New Delhi: Shipping Minister Nitin Gadkari took a study tour of the famous inland waterways system on the Mississippi river in the US, as his ministry gears up for a similar transportation network on rivers such as the Ganga, Brahmaputra and Mahanadi. The inland waterways system on the Mississippi river has 40,000 km of navigable […]
Mumbai: Technology stocks took a hammering in the wake of muted guidance from Infosys, which pulled down the benchmark Sensex 106 points below the 28,000 mark at the close, while a ‘terror attack’ in France kept the market on the edge. The IT index bore the brunt after Infosys slashed its full-year revenue guidance, which […]
Mumbai: The rupee on Thursday firmed up by another 14 paise to close at a fresh one-month high of 66.91 on persistent selling of the American currency by banks and exporters in view of firm equities amid weakness of dollar in the overseas market. Good foreign capital inflow also boosted the rupee value against the […]
London: Gold today dropped to a two-week low as equities gained on the outlook for more central-bank stimulus, curbing demand for the metal as a haven. Gold fell 1 per cent to USD 1,328.76 an ounce. Prices earlier touched USD 1,324.75, the lowest since July 1. Global stocks are near the highest this year. While […]
Mumbai: In a session that was marked by fluctuations, the benchmark Sensex ended almost unchanged as it closed in the green for the third consecutive day amid foreign inflows and rising global indices. But investors were decidedly cautious as the valuation of several stocks appeared stretched in view of the recent rally. They were seen […]
Mumbai: The rupee today recovered by 13 paise to close at one-month high of 67.05 a dollar on fresh selling of the American currency by banks and exporters in view of sustained inflows from foreign funds amidst weakness of dollar in the overseas market. The rupee opened higher at 67.10 as against yesterday’s closing level […]
Mumbai: Gold declined further at the domestic bullion market here today due to subdued offtake from stockists and traders. Elsewhere, silver recovered modestly by Rs 35 per kg on mild offtake from industrial units. Standard gold (99.5 purity) fell by Rs 70 to end at Rs 31,080 per 10 grams from Tuesday’s closing level of […]
New Delhi: Retail inflation inched up to a 22-month high level of 5.77 per cent in June on increase in food prices including that of key kitchen staples like vegetables and cereals. With inflation remaining at an elevated level and above the 5 per cent mark, Reserve Bank’s next monetary policy review in August would […]
New Delhi: The Special Investigation Team (SIT) on black money today held a meeting here and reviewed some high-profile tax evasion and money laundering probe cases including those related to bank frauds. The meeting was chaired by SIT Chairman Justice (retd) M B Shah with Vice Chairman Justice (retd) Arijit Pasayat. It is expected that […]
Mumbai: Stocks were on fire today as the Sensex rocketed 500 points to close at an 11-month high of 27,627 and the Nifty above 8,400 on across the board buying amid robust global cues after a solid US jobs report. It is the biggest single-day gain in over a month for the Sensex. Sentiment moved […]