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BusinessToday.In
New Delhi, September 14, 2018
According to the government data released Friday, food articles registered deflation at 4.04 per cent in August 2018. Last month, deflation in this category was 2.16 per cent.


BusinessToday.In
September 14, 2018
The Indian currency has gained 123 paise in two sessions on report that PM Narendra Modi would hold a meeting to discuss economic scenario and the deteriorating rupee situation over this weekend.


BusinessToday.In
September 14, 2018
At 9:57 am, the Sensex rose 205 points to 37,923 level. The Nifty too gained 72.85 points to 11,442 points. Brent crude, which hit $80 per barrel two days ago, was trading at $78.25 a barrel.


BusinessToday.In
New Delhi, September 14, 2018
A litre of petrol is being sold for Rs 84.49 in Chennai, while it is Rs 83.14 in Kolkata. Diesel is being sold at Rs 77.49 in Chennai and Rs 75.36 in Kolkata.


BusinessToday.In
September 13, 2018
The decision comes right ahead of the festive season in India when buyers show interest in consumer durables.


BusinessToday.In
New Delhi, September 13, 2018
Govt approves procurement policy worth Rs 15,000 crore to ensure remunerative prices to farmers; RBI pulls back rupee from the brink by selling dollars; and Walmart and Flipkart employees can switch between companies. Watch this episode of Business Wrap.


BusinessToday.In
New Delhi, September 13, 2018
RBI pulls back rupee from the brink by selling dollarsThe rupee slumped to a historic low of 72.91 in morning trade on Wednesday forcing the RBI to sell US dollars in the market through public sector banks to bring the Indian currency back from the brink. The government also issued a statement that the rupee would not be allowed to crash to an unreasonable level which further bolstered sentiments and enabled the rupee to climb back to 72.18 vis-a-vis the US dollar at the end of th...


BusinessToday.In
September 13, 2018
Sentiment was bolstered on Wednesday after the government said all steps will be taken to ensure the domestic currency does not depreciate to \"unreasonable levels\", amid reports that Prime Minister Narendra Modi will take stock of the economic situation over the weekend.


BusinessToday.In
New Delhi, September 13, 2018
While the government has refused to cut the high excise duty, some states like Rajasthan, Andhra Pradesh and West Bengal have cut VAT to pass on some relief to consumers.


Mail Today Bureau
New Delhi, September 13, 2018
The government also issued a statement thatthe rupee would not be allowed to crash to an unreasonable level which further bolsteredsentiments and enabled the rupee to climb back to 72.18 vis-a-vis the US dollarat the end of the day to settle at 51 paise higher than the previous day'sclose.


BusinessToday.In
New Delhi, September 12, 2018
Sameet Chavan, Chief Analyst, Technicals and Derivatives at Angel Broking, takes viewers through all the market action today. The Sensex surged in late afternoon trade to finish higher by 305 points at 37,717.96. The broader NSE Nifty too jumped 82 points to end at 11,369.


BusinessToday.In
September 12, 2018
Reversing a two-day meltdown, equity indices staged a smart pullback Wednesday as investors scooped up recently-hammered FMCG, metal and capital goods stocks amid a recovery in the rupee.Sentiment was bolstered after the government said all steps will be taken to ensure the domestic currency does not depreciate to \"unreasonable levels\", amid reports that PM Narendra Modi will take stock of the economic situation over the weekend.The Sensex surged in late afternoon trade to finish higher by ...


BusinessToday.In
New Delhi, September 12, 2018
The Indian currency hit a fresh record low of 72.91 against the dollar on Wednesday, only to recover to Rs 72.35. The currency has fallen over 13 per cent against the dollar since January.


BusinessToday.In
September 12, 2018
While the Sensex rose 325 points to hit an intra day high of 37,738, the Nifty recovered 93 points to touch 11,380 level. Top gainers on the Sensex were Adani Ports (2.82%) , Sun Pharma (2.77%) and ITC  (2.59%).


Kamlesh Damodar Sutar
Mumbai, September 12, 2018
The state government has anticipated that rupee will further fall to 80 mark against the US dollar and the new cost of the chopper would shoot up to Rs 145.27 crores from Rs 127.11 crore.


BusinessToday.In
September 12, 2018
Credit Suisse in a note said an overhang on Titan is potential regulatory action if rupee depreciation worsens. In 2013, govt had taken measures to curtail gold imports to support the currency.


BusinessToday.In
September 12, 2018
The court said that the fuel price is a matter of national policy, any orders will have ramifications.


BusinessToday.In
September 12, 2018
On Tuesday, foreign institutional investors pulled out Rs 1,454 crore from the Indian stock markets-their highest daily outflow in over three months. Brent crude, used to price international oils, gained 57 cents to $79.63 a barrel.


PTI
September 11, 2018
The continuing plunge in the Indian rupee, coupled with the rising crude prices, will give the states a windfall in tax revenues to the tune of Rs 22,700 crore over and above the budget estimates for the current fiscal.


BusinessToday.In
New Delhi, September 11, 2018
Ruchit Jain, Technical Analyst at Angel Broking, takes viewers through all the market action today. While the Sensex closed 509 points or 1.34% lower at 37,413, Nifty fell 150 points or 1.32% to 11,287 level.


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