Business

At the interbank foreign exchange, the rupee opened at 71.60 then fell to 71.71 against the US dollar, showing a decline of 17 paise over its previous closing.

As against India's real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook, released on Tuesday, projected the country's growth rate at 6.1 per cent in 2019 and noted that the Indian economy is expected to pick up at 7 per c...

The services exports or receipts were USD 16.53 billion in the same month of 2018. It was at USD 19.08 billion in July this year.

The appellate tribunal also put the Rs 19,700-crore payout by the JSW Steel to buy the debt-ridden company on hold till further orders.

The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors.

Shares of Bandhan Bank shot up 20% to hit the upper circuit limit amid reports that the stock will be added to the MSCI index.

Sitharaman, who was to hold a press briefing on the Maharashtra elections, delayed the press conference and talked to the protesters.

Chief Minister Pinarayi Vijayan said the 'Kerala Bank' would be formed amalgamating the district co-operative banks (DCBs) with Kerala State Co-operative Bank.

Among debt-oriented schemes, liquid funds — with investments in cash assets such as treasury bills, certificates of deposit and commercial paper for shorter horizon — saw an outflow of Rs 1.41 lakh crore.

The report by RedSeer said there was a 30 per cent year-on-year growth during the first festive sale event, with significant share coming from customers in tier-II cities and beyond.

Shares of the private sector lender settled 8.19 percent higher at Rs 45.60 on the BSE. Intra-day, the stock gained as much as 10.79 percent at Rs 46.70.

Oyo, which operates in over 80 countries, is expanding in the United States and Europe, where it runs vacation rentals. Most of the money will be used for this expansion.

The report said the coverage should be revised and divided into two categories — at least Rs 1 lakh for savings deposits and of at least Rs 2 lakh for term-deposits.

Since the past few quarters, the steel sector has been hit badly due to the slowdown in real estate, auto and infrastructure sectors. The long and extended monsoon season also played a large role in dampening demand.

Indiabulls promoters' roots in the realty space has made the RBI decision on its merger proposal with LVB a keenly watched event, as the central bank has a pronounced distaste for the sector fraught with volatilities.

Friday's survey adds to the deepening gloom around businesses and consumers, underlining the broadening cracks in the economy as growth slipped to six-year low in the April-June quarter.