Business

ICICI Bank surged nearly 7 per cent despite a slump in Q4 net profit due to a sharp rise in provisions for bad loans.

The rupee opened higher at 66.82 as against last Friday's closing level of 66.87 per dollar at the inter-bank foreign exchange in Mumbai, even as domestic markets witnessed sudden bouts of volatility.

Buffett's increased stake, which was confirmed by a representative of the billionaire investor, pushed Apple's shares up as much as 4.2 percent to $184.25, taking the company's market value to about $906 billion.

US retail giant Walmart Inc is in advanced talks with Flipkart to acquire a controlling stake of more than 51 percent in the Bengaluru-based e-commerce firm at a valuation of at least $18 billion, sources said.

The managing director and chief executive of the second largest private sector lender, however, did not make any comments at the short public appearance at the BSE.

In a disclosure filing to the National Stock Exchange of India, IndiGo said that Ghosh's exit from the post of president of the company will be effective from July 31 and as a director of the company with effect from April 26.

Indus Towers currently operates in 15 telecom service areas or circles while Bharti Infratel's operations are focused on the remaining 7 circles.

Asian shares fell across the board, following an overnight drop in US stocks. Rising US bond yields and crude oil prices too worried investors.

The revised offer of the Malaysian firm comes two days ahead of a meeting of Fortis Healthcare Ltd (FHL) board to consider recommendation by an expert advisory panel formed to finalise evaluation process of only binding offers.

Reliance Industries was the top gainer in the Sensex pack, surging 3.70 per cent, while the BSE Energy index outperformed all other sectoral indices by a wide margin.

Bloomberg, in a CBS interview, did not commit to provide funds beyond this year and said he hopes by next year Trump will have changed his mind.

Under 'Mission Gandhigiri', a recovery mechanism launched by PNB in May 2017, a team visits the borrower's office or residence and sits there silently. Currently, there are 1,144 field staff members who are driving the mission.

The implementation of the Goods and Services Tax (GST), despite a bumpy road, is going to help secure the solidity of foundation of public finances, David Lipton, the International Monetary Fund (IMF)'s First Deputy Managing Director, told PTI.

US Assistant Trade Representative (USTR) Mark Limscott was in New Delhi for talks last week providing India the first opportunity to put across its case for an exemption along the lines of the ones the US has allowed to Argentina, Australia, Brazil, Canad...

None of the 11 A320 Neo planes fitted with P&W engines which were taken out of operation due to the engine glitches are now on ground. All these planes are back into service, an IndiGo official said on Sunday.

The tax department had previously seized Rs 666 crore of dividends due to Cairn from its 4.95 percent residual holding in Vedanta Ltd. It has also refused to pay tax refund of Rs 1,594 crore due to Cairn as a result of overpayment of capital gains tax to...