Business

China's central bank has cut one of its key interest rates for the second time in three months as the world's second-largest economy struggles to bounce back from the Covid-19 pandemic

Nifty ended higher on Monday aided by buying across metals, power and IT stocks, Deepak Jasani, Head of Retail Research, HDFC Securities

Equity benchmark indices Sensex and Nifty closed higher on Monday after two days of decline, supported by buying in index majors Infosys, ITC and Bajaj Finance

Majority of companies plan to recruit people, including as new and replacement hires, in the second half of 2023, a survey.

This could be attributed to good performance in the domestic equity markets as well as strong net inflows from foreign portfolio investors

The rupee depreciated by 2 paise and settled for the day at an all-time low of 83.12 (provisional) against the US dollar on Monday

Bollywood actor Sunny Deol has offered to settle all outstanding dues, prompting state-owned lender Bank of Baroda to drop auction proceedings for the property

The shares were restricted by the lower circuit of 5 percent, settling at Rs 251.75 on the BSE.

The government on Sunday announced it will procure an additional 2 lakh tonnes of onion in order to maintain a total buffer stock of 5 lakh tonnes

Indian stock indices faced a week of susceptibility caused by unfavorable global and domestic signals, coupled with investor inclination towards safer assets such as the US dollar.

In 2018, the volume of UPI transactions was 374.63 crore, a figure that surged by 1,876 percent to reach 7,403.97 crore in 2022.

FDI is allowed in the marketplace model of e-commerce, while it's prohibited in the inventory-based model under government regulations.

Bharti Airtel's market capitalisation (mcap) fell by Rs 8,081.38 crore to Rs 4,78,730.70 crore and that of State Bank of India dipped Rs 1,026.33 crore to Rs 5,11,424.89 crore.

CBDT on August 18 notified amendments to the Income Tax Rules for valuing perquisites of rent-free or concessional accommodation by employers to employees

The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market

Titan announced the acquisition of an additional 27.18 per cent stake in its subsidiary CaratLane, taking its total holding to 98.28 per cent.

In the previous reporting week, the overall reserves had declined USD 2.417 billion to USD 601.453 billion

The company reported that over 100,000 consumers in the country pre-booked the foldable devices within the initial 28 hours.

Mahindra & Mahindra Ltd on Friday said it has been imposed a penalty of over Rs 14.3 lakh for incorrect input tax credit availed during the transition from the excise regime to the GST regime.

The 30-share BSE Sensex was down 297.62 points to 64,853.40. The NSE Nifty dipped 88.75 points to 19,276.50.

At the interbank foreign exchange, the domestic unit opened at 83.03, then touched a high of 83.02 against the American currency, registering a rise of 7 paise over its last close.

The Indian rupee experienced a decline due to the dollar index surpassing 103.5; however, likely intervention from the RBI offered a degree of support

Bajaj Markets, a subsidiary of Bajaj Finserv, in partnership with top lenders, grants access to gold loans with attractive interest rates starting from 8.88% p.a.

On the Multi Commodity Exchange, gold contracts for October delivery traded lower by Rs 166 or 0.28 per cent to Rs 58,515 per 10 grams in a business turnover of 13,537 lots.