Currencies

The S&P BSE Sensex and NSE Nifty 50 indexes rose for an eighth session in a row on Wednesday as benchmarks clocked new record highs during the day. The Sensex rose as much as 431 points to hit a new record high of 43,708.47 and Nifty 50 index made a new all-time high of 12,769.75. Infosys, HDFC, Kotak Mahindra...

Four years after demonetisation, cash is majorly still used for low-value transactions such as buying groceries and making payments to domestic staff. According to a latest survey conducted by community social network LocalCircles, the top categories of purchases for which citizens paid the most amount in cash without a receipt were grocery (for 39 per cent respondents), and salaries...

The S&P BSE Sensex and NSE Nifty 50 indexes rallied for a fifth session in a row on Friday led by strong gains in Reliance Industries, HDFC, HDFC Bank, Infosys, Kotak Mahindra Bank and ICICI Bank. The benchmarks opened higher and extended gains in noon deals on the back of strong buying interest in banking and financial services shares....

Reliance Industries Ltd. on Thursday said that the Public Investment Fund (PIF) of Saudi Arabia will invest ₹ 9,555 crore for an equity stake of 2.04 per cent in Reliance Retail Ventures Limited (RRVL) valuing the company at ₹ 4.59 lakh crore. "This investment will further strengthen PIF's presence in India's dynamic economy and promising retail market segment," the...

The rupee depreciated 30 paise to 74.40 against the US dollar in opening trade on Monday tracking muted domestic equities and strong American currency amid global risk aversion. The local unit opened at 74.40 at the interbank forex market, down 30 paise over its last close. On Thursday, the rupee had declined further by 23 paise to close at a two-month...

Domestic stock markets nosedived on Wednesday on the back of weak global cues after European equity markets fell sharply as coronavirus infections grew rapidly in Europe and the United States, igniting fears of possible strict lockdown measures that could damage already fragile economic recoveries. Uncertainty over the impending US presidential election also weighed on investors' sentiment. The BSE benchmark...

Future Retail will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singapore arbitrator while arguing against Amazon.com Inc's bid to scupper the deal, a legal order seen by news agency Reuters showed. Amazon on Sunday won an injunction from a Singapore arbitrator to halt Future Retail's deal to sell assets to...

Angel Broking shares gained 20 per cent in intra-day trading after the retail broking house reported the highest-ever quarterly profit, at ₹ 74.47 crore, in the second quarter ended September 2020. At 1:00 pm, the shares were trading higher by 19.30 per cent at ₹ 296.65 on the BSE, after touching an intra-day high of ₹ 298.35. But after...

The government on Saturday extended the due date for furnishing annual GST or goods and services tax returns for financial year 2018-19 by two months. The new deadline is December 31, instead of October 31. This is applicable to businesses filing annual returns as well as audit reports for the year to March 31, 2019. Earlier, the taxman had...

Domestic stock markets fell on Thursday tracking weakness in broader Asian equities, as investors fretted over the slow pace of US stimulus talks and an increase in the global spread of coronavirus pandemic. The S&P BSE Sensex index fell 316.1 points - or 0.78 per cent - to 40,391.21 at the weakest level of the day, as losses in...