Business

The 30-share Sensex rose 138.06 points, or 0.36 per cent, to 38,828.16 in early trade, after hitting a low of 38,611.46 at the outset. It lost 206.53 points in the previous two sessions.

Rupee logged its biggest single-day drop since August 13 when it nosedived 110 paise or 1.6 per cent

The merger of six associate banks and Bhartiya Mahila Bank (BMB) with State Bank of India (SBI) came to effect from April 1, 2017 resulting into increase in size and valuation of the bank.

The bank's gross NPAs or bad loans as on June end stood at Rs 82,889 crore -- 18.26 per cent of the gross advances

The committee also suggested exemption of 3 per cent Integrated Goods and Service Tax (IGST) to be paid by exporter on line with custom duty with a provision of bank guarantee.

The shares of Larsen & Toubro opened on a bullish note at Rs 1,300 then surged further and touched a high of Rs 1,319.65, up 6.39 per cent, over its previous closing price.

Musk opened up to the newspaper about the personal toll he says he has endured, working marathon hours trying to ensure that deadlines are met, with Tesla ramping up production of its crucial Model 3 sedan.

The US dollar strengthened against the world currencies after the Turkish Lira dived almost 8 per cent, sparking a sell-off in global markets.

In the financial sector, SBI lead the chart with 47 per cent respondents considering it to be the most patriotic brand, followed by LIC with 16 per cent.

The already embattled Turkish lira tumbled some 16 percent against the dollar on Friday as US President Donald Trump said he had doubled steel and aluminium tariffs on Turkey.

The top court also allowed the Reserve Bank of India (RBI) to direct the banks to initiate separate insolvency proceedings against JIL's holding company Jaiprakash Associate Limited (JAL).

Though there are no official estimates of such money stashed in foreign countries a tax demand of Rs 5,447 crore has been made in HSBC undisclosed income of Rs 8,448 crore, Goyal said .

While a part of this unclaimed money belongs to employees who have either passed away or have completely forgotten about it, a large chunk belongs to those from rural areas who are illiterate and do not know their date of births recorded anywhere.

The stock listed at Rs 1,739, registering a sharp gain of 58 per cent from the issue price on BSE. Later, the stock was trading at Rs 1,806.10, rising sharply by 64.19 per cent.

According to Tech Mahindra Chief Financial Officer, Manoj Bhat, the company has already hired about 1,800 fresh graduates in the first quarter of the ongoing fiscal.

Major gainers were Kotak Bank, ONGC, Axis Bank, HDFC, Yes Bank, RIL, TCS, M&M, Sun Pharma, Power Grid, Vedanta, Tata Motors, Adani Ports, Maruti Suzuki, SBI, NTPC, Coal India, Bajaj Auto, HDFC Bank and Tata Steel, rising up to 2 per cent.