Vodafone Idea Ltd, Infibeam Avenues Ltd, YES Bank Ltd, Punjab National Bank, Indian Overseas Bank, Ujjivan Small Finance Bank Ltd, Bank of Maharashtra, and Rail Vikas Nigam Ltd were among the top companies that lost points in early trade.
Rs 2,000 notes deadline over: On Sept 30, RBI decided to extend the arrangement for deposit and exchange till Oct 7. With effect from Oct 8, 2023, banks shall stop accepting Rs 2,000 notes for credit to accounts or exchange to other denomination banknotes.
Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row.
Air India, owned by the Tata Group currently undergoing an ambitious transformation plan. The airline has been also working on a mega-merger plan to merge Air India Express, and Vistara with Air India. Air India placed an order for six A350-900 aircraft.
Mundra has emerged as a shining example of a city with a port-driven economy in India. The port's operations have facilitated trade and commerce, driving economic growth not just in Kutch but also in the larger national context.
Reserve Bank of India had started the process of increasing the repo rate in May 2022 after the outbreak of war between Russia and Ukraine last year. This trend of increasing the policy interest rate continued till February 2023. During this period, it was increased from four per cent to 6.5per cent
The major gainers in the Sensex stack are Bajaj Finserv, Titan, Bajaj Finance, JSW Steel, Maruti, Tata Motors and IndusInd Bank.
BHEL has paid Rs 88 crore as final dividend to Government of India for fiscal year 2022-23.
Asian shares experienced a rebound from their 11-month lows on Thursday, benefitting from a decline in oil prices and softer-than-expected US labor data. These factors contributed to improved market sentiment across the region.
The Reserve Bank of India said that Muneesh Kapur would be looking after the Department of Economic and Policy Research. He has worked for nearly three decades in the RBI in different capacities.
LPG cylinder subsidy: Pradhan Mantri Ujjwala Yojana beneficiaries will now be eligible for an additional subsidy of Rs 100 per cylinder. The Union Cabinet had in August cut LPG domestic gas cylinder prices by Rs 200 for all consumers.
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Das further said retail inflation is still high at 6.8 per cent and expected to come down sharply in September and October, but there is still some pessimism on Kharif output especially relating to pulses which has the potential to push up prices further.
The BSE Sensex recorded a substantial decline of over 450 points, while the NSE Nifty dipped below the 19,400 mark.
The company achieved a coal production of 16.05 million metric tonnes (MMT) during H1 FY24, as compared to 8.76 MMT in H1 FY23 (April-September 2022).
The report attributes this resilience to robust domestic demand, substantial public infrastructure investments, and a strengthening financial sector.
The conglomerate led by mining magnate Anil Agarwal unveiled a substantial business restructuring plan on Friday. As part of this strategic move, Vedanta's flagship company has given the green light to spin off its metals, power, aluminum, and oil and gas businesses into separate listed entities.
At the opening bell, the Sensex stood at 65,511, while the broader Nifty index was at 19,537. This downward trend in the stock market reflects cautious sentiment among investors.
The said operations include a total of six large-scale API manufacturing facilities, three each in Visakhapatnam and Hyderabad, a Research and Development facility here, as well as third-party API sales.
The PSU had produced 45.7 MT of coal in the year-ago period, Coal India Ltd (CIL) said in a BSE filing.
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