The stock has gained 45.62% during the last one year and clocked 12.11% returns since the beginning of this year.

The sanctioned amount of Rs 16,000 crore does not include any expenses incurred or to be incurred for the buyback like filing fees, advisory fees, public announcement publication expenses, printing and dispatch expenses, and other incidental and related expenses, the company further added.

At 1:43 pm, the stock was trading 0.40% higher at 1,011 level.  The stock which opened at 1007.50 level on the BSE rose to its all-time high of 1023.50 on BSE.  The stock has been gaining for the last four days and has risen 3.72% during the period. The stock is up nearly 11% since the beginning of this year and has risen 47.11% during the last one year.

CLSA raised its price target to Rs 600 after the pharma firm reported a rise in net profit on May 25, 2018. \"We believe earnings have bottomed out for Sun Pharma,\" CLSA Research said.

The deliberations of the Reserve Bank of India's Monetary Policy Committee (MPC) will end today and the verdict is eagerly awaited. This is the first time that the six-member MPC, headed by RBI Governor Urjit Patel, is meeting for three days instead of the usual two since it was constituted in June 2016.

The FAQ makes it clear that free services, like ATM withdrawals and cheque book issuance, provided by banks to customers will not attract GST.

Pakistan expects to obtain fresh Chinese loans worth $1-2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad's growing reliance on Beijing for financial support.

The stock is down 32.77% since the beginning of this year. It has lost 38.25% during the last one year. The stock has been highly volatile with an intra day volatility of 5.78%. It has fallen after two days of consecutive gains.

\"With significant cleansing of the book largely behind, we expect provisioning expenses to decline sharply, while gradual pick -up in loan growth/margins is expected to further boost earnings. We raise our FY19/20E earnings by 36%/12% and revise our price target to  Rs 365 (1.5x FY20E ABV for bank). Maintain Buy, \" brokerage Motilal Oswal said in its report.

It is no secret that petrol and diesel in India are heavily taxed. But how much more (or less) do Indians pay when it comes to buying a litre of fuel?

The auto firm on Friday reported a 36.32% rise in net profit to Rs 1,175.47 crore led by robust sales across segments compared with net profit of Rs 862.25 crore during the last quarter of 2016-17.

Interestingly, while the retail prices have gone up, the price at which the fuel is sold to petrol pump dealers has come down drastically since 2013.

Markets regulator Sebi will consider penal action against Punjab National Bank and Gitanjali Gems after completion of its probe into suspected trading and disclosure related issues in the matter of over Rs 14,000 crore banking fraud, senior officials said.

Every $10 per barrel rise in the price will worsen India's fiscal balance by 0.1% and current account balance by 0.4% of GDP, according to estimates of global financial services major Nomura.