Extending their winning run to the eighth straight session, the benchmark Sensex on Tuesday jumped 292.20 points to end at new closing high of 29,571.04 and Nifty surpassed the 8,900-mark for the first time on optimism over Indo-US nuclear deal amid sustained foreign fund inflows.
The rupee depreciated by 9 paise to 61.51 in early trade on Tuesday at the Interbank Foreign Exchange market on fresh demand for the American currency from importers.
RBI likely to ease rates further, says Subramanian
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Microsoft on Monday reported that its quarterly profit dipped but revenue increased in a sign that it is adapting to lifestyles centered on mobile devices and cloud services.
Indian carriers set to fly into profit zone in Oct-Dec quarter
Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.
Ahead of President Barack Obama and Prime Minister Narendra Modi’s two crucial back-to-back meets on Monday with top CEOs from India and the US, Ajay Banga, chairman of the US India Business Council and president and chief executive officer MasterCard spoke to HT on a range of issues including India’s image as an investment destination and key areas of concern. Excerpts:
Indian stock, debt and currency markets are closed on Monday on the occasion of Republic Day. Trading will resume on Tuesday.
India and the US will resume talks on a bilateral investment treaty that has been in the works for almost seven years but is being held back by several issues, including differences over intellectual property rights.
Business leaders treaded with caution unlike diplomats and politicians in applauding the breakthrough in the stalled civil nuclear deal on the first day of US President Barack Obama’s visit to India.
Finance minister Arun Jaitley has hinted at not raising tax rates and providing incentives for manufacturing in the upcoming budget, while asserting that “structural changes” will have to be made to get the economy on track for 8-9% growth.
The government has drawn up an ambitious roadmap to enhance skill levels of millions of people who join the queue of job hopefuls every year.
India’s third-largest IT services exporter, Wipro, is all set roll out its software products in the market within the next one-and-a-half years.
Abdullah died early on Friday and his brother Salman became king, the royal court in the world's top oil exporter and birthplace of Islam said in a statement carried by state television.