Business

American brokerage Morgan Stanley, has said that the rise in inflation in the second half of the year which the RBI's lowered estimate also expects, may also result in a "shallow rate hike" cycle from October-December.

The 30-share BSE Sensex rose by 91.52 points to end at 34,192.65 after hitting a high of 34,313.14 and a low of 34,103.53.

Prime Minister Narendra Modi in 2016 approved the constitution of BBB as a body of eminent professionals and officials to make recommendations for the appointment of Whole-time Directors as well as non-Executive Chairmen of PSBs.

Prime Minister Narendra Modi, who has ended subsidies on petrol and diesel, had raised fuel taxes to raise about 2 trillion rupees ($30.59 billion) in extra revenue in 2015/16.

Major gainers were TCS, Infosys, Tata Motors, ICICI Bank, and Wipro, rising up to 3 per cent. Losers include Dr Reddy's, SBI, Sun Pharma and Adani Ports, falling up to 2 per cent.

The deal was part of the six memorandum of understandings (MoUs) which Dhaka and New Delhi signed during a meeting between their Foreign Secretaries at State Guesthouse Padma in the capital, Xinhua news agency reported.

Punjab National Bank (PNB) MD Sunil Mehta said, PNB has enough resources and capability to meet the challenges posed by the fraud of this nature and the bank has mobilised roughly Rs 12,000 crore post September last financial year to carry forward its bus...

Acting on a complaint of Sandhya Dyes & Chemicals, the Directorate General of Anti-Dumping and Allied Duties (DGAD) had carried out a probe into the imports of the chemical to ascertain if the shipments were causing injury to the domestic manufacturer of...

Its bi-monthly policy review in February, RBI had projected inflation in the 5.1-5.6 per cent range in the first half of 2018-19.

"The linkage of Aadhaar and DBT has helped government save close Rs 83,000 crore. We have linked 437 scheme under DBT. We have knocked off 2.7 crore fake ration card," Amitabh Kant said.

The dollar weakened against other global currencies as China imposed extra tariffs on US products, escalating a dispute between two of the world's biggest economies, and supporting the domestic unit here, a currency dealer said.

From Sunday, businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over Rs 50,000 from one state to another.

Petrol in the national capital now costs Rs 73.73 a litre, the highest since September 14, 2014 when rates had hit Rs 76.06. Diesel price at Rs 64.58 is the highest ever, with previous high of Rs 64.22 being on February 7, 2018.

A large number of imported items, including mobile handsets, cars and motorcycles, fruit juices, perfumes, footwear, wrist watches and sunglasses will become costlier. Meanwhile, petrol, diesel and imported raw cashew nuts will become cheaper with the gov...

In the voluminous preliminary information memorandum, the civil aviation ministry has cited various 'key investment highlights' for the two carriers, including about slots.

ICICI Bank Board described certain reports against CEO and MD Chanda Kochhar regarding credit disbursement to Videocon Group as "malicious and unfounded rumours".