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Sensex Crashes 1,500 Points From Day's High; DHFL Shares Crash
Benchmark indices crashed in trade today, with the Sensex dipping 1,495 points from the day's high. The Nifty lost as much as 330 points at one stage, only to recover later and was down 171 points at 2.40 pm. The crash

Yes Bank Nosedives 30% After RBI Limits Rana Kapoor's Term
Yes Bank, the promoter-run private sector lender, in Friday's early morning trade today has reached a day's low of Rs. 210.10, declining huge 30% from Wednesday's close of Rs. 318.50. On Thursday, stock markets were closed on account of Muharram. {image-yesbank-1537503732.jpg

Atal Bimit Vyakti Kalyan Yojna Approved to Insure Employees from Job Loss
To provide financial support to those who lose their job, the Ministry of Labour and Employment on Wednesday launched a new scheme. At its 175th meeting, the Employees' State Insurance Corporation (ESIC) approved the 'Atal Bimit Vyakti Kalyan Yojna' to provide insurance

Govt Mulls Over Merging PNB, OBC And Andhra Bank: Report
As per the report by leading daily, after announcing the merger of 3 state-run banks namely BOB, Vijaya and Dena Bank, government by the end of this year is likely to announce another PSU Bank merger. This time the

Amazon And PE Fund Samara Capital Acquire Birla's More
As per the leading business daily report, Amazon and private equity fund Samara Capital have acquired Aditya Birla's grocery and food chain More at a financial consideration of Rs. 4200 crore. Under the More brand, ABRL operates as many as 575

MobiKwik Offers 50% Off on Petrol Price Only for Today; Check Details Here
Just for today between 6 and 9 pm, e-wallet services company, MobiKwik is offering its users a SuperCash offer to get a 50 percent discount on petrol price.  "Users will be able to use SuperCash to get a 50 percent off

PM Narendra Modi Has Only Rs 2.3 Crore in Assets and Owns No Car
Prime Minister Narendra Modi has been leading a life of simplicity as per the details made available by the PM's office this week that showed that his total assets accounted for only Rs 2.3 crore. His cash-in-hand has fallen by 67

Govt Mulls To Increase Import Duty On Steel Products To Support Rupee
In the wake of rupee's continuous devaluation, government in the past week has worked out some 5 measures to support the rupee and rein in the underlying CAD. And in this direction, steel ministry of India as per sources is considering

Sugar Stocks Decline As Govt Defers Sugar Export Subsidy Decision
Sugar stocks pared their early morning gains to trade lower after the Union Cabinet food minister Ram Vilas Paswan as per the Reuters report said on Wednesday that various proposals for supporting the sugar industry that includes decision on export subsidy

Non-Metro Petrol Pumps May Close if Petrol Price Crosses Rs 100/Litre
Petrol and diesel prices have not seen a day's decline since 15 August. Fuel prices in all the cities are at record rates. Petrol price per litre was increased to Rs 82.16 in New Delhi, Rs 89.54 in Mumbai, Rs 85.41

Share Buyback by Coal India, KIOCL Next Month Part Of Centre's Disinvestment Plan
The disinvestment programme of the Centre will get a push as state-run Coal India Limited and KIOCL or formerly Kudremukh Iron Ore Company are set to buyback their own shares. Mahanadi Coalfields (MCL), wholly-owned subsidiary unit of CIL, will

Trade War Intensifies as China Retaliates With Tariffs on US Goods Worth $60 Billion
The trade spat between the two biggest economies of the world has intensified. After the US president Donald Trump imposed a new round of tariffs on Chinese imports on Monday, China was provoked to retaliate. On Monday, the US administration

PSU Banking Stocks: Will The Glory Days Be Back?
Last year when the government announced the recapitalization of government banks, shares of government banks scaled dizzy heights. In fact, PNB shares surged to a high of Rs 231 (current market price Rs 79), Bank of Baroda scaled to Rs 206

India Defers Retaliatory Tariffs On US Imports To Nov 2
Even as the Sino-US trade war tensions have again taken a new worrisome path with the US President Trump planning to levy 10% tariff on Chinese goods worth $200 billion next week and the Chinese government in reciprocation announcing to retaliate

Rupee Closes at a Fresh All-Time Low of 72.97/Dollar
The Indian rupee dived 46 paise from the previous close to settle at a new all-time low of 72.97 against the US dollar. This marks a 13.50 percent drop in rupee value so far for the year. The government's measures

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