BUSINESS

Sensex snaps 2-day rally, ends flat amid profit-booking

7:55 pm May 25, 2021

Mumbai: The BSE benchmark Sensex took a breather on Tuesday after a two-session rally as investors cashed in gains in index heavyweights HDFC twins and Reliance Industries despite firm global cues and declining COVID-19 cases. The 30-share gauge settled 14.37 points or 0.03 per cent lower at 50,637.53. The broader NSE Nifty inched up 10.75 […]

Sensex, Nifty end flat amid profit-booking

7:41 pm May 25, 2021

Mumbai: Equity benchmarks Sensex and Nifty ended on a flat note after range-bound trade on Tuesday as investors booked profits at higher levels following the market’s sharp recovery over the past few sessions. The 30-share BSE Sensex settled 14.37 points or 0.03 per cent lower at 50,637.53, while the broader NSE Nifty advanced 10.75 points […]

Flipkart expands benefits for sellers under 'Growth Capital' programme

Flipkart restructured biz model to exercise control over inventory, retail prices, alleges CAIT

10:50 pm May 20, 2021

New Delhi: Traders’ body CAIT on Thursday urged the government to investigate the ”blatant” violation of FDI and taxation rules by e-commerce major Flipkart, alleging that the Walmart-owned firm had ”creatively” restructured its business model to exercise control over inventory and retail prices. Flipkart was violating FDI policy ”by creatively structuring its marketplace business model and creating a […]

Sensex tumbles 338 pts; Nifty slips below 15K

7:42 pm May 20, 2021

Mumbai: Equity benchmark Sensex tumbled 338 points on Thursday, dragged by losses in index majors HDFC Bank, Reliance Industries and ICICI Bank amid weak global cues. Slipping below the 50,000 mark, the 30-share BSE index ended 337.78 points or 0.68 per cent lower at 49,564.86. The broader NSE Nifty declined 124.10 points or 0.83 per […]

Rupee rises 6 paise to close at 73.12 against US dollar

7:38 pm May 20, 2021

Mumbai: The rupee strengthened by 6 paise to end at 73.12 (provisional) against the US dollar on Thursday, tracking the weakness in the American currency in the overseas market. At the interbank forex market, the local unit opened at 73.16 against the greenback and witnessed an intra-day high of 73.09 and a low of 73.17. […]