Witnessing heavy selling pressure in almost all the sectors, the benchmark BSE Sensex dipped below 27,000-mark to hit its lowest levels in almost 2-1/2 weeks, on fears of a drought in the country this year.
Shares of Nestle India slumped over 10% on Wednesday amid growing concerns about safety standards of its popular Maggi noodles.
With the Swiss government signing a landmark Automatic Exchange of Information (AEOI) agreement with the European Union (EU) last week, efforts are underway for a similar bilateral pact with India.
Brazil is poised to raise interest rates by 50 basis points on Wednesday for the fifth straight time, maintaining its tight money campaign to battle inflation despite fears it could worsen an expected economic recession.
The Reserve Bank of India is not more comfortable over inflation now than it was at its previous policy in April, Governor Raguram Rajan said in an interview to the ET Now television channel on Wednesday.
In restricted activity, the rupee was steady at 63.82 against the American currency in late morning trade owing to alternate bouts of demand and supply transactions of dollars.
Three senior SpiceJet executives, including the airline’s chief of flight safety, have been asked to leave in the last one month, sources said.
India may be staring at its first drought in six years with the government downgrading the monsoon forecast on Tuesday, sparking concerns about growth in Asia’s third-largest economy as it recovers from its worst slowdown in 25 years.
From June 15, BSNL subscribers will not have to pay roaming charges. The service would be offered for a period of one year to begin with, and extended depending on the response.
Belgium is recovering nearly 540 million euros ($600 million) from its “black money” probe into 829 accounts in HSBC Private Suisse Bank in Geneva, the Belgian finance ministry confirmed to HT on Tuesday.
The Reserve Bank of India (RBI) cut its policy interest rate by a quarter percentage point on Tuesday, easing policy for a third time this year, in a move that was widely expected as policymakers try to put the improving economy on a firmer footing.
IoT is a scenario where objects, animals and people are provided with unique identifiers and the ability to transfer data over a network, without requiring human-to-human or human-to-computer interaction.
The BSE Sensex and Nifty lost over 2% on Tuesday and the benchmark 10-year bond yield jumped as a forecast for weak monsoon rains raised doubts over whether the central bank could follow up Tuesday's interest rate cut with another this year.
The rupee is marginally up by 4 paise at 63.66 against the US dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased selling of the American currency by exporters and banks.
Nestle USA said it would remove artificial flavours as food companies are under pressure to offer less-processed products amid growing concerns that artificial colors and flavors could cause health problems.