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Business

Rupee snaps 4-day losing run, ends marginally up at 74.62 vs USD

Mumbai: The rupee halted its four-session losing streak on Friday, settling with a marginal 2 paise gain at 74.62 to the US dollar, as stronger Asian peers against the greenback lent support to the domestic unit.


Cabinet approves PLI scheme worth about Rs 2 lakh crore: Finance Minister

New Delhi: The government on Wednesday approved a Production-Linked Incentive (PLI) scheme for ten key sectors, including telecom, automobiles, and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period.


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Rupee slumps 18 paise against US dollar to 74.36

Mumbai: The rupee declined by 18 paise to close at 74.36 against the US dollar on Wednesday, tracking a strengthening American currency in the overseas market and higher crude prices.

Benchmarks scale fresh peaks; IT, metal, pharma stocks shine

Mumbai: The BSE Sensex defied gravity for the eighth straight session to finish at yet another record high on Wednesday as positive global cues and robust foreign fund inflows fuelled risk-on sentiment.

Rupee slips 3 paise to 74.18 per USD

Mumbai: The rupee depreciated by 3 paise to close at 74.18 against the US dollar on Tuesday as higher crude oil prices and a stronger greenback overseas weighed on sentiment.

15th Finance Commission submits report to President

New Delhi: The 15th Finance Commission on Monday submitted its recommendations on the ratio in which taxes are to be divided between the Centre and states over the next five years.

Rupee slips 7 paise to close at 74.15 against USD

Mumbai: The rupee gave up intra-day gains to settle 7 paise lower at 74.15 against the US dollar on Monday, tracking weaker Asian peers against the greenback.

Rupee rebounds 40 paise to close at 74.36 a dollar

Mumbai: The Indian rupee on Thursday staged a smart recovery to end at 74.36 against the US dollar, clocking a gain of 40 paise amid positive sentiments in domestic and global markets.

SBI Q2 net profit jumps 55 % to Rs 5,246 cr as bad loans decline

Mumbai: The country's largest lender State Bank of India (SBI) on Wednesday reported a 55.41 percent rise in consolidated net profit at Rs 5,245.88 crore for the second quarter ended September 30 on account of a decline in bad loans.

Rupee hits over 10-week low, slumps 35 paise against USD

Mumbai: The Indian rupee on Wednesday plunged by 35 paise to close at its weakest level in over 10 weeks at 74.76 against the US dollar as investors appeared cautious looking for clarity on the US election outcome and the latest tranche of fiscal stimulus.

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