Business

Crude shocker can be rude shocks for economy: RBI economists

Crude shocker can be rude shocks for economy: RBI economists

A sudden surge in crude prices can upset the nation‘s key macro-stability parameters, as it can sharply spike the current account deficit (CAD), inflation and the fiscal numbers, whittling the benefits of higher growth, warns an RBI study. Since the country is heavily dependent on oil imports To the tune […]

Top 10 most-valued companies including TCS, RIL, HDFC Bank lose Rs 38,153 cr in m-cap

Top 10 most-valued companies including TCS, RIL, HDFC Bank lose Rs 38,153 cr in m-cap

The combined market valuation of six of the 10 most valued companies slumped by Rs 38,152.86 crore last week, with Reliance Industries Ltd (RIL) taking the steepest hit. While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, ITC and HDFC suffered losses in their market capitalisation (m-cap) for the week […]

Weakness in China economy gives Beijing incentive for trade deal: Trump

Weakness in China economy gives Beijing incentive for trade deal: Trump

US President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work towards a deal. “I think that gives them a great incentive to negotiate,” Trump told reporters at the White House. The […]

Sensex rebounds nearly 200 points; Nifty reclaims 10,700 mark

Sensex rebounds nearly 200 points; Nifty reclaims 10,700 mark

The BSE benchmark Sensex Friday rebounded nearly 200 points and the NSE Nifty reclaimed the 10,700 mark, driven by a recovery in auto, metal and banking stocks amid buying by domestic institutional investors. The 30-share index, however, pared some early gains and was trading 103.90 points, or 0.29 per cent, […]

Sensex jumps 181 points; PSU banks rally

Sensex jumps 181 points; PSU banks rally

The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee. After swinging over 350 points intra-day, the 30-share Sensex finally settled 181.39 points, or 0.51 per cent, […]