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Sensex slumps 361 points; Nifty ends below 17,550
Business

Sensex slumps 361 points; Nifty ends below 17,550

Mumbai, Oct 1: Extending its losses for the fourth straight session, equity benchmark Sensex tumbled 361 points on Friday, weighed by HDFC twins, ICICI Bank and TCS amid a weak trend in global markets.The 30-share BSE index ended 360.78 points or 0.61 per cent lower at 58,765.58. Similarly, the...
SBI Card to start three-day festive cashback offer from Oct 3
Business

SBI Card to start three-day festive cashback offer from Oct 3

New Delhi, Sept 29: India's largest pure-play credit card issuer SBI Card on Wednesday announced its three-day festival to offer cashback benefits for online shopping on all domestic e-commerce platforms beginning next month. The three-day mega shopping festive offer Dumdaar Dus will start...
Zee Entertainment, Sony India announce merger; Punit Goenka to lead new entity
Business

Zee Entertainment, Sony India announce merger; Punit Goenka to lead new entity

New Delhi, Sep 22: Leading media firms Zee Entertainment and Sony Pictures on Wednesday said they have received in-principle approval for a merger that will combine both companies' linear networks, digital assets, production operations and program libraries. Further, Sony Pictures...
Ford India workers future in TN govts hands: Ex-Union leader
Business

Ford India workers' future in TN govt's hands: Ex-Union leader

Chennai, Sept 20: The job security of the Ford India Private Ltd's workers is in the hands of the Tamil Nadu government and it cannot be a neutral player, said a former union leader of Hindustan Motor Finance Corporation Ltd and a noted lawyer dealing in labour matters.Car maker Hindustan...
Sensex crosses 59k for first time; Nifty leaps to fresh high
Business

Sensex crosses 59k for first time; Nifty leaps to fresh high

Mumbai, Sept 16: The BSE Sensex scaled the 59,000-mark for the first time on Thursday, propelled by gains in Reliance Industries, ITC and ICICI Bank amid unabated foreign fund inflows and positive cues from European markets. The 30-share index climbed 417.96 points or 0.71 per cent to close at...
Nifty hits new high, Sensex up 260 points
Business

Nifty hits new high, Sensex up 260 points

Mumbai, Sep 15: The key Indian equity indices traded on a positive note on Wednesday morning with the Nifty50 on the National Stock Exchange scaling a new high. It touched a fresh record high of 17,458.80 points. Around 10.30 a.m., Nifty was trading at 17,456.05, higher by 76.05 points or 0.44...
Nifty hits record high, Sensex up 200 points
Business

Nifty hits record high, Sensex up 200 points

Mumbai, Sep 14: The Indian stock market opened on a positive note on Tuesday with the Nifty50 on the National Stock Exchange (NSE) touching a record high. Nifty hit a fresh high of 17,438.55 points. Healthy buying was witnessed in auto and banking shares. Around 10.20 a.m., it was trading...
Sensex loses 350 points, RIL shares down 2%
Business

Sensex loses 350 points, RIL shares down 2%

Mumbai, Sept 13: The BSE Sensex declined around 350 points on Monday morning tracking weakness in the global markets. Slump in the shares of index-heavyweight Reliance Industries (RIL) also pulled the indices lower. Around 10.15 a.m., RIL shares on the BSE were trading at Rs 2,373, lower by Rs...
Ford Indias staff, dealers left in lurch as company to shut plants
Business

Ford India's staff, dealers left in lurch as company to shut plants

New Delhi/Chennai, Sept 9: Automobile manufacturer Ford India's decision to stop manufacturing at its two domestic plants has left employees and dealers in lurch.Around 4,000 Ford employees in addition to another 40,000 employed with the dealerships are expected to be affected by the company's...
New Highs: Sensex hits 58,500; RIL shares surge
Business

New Highs: Sensex hits 58,500; RIL shares surge

Mumbai, Sep 6: The Indian stock market traded in the green on Monday morning with the BSE Sensex touching a new record high. Sensex has touched a fresh high of 58,515.85 points and the Nifty50 on the National Stock Exchange 17,429.55 points.Around 10.15 a.m., Sensex was trading at 58,421.04, higher...
Govt to further strengthen Jan-Dhan Yojana as it completes 7 years of implementation
Business

Govt to further strengthen Jan-Dhan Yojana as it completes 7 years of...

New Delhi, Aug 28: Government proposes to further strengthen its national mission on financial inclusion under the Pradhan Mantri Jan-Dhan Yojana (PMJDY) by extending facilities for micro insurance including life and accident cover for all account holders under the scheme.In its eighth year of...
Govt approves raising family pension of bank staff
Business

Govt approves raising family pension of bank staff

New Delhi, Aug 25: The families of deceased bank employees will receive up to 30 per cent of the last drawn salary of the employee under the National Pension Scheme (NPS). Contribution made by PSBs for employee pensions under the National Pension Scheme has been hiked to 14 per cent from the...
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