Business

India's retail inflation cooled to a two-year low in November after Prime Minister Narendra Modi's shock currency replacement programme dented consumer spending, fuelling hopes of an interest rate cut by the RBI at its next policy review.

With Tata Sons seeking to remove him as director from main listed group entities, Nusli Wadia on Monday hit back saying he has been targeted for his "independence of mind and action" and he is not required to act in their interest as he does not not serve...

Cyrus Mistry on Sunday escalated his war of words with Tatas by accusing Vijay Singh, a nominee director on the Tata Sons board, of cooking up theories "to defend his role in the conspiracy" hatched by Ratan Tata to sack him as the chairman.

Berlin-based online food takeaway service Delivery Hero Holding GmbH has acquired online marketplace for food delivery foodpanda for an undisclosed amount.

The Enforcement Directorate (ED) has registered a forex violation case to probe ousted Tata Group Chairman Cyrus Mistry's allegation of fraudulent transactions of Rs 22 crore.

Heavy selling of the US dollar by banks and exporters in the face of renewed capital inflows predominantly kept sentiment highly buoyant.

Gold extended its slump for the second day as it slipped below the Rs 29,000 mark by falling Rs 250 to an over six-month low of Rs 28,800 per 10 grams in the bullion market on Tuesday, tracking a subdued global trend.

Power and coal minister Piyush Goyal said on Friday there was no value in splitting up India's biggest coal producer Coal India Ltd and denied any plans to break it up.

At the end of today's trading on BSE Idea Cellular was quoted at Rs 72.95 - down 5.93 per cent, while Bharti Airtel settled at Rs 319.10 - down 1.66 per cent. Reliance Communications closed at Rs 35.75, down 5.05 per cent.

Fitch expects MHCV sales to improve with progress on stalled infrastructure projects and gradual recovery in mining activity after metal prices bottomed out in 2016.

The 30-share Sensex rose 43.84 points or 0.17 per cent to close at 26,394.01, its highest closing since November 11, when it had closed at 26,818.82.

In a late evening circular, the Reserve Bank said that it has been reported that "certain depositors are hesitating" to deposit their monies into bank accounts in view of the current limits on cash withdrawals from accounts.

The benchmark Nifty gained 12.60 points to finish at 8,126.90, helped by buying in infra, FMCG, media, energy, auto and metal shares amid spells of volatility.

The robust economic growth coupled with low oil prices will make India's automobile asset based securities (ABS) or vehicle loans stable, said Moody's Investors Service on Monday.

The Income Disclosure Scheme (IDS), which was open from June to September, provided a one-time opportunity to domestic blackmoney holders to disclose wealth and come clean by paying 45 per cent tax and penalty.

In sharp escalation of boardroom brawl at India's largest conglomerate, Cyrus Mistry was on Friday ousted as Chairman of Tata Steel, the third Tata Group firm to do so, a move that Mistry-camp slammed as unprecedented erosion of core values.