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Sensex, Nifty close at record peaks, metals shine

Markets

17 December, 2019

Sensex, Nifty close at record peaks, metals shine

Indian shares closed at record highs on Tuesday, led by gains in metal stocks as optimism over an initial Sino-U.S. ......

ArcelorMittal forms JV with Nippon Steel to run Essar Steel

Manufacturing

17 December, 2019

ArcelorMittal forms JV with Nippon Steel to run Essar Steel

ArcelorMittal SA said on Monday it had formed a joint venture with Nippon Steel Corp to run Essar Steel, the ......

RBI governor reiterates there is more scope to cut rates

Finance

16 December, 2019

RBI governor reiterates there is more scope to cut rates

There is scope in India for cutting interest rates further and the central bank will use it when required after ......

Sensex, Nifty settle lower, snap three-day winning streak

Markets

16 December, 2019

Sensex, Nifty settle lower, snap three-day winning streak

Indian shares erased early gains to end lower on Monday, dragged by losses in bellwether stocks, such as Reliance Industries ......

After WeWork fiasco, SoftBank's China strategy under the scanner

Finance

16 December, 2019

After WeWork fiasco, SoftBank's China strategy under the scanner

For SoftBank Group Corp, financial technology firm OneConnect's IPO should have been a vindication of an aggressive China investing strategy. Instead, ......

Nifty, Sensex post best week in six as risk sentiment rises

Markets

13 December, 2019

Nifty, Sensex post best week in six as risk sentiment rises

Indian shares ended about 1% higher on Friday, as prospects of a trade deal between the United States and China ......

Paytm parent allots shares to SoftBank, others as part of $1 bn fundraise

TMT

13 December, 2019

Paytm parent allots shares to SoftBank, others as part of $1 bn fundraise

SoftBank-backed Indian digital payments startup Paytm's parent is set to allot about 2.6 million shares to investors, according to a ......

Deloitte failed to meet standards in IL&FS unit audit, says regulator

Finance

13 December, 2019

Deloitte failed to meet standards in IL&FS unit audit, says regulator

Deloitte Haskins and Sells LLP (DHS) failed to meet auditing standards when it vetted the books of India's IL&FS Financial ......

India's economic worries mount as inflation quickens, industrial output shrinks

Finance

12 December, 2019

India's economic worries mount as inflation quickens, industrial output shrinks

India's retail price inflation in November jumped to a 40-month high on higher food prices, reducing the likelihood of the ......

Nifty, Sensex rise on govt boost for shadow banks

Markets

12 December, 2019

Nifty, Sensex rise on govt boost for shadow banks

Indian shares ended higher on Thursday as the government's move to ease rules for shadow banks lifted investor sentiment, with ......