Business

David Solomon, 58, who was installed as CEO in October 2018, 'embodies' Goldman's culture as a strategic thinker, the firm said.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.65 per cent to 102.08, helping the rupee trade higher.

The scrip has risen a whopping 251 per cent in four days and 59 per cent on Tuesday alone after Moody's upgraded the company's ratings.

A senior Railway Ministry official said that the zonal railways have decided to increase the prices of platform tickets.

The Sensex and Nifty were also trading nearly 5% lower on Monday as fears over the coronavirus outbreak deepened. The domestic equity indices have been in the correction mode for the last three weeks and are down almost 20% from their recent highs

Under GST law, states are guaranteed compensation for revenue loss for five years if their revenue does not increase 14 per cent on the base year of 2015-16. However, with revenue mop-up from compensation cess falling inadequate, the Centre held back fund...

According to data from the National Statistical Office, the manufacturing sector output grew by 1.5 per cent as compared with a rise of 1.3 per cent in the corresponding month a year ago.

Congress MP M K Raghavan said the BJP government has shown consistent apathy towards railways in the last 5 years and the dismal performance is visible in the high operating ratio, which is the worst in last 10 years.

The day's selloff was triggered after the World Health Organization (WHO), late Wednesday night, termed the the new coronavirus or COVID-19 outbreak as a pandemic, and expressed deep concern over the "alarming levels of inaction".

At 2:29 pm, shares of Aurobindo Pharma stock were trading at Rs 452.35 apiece, down 4%, after hitting the day’s low of Rs 444.25. The stock has lost nearly 40% in the last one year compared with a 6.4% drop in the benchmark Nifty 50 index.

In February, the bank had slashed term deposits rates by 10-50 basis points in the retail segment and 25-50 basis points in the bulk segment.

Mobile subscribers get access to 4G data at a price as low as Rs 3.5 per GB but if the floor price is fixed as demanded by telecom operators, the mobile internet prices will rise 5-10 times from the current level.

The number of confirmed coronavirus cases in New York state rose to 105 on Sunday, up from 89 the day before, according the state governor's office.

Offering liquidity to a distressed entity like Yes Bank is rare but permissible under Section 17 of the RBI Act, sources said.

The draft came a day after the RBI imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till April 3.

The credit rating agency said rating downgrades factor in the moratorium on the bank and the cap on payments to its depositors.