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Rs & US $

Rs surges 49 paise against US $ on Modi’s landslide win

May 25, 2019

Mumbai: The Indian rupee Friday rallied 49 paise to close at 69.53 against the US $ in line with a massive surge in domestic equities following a decisive mandate for Narendra Modi’s BJP in the general elections. On weekly basis, the Indian currency gained 70 paise helped by a host of domestic and global factors […]

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Reliance Capital

Reliance Capital to exit mutual funds business

May 24, 2019

New Delhi: Reliance Capital (Rcap) Thursday said it will exit the mutual funds business by selling its stake in Reliance Nippon Life Asset Management Ltd (RNAM) to its joint venture partner Japan’s Nippon Life Insurance. Both partners hold 42.88 pc each in the company, while the rest is with public shareholders. Reliance Capital said it has […]

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Adani Ports

Adani Ports to invest USD 290 million in Myanmar

May 24, 2019

New Delhi: Adani Ports and Special Economic Zone will set up its first container terminal outside India in Myanmar at an estimated cost of USD 290 million (over Rs 2,000 crore). The company signed an agreement Thursday to develop and operate a container terminal at Yangon Port in Myanmar.  Construction for phase one of the […]

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Silver & Gold

Silver up on increased offtake; gold steady

May 23, 2019

New Delhi: Silver prices rallied by Rs 200 to Rs 37,400 per kg in the national capital on Thursday, while gold held steady, according to the sourcess. Traders said silver prices rose on pick-up in offtake by industrial units and coin makers at the local spot market. Globally, spot gold was trading marginally higher at […]

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Sensex tumbles 204 pts; Nifty ends below 11,200

Sensex, Nifty hit record highs as early trends hint at NDA win

May 23, 2019

Mumbai: The benchmark BSE Sensex rallied nearly 800 points and the NSE Nifty soared over 200 points to hit their respective record highs in early trade Thursday, as counting of votes for the Lok Sabha election began. According to traders, investor sentiment was boosted by initial trends that suggested a win for the ruling NDA. […]

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Sensex tumbles 204 pts; Nifty ends below 11,200

Sensex tumbles 204 pts; Nifty ends below 11,200

May 16, 2019

Mumbai: The BSE Sensex ended 203.65 points lower after a volatile session Wednesday as investors took money off the table amid mixed global cues. After gyrating over 500 points, the 30-share BSE benchmark closed 203.65 points, or 0.55 per cent, lower at 37,114.88. The index hit an intra-day low of 37,047.87 and a high of 37,559.67. […]

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add add HDFC Bank shortlists 3 startups inDigital Innovation Summit

May 14, 2019

Hyderabad: HDFC Bank Monday said three start-ups from the city – Loop Reality, BluSapphire and Appnovation Technology – were declared winners at its regional Digital Innovation Summit (DIS). According to a press release from HDFC Bank WorkApps, a start up from Pune was the fourth winner picked by the bank after the one-day event held here. […]

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On Weak Global Cues Sensex, Nifty Start on Choppy Note

May 13, 2019

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Monday tracking weak cues from global markets as rising rift between the US and China kept investors on edge. The 30-share index was trading 23.96 points, or 0.06 per cent, lower at 37,439.03. The broader NSE Nifty was also trading 7.85 points, […]

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China's exports fall ahead of crucial trade talks

China’s exports fall ahead of crucial trade talks

May 8, 2019

Beijing: China’s exports fell more than expected in April while imports rose, official data showed Wednesday ahead of high-stakes talks aimed at resolving a trade war with the United States. The world’s two leading economies face a possible make-or-break moment when top negotiators meet in Washington this week following months of fraught talks. US President Donald […]

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