Business

Nirmala Sitharaman, who took over as India's first full-time woman finance minister last month, will be presenting the Modi 2.0 government's first full budget on July 5.

At the interbank foreign exchange (forex) market, the domestic currency opened higher at 69.23 per dollar, but lost ground during the day to fall to 69.52. The rupee finally settled at 69.46, down 18 paise over its previous close.

Top gainers in the Sensex pack Friday included IndusInd Bank, Bajaj Finance, M&M, SBI, ICICI Bank and Vedanta, rising up to 1.90 per cent.

The IMF upgraded its GDP forecast for 2019 to 2.6 percent, three tenths higher than in April, while growth in 2020 is seen slowing to two percent, according to the annual review of the US economy.

Amid slowing GDP and markets in stress ever since IL&FS defaulted, analysts are expecting at least a 25 basis points reduction in the policy repo rate.

To curb fraudulent cases and bring uniformity in signing audit reports, the new decision requires the members of ICAI, to mention the UDIN, immediately after the ICAI’s membership number.

The International Air Transport Association (IATA) also said that overall costs are expected to grow by 7.4 per cent, outpacing a 6.5 per cent rise in revenues.

The infrastructure sector growth has impact on the Index of Industrial Production (IIP) as these segments account for about 41 per cent of the total factory output.

The International Air Transport Association (IATA), a grouping of around 290 airlines, said following a sustained period of strong double-digit RPK growth, the India domestic market recorded its first negative growth rate in April since January 2014.

The company's committee of directors has approved an offer for issuing up to 1 crore cumulative compulsorily redeemable non-convertible preference shares (CRPS) to raise up to Rs 100 crore.

After swinging over 300 points in a highly volatile session, the 30-share index ended 66.44 points, or 0.17 per cent, higher at 39,749.73 -- its all-time closing high.

An investigation by the ministry of corporate affairs (MCA) has reportedly found that addresses provided by DHFL subsidiaries and its associated companies did not exist.

Apart from iimjobs.com, Highorbit Careers is also the owner of hirist.com. The deal between the two companies is likely to be closed by 30 June.

The rupee opened weak at 69.68 at the interbank forex market and then fell further to 69.73, down 22 paise over its last close.

Foreign institutional investors (FIIs) were net buyers in the capital markets, buying shares worth 2,026.33 crore on Friday, according to exchange data.

The group, headed by former RBI deputy governor H R Khan, has also pitched for liberalised investment cap, review of prohibited sectors for foreign investment for FPIs, permitting FPIs for off-market transactions and review of restriction on sovereign wea...