At 9:15 AM, the S&P BSE Sensex is trading at 24,712 up 38 points, while NSE Nifty is trading at 7,578 up 23 points. Asian markets are mixed. Nikkei has dropped by 1.5% while China's CSI300 rose 1.5%. Hong Kong's Hang Seng, South Korea's Kospi and Taiwan's TWSE are down 0.2% each.
At 9:15 AM, the S&P BSE Sensex is trading at 24,712 up 38 points, while NSE Nifty is trading at 7,578 up 23 points.
The Indian rupee opened lower by 3 paise at 66.50/$ on Monday as against the previous close of 66.50/$. Indian rupee regained lost ground, helped by selling of US dollars by the domestic banks. Meanwhile, RBI governor stated that the measures taken by central bank to attain the inflation target of 4% will help in containing the overall volatility.
US markets had managed some gains on Friday following a bounce back in crude oil prices. Asian markets are mixed. Nikkei has dropped by 1.5% while China's CSI300 rose 1.5%. Hong Kong's Hang Seng, South Korea's Kospi and Taiwan's TWSE are down 0.2% each.
Reliance Industries Ltd (RIL) is ready to strike a compromise with the Government over its dispute on natural gas prices, reports a business daily.
Ashok Leyland Ltd is planning major expansion of its defence business in the wake of winning a big order from the Defence Ministry, reports a business daily.
DLF Ltd is seeking expressions of interest from several top global investors to sell a 40% stake in its rental assets arm as it seeks to pare debt. The rental assets arm holds about 20 million sq.ft of leased-out office space and is valued at about $2 billion, a top company executive said.
Lodha Group has appointed close to 11 senior associates at various levels, says report.
Finance Minister Arun Jaitley reiterated the Government's stance on excise duty on non-silver jewellery, saying that a luxury item cannot remain out of tax ambit when taxes need to be paid on many essentials.
Bharti Airtel has acquired 4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore for Tamil Nadu, Bihar, J&K, West Bengal, Assam.
Sanjeev Gupta formally took charge of Tata Steel’s loss-making plants in Scotland.
The Indian rupee opened lower by 3 paise at 66.50/$ on Monday as against the previous close of 66.50/$. Indian rupee regained lost ground, helped by selling of US dollars by the domestic banks. Meanwhile, RBI governor stated that the measures taken by central bank to attain the inflation target of 4% will help in containing the overall volatility.
US markets had managed some gains on Friday following a bounce back in crude oil prices. Asian markets are mixed. Nikkei has dropped by 1.5% while China's CSI300 rose 1.5%. Hong Kong's Hang Seng, South Korea's Kospi and Taiwan's TWSE are down 0.2% each.
Reliance Industries Ltd (RIL) is ready to strike a compromise with the Government over its dispute on natural gas prices, reports a business daily.
Ashok Leyland Ltd is planning major expansion of its defence business in the wake of winning a big order from the Defence Ministry, reports a business daily.
DLF Ltd is seeking expressions of interest from several top global investors to sell a 40% stake in its rental assets arm as it seeks to pare debt. The rental assets arm holds about 20 million sq.ft of leased-out office space and is valued at about $2 billion, a top company executive said.
Lodha Group has appointed close to 11 senior associates at various levels, says report.
Finance Minister Arun Jaitley reiterated the Government's stance on excise duty on non-silver jewellery, saying that a luxury item cannot remain out of tax ambit when taxes need to be paid on many essentials.
Bharti Airtel has acquired 4G spectrum rights from Aircel for 8 circles for Rs 3,500 crore for Tamil Nadu, Bihar, J&K, West Bengal, Assam.
Sanjeev Gupta formally took charge of Tata Steel’s loss-making plants in Scotland.
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