The key Indian equity indices traded in the red on Thursday morning with the BSE Sensex trading over 130 points lower. Heavy selling pressure was witnessed in the healthcare stocks. Auto and banking stocks also were largely on a negative note. Around 10.35 a.m. Sensex was trading at 40,572.83, lower by 134.48 points or 0.33 […]
The Reserve Bank of India will announce the monetary policy on October 9 as the Monetary Policy Committee (MPC) will meet during October 7-9. The announcement by the Central bank comes after the government filled the vacancies of three external members in the committee. “The next meeting of the Monetary Policy Committee (MPC) is scheduled […]
With the SP Groups exit, the Tata group will no longer remain the same and will be compelled to reduce its equity holding in TCS, pledge equity of its listed companies against debt or allow an outside investor in Tata Sons. Corporate governance firm, IIAS said that providing an exit to the Shapoorji Pallonji Group […]
The key Indian equity indices pared initial losses on Monday morning, to trade marginally higher amidst choppy trade. IT stocks witnessed healthy buying, while auto and telecom stocks witnessed heavy selling pressure. Around 10.40 a.m., Sensex was trading at 38,940.06, higher by 94.24 points or 0.24 per cent from its previous close of 38,845.82. It […]
The total number of novel coronavirus cases in the country surged past 9,000 on Monday and the death count reached 308, said Union Ministry of Health and Family welfare. “Total number of confirmed cases of novel coronavirus are 9,152,” the Health Ministry said in an 8 a.m. update. There are at least 938 new cases […]
British travel giant Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed, the media reported on Monday. The UK Civil Aviation Authority (CAA) said the tour operator has “ceased trading with immediate effect”, the BBC reported. The CAA said in a statement on Sunday night: “All Thomas Cook bookings, […]
The Sensex on Wednesday opened slightly higher above the 39,000 mark as result of several corporate biggies were awaited. Corporate earnings of companies like Yes Bank, Wipro and Mindtree will be announced later in the result-heavy day. At 9.17 a.m., the Sensex was down 45.84 points at 39,085.20, while the broader Nifty was at 11,661.10, […]
The Federal Court has made orders that Colgate-Palmolive Pty Ltd (Colgate) pay total penalties of $18 million for contraventions of the Trade Practices Act 1974 (now called the Competition and Consumer Act 2010) (the Act), following admissions by Colgate in proceedings brought by the Australian Competition and Consumer Commission. Colgate admitted to entering understandings which […]
Profit booking, coupled with heightened chances of a US rate hike and a weak rupee subdued the Indian equity markets during the early morning trade session on Monday. Consequently, the barometer 30-scrip sensitive index (Sensex) of the BSE traded marginally in the red. The wider 50-scrip Nifty of the National Stock Exchange (NSE) traded flat. […]
Chandigarh, India and France committed themselves to closer ties, especially in business and combating terrorism, just hours after French President Francois Hollande began his three-day visit to India here on Sunday and Prime Minister Narendra Modi broke protocol to welcome him. Addressing the India-France Business Summit, Modi said India and France had huge potential to […]