Sensex opens 50 points higher, Nifty above 10,900

Mumbai (IANS): The Sensex on Friday opened 50 points higher while the Nifty reclaimed the 10,900 mark following gains in the other Asian markets.

Third quarter earning outcomes from index heavyweights such as Maruti Suzuki and Larsen and Toubro…

SC upholds insolvency code, set back for operational creditors

New Delhi (IANS): The Supreme Court on Friday upheld the Insolvency and Bankruptcy Code 2016 (IBC) in its entirety and constitutional validity, causing a setback to operational creditors who include Suppliers, customers and contractors.

A bench…

Mauritius PM inaugurates SBM Bank (India) Ltd in Mumbai

Mumbai (IANS) Mauritius Prime Minister P.K. Jugnauth inaugurated the SBM Bank (India) Ltd, which becomes the first foreign bank in India that was granted the Reserve Bank of India (RBI) licence to operate as a wholly owned subsidiary, an official…

CBI books V.N. Dhoot, Chanda Kochhar; raids in Videocon-ICICI Bank loan case

Mumbai (IANS): In a significant development, the CBI on Thursday lodged an FIR against ex-ICICI Bank chief Chanda Kochhar and her husband Deepak Kochhar and industrialist V.N. Dhoot besides four companies, and raided four locations in Maharashtra…

India's GDP likely to grow 7.4% this fiscal, at 7.6% in 2019-20: UN Report

New Delhi (IANS): The Indian economy is expected to grow at 7.4 percent in the current fiscal and its GDP growth will rise to 7.6 percent in 2019-20, before tapering down to 7.4 percent in 2020-21, according to a UN report released on Wednesday.

China imposes anti-dumping duty on Indian chemical import

Beijing (IANS): China has imposed anti-dumping duty on Indian and Japanese ortho-dichlorobenzene (ODCB) which will be effective from Wednesday.

The Chinese Commerce Ministry on Tuesday said the Chinese market had suffered damage due to the…

Sensex ends 336 points lower led by sell-off in ITC

Mumbai (IANS) After a largely choppy trade session for the better part of Wednesday the Sensex closed 336 points lower owing to the last hour selling in index heavyweight ITC, which missed estimates in its quarterly result.

ITC lost over…

Reliance among top 250 world retailers in 2017: Deloitte

Mumbai, Jan 23 (IANS) The global retailing industry saw record growth in revenue in 2017 with the top 250 companies increasing their revenue by over 83 per cent, according to the latest report by a professional services multinational that said…

India to be global growth leader in 2019-20: IMF

United Nations (IANS): The International Monetary Fund's (IMF) World Economic Outlook Update released by chief economist Gita Gopinath on Monday said that India's economy is expected to grow by 7.5 percent in the 2019-20 fiscal year,…

Sun Phrama stocks jump 5% after clarifications

Mumbai (IANS): Drug major Sun Phrama's shares gained over 5 percent during Tuesday's morning trade session after clarifications by the company on various issues including its dealing with Suraksha Realty.

At 10.48 a.m, its stocks…