X

Business

Rupee falls below 70, recovers

The rupee breached the psychological barrier of 70 to the dollar on Tuesday but quickly turned around on the back of RBI support and recovery in the Turkish lira, which had been responsible for the turmoil in the currency market.
Our Special Correspondent Aug 15, 2018 00:00 IST

Hands-off policy cue

India may allow the rupee to fall and would only intervene to check any extreme volatility as the tumble of the Turkish lira roils emerging markets, finance ministry officials said.
Our Special Correspondent Aug 15, 2018 00:00 IST

RBI frowns upon Kotak stake move

The Reserve Bank of India has said the recent stake dilution by Kotak Mahindra Bank's founder Uday Kotak does not meet its regulatory norms on the same, something the private sector lender contested.
Our Special Correspondent Aug 15, 2018 00:00 IST

JSW ups ante in BPSL race

Sajjan Jindal's JSW Steel has made the highest offer for Bhushan Power and Steel Ltd (BPSL), topping the bids of rival Tata Steel and Liberty House of the UK.
Our Special Correspondent Aug 15, 2018 00:00 IST

Texmaco eyes rail automation

Adventz group firm Texmaco Rail and Engineering is bullish on growth prospects across business verticals as it plans to double revenues in 2018-19.
A Staff Reporter Aug 15, 2018 00:00 IST

Trade gap widens

The country's trade deficit has widened to a more than five-year high of $18.02 billion in July, driven largely by a surge in oil and gold imports.
Our Special Correspondent Aug 15, 2018 00:00 IST

Wholesale price trend

Wholesale inflation has eased to 5.09 per cent in July on account of cheaper food articles, especially fruits and vegetables. WPI inflation was recorded at 5.77 per cent in June. In July 2017, it was at 1.88 per cent.
Our Special Correspondent Aug 15, 2018 00:00 IST

AllBank loss at Rs 1944cr

Allahabad Bank has suffered a loss of Rs 1,944.37 crore in the June quarter against a profit of Rs 28.84 crore a year ago.
A Staff Reporter Aug 15, 2018 00:00 IST

Sun pops profit pill

Sun Pharmaceutical Industries (Sun Pharma) on Tuesday topped Street estimates to post a net profit of Rs 983 crore for the first quarter ended June 30 on the back of higher sales in the US.
Our Special Correspondent Aug 15, 2018 00:00 IST

Turkish crisis batters rupee

The rupee on Monday plummeted to a lifetime low of 69.93 as it fell prey to the weakness spreading in emerging market currencies from the crisis in Turkey and its currency lira.
Our Special Correspondent Aug 14, 2018 00:00 IST

July retail inflation lower at 4.17%

Retail inflation, measured by the Consumer Price Index, stood at 4.17 per cent in July compared with 4.92 per cent in June, according to data released by the Central Statistical Organisation.
Our Special Correspondent Aug 14, 2018 00:00 IST

Opinion

More Top Stories

Back to top icon