Money (India)

Wary of Nirav Modi, Mehul Choksi for years, say diamond traders

The Rs 11,400-crore fraud at Punjab National Bank involving diamantaires Nirav Modi and Mehul Choksi has rattled the participants of an industry that …

Business (India)

Rakesh Jhunjhunwala’s stock pick that’s jumped 327 per cent, and the stock price is still under just ₹50

Rakesh Jhunjhunwala’s stock pick that’s jumped 327 per cent, and the stock price is still under just ₹50<p>Rakesh Jhunjhunwala seems to have found …

India

FDI Up Marginally By 0.27% In April To December 2017

Data released by the government showed that FDI inflows during the nine months fell 4 per cent in rupee terms.<p><b>New Delhi:</b> Foreign direct investment …

Business (India)

Indian Rupee, Bonds Slide As Global Markets Add To Domestic Woes

The Indian rupee weakened and bond yields rose further on Thursday as traders took note of adverse developments globally, which only added to local …

Indian Rupee

Market Live: Sensex opens over 100 pts lower, Nifty around 10,350; IT continues to gain

<b>9:15 am Market Open:</b> Benchmark indices began the day on a negative note, with the Sensex cracking over 100 points. The Nifty was trading below …

Stock Markets

One of India's Richest Men Allegedly Executed a $2 Billion Fraud

On Valentine’s Day, one of India’s biggest banks disclosed an almost $2 billion fraud allegedly by one of the country’s richest men. BloombergQuint …

India

Uttar Pradesh should compete with Maharashtra to become first $1 trillion economy, says Narendra Modi

Prime Minister Narendra Modi after the inauguration of the Uttar Pradesh Investors Summit 2018 in Lucknow on Wednesday. Photo: PTI<p><b>New Delhi:</b> Prime …

India

Rupee declines 30 paise against dollar in early trade

Mumbai, Feb 22 (PTI) The rupee weakened by 30 paise to trade at a three-month low of 65.06 against the US dollar in opening session today due to …

Stock Markets

Lloyds to hand £3bn to shareholders as profits jump 24% to £5.3bn

António Horta-Osório, chief executive of Britain’s largest bank, gets bumper £6.4m payout<p>Lloyds Banking Group is to hand more than £3bn in dividends and surplus capital to shareholders and has awarded its chief executive a bumper £6.4m payout just nine months after returning to full private …

Business (India)

RBI Panel Concerned About Rising Inflation, Show Minutes

The minutes released on Wednesday showed widespread concerns among the six MPC members about inflation, which accelerated to a 17-month high of 5.21% …

Business (India)

Stocks slip as U.S. rate worries sour sentiment

SYDNEY (Reuters) - Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally.<p>The dollar held onto most of its overnight gains courtesy of higher Treasury yields, though the sudden shift to safety spurred …

Business (India)

Restoring India's depleting rivers - an uphill task

India's water crisis has worsened over the past couple of decades, as an increased number of rivers dry up. But several non-governmental …

Business

No decision yet on how much Air India stake up for sale: Ashok Gajapathi Raju

The government has not taken a final decision yet on how much stake in Air India it wants to sell, Minister of Civil Aviation Ashok Gajapathi Raju …

India

Instead Of Throwing Money On Loan Waivers, Why Not Give Generous MSP Hikes?

Snapshot<p>Higher minimum support prices versus farm loan waivers – why this is a debate worth having.<p>After Union Finance Minister Arun Jaitley …

India

Niti Aayog making new list of sick PSUs for divestment: Amitabh Kant

NITI Aayog CEO Amitabh Kant. (Express Photo by Amit Mehra)<p>Government think-tank NITI Aayog is preparing another list of sick PSUs that can be …

Business (India)

Equities snap 3-day losses, bargain hunting lifts sentiments

Mumbai, Feb 21 (IANS) Bargain hunting by investors lifted the key Indian equity indices on Wednesday -- a day ahead of futures and options (F&O) …

India

Sensex recovers 141 points, snaps 3-day downtrend

<b>Mumbai:</b> Snapping its three-day losing streak, the BSE Sensex on Wednesday recovered by over 141 points on value-buying by domestic investors in IT, …

Business (India)

Sensex, Nifty end higher after three losing sessions

(Reuters) - Indian shares ended higher on Wednesday, snapping three sessions of losses, as IT stocks such as HCL Technologies Ltd and ITC Ltd gained.<p>The benchmark Sensex closed up 0.42 percent at 33,844.86, while the broader Nifty ended 0.36 percent higher at 10,397.45.<p>HCL Technologies ended 3.9 …

Business (India)

Gains in TCS, Infy ITC help Sensex end higher, Nifty finishes just below 10,400

Financial stocks witnessed a turn of tide and ended on a strong note, while metal and pharma names were on the losing side.

Stock Markets

Trump Jr. says missing out on India deals because of father's self-imposed curbs

NEW DELHI (Reuters) - U.S. President Donald Trump's eldest son described India as an important market for The Trump Organization, but said the global company will lose out on new deals because of self-imposed restrictions put in place by his father since he took office.<p>Donald Trump Jr.'s comments …

Business

CBI arrests PNB’s general manager-rank officer in connection with alleged Rs 11,400-crore scam

Officials believe it was during Rakesh Jindal’s tenure at the bank’s Mumbai office that LoUs were issued to the businessman’s company without …

India

Venezuela Launches Virtual Currency, Hoping to Resuscitate Economy

MEXICO CITY — With Venezuela suffering one of the most severe economic collapses of modern times, the beleaguered administration of President Nicolás Maduro announced on Tuesday that it had begun a presale of virtual currency backed by the nation’s vast petroleum reserves.<p>The government, which had …

Venezuela

These Are India’s Most Transparent Companies

Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial …

India

Will India become a Hyperloop pioneer?

A transport startup backed by Richard Branson has inked a deal to build a Hyperloop system between the Indian cities Mumbai and Pune. It's unclear, …

Business

Trudeau announces two-way investment deal with India worth $1-billion

Some of India's biggest companies say they will invest more than $250-million in Canada in the coming years in everything from pulp mills to pharmaceuticals and the IT sector. Canada, meanwhile, will invest $750-million in India.<p>The news came after Prime Minister Justin Trudeau spent his third …

Business

Coal India monopoly ends, mines are opened to private players

The CIL, alongside another stated-owned company, is the only firm currently allowed to mine and sell coal. The rules, however, permit power, steel, …

Business (India)

GM proposes $2.8 billion, 10-year investment in South Korea: government official

SEOUL, Feb 21 (Reuters) - General Motors (GM) (GM.N) has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide its share of the funds, a South Korean government official said on Wednesday.<p>The U.S. automaker …

Business (India)

RBI issues new KYC norms for payments banks

The RBI letter also said payments banks must comply with RBI Master Direction on KYC, which is amended from time to time. Photo: Aniruddha …

Business (India)

Asian shares gain on rosy Japan data, bucking Wall St losses

TOKYO (AP) — Shares were higher in Asia on Wednesday, supported by rosy manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day winning streak was snapped by a plunge in Walmart stock and losses in other sectors.<p>KEEPING SCORE: Japan's Nikkei 225 index climbed …

Business (India)

Mukesh Ambani’s Reliance Industries Takes Stake in Eros International

Giant petrol to entertainment conglomerate, Reliance Industries Limited has struck a powerhouse pair of corporate deals with Eros International, …

India