Business

This statement comes after the company had on September 17 said that Reliance Services and Holdings Ltd (controlled by Petroleum Trust) has acquired 17.18 crore or 2.71 per cent stake in the company 'pursuant to a scheme of arrangement not directly involv...

The EPFO has been settling EPF withdrawal claims at 8.55 per cent interest rate, approved for 2017-18. Now, the EPFO will settle accounts on higher rate of 8.65 per cent for 2018-19.

At 3:17 pm, shares of Yes Bank were trading at Rs 54.35, down 15.2%, after hitting an intra-day low of Rs 53. The Yes Bank stock has plunged more than 82% in the last one year.

The removal of five per cent custom duty would also help to reduce the price of TV panel by around three per cent.

A ban on certain plastics from October 2 will come just weeks ahead of big festivals for which business plans are laid out far in advance.

Crude oil benchmark, Brent Futures, surged by almost 20 per cent to USD 71.95 per barrel (intra-day) on Monday after twin drone attacks on Saturday wiped out more than half of Saudi Arabia's crude supply.

Nirmala Sitharaman had set a disinvestment target of Rs 1.05 lakh crore in July for fiscal year 2019-20, raising it from an earlier target of Rs 90,000 crore that interim finance minister Piyush Goyal had set in the interim Budget on February 1.

Saudi Arabia is India's top oil supplier after Iraq. In January-July, it supplied 788,200 barrels per day of oil to India.

The selling price comes out to be around Rs 32 crore per acre. American Express will develop a large campus on this land parcel, which is located in Sector 74A, known as New Gurgugram.

The proposed move assumes significance in the wake of several auditors decided to exit from their audit mandate after certain listed companies failed to take remedial actions despite financial wrongdoings having been flagged in their auditors' observation...

At the Interbank Foreign Exchange, the rupee opened at 71.82 then fell to 71.84 against the US dollar, showing a decline of 13 paise over its previous closing.

The sum total of India's furniture, electronic appliance and two-wheeler rental markets is roughly at $ 1.5 billion, close to 7 per cent of India's total market cap.

Under the new scheme, EHL has proposed to capitalise free reserves of Equitas Small Finance Bank (ESFB) and issue shares of the subsidiary to its shareholders without cash consideration.

Traders are hoping that the government this week may address concerns of the automobile industry by reducing goods and services tax (GST) for the sector.

FPIs have remained net sellers for the previous two months, pulling out Rs 5,920.02 crore in August and Rs 2,985.88 crore in July from the domestic capital markets (both equity and debt).

Lower imports by the world's second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, but help the south Asian country in bringing down the trade deficit and supporting rupee.