Business

Investors view gold and other assets like government bonds and the U.S. dollar as safe havens during times of stress.

Forex traders, however, said easing crude oil prices supported the local unit and restricted the fall to some extent.

The strike is also aimed at putting pressure for the expeditious settlement of employees' grievances, according to a statement issued by the All Unions and Associations of BSNL.

Currently, Indian Overseas Bank, Central Bank of India, UCO Bank and United Bank of India are under this framework, which puts several restrictions on them, including on lending, management compensation and directors' fees.

Morgan Stanley's main rival, Goldman Sachs Group Inc, has also been forging ahead with an upstart retail bank, while others including Bank of America Corp and UBS are trying to focus on basic lending and wealth management services.

Terming the impact of the epidemic on India, whose exim trade with China is worth USD 115 billion in 2019, a report by Crisil on Thursday said it could be a mixed bag in the base case scenario of the virus finding its way out by next month as the winter f...

The problem is that supervision demands active monitoring and accountability from the government department or regulatory body, he said, adding this creates a perverse incentive to keep adding more top-down regulations regardless of their effectiveness, h...

The order is part of government's Public Procurement (Preference to Make in India) order 2017 which envisages to source domestically manufactured products to encourage 'Make in India'.

At 3:17 pm, SpiceJet shares were trading at Rs 87.80 apiece, up 4.5%, after hitting the day’s high of Rs 89.70.

At 10:33 am, the benchmark BSE Sensex was trading up 185.15 points, or 0.45%, to 41,079.53, while the Nifty 50 index was up 57.10 points, or 0.48%, to 12,049.60.

The IPO comprises a fresh issue of shares worth Rs 275 crore and an offer-for-sale of up to 98,22,947 equity shares.

Chairman S C Khuntia also said that there is nothing for the life insurance industry to worry for the time being with regard to government's move on certain income tax exemptions as the alternative to invest still exists.

The stock’s performance has been flat in the last one year, inching up just 2% during the period compared with an over 13% rise in the benchmark Nifty 50 index.

Vodafone Idea Ltd shares plunged 16% after CARE Ratings downgraded its rating of the company’s non-convertible debentures (NCDs) and long-term bank facilities.

With a weak economy and depressed credit growth reinforcing each other, Moody's said it is difficult to envision a quick turnaround of either, even if economic deceleration may have troughed.

Ashima Goyal, a part-time member of the Economic Advisory Council to the PM, also said that it was a "surprise" not to have a mention of the word 'slowdown' in the nearly three-hour long speech by FM Nirmala Sitharaman.