Business

Stock markets today: Banking, PSU, metal, realty and FMCG stocks fell by up to 0.30 per cent.

The domestic stock markets started the last day of the week on a negative note. Retreating from its lifetime high, the S-P BSE Sensex dropped 98.32 points or 0.26 per cent to trade at 37,926.05 in opening trade.

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ICICI Bank, the country's third largest lender by assets, hit its highest level since February 1.

Domestic shares rose to fresh highs on Thursday, with the BSE benchmark index Sensex breaching the 38,000 level for the first time ever. The Sensex ended 136 points higher at 38,024 while the NSE Nifty settled 20 points up at 11,470, both record

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BPCL logged a net profit of Rs 2,293 crore in the fiscal first quarter that ended on June 30

Bharat Petroleum Corporation reported a better-than-expected quarterly profit on Wednesday, helped by strong refining margins.

Profit rose three-fold from a year earlier to Rs 2,293 crore ($334.16 million) in the first quarter ended June 30, the

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Petrol, Diesel prices today: The new fuel rates are applicable from 6 am on August 10, 2018.

The prices of petrol and diesel were raised by the state-run oil marketing companies (OMCs) on Friday. According to the revised rate chart, petrol can be bought today for Rs. 77.13 per litre in Delhi. The petrol is available in Mumbai, Kolkata and Chennai

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Home buyers had moved the top court stating 32,000 people had booked flats - were now paying instalments

New Delhi: In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters

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Mumbai: The Reserve Bank of India said on Wednesday that it has decided to pay a dividend of Rs 50,000 crore to the Union government for the year ending June 30, 2018. The decision was taken at its board meeting held here.

"The Central Board of Directors of the Reserve Bank of India, at its meeting held on August 8, 2018, approved the transfer of

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Amazon Freedom Sale: Amazon India has announced over 20,000 deals across categories

Amazon India on Thursday launched a limited-period sale to offer special deals and discounts on a variety of products. Called "Amazon Freedom Sale", the four-day event will enable users to avail up to 80 per cent discount in select categories, the e-commerce major

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The acquisition of Flipkart will give Walmart a stronger foothold in Asia's third-largest economy.

The Competition Commission of India (CCI) has approved US retail giant Walmart Inc's $16 billion acquisition of online marketplace Flipkart, beefing up the competition to Amazon.com Inc in the fast growing e-commerce market. Bentonville,

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In NCR, the number of such housing units has been estimated at over 1.8 lakh, said PropEquity.

More than 4.65 lakh housing units across the country are lagging their delivery deadlines, according to a report by property consultant PropEquity. Although the country's real estate or property market "may be witnessing green shoots of recovery in select

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Eicher Motors on Thursday reported a net profit of Rs 576 crore for the April-June period, driven by strong performance from its flagship brand Royal Enfield. Consolidated net profit was up 25 per cent year-on-year compared with Rs 460 crore for the quarter ended June 30, 2017. Revenue from operations came in at a record Rs 2,548 crore for the

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Ikea in Hyderabad: IKEA's Indian website shows popular products at lower prices than in the US.

Five years, commitment of 30 per cent local sourcing and a planned investment of Rs 10,500 crore is what Swedish furniture retailer Ikea had to make to launch its first store in India. The long-awaited Ikea store

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Analysts on average had expected earnings of Rs 1,435 crore, according to Reuters.

Hindustan Petroleum Corp Ltd posted an 86 per cent jump in first-quarter profit on Wednesday, beating analysts' expectations, driven by strong refining margins. The state-controlled company said net profit jumped to Rs 1,719 crore ($250.50 million) in the three

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Under Rs 646 pack, Airtel offers 100 minutes of outgoing calls to India, 100 SMSes and 500 MB of data.

Telecom operators offer a number of prepaid recharge plans for their subscribers. Apart from the plans meant for use within the country, they also offer few international roaming packs. These packs are offered by major telecom companies such as

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These petrol and diesel prices came into effect from 6 am on Thursday.

Fuel retailers kept the petrol and diesel rates unchanged for the second day in a row across metros. On Thursday, a litre of petrol was being sold in New Delhi for Rs. 77.06, in Kolkata for Rs. 80, in Mumbai for Rs. 84.50, and in Chennai for Rs. 80.05. A litre of diesel was

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Net sales rose 12 per cent to Rs 3,846 crore, the company said in a statement.

Drugmaker Cipla Ltd posted quarterly profit well above analysts' expectations, helped by strong growth in the domestic market. Net profit rose 10.4 per cent from a year earlier to Rs 451 crore ($65.67 million) in the first quarter ended June 30, the country's

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Interest rates on India Post Payments Bank savings accounts are fixed at 4% per annum

Payments banks aim to further financial inclusion by providing small savings accounts and payments/remittance services to migrant labour workforce, low-income households, small businesses, other unorganised sector entities

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Headline inflation is projected to rise to 5.2% in fiscal year 2018/19, IMF said.

NEW YORK: India is projected to clock an economic growth of 7.5 per cent in the 2019-2020 fiscal year on strengthening of investment and robust private consumption, the IMF said in its latest report.    The International Monetary Fund (IMF), in the report published on

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The next hearing of the case has been fixed for August 14.

All directors and promoters of real estate major Amrapali Group will be rendered homeless if the company fails to deposit Rs 5,000 crore needed to build unfinished projects, the Supreme Court warned on Wednesday. The top court also directed the group

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NEFT money transfer: Top banks charge a fee of Rs 2.5-25 per transaction under certain conditions

There are multiple platforms available today for making an online money transfer. Also known as wire transfer, online money transfer or e-transfer refers to remittance of funds from one bank account to another without direct intervention of bank

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CreditAccess Grameen's IPO or initial public offering received moderate response from investors on Day 1. The IPO of CreditAccess Grameen, a Bengaluru-based microfinance institution, is estimated at Rs 1,100 crore. At the end of the first day of issue, 47,83,205 bids were received as against the total issue size of 1,88,29,684, data available with

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Domestic stock markets scaled fresh record closing highs on Wednesday, boosted by banking stocks and energy heavyweights such as Reliance Industries and ONGC. BSE benchmark index Sensex closed 221 points, or 0.6 per cent, higher at 37,887 while the NSE Nifty settled at 11,450, up 60 points from the previous close. The Nifty Bank - an NSE sectoral i

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Analysts were expecting a profit of Rs 133 crore, according to Reuters.

Jindal Steel and Power Ltd posted its first profit in 15 quarters on Thursday and beat analysts' estimates, helped by higher iron and steel sales. Net profit was Rs 181 crore ($26.37 million) in the quarter ended June 30, compared with a loss of Rs 387 crore a year ago.

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Stock Market on Thursday: Twenty-five out of 50 Nifty stocks advanced in trade.

Nothing seems to be stopping the domestic equity markets as both the equity benchmarks hit fresh highs in opening trade on Thursday. The Sensex opened at 37,994.51, before hitting the 38,000 mark - its intra-day high so far is

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Sovereign gold, however, remained flat at Rs 24,600 per piece of eight grams.

Gold prices softened by Rs 20 to Rs 30,565 per 10 grams at the local market today owing to a slackened demand from local jewellers despite a firm trend in overseas markets, according to news agency Press Trust of India. Silver followed suit and cracked below the Rs

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Many banks have raised their fixed deposit or FD interest rates recently.

Fixed deposits or FDs are popular among small savers. As compared to market-linked instruments like stocks or bonds, FDs guarantee secure investment return over a period of time. Usually, new savers with low risk-appetite look for guaranteed return. Bank fixed deposits fit

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Interest rates on most small savings schemes have remained unchanged for three consecutive quarters

Top banks such as State Bank of India (SBI), HDFC Bank and Punjab National Bank have raised their interest rates on fixed deposit or FD. That means better return on investment (RoI) for the customer depositing money in a bank FD. Interest rates on

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Drug maker Lupin posted a bigger-than-expected fall in first-quarter profit on Wednesday, hurt by declining sales in the US and Japan.

Sanctions imposed by international regulatory bodies and warnings over quality control at production sites have hurt sales in the United States where Indian pharmaceutical firms accounted for a third of the drugs

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Sovereign gold, however, remained unaltered at Rs 24,600 per piece of eight grams

Gold prices dipped by Rs 5 to Rs 30,560 per 10 grams at the bullion market on Thursday due to tepid demand from local jewellers and a weak trend overseas, according to news agency Press Trust of India. However, silver recovered by Rs 55 to Rs 38,970 per kg on

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The rupee traded in a range of 68.57-68.71 during Wednesday's session before settling at 68.63

Extending its recovery against the US dollar to a second straight session, the rupee gained by 5 paise to close at 68.63 on Wednesday. Weakness in the dollar against a basket of currencies, amid prevailing fears of a trade war between the world's two

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Samsung's second quarter profit dipped to 11.04 trillion won, down from 11.05 trillion won a year earlier

South Korea's Samsung Group on Wednesday said it would invest $22 billion over the next three years in cutting-edge technology including artificial intelligence, self-driving cars and biopharmaceuticals, as it searches for ways to drive future

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