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Bhubaneswar
Monday, February 26, 2018

Business

Rupee Falls 31 Paise Against US Dollar In Opening Trade

Mumbai(PTI): The rupee depreciated 31 paise to 64.52 against the US dollar in opening trade at the interbank forex market today on increased demand for the greenback from importers and banks. A strong dollar in overseas markets weighed on the Indian rupee, a currency dealer said. On Friday, the rupee had ended 30 paise lower at 64.21 against the US dollar...

Sensex Recovers 157 Points, Nifty Above 10,400-Mark

Mumbai(PTI): Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets. The 30-share Sensex recovered by 157.24 points, or 0.46 per cent, to 33,931.90 in opening trade. The index...

Sensex Tumbles 195 Points, Nifty Below 10,400

Mumbai(PTI): The benchmark BSE Sensex dropped 195 points or 0.57 per cent in afternoon trade due to increased selling in bluechips led by Tata Steel , SBI and Larsen & Toubro. Metals, industrials, banks, financials, telecom, realty, FMCG and oil&gas stocks declined. The BSE Sensex trading down 194.17 points or 0.57 per cent at 33,816.59 186.29 at 1230 hrs. The broader Nifty...

Adani Kin Picks Up 60% In Air Odisha

Mumbai(PTI): The Ahmedabad-based GSEC Aviation and Monarch Networth Capital have bought over the GR Gopinath-promoted Air Deccan, besides jointly acquiring majority stake in Air Odisha, which is set to launch its services on regional routes from tomorrow. Significantly, GSEC Aviation is owned by Rakesh Ramanlal Shah, who is married to Prity, the sister of the USD 11-billion Adani Group chairman...

Topaz Solar To Set Up Solar Module Plant In Odisha

Kolkata(PTI): The city-based Topaz Solar will set up a 500 MW solar module plant in Odisha for an investment of Rs 240 crore, company officials said here. Company Chairman Ganesh Natarajan told reporters here of the Rs 240 crore investment for the plant, Rs 180 crore will be invested in plant and machinery. Of the Rs 240 crore investment, the promoters...

Air India’s Unpaid Bills Likely To Raise Its Debt Figure

New Delhi(PTI): Divestment-bound Air India's unpaid fuel bills and airport charges are likely to raise its debt figure from the current estimate of around Rs 50,000 crore, according to a senior government official. The government is expected to invite expression of interest (EoI) from bidders for Air India this month. "While there is clarity on Air India's borrowings from financial institutions,...

Mallya In Trouble: UK Court Awards BOC Aviation USD 90Mn Against Vijay Mallya

London/Singapore(PTI): Embattled liquor tycoon Vijay Mallya has lost another legal battle linked to his now- defunct Kingfisher Airlines after the UK High Court awarded Singapore-based BOC Aviation an estimated USD 90 million in claims. The latest case involving the 62-year-old businessman, whose extradition case over alleged loan defaults amounting to around Rs 9,000 crores returns to Westminster Magistrates Court in...

Rupee Rebounds 15 Paise In Opening Trade

Mumbai(PTI): The rupee recovered by 15 paise to 64.25 against the dollar in opening trade today on fresh selling of the US currency by exporters and banks amid a higher opening in domestic equity markets. Forex dealers said the dollar's losses against major global currencies overseas after last week's rally supported the rupee. On Friday, the rupee had dropped 14 paise...

NALCO Posts Record Net Profit Of Rs 722 Crore

Bhubaneswar(PTI): National Aluminium Company Limited (NALCO) today said it has posted a record net profit of Rs 722 crore in the third quarter of current fiscal, registering a robust growth of 207 per cent. NALCO has achieved a record net profit of Rs 722 crore as against Rs 235 crore in the preceding quarter and Rs 144 crore in the...

Rupee Drops 13 Paise Against Dollar At 64.39

Mumbai(PTI): The rupee today depreciated by 13 paise to trade at 64.39 against the US dollar on increased demand for the American currency from importers and banks. Dealers said early losses in domestic equity markets and increased foreign fund outflows weighed on the rupee. The dollar, however, was trading weak against Asian currencies after its overnight losses against the euro and...

Global Fall: Sensex Drops Below 34K, Nifty Loses Over 1.5%

Mumbai(PTI): Stocks suffered heavy losses in opening trade with the BSE Sensex dropping below the 34,000- mark by slumping about 564 points and Nifty sinking over 1.6 per cent on widespread sell-off triggered by a rout in global equity markets. The BSE 30-share barometer dived 563.51 points, or 1.63 per cent, to 33,849.65, wiping out its gains of 330.45 points...

Rupee Loses 10 Paise Against Dollar In Opening Trade

Mumbai(PTI): The rupee depreciated 10 paise to 64.38 against the US dollar in opening trade today due to increased demand for the US currency from importers amid fresh foreign funds outflow. However, a weak dollar in global markets helped the rupee limit its losses, dealers said. The rupee opened weak at 64.38 at the interbank forex market against its previous close...

Sensex Recovers 168 Points In Early Trade

Mumbai(PTI): The benchmark Sensex recovered about 168 points in early trade today on buying in realty, IT, capital goods and banking stocks after the RBI maintained status quo in its monetary policy review yesterday. The 30-share index rose by 167.73 points, or 0.49 per cent, to 34,250.44 opening trade. All the sectoral indices led by realty, IT, healthcare and banking...

Rupee Surges 20 Paise Against Dollar In Early Trade

Mumbai(PTI): The rupee strengthened by 20 paise to 64.04 against the dollar at the interbank forex market today on fresh selling of the American currency by exporters and banks ahead of the announcement of RBI's monetary policy . Dealers said dollar's weakness against other currencies overseas and early gains in domestic equity markets supported the rupee. Yesterday, the rupee had tumbled...