Business

The company had posted a net profit of Rs 338 crore in the corresponding July-September period of 2017-18.

At the Interbank Foreign Exchange, the rupee opened up at 73.18 and further advanced to quote 42 paise higher at 73.15 on increased selling of the American currency by exporters and banks.

A message on social media claimed that some real estate developers had defaulted on loans taken from Piramal Enterprises and its subsidiary Piramal Capital & Housing Finance (PCHFL).

US stocks were in negative territory the whole day but shares fell much further at midday after Treasury Secretary Steven Mnuchin announced he was withdrawing from a big investment summit in Saudi Arabia.

Walmart, in May, had picked up 77 percent stake in Flipkart for $16 billion as part of its efforts to ramp up its e-commerce business as it takes head-on global rival Amazon.

Saudi Arabia's oil minister said that they are India's second-biggest oil supplier behind Iraq and committed to meet any shortfall that may arise due to sanctions on Iran.

The sovereign gold bonds (SGB) will be issued every month from October 2018 to February 2019.

The Airport beat its own record for the highest-ever air traffic movement (ATM) in a single day of 685 (May 4, 2018), managing 692 aircrafts on August 21, 2018.

Arun Jaitley said the environment in which the PSUs operate have changed after 1991, though they have to adhere to the rules framed when state owned companies used to enjoy monopoly in their respective sectors.

The country’s largest IT services provider got a boost from the rupee fall as it bills majority of the US and overseas clients in dollars. The rupee declined 5.6 percent in the quarter, making it the worst performing Asian currency.

The BSE Sensex, after a gap up opening at 34,493.21, rallied to hit a high of 34,858.35 before concluding 461.42 points, or 1.35 per cent higher at 34,760.89.

The 30-share index spurted 220.38 points to 34,519.85. The barometer had lost 175 points on Tuesday.

Mills in the world's second biggest sugar producer were reluctant to sign new export contracts until recently as global prices were trading far below local prices.

SBI, which earlier planned to purchase assets worth Rs 15,000 crore, has decided to buy additional assets of up to Rs 30,000 crore.

At the Interbank Foreign Exchange (Forex), the rupee made a cautious recovery of 18 paise to 73.88 against the US dollar in early trade on fresh selling of the American currency by banks and exporters.

PepsiCo's Board of Directors had in August announced that they unanimously elected Laguarta, 54, to succeed Nooyi, 62, as Chief Executive Officer.