Business

Manufacturing growth had slumped to 0.6% in the first quarter of the current fiscal year from 3.1% in the fourth quarter of 2018-19.

But the higher production would add to already swelling inventories, potentially forcing world's second-biggest wheat producer to ramp up procurement of the grain from farmers and provide incentives for overseas sales to support local prices.

After touching its lifetime high of 41,163.79 during the day, the 30-share Sensex rose by 109.56 points or 0.27 per cent to end at a fresh closing peak of 41,130.17.

If the latest figure for expansion of gross domestic product is 4.7% or less, the quarter will have registered the slowest expansion in 26 quarters, since 4.3% in January-March 2013.

Nirmala Sitharaman, while speaking in the Rajya Sabha, said the auto sector is among the industries that are facing headwinds but have responded to the challenges.

The BSE Sensex index was forecast to rise another 6.7% to 43,645 by end of next year from Monday's close of 40,889. It has gained over 13% in the past two months and repeatedly set record highs after the Centre announced several measures.

Forex traders said easing crude oil prices also supported the domestic unit. At the interbank foreign exchange the rupee opened at 71.43, then gathered momentum and touched 71.40 against the US dollar, registering a rise of 10 paise over its previous clos...

Under the 'Verified Milk Vendors Scheme', milk vendors can voluntarily register through online registration portal and would be provided photo-identity card and properly calibrated lactometer.

On the BSE, shares of the company rose 4.55 per cent to 69 paise apiece. Similarly, the stock advanced 6.67 per cent to 80 paise on the NSE.

Last year, Khan market was at 21st place with a rent of USD 237 per sq ft a year.

The new management of the company, soon after the fraud came to light, had on August 30 expressed desire to restate financial accounts for last five years and it will now expedite the process.

The government in September had asked state-run banks to step up lending and hold outreach programmes or loans melas in 400 districts to lend to desirable shadow banks and retail borrowers.

Tata Steel was the top loser in the Sensex pack, dropping 3.35 per cent, followed by Bharti Airtel down 2.52 per cent, Yes Bank 2.43 per cent, ONGC 1.98 per cent and ITC 1.96 per cent.

Pyridine is an organic compound used as an important raw material and solvent in the production of pesticides, drugs, animal feed, food additives and other chemicals.

The clarification on Tuesday came in the backdrop of reports last week that had given 'an impression that a fresh whistleblower complaint has been made against the CEO of the company'.

In a letter to Finance Minister Nirmala Sitharaman, Marathe also suggested that a broad-based committee should be set up to prepare a vision document and a road map for the cooperative banking sector.