Business

At the interbank foreign exchange the rupee opened at 71.30 while the rupee had settled for the day at 71.29 against the US dollar on Thursday.

FM Nirmala Sitharaman said that there are several structural issues related to storage of onions and the government is trying to address them.

Onion prices have been ruling high for the past few weeks even as various measures have been initiated to increase supply of the key kitchen staple.

According to Moneycontrol, highly placed sources said that Bahl’s inability to secure a television license despite trying for it since 2016 have rattled Bloomberg LP founder Michael Bloomberg.

The BSNL has also raised concern before the Department of Telecom about orders being issued by it for repatriation or deputation of some employees to other organisations, which is creating indiscipline among certain quarters of the deployed officers.

The Ujjivan Small Finance Bank IPO has received bids for 12.92 crore equity shares on Day 1 so far, against the issue size of 12.39 crore shares, excluding the anchor portion.

Under the new Act, a state nodal agency under Director, Industries and Commerce will be set up to monitor and supervise the overall functioning of the district level nodal agency, to be headed by the Deputy Commissioners, the release said.

Vodafone Idea Ltd shares soared over 28% after the company announced new plans under which call and data charges will be dearer for its pre-paid customers by up to 50% from December 3.

This is the 28th consecutive month that the manufacturing PMI has remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

Sitharaman's comments followed data released on Friday that showed India's economic growth slowed to 4.5% in the July-September quarter, upping the pressure on Prime Minister Narendra Modi's government to speed reforms.

Coal production fell steeply by 17.6 per cent, crude oil by 5.1 per cent, and natural gas by 5.7 per cent. Production of cement (- 7.7 per cent), steel (- 1.6 per cent), and electricity (- 12.4 per cent) also declined during the month.

The Committee of Jaypee Creditors met NBBC and Suraksha representatives for several hours to discuss threadbare their takeover offers, before asking them to further revise the bids.

As part of the comprehensive set of proposals, Tata Steel Europe intends to lower employment costs.

The attached assets are four immovable properties valued at Rs 3.80 crore -- three residential-cum-business houses in Jaipur, a flat located in a posh locality in Mumbai -- and fixed deposits of Rs 1.31 crores in SBI, Jaipur.

Morgan Stanley said that ICICI Bank is about to witness a ‘super-normal’ profit cycle on the back of market share gains and lower credit cost.

The unions, representing more than half of BSNL employees, have alleged that the management is threatening employees of reduction in retirement age to 58 years and far away postings if the employees don't opt for VRS.