Markets

Maruti Suzuki Q2 profit declines for first time in 4 years; falls 10% YoY to Rs 2,240 crore

Net profit at India's top-selling car maker fell to 22.40 billion rupees ($305.76 million) in the quarter ended Sept 30 from 24.84 billion rupees last year as higher crude oil prices and a weakening rupee weighed on consumer demand.

Oct 25, 2018

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Sensex hits 7-month low, falls over 400 points amid rout in global equities

Indian shares fell nearly 1.5 percent to a seven-month low on Thursday, joining a sell-off in global equities amid concerns about a slowdown in the world economy.

Oct 25, 2018

Mumbai: Ola and Uber drivers likely to go on strike for fare revision amid fuel price hike

For the first time, the cab drivers are demanding a fix minimum fare between Rs 100 and Rs 150 and the charge per km between Rs 18 and Rs 23, depending upon the type of vehicle booked.

Oct 22, 2018

Diesel costlier than petrol in Odisha; Oil Minister asks Naveen Patnaik govt to slash VAT

A litre of diesel costs 12 paise more than that of petrol in Bhubaneswar, with diesel being sold at Rs 80.69 per litre and petrol at Rs 80.57 per litre.

Oct 22, 2018

Cash-crunched Jet airways to raise $800 mn from sale and leaseback of 16 aircrafts - Report

The airline company, which has been in financial trouble for the past few months, currently owns 16 aircrafts, out of the 124 in its fleet.

Oct 20, 2018

Ominous predictions for rupee: 80 against dollar by year's end and a plunge to 100 later

Analysts say the rupee could fall further in the coming months as the key drivers of the fall -- widening current account deficit and the flight of overseas funds -- are more likely to persist than not.

Oct 17, 2018

Asian shares resume descent, oil prices up on Saudi tensions

Not helping the mood, oil prices jumped and Saudi Arabian shares tumbled on rising diplomatic tensions between Riyadh and the West.

Oct 15, 2018

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Crude at $200 and an 'Asian calamity' in the offing? Oil rises after Saudi threat

The latest jolt to the crude market comes in the wake of the mysterious disappearance of Saudi journalist Jamal Khashoggi at the Saudi consulate in Istanbul on October 2.

Oct 15, 2018

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Amid stock market rout, gathering gloom on mutual funds scene

The growth in new funds in the last three months was a marginal 2 percent. Analysts note that investors are not stopping SIP -- just yet. However, new allocation are not happening either.

Oct 12, 2018

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Centre to raise import tariffs on electronic and communication items to bolster a falling rupee

India said on Thursday it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee.

Oct 12, 2018

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Is the bubble bursting? Indian stocks sold like there's no tomorrow

With valuations remaining a fundamental concern, Indian markets will now look at the incoming earnings season. If corporate profitability comes under strain that can trigger a further collapse.

Oct 11, 2018

Rattled Wall Street stock investors fret about a correction

US President Donald Trump blamed the Federal Reserve, which he said has gone "crazy" raising interest rates.

Oct 11, 2018

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Gold glitters on Navaratri demand, rises by Rs 200

Bullion traders said increased buying by local jewellers as well as retailers, driven by the beginning of festive demand in domestic spot markets led to the rise in gold prices.

Oct 10, 2018

Invest in direct plans of mutual funds to earn higher returns

Most mutual funds available in the market today offer two different types of investment plans - Direct and Regular. Despite the advantages associated with a direct plan, a lot of people end up investing in a regular one.