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Sunday, September 24, 2017

Business

Rupee Gains 11 Paise Against Dollar to 64.41

Mumbai (PTI): The rupee firmed up 11 paise to 64.41 against the dollar today, taking support from foreign capital inflows and a higher opening in domestic equities. Fresh selling of the US currency by exporters and banks has been touched off by weakness in the dollar overseas. The forex market was shut yesterday on account of Eid-ul-Fitr. On Friday, the domestic unit ended...

Indian Rupee Sprints To Fresh 1-Mth High Of 64.35 Vs Dollar

Mumbai (PTI): After a brief pause, the Indian rupee on Monday regained momentum to log a fresh one-month high of 64.35 by rising 10 paise on bouts of dollar unwinding by exporters. This is the highest closing for the domestic currency since June 14, when it ended at 64.30. Bearish continuation in the greenback along with heavy unwinding of long dollar positions...

Odisha clears Rs1,188cr investments.

Bhubaneswar: Three projects worth Rs 1,188crores was approved by the state level single window clearance authority of Odisha today. The meeting chaired by Chief Secretary Aditya Padhi gave clearance for Rs 650 crore expansion plan to Emami Paper Mills at Balgopalpur in Balasore district, Rs 430 crore investment for Ambuja Cements grinding unit at Jharsuguda and Rs108 crore investment...

Volkswagen Submits Roadmap Before NGT To Recall Over 3.23l Vehicles

New Delhi (PTI): German auto major Volkswagen, which is embroiled in a global emission scandal, today submitted a roadmap before the National Green Tribunal to recall over 3.23 lakh vehicles in the country fitted with a 'defeat device' meant to fudge emission tests. The roadmap was submitted by it in pursuance to the NGT's direction passed yesterday. The automobile giant is...

Rupee declines 9 paise against American unit

The rupee tumbled 9 paise to 67.38 against the US currency in late morning deals on bouts of dollar demand from importers. The domestic currency resumed higher at 67.35 per dollar as against Thursday's closing level of 67.29 at the Interbank Foreign Exchange (Forex) market. It hovered in a range of 67.39 and 67.24 during morning deals before quoting at 67.38 per dollar at 1030...

UK Mulls Pension Loophole Fix To Help Tata Steel: Report

London, (PTI): The UK government is reportedly considering a law change to plug a loophole in its pension laws to help Indian steel giant Tata Steel save jobs at its Port Talbot plant in south Wales, a media report claims. A deal to reduce Tata's financial burden in the 15- billion-pound pension scheme for its British steel business is central to...

Rupee gains 30 paise against dollar

The rupee surged 30 paise to 66.63 against the USD in opening trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks. Forex dealers said a strong opening in domestic equity markets too supported the rupee, but dollar's strength against other currencies overseas capped the gains. Yesterday, the rupee fell 11 paise to close at more than three-week...

Gold slips from 2-month high, silver weakens on global cues

Gold prices retreated from two-month high by falling Rs 200 to Rs 26,250 per ten gram at the bullion market today largely in tandem with a weak trend overseas amid easing spot demand from jewellers. Silver also recorded a fall of Rs 355 to Rs 33,500 per kg due to reduced offtake by industrial units and coin makers. Bullion traders said...

Rupee appreciates 11 paise against US dollar

The rupee rose 11 paise to 66.70 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the USD by exporters and banks amid a higher opening in the domestic equity market. Forex dealers said apart from selling of the US currency by exporters and banks, weakness in the dollar against other currencies...

Rupee declines 13 paise against American currency

The rupee depreciated 13 paise at Rs 66.32 against the USD at the Inter-bank Foreign Exchange on month-end demand for the American currency from importers amid capital outflows. Yesterday, rupee closed at Rs 66.19, up by 2 paise. Forex dealers stated month-end demand for the US currency from importers mainly weighed, but the dollar's weakness against other currencies overseas and a higher opening of...

India Among London’s Fastest Growing Tourism Markets: Report

London (PTI): The number of Indians visiting the British capital London is set to increase by a huge 90 per cent by 2025, according to official data released today. Last year, 0.27 million visitors from India came to London and that figure is set to hit 0.52 million in the next eight years. In terms of spend, visitors to London from...

Sensex tumbles 51 points in opening trade

The benchmark BSE Sensex declined 51 points in opening trade on profit-booking after recent gains. The 30-share index, which had gained 157.51 points in the previous session, fell 51.29 points, or 0.20 per cent, to 26,066.25 in early trade today. Stocks of technology, metal, power, healthcare and banking sectors were leading the fall in early trade. ONGC, Sun Pharma, NTPC, ICICI Bank, Infosys, GAIL,...

Markets All Pumped Up, Set New Highs On Earnings Optimism

Mumbai (PTI): Showing renewed strength, the Nifty closed above the 9,900 level for the first time and the Sensex set a fresh life high today, building on optimism about corporate earnings. Most Asian shares ruled firm, picking up cues from stronger than expected economic growth in China and expectations that the Federal Reserve will tread with care in tightening its policy,...

Rupee strengthens 24 paise against US currency

The rupee gained 24 paise to trade at 67.78 against the USD in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters and banks. Forex dealers said a strong opening in domestic equity markets too supported the rupee, but dollar's strength against other currencies overseas limited the gains. Yesterday, the rupee declined 7 paise to close...