bid for Essar Steel

 India's Supreme Court allowed ArcelorMittal SA and NuMetal to bid for debt-ridden Essar Steel after clearing their outstanding dues within ......

India services activity drops to four-month low in September

Economy

04 October, 2018

India services activity drops to four-month low in September

Activity in India's dominant services sector eased to a four-month low in September on dwindling demand, while intensifying price pressures ......

Sensex closes more than 1% lower as crude prices dampen sentiment

Markets

03 October, 2018

Sensex closes more than 1% lower as crude prices dampen sentiment

Indian shares ended lower on Wednesday, dragged by financials and IT stocks, as sentiment was dented after crude prices hovered ......

Rupee drops below 73 for first time on high crude prices

Markets

03 October, 2018

Rupee drops below 73 for first time on high crude prices

The rupee dropped to a record low in opening deals on Wednesday as a sharp rise in global crude oil ......

HDFC, TCS help fuel Sensex's recovery

Markets

01 October, 2018

HDFC, TCS help fuel Sensex's recovery

Indian shares ended higher on Monday snapping a three-session losing streak, boosted by financials such as Housing Development Finance Corp ......

Govt seeks to take control of debt-ridden IL&FS, proposes Uday Kotak as chairman

Finance

01 October, 2018

Govt seeks to take control of debt-ridden IL&FS, proposes Uday Kotak as chairman

India on Monday moved to take control of Infrastructure Leasing and Financial Services (IL&FS), whose recent defaults have roiled Indian ......

Bandhan Bank shares slump 20% on RBI curbs

Finance

01 October, 2018

Bandhan Bank shares slump 20% on RBI curbs

Bandhan Bank Ltd shares plunged to their lowest since March debut on Monday after the central bank withdrew permission to ......

India's factory output picks up pace in September on strong demand

Manufacturing

01 October, 2018

India's factory output picks up pace in September on strong demand

Indian factory activity expanded more quickly in September on strong domestic and export order growth, a business survey showed, a ......