Business

The deadline puts further pressure on Thyssenkrupp Chief Executive Heinrich Hiesinger, who has said he wants the approval of shop stewards for the plan to merge the group's European steel business with that of Tata Steel.

Good bouts of value buying in recent losers were seen, led by IT, Metal, Telecom, Realty, Oil & Gas and Basic Material.

Price pressures has been relatively subdued in the early part of the calendar year, as weak demand conditions and demonetisation program weighed on inflation.

Salil Parekh was chosen to lead Infosys from over two dozen candidates in a search that lasted about three months.

The announcement of Salil Parekh’s appointment ends Infosys’s three-month hunt for a new CEO after Vishal Sikka resigned from the post after a long public battle with the tech giant’s founders.

The comment of the Union minister of state for civil aviation sought to clear the air after he told a television news channel on Thursday that there were indications of interest from the Tatas for Air India.

The BSE benchmark Sensex dived 316 points to close below the 33,000-mark, while the broader Nifty declined 104.75 points to 10,121.80.

Mukesh Ambani said, “I think for all of us within the industry, profits and losses are risks that we take. I don’t think we can rely on regulators or governments to guarantee our profits or losses. To me what is most important is ‘Do we really move the co...

Amid sharp rise in prices of key veggies like onion and tomato, Chief Economic Advisor Arvind Subramanian on Thursday said the government will take action to contain their prices.

The 30-share Sensex after opening a shade higher quickly slipped into the red, but settled down 105.85 points, or 0.31 per cent at 33,618.59.

The finance ministry wants a rate cut sooner than that, putting a focus on the MPC meeting on December 5-6, or when it next convenes in February.

Talking to reporters in New Delhi, Economic Affairs Secretary Subhash Chandra Garg on Friday said the rating agency has spoken favourably and also estimates that India would grow at 7.6 percent plus in times to come.

State-run Bharat Petroleum Corp Ltd (BPCL) seeks a spot cargo for January 19-21 delivery into the Dahej import terminal, with bids due on or before December 5 and the award due to be made on December 7.

"Accordingly, in order to review the Act and to draft a new direct tax law in consonance with economic needs of the country, the Government has constituted a task force," a finance ministry statement said.

The Central government has earlier agreed to hallmarking of 14, 18 and 22 carat gold jewellery as prescribed by Bureau of Indian Standards (BIS).

The NSE index Nifty hit 10,337.75, with gains of 39 points -- or 0.37 per cent.