Currencies

Bajaj Finance on Wednesday reported a net profit of ₹ 964.88 crore in the July-September period, marking a fall of 35.94 per cent compared to the corresponding period a year ago. In a regulatory filing, the non-banking financial company said its total income came in at Rs 6,523.29 crore in the second quarter of current financial year, up 3.17 per cent...

India's exports increased 5.99 per cent year-on-year to USD 27.58 billion in September, according to the government data released on Thursday. Exports stood at USD 26.02 billion in September 2019. The country's imports declined 19.6 per cent to USD 30.31 billion in September. It was USD 37.69 billion in the same month last year. The trade deficit in September was USD 2.72...

Hong Kong's central bank has sold more of its local currency so far this year than it did in any full year since the global financial crisis, in a bid to stop the unit strengthening and breaking its peg with the greenback. Capital has flown into the Asian financial hub in 2020, initially due to comparatively high interest rates, and...

In order to stimulate consumer demand in the economy the government on Monday announced Special Festival Advance scheme wherein all the central government employees will be eligible for an interest free loan of ₹ 10,000 which they will have to utilize on festival related spending up to March 31, 2021. The loan will be given to central government employees by...

Equity benchmark Sensex jumped over 100 points in opening trade on Friday ahead of the Reserve Bank of India's monetary policy decision. The 30-share index was trading 103.44 points or 0.26 per cent higher at 40,286.11, and the NSE Nifty rose 34.85 points or 0.29 per cent to 11,869.45. Tata Steel was the top gainer in the Sensex pack, rising around...

Domestic equity benchmarks staged their best winning streak of 2020 as benchmark indices extended gains to a seventh straight session on Friday, after the Reserve Bank of India announced a series of measures to boost liquidity in the banking system. The S&P BSE Sensex index rose as much as 390 points and the broader NSE Nifty 50 benchmark reclaimed...

Tata Consultancy Services (TCS) - the country's largest software services company - on Wednesday announced a buyback of shares worth up to ₹ 16,000 crore. The buyback comes at a time when TCS parent Tata Sons is engaged in a fight with one of its oldest shareholders, the Shapoorji Pallonji Group, which recently said "a separation from the Tata...

Tata Consultancy Services (TCS) - the country's largest software services company - on Wednesday announced a buyback of shares worth up to ₹ 16,000 crore. The buyback comes at a time when TCS parent Tata Sons is engaged in a fight with one of its oldest shareholders, the Shapoorji Pallonji Group, which recently said "a separation from the Tata...

Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion. Days after the Comptroller and Auditor General (CAG) flagged that the Centre in the first two years of the GST implementation wrongly retained GST compensation cess that was meant...

The rupee depreciated 26 paise to 73.83 against the US dollar in opening trade on Thursday as selloff in domestic equities and significant foreign fund outflows weighed on investor sentiment. At the interbank forex market, the rupee opened on a weak note at 73.82, then fell further to 73.83, registering a fall of 26 paise over its last close. On Wednesday,...