Equity benchmark Sensex climbed 154 points to end at a fresh all-time high on Monday, tracking gains in ICICI Bank, L&T and Kotak Bank amid persistent foreign fund inflows and a largely positive trend in global markets.
The wholesale price-based inflation rose to a 9-month high of 1.55 per cent in November as manufactured products turned costlier, while food prices eased. The WPI inflation was 1.48 per cent in October 2020 and 0.58 per cent in November last year.
Bread and biscuits maker Mrs Bectors Food Specialities is planning to hit the capital markets mid next week to raise around Rs 450-500 crore to fund the company's brownfield expansion of Rajpura manufacturing unit in Punjab.
The rupee strengthened by 5 paise to 73.59 against the US dollar in opening trade on Monday, supported by foreign portfolio inflows and strong opening in domestic equities.
Shares of Burger King India on Monday zoomed over 92 per cent in its debut trade against its issue price of Rs 60. The stock opened at Rs 115.35, a huge premium of 92.25 per cent against the issue price on the BSE. It later rose to a high of Rs 119.80, up 99.66 per cent.
The government has been trying for two years to divest Air India. It wants to divest 100 per cent stake in Air India and budget carrier AI Express, and sell its 50 per cent share in Air India SATS Airport Services.
In the previous session, Sensex ended 139.13 points or 0.30 per cent higher at 46,099.01, while Nifty rose 35.55 points or 0.26 per cent to 13,513.85.
Burger King India, which recently concluded its Rs 810-crore initial public offering, will make its debut on the stock exchanges on Monday.
The Indian Railways on Sunday refuted claims about issuance of unreserved tickets, saying that there has been no change in policy to run all Express trains, including festival specials and clone specials, as fully reserved trains only, by issuing reserved tickets for second class coaches coaches and passenger portion of SLRs coach.
Private sector Yes Bank is looking to build a brand around its credit card business and aiming to double its customer base in the segment in the next two years, the Head of its Credit Card Business Rajanish Prabhu has said.
With a view to effectively deal with increasing circulation of banknotes, the Reserve Bank of India (RBI) has decided to set up an Automated Banknote Processing Centre (ABPC) in Jaipur for receipt, storage and dispatch of currency notes.
Country's leading hypermarket chain Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official has said.
Come January 1 and GST taxpayers would be able to pay their tax dues on a self assessment basis without having to go through the cumbersome process of filing tax returns on a monthly basis.
RBI governor Shaktikanta Das had earlier announced that ‘positive pay system’ for cheque will be introduced soon, under which re-confirmation of key details will be needed for payments beyond ₹50,000.
The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through the courier mode and such restrictions only apply to imports.
RTGS, which started on March 26, 2004 with a soft launch involving four banks, presently handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore across 237 participant banks.
A highly placed source told PTI that the Labour Ministry has sent a proposal to the Finance Ministry to give concurrence to credit 8.5 per cent rate of interest on EPF for 2019-20 earlier this month.
Eight of the top-10 most valuable firms together added Rs 1,53,041.36 crore in market valuation last week in line with a bullish broader market trend, with Hindustan Unilever Ltd and Reliance Industries Ltd becoming the biggest gainers.
US-based United Airlines on Saturday launched its new daily non-stop service between Delhi and its hometown hub of Chicago.
The Uttar Pradesh government has delegated its power to grant licenses to run liquor bars to divisional commissioners, an official statement said on Saturday.
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