Business
CitiBank is selling its India business and who will be willing to buy

Even as it has decided to sell off the retail accounts and credit cards business, the bank has indicated that there won’t be any layoffs or closure of offices in India.

Technical View: Nifty forms bullish candle, needs to go past 14,880 to break out of range

Traders should shift focus to stock-specific opportunities as directional trade on the index will emerge only on a close above 14,900, Mazhar Mohammad of Chartviewindia has said.

After The Bell: Sensex cracks 627 points, what should investors do on Thursday?

The index has to cross and hold above 14,750 to witness an up move towards 14,900 and 15,000, while on the downside, support exists at 14,600 and 14,500 levels, say experts.

Gold prices fall to Rs 44,655 per 10 gm, down 0.63% this week; silver tanks 3.22%

The bullion metal has been stuck in a narrow range in the last few sessions amid a lack of direction. It declined by Rs 282, or 0.63 percent during the week in the domestic market.

Bank of Maharashtra, Bank of India, Indian Overseas Bank and the Central Bank of India are shortlisted for privatisation

Now the government has shortlisted four mid-sized state-run banks for privatisation. Earlier, the government was considering only two public sector banks but now it plans to privatise four banks.

1,030 crore Axis Bank loan fraud case: Peter Kerkar, 2 senior Cox and Kings executives arrested

The economic offences wing (EOW) of the Mumbai Police on Tuesday arrested Cox and Kings (CNK) promoter Ajay Ajit Peter Kerkar and two other senior executives of the firm, in connection with ₹1,030 crore Axis Bank loan fraud case.

Mehul Choksi unlikely to return before 2027, says Antigua and Barbuda PMO

Choksi, along with his nephew Nirav Modi, is accused of allegedly perpetrating a Rs 13,500-crore fraud through Letters of Understanding (LoUs) of Punjab National Bank.

Nirav Modi to Vijay Mallya: Here's a List of Economic Offenders Who Fled India After Being Named in Massive Loan Frauds

Since past few years, the central government is leaving no stone unturned to extradite all those businessmen, who fled the country, soon after charges of financial irregularities and fraud were registered against them by probe agencies.

Sensex, Nifty close at record high on HDFC boost

Indian shares closed at a record high on Tuesday, boosted by gains in mortgage lender HDFC and hopes that the country’s emergency approvals of coronavirus vaccines would lead to a quick economic recovery.

Mukesh Ambani Fined For Manipulating Stock Market. His Companies Fined Too

Fines of RS 25 crore and RS 15 crore have been imposed on Reliance Industries Ltd (RIL) and Mukesh Ambani, respectively.

India's financial sector faces challenging times ahead - RBI

India’s financial sector should brace for challenging times ahead with an increased risk of deterioration in asset quality and lower demand for loans, the Reserve Bank of India (RBI) said in a report on Tuesday.

Nifty, Sensex end at all-time highs on financials boost

Indian shares closed at record highs on Monday, driven by gains in private-sector lenders, as global sentiment improved after U.S. President Donald Trump approved a pandemic relief package.

BMW Group India Inaugurates Two Dealerships in Thiruvananthapuram

 BMW Group India today announced the launch of the BMW Facility NEXT in Thiruvananthapuram. EVM Autokraft now represents BMW and BMW Motorrad in the largest sales and service facility in Thiruvananthapuram. Based on the latest BMW Facility NEXT framework, the new facility showcases the exclusive range of both BMW cars and BMW Motorrad motorcycles. 

Oil drops as new coronavirus strain revives demand fears

Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a new coronavirus strain in the United Kingdom revived concerns over demand recovery.

US puts India on currency manipulator watchlist Raghuram Rajan Heads Study On "Expert Analysis Of Danger Of Global Insolvency" Sensex, Nifty end flat. Investors book profits Tata Group Wants Coffee Day Takeover To Close Early Massively Oversubscribed Burger King IPO Opens Dec 10. Listing Premium 75% In Grey Market Sensex, Nifty end at record high on consumer goods boost Foreign funds colonizing Indian startups: Naukri.com founder Bikhchandani alleges Sensex, Nifty hit all-time high as banks, Reliance gain India's economic contraction slows as vaccines boost recovery hopes Raghuram Rajan Rips India Letting Corporates Float Banks. Says: "It's Bad Idea." Japan stocks end lower after Tokyo goes on highest virus alert Asia stocks edge higher after vaccine news. Wall Street hits record highs Microfinance industry grew by 31% in 2019-20, says report Amazon accuses Future Retail of insider trading. Seeks Investigation Indian shares close at record high as Biden wins U.S. election Nifty, Sensex rise as factory data shows demand recovery; banks shine Mukesh Ambani loses $5 billion as oil sinks Reliance shares India's Vedanta, Hindalco among winners of country's coal mine auctions India's largest carmakers report increase in monthly sales Future Retail says Amazon dispute order not binding on company Wall Street 'fear gauge' logs largest weekly gain in about 4 months 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