Investing

The S&P BSE Sensex and NSE Nifty 50 indexes resumed their up move after a day's pause in the previous session led by gains in information technology, banking and telecom shares. The benchmarks opened higher but turned negative as banking shares witnessed selling pressure. However, late buying in banking and financial services shares led to recovery in the last...

Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the U.S presidential election, offering some certainty after days of conflicting reports about who might run the White House next term. Although current President Donald Trump said he would fight the results in court, Wall Streeters who offered...

World stocks fell further and oil headed for a double-digit weekly slide on Friday as jitters over a rising global COVID-19 infection rate and next week's US presidential election more than offset strong euro zone quarterly growth data. A strong central bank-fuelled bounce back from the initial pandemic slide earlier in the year has faltered this week, with concerns about an...

The Reserve Bank on Tuesday asked all lending banks and non-banking financial companies, to ensure that the scheme of waiver of interest on interest for loans up to ₹ 2 crore for the six-month moratorium period is implemented by November 5, as decided by the government. Last Friday, the government had announced the scheme for grant of ex-gratia payment of...

New guidelines set by insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) for medical insurance providers are set to come into force from October 1. The changes are aimed at making health insurance plans broader - covering more treatments - and more simplified. The new rules come at a time when the continuous spread of coronavirus pandemic...

India and Norway carried out a comprehensive review of their fast expanding relationship and resolved to further boost trade and investment ties. The two sides deliberated on a range of key issues today at a virtual meeting of the India-Norway Joint Commission which was co-chaired by External Affairs Minister S Jaishankar and his Norwegian counterpart Ine Eriksen Soreide. In a statement,...

Billionaire Mukesh Ambani-promoted Reliance Industries said on Tuesday that its retail arm, Reliance Retail Ventures, will sell a 1.2 per cent stake to Abu Dhabi Investment Authority (ADIA) for ₹ 5,512.50 crore. The deal gives Reliance Retail Ventures a pre-money equity value of ₹ 4.29 lakh crore, the conglomerate said in a press release. The transaction, latest in a...

The S&P BSE Sensex and NSE Nifty 50 indexes rose for third session in a row led by rally in Tata Consultancy Services which rose after it informed exchanges that its board will consider share buyback proposal on October 7, the day it will declare its second quarter earnings. The Sensex rallied as much as 567 points to briefly...

Eight of the 10 most valued companies added Rs 1,45,194.57 crore in their total market valuation last week with Tata Consultancy Services and HDFC Bank emerging as leading gainers. During the holiday-truncated week, the Sensex advanced 1,308.39 points or 3.49 per cent. The market valuation of Tata Consultancy Services (TCS) zoomed Rs 37,692.7 crore to Rs 9,46,632.85 crore, emerging as the...

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors -- Singapore's sovereign wealth fund GIC and Global alternative asset firm TPG -- by selling a stake in group's retail arm. Through two separate deals, Reliance Industries will sell 1.63 per cent stake in Reliance Retail Ventures Limited (RRVL). GIC will invest Rs 5,512.5...