Currencies

India's gross domestic product (GDP) contracted 7.5 per cent in the July-September period, as the economy rebounded from a record slump of 23.9 per cent in the previous quarter due to slowdown caused by the coronavirus pandemic. Friday's data confirms the economy's first technical recession - which is two consecutive quarters of GDP contraction - since 1996, when the...

The S&P BSE Sensex and NSE Nifty 50 indexes ended on a flat note in trade on Friday as investors awaited official release of Gross Domestic Product (GDP) data for second quarter of the current financial year due later today. The benchmarks for most part of the day traded in a range bound manner. The Sensex moved in a...

The S&P BSE Sensex and NSE Nifty 50 indexes resumed their upmove after a day's pause in the previous session, led by gains in metal, banking and financial services shares. The benchmarks staged a gap-up opening, but turned volatile in late-morning deals owing to expiry of November future and option contracts. However, late buying in banking shares lifted the...

The Union Cabinet on Wednesday approved a capital infusion of ₹ 6,000 crore by the government in the National Investment and Infrastructure Fund (NIIF), a sovereign wealth fund, over the next two years, Minister of Information And Broadcasting Prakash Javadekar said. The government would invest ₹ 2,400 crore in the NIIF during the current financial year ending in March that...

The government is likely to report a current account surplus at the end of the current financial year ending in March 2021, mainly led by a fall in imports, the chief economic adviser at the ministry of finance said on Monday. India's current account surplus rose to a record $19.8 billion in April-June as its trade deficit narrowed sharply, the...

The S&P BSE Sensex and NSE Nifty 50 indexes rose for second straight session on Monday led by gains in information technology, pharma and metal stocks. The benchmarks staged a gap up opening wherein the Sensex rose as much as 389 points and Nifty 50 index touched an intraday high of 12,969. However, due to weakness in banking stocks...

The rupee appreciated 11 paise to settle at 74.16 (provisional) against the US dollar on Friday (November 20) supported by a positive opening in the domestic equities and weakness in the American currency. At the interbank forex market, the domestic unit opened at 74.15 against the dollar, registering a rise of 12 paise over its previous close. It touched an intra-day high of...

Vodafone's European towers unit, which is currently gearing up for a stock market listing, on Tuesday said it expects pro forma adjusted core earnings of up to 540 million euros ($640 million) in its 2021 financial year.The mobile operator on Tuesday will detail the prospects for Vantage Towers, which will IPO in Germany, Vodafone's biggest market. Vantage will operate...

India's top retail trade body said on Sunday that sales during the country's Diwali festive period rose by more than 10 per cent year-on-year, indicating "good business prospects" for small businesses. The Confederation of All India Traders (CAIT), which claims to represent tens of millions of firms across the country, said that sales of its members during the one-month...

The rupee depreciated 9 paise to 74.45 against the US dollar in opening trade on Thursday, tracking muted domestic equities. The local unit opened at 74.44 against the greenback at the interbank forex market, then lost further ground and touched 74.45, down 9 paise over its last close. On Wednesday, the rupee declined by 18 paise to close at 74.36 against...