Business

Despite optimism around the talks in Beijing, some analysts warned that the relationship between Washington and Beijing remained on shaky grounds, and that tensions could flare up again soon.

The rupee weakened even after the Central Statistics Office (CSO) released positive advanced estimates of national income for 2018-19.

Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, ITC and HDFC also suffered losses in their market capitalisation (m-cap) for the week which ended on Friday.

Prabhu's assertion came on a day when reports of a Pratt & Whitney engine of an IndiGo A320 neo plane stopping mid-air surfaced.

The airline said it had defaulted on debt payment to a consortium of Indian banks, led by SBI, prompting ratings agency ICRA to downgrade the carrier and send its shares sharply lower.

The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent.

The Syndicate bank said it would "raise equity share capital up to Rs 500 crore by creating, granting offer, issuing and allotting up to 30,00,00,000 new equity shares of face value of Rs 10 each to the eligible employees of the bank."

Indian Oil's chairman Sanjiv Singh said that Iran has not ruled out participating in the expansion at Chennai Petroleum Corp Ltd, a south India-based 20,000 barrels per day (bpd) refinery.

The weaker ones among the public sector banks need to be supported through recapitalisation, the Governor said in his foreword to RBI's half-yearly financial stability report (FSR).

The growth rate of eight infrastructure sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity — was 6.9 per cent in November last year.

'Swachh Bharat Kosh, established under the Department of Expenditure, Ministry of Finance of the central government, was set up to attract Corporate Social Responsibility (CSR) funds to be used for PM Modi's 'Swachh Bharat' campaign.

The government is actively considering the proposal to professionalise Air India management to revive the debt-ridden airline,

ATM services are expected to function normally while on December 26, ATM services would also be affected.

Krishnamurthy said segments like grocery, furniture and even refurbished goods will play an important role in attracting more customers to its platform — with many of them shopping online for the first time.

Breaking its three-day winning streak, the 30-share index turned choppy and was trading 25.93 points, or 0.07 per cent, lower at 35,903.71.

The emblem had to symbolise this: the fact that the Reserve Bank of India was governmental, but at the same time a separate entity with a specific task.