India Finance and Business news

(Updated Every 15 minutes)

As rupee hits all-time low of 70/USD, these 6 sectors are seen to benefit the most The Indian rupee hit 70 to the dollar for the first time on Tuesday, falling 15 paise intraday due to sharp depreciation in Turkish lira after the United States imposed tariffs on steel and aluminum imports. The sell-off in the rupee for couple of days ... --

Supreme Infrastructure India#39;s board meeting on May 30, 2018
Supreme Infrastructure India#39;s board meeting on May 30, 2018 We would like to inform you that the meeting of the Board of Directors of Supreme Infrastructure India will be held on Wednesday, May 30, 2018, to consider and approve the Standalone and Consolidated Audited Financial Results for the year ended March 31, 2018.

ITC To Resume Cigarette Manufacturing
ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactured at plants in Bengaluru, Munger, Saharanpur...

India seeks to speed up foreign deals with 'one-stop shop'
The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in foreign direct investments and share purchases, two government sources said.

Kerala live: 44 dead, Kochi airport closed till Sat
Kerala live: 44 dead, Kochi airport closed till SatKerala to witness acute shortage of drinking water as most water treatment plants have either been damaged or have been flooded.​​

Easing inflation data lifts equity market; record low rupee limits gains
Mumbai: Easing wholesale inflation lifted the key Indian equity indices on Tuesday with the benchmark S&P BSE Sensex rising over 200 points.According to market observers, healthy buying activity was witnessed in banking, auto and IT stocks.India's annual rate of inflation based on wholesale prices eased to 5.09 per cent in July from a rise of 5.77 per cent in June, official data showed here on Tuesday.However, weakness in the Indian rupee limited the gains on the indices. The rupee on Tuesday touched an all-time low of 70.08 per dollar. At 12.54 p.m. the wider Nifty 50 traded at 11,432.85 points, higher by 77.10 points or 0.68 per cent from the previous close.The 30-scrip BSE Sensex which had opened at 37,749.59 points, traded at 37,873.28 points, higher by 228.38 points or 0.61 per cent from the previous close of 37,644.90 points.It has touched an intra-day high 37,911.69 points and a low of 37,689.71 points so far.The top gainers on the Sensex were Axis Bank, Reliance Industries, Yes Bank, Sun Pharma and Hindustan Unilever, while the major losers were Adani Ports, Vedanta, NTPC, Bharti Airtel and Tata Motors (DVR).

L.L. Bean rebuffs boycott over granddaughter’s big Trump donation
L.L. Bean rebuffs boycott over granddaughter’s big Trump donationA man wipes off the headlights of the L.L. Bean Bootmobile in the parking lot at the facility where the famous outdoor boot is made. L.L. Bean is pushing back against a boycott led by a group urging consumers not to shop at retailers that support President-elect Donald Trump after it was revealed that Linda Bean, heir of the Maine-based company’s founder, had donated to a political action committee that helped elect Trump. “We are deeply troubled by the portrayal of L.L. Bean as a supporter of any political agenda,” Shawn Gorman, L.L. Bean’s executive chairman, said in a statement posted to Facebook late Sunday.