Business

Prince Pipes and Fittings made a weak debut on exchanges today and was trading at a discounted price of Rs 176.95 against the issue price of Rs 178.

HDFC Bank's market cap plunged Rs 11,666.10 crore to Rs 6,98,266.18 crore and that of Tata Consultancy Services (TCS)tanked Rs 9,155.82crore to Rs 8,24,830.44 crore.

The Department of Revenue will soon notify RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR), the finance minister said.

The country's GDP slowed to a six-year low of 4.5 per cent in the second quarter of FY20, forcing the RBI to slash its growth forecast by 240 basis points to 5 per cent for the fiscal in its December monetary policy review.

Axis Bank was the top gainer in the Sensex pack, climbing 3.33 per cent, followed by PowerGrid, SBI, Bharti Airtel, ICICI Bank, Reliance Industries and Maruti.

The two aircraft and a yacht are assets belonging to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the cooperative lender.

While disinvestment-bound Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is over Rs 60,000 crore.

Bharti Airtel was the top loser in the Sensex pack, dropping 2.23 per cent, followed by Reliance Industries, L&T, Sun Pharma, HDFC Bank, Maruti, Titan and Kotak Bank.

Earlier this month, the National Company Law Tribunal (NCLT) had directed the CoC to expedite their decision on seeking fresh EoIs in view of new interest being shown for the grounded airline.

Spot gold for 24 Karat in Delhi was trading higher by Rs 187 with rally in international prices and rupee depreciation, HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

Armed with the new Motor Vehicles Act, e-tolling and instruments like InvIT, for Road Transport and Highways Minister Gadkari 'funds have never been a problem or will be a problem' when it comes to highways or infrastructure building.

With the technology-enabled disruption continuing to play its part, companies have become far more discerning in terms of hiring and there is a marked shift in their focus towards making the best of the available human resources.

Anand Mahindra will serve as a “mentor” in his new role as non-executive chairman of the board.

Digital Marketers emerged as the highest paid functional role for senior professionals, with an average annual CTC of Rs 35.65 lakh.

The NBCC's resolution plan has been approved by the Committee of Creditors (CoC) with 97.36 per cent voting.

SIA will be the first international carrier to deploy the Dreamliner to Chennai, a release said on Monday.