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Sensex soars 718 points, banking stocks lead rally

Among the Sensex constituents, ICICI Bank was the biggest gainer with 11 per cent jump, followed by State Bank of India, which rose 8.04 per cent.

20 days ago

Samsung's mobile manufacturing plant in Noida.

Here's how much Indians spend on Chinese smartphones; the numbers will shock you

Chinese companies have managed to create millions of jobs in India, thanks to their local manufacturing promises made towards Make in India.

20 days ago

Vijaya Bank Q2 net profits falls 25% on year

The city-based bank said that total income for the second quarter of the fiscal year ending March increased over 12 per cent on year to Rs 3,931 crore but was flat sequentially, from Rs 3,936 crore a quarter ago.

20 days ago

An aircraft of India's Jet Airways lands

Beleaguered carrier Jet Airways' Naresh Goyal turns to Mukesh Ambani and Ratan Tata for help

Not just Ambani, Goyal, who owns a 51 percent controlling stake in Jet, is also known to have discussed the offer with Ratan Tata. The Tata Group has reportedly shown an interest in bailing out Jet Airways, but it depends on Goyal and his willingness in giving up his controlling stake.

20 days ago

Q2 results, macro data to steer equity market; value buying expected

On Friday, both the Sensex and the Nifty dropped to seven-month lows. Market participants and analysts expect value buying in the indices as the market has been largely bearish in the last couple of weeks.

21 days ago

infosys, infosys layoff, infosys hiring, it jobs, vishal sikka

Infosys, Wipro, TCS and HCL hired over 32,000 employees in Q2, IT slump nearing an end?

While TCS, which is the largest company in India in terms of market capitalisation, added 10,227 workers in Q2, Infosys hired 7,834 workers in this period. Wipro saw the highest hiring in Q2 at 10,687 employees, while HCL is said to have hired 3,754 employees.

22 days ago

RBI to buy govt bonds for Rs 40,000 crore via OMO to maintain liquidity in market

OMO is carried out by RBI to expand or contract the liquidity of money in the market by selling or purchasing government securities.

22 days ago

China agrees to increase imports from India, says trade minister Suresh Prabhu

India's trade deficit with China is its widest with any country, with large amounts of electronics and other items flowing across the border with its northern neighbour.

23 days ago

nse at alltime high, nse at historic high, nse at lifetime high, nse crosses 9400, sensex at lifetime high, sensex at new high, imd predicts normal rainfall

Sensex down 143 points, Nifty below 10,200 points amid negative global cues

It touched an intra-day high of 33,776.80 points and a low of 33,332.10 points, Yes Bank was one among the major losers.

23 days ago

Trouble mounts for Vijay Mallya: IT dept warns against buying company shares in e-auction

Over 41 lakh equity shares of United Racing and Bloodstock Breeders Ltd (URBBL) were put up for sale through e-auction by Debt Recovery Tribunal-II on September 29. The auction is set to take place on October 30.

23 days ago

Bengaluru: ED raids Amnesty International office for alleged violation of FDI guidelines

In a statement later, the economic intelligence agency said Amnesty had received Rs 36-crore foreign funds till date from overseas in violation of the Foreign Direct Investment (FDI) guidelines.

23 days ago

Fake banks apps on Google Play may have stolen data of thousands of customers: Report

These fake Android apps have the logo of respective banks which makes it difficult for customers to differentiate between the fake and original apps.

24 days ago

Former Adidas AG executive found guilty in US college basketball bribery scheme

James Gatto, former head of global sports marketing for basketball at the athletic wear company, was convicted of wire fraud by a jury in Manhattan federal court.

24 days ago

Wipro increase freshers' salaries by Rs 30,000 per annum

TCS has started a national-level test during placements to find those with newer skills, preferably in coding. Infosys is also on a similar path.

24 days ago

Maruti Suzuki Q2 profit declines for first time in 4 years; falls 10% YoY to Rs 2,240 crore

Net profit at India's top-selling car maker fell to 22.40 billion rupees ($305.76 million) in the quarter ended Sept 30 from 24.84 billion rupees last year as higher crude oil prices and a weakening rupee weighed on consumer demand.

24 days ago

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