The Employees Provident Fund Organisation (EPFO) hit the stock market on Thursday, with an estimated amount of Rs 5,000 crore.
The BSE sensex on Friday gained 17.19 points extending gains for the third consecutive day and closed at 28,463.31, as investors remained on the sidelines on lack of triggers from both the domestic and global fronts.
World markets tumbled on Monday as Greece imposed capital controls and shut its banks for a week after global creditors refused to extend the country's bailout beyond June 30. A lowdown:
The benchmark S&P BSE Sensex recovered moderately by 54 points to end at 26,425.30 on short-coverings by operators ahead of announcement of key macro economic data later on Friday.
The rupee recovered by 5 paise to trade at 63.92 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on fresh selling of the American currency by exporters.
Bills for postpaid mobile service, piped gas and water supply can now be submitted as proof of address for opening account with banks or other financial institutions, the Reserve Bank said on Thursday.
India Inc described the GDP figures released on Friday as encouraging, saying these confirmed industry's assessment that the economy is showing signs of recovery.
The US economy contracted 0.7 % in the first quarter of 2015, with the impact of a ports slowdown and cautious consumer spending worse than originally estimated.The Commerce Department's revised estimate of confirmed the stall in the first three months of the year
The economy grew at 7.3% in 2014-15, up from 6.9% a year ago, government data showed on Friday.
Coming of the red after seven quarters, SpiceJet posted a Rs 22.51 crore net profit in the January-March period of FY15, helped by a Rs 650 crore funding by the new promoter, renegotiated contracts with its vendors and provisioning for re-delivery expenses.
Chinese e-commerce giant Alibaba is working with 17 shoe manufacturers here to cultivate home-grown brands online after being criticised and even sued by luxury brand Gucci for facilitating the fake-goods trade.
Budget airline SpiceJet, in the middle of a turnaround, has decided to bring the salaries of its Bombardier Q400 pilots on par with those who fly Boeing 737 planes.
From team holidays to adventure trips to freebies including laptops, washing machines and even bikes, start-ups are pulling out all stops to retain employees this appraisal season.
I believe what we have is a pretty decent report card. On the global stage India features among the top two. One year is too short to brand India as an attractive investment destination, but the build-up has happened and now we need to maintain it. To improve the ease of doing business, states must also chip in and respond.
The rupee depreciated by 11 paise to 63.78 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas riding on strong economic data.