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Business

Sensex, Nifty hit all-time high as banks, Reliance gain

Indian shares scaled a record high on Thursday, led by banks and Reliance Industries, as COVID-19 vaccine developments globally and a slowing pace of virus spread at home supported sentiment.

India's economic contraction slows as vaccines boost recovery hopes

The contraction of the Indian economy eased off in the three months to September amid signs of a pick up in manufacturing, and economists expect a steady recovery next year if progress on coronavirus vaccines feeds consumer demand.

Raghuram Rajan Rips India Letting Corporates Float Banks. Says: "It's Bad Idea."

The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' The former central bankers cite the risks in letting businesses run banks.

Japan stocks end lower after Tokyo goes on highest virus alert

Japanese stocks fell for a second session on Thursday after Tokyo issued its most severe warning about a record daily cases of the coronavirus that raised concerns about further restrictions on the country’s economic activity.

Asia stocks edge higher after vaccine news. Wall Street hits record highs

Asian stocks held gains and moved tentatively further into record territory on Tuesday, after U.S. benchmarks were pepped up by news of another promising coronavirus vaccine, though futures indicated the rally could stall in European hours.

Microfinance industry grew by 31% in 2019-20, says report

NBFC-MFIs have grown loan accounts by 26 percent and average ticket size by 9 percent, according to Sa-Dhan's Bharat Microfinance Report.

Amazon accuses Future Retail of insider trading. Seeks Investigation

NEW DELHI - Amazon.com Inc has asked India's market regulator to investigate Future Retail Ltd for insider trading, a letter seen by Reuters showed. The Nov. 8 letter to Sebi alleges Future Retail disclosed to Reliance price sensitive details of an injunction granted by a Singapore arbitrator to block the deal.

Indian shares close at record high as Biden wins U.S. election

Indian markets closed at a record high on Monday as Democrat Joe Biden’s win in the U.S. election led to a weaker dollar, fuelling hopes for more fund inflows into emerging markets, with domestic IT stocks gaining after a report said the President-elect planned to ease policy on work visas.

Nifty, Sensex rise as factory data shows demand recovery; banks shine

Indian shares rose on Tuesday, as factory activity data from Asia’s third-largest economy signalled a recovery in demand after coronavirus-led disruptions, with banking and financial stocks supporting gains.

Mukesh Ambani loses $5 billion as oil sinks Reliance shares

Reliance’s oil refining unit has suffered a plunge in demand for transportation fuels, with Covid-19 forcing people to stay home. The conglomerate is in the midst of a transformation led by Ambani, 63, as he looks to turn the oil-and-petrochemicals giant into a technology and digital services company.

India's Vedanta, Hindalco among winners of country's coal mine auctions

India's Vedanta Ltd VDAN.NS and Hindalco Industries Ltd HALC.NS were among the first private companies chosen to operate coal mines in the country without end-use restrictions, the government said on Monday.

India's largest carmakers report increase in monthly sales

India’s largest carmakers posted strong monthly sales numbers on Sunday, signalling that demand could be returning to the country’s ailing economy during the festival period.

Future Retail says Amazon dispute order not binding on company

India’s Future Retail Ltd (FRL) said on Sunday that a Singapore arbitrator’s order in its dispute with Amazon.com Inc is not enforceable under Indian law and not binding on the company.

Wall Street 'fear gauge' logs largest weekly gain in about 4 months

The Cboe Volatility Index .VIX, Wall Street's "fear gauge," rose 0.4 points on Friday to finish the week near a more than 4-month closing high logged earlier this week, as U.S. stock indexes wrapped up their worst week since the March sell-off, amid jitters over next week's U.S. presidential election.

Shapoorji Pallonji Group stakes claim in all Tata companies, seeks division Harley-Davidson's Stunning E-Bike Coming Up Next Sensex, Nifty range-bound as earnings offset weak global cues Rs 3,600 crore recovered from Vijay Mallya, SBI-led consortium of banks tells Supreme Court Amazon wins arbitration order against Future's deal with Reliance Veggie burgers are still burgers, EU lawmakers rule U.S. economy's rebound sets up test of Fed's new pledge Raghuram Rajan warns against import substitution under Aatmanirbhar Bharat Swiss gold exports to Asia tumble as bullion flows to London A Geopolitical Time Bomb In Europe Delhi High Court Allows Yes Bank To Auction Singh Brothers’ Property With Riders Is Gold Market Going Back Into the 1970s? Centre's 'Atmanirbhar Bharat' campaign shouldn't result in protectionism, says Raghuram Rajan Shapoorji Pallonji Group gunning for court-monitored separation in Tata-Mistry case Crude oil futures gain 0.47% to Rs 2,983 a barrel in afternoon session Have just 1 car, sold jewellery to pay legal fees': Anil Ambani to UK court in Chinese loans case Modi govt’s reform of public banks a still-born effort, say Raghuram Rajan & Viral Acharya 'Time to separate': Shapoorji Pallonji Group agrees to exit Tata Sons 6 million white-collar workers lost jobs during May-August Chana dal prices set to spike, Kabuli chana could cost Rs 100/kg in festive season Sebi’s multi-cap fund norms likely to trigger uptrend in smallcaps Gold likely to remain choppy as US equity market struggles for direction India’s GDP Data Should ‘Alarm’, Says Raghuram Rajan Focusing on ratings is 'nuts', Raghuram Rajan wants India to do Covid-control first Raghuram Rajan Advises Govt To Sell PSUs While Stock Market Is Buoyant Markets Drop After Sobering News From Europe The IMF's chief economist poured cold water on the Bank of England's claim the UK is heading for a V-shaped recovery Antique jewels the new playground for super-rich Indians amid lockdown US adds 4.8 million jobs as unemployment falls to 11.1% Oil prices drop on prospect of returning Libyan supplies