Business

Widespread flooding hampered mining, construction and freight movement across parts of the country.

At the interbank foreign exchange, the rupee opened weak at 71.78 a dollar but soon gathered strength to touch a high of 71.62 before finally settling at 71.66, up 8 paise over its last closing.

Bharti Airtel emerged as the top gainer by surging 7.92 per cent after it announced to hike tariffs from December 3, followed by Reliance, Tata Motors, HUL, IndusInd Bank Axis Bank, Infosys and TCS.

In the week ended November 29, the benchmark S&P BSE Sensex managed to add 437.12 points, or 1.07%, to end at 40,793.81, while the Nifty rose 141.6 points, or 1.18%, to end at 12,056.

Ratings agency ICRA expects India’s growth rate to fall to 4.7% in Q2 of FY20 amid weak demand and tepid investment. The firm also sees the country’s gross value added (GVA) at basic prices growing 4.5% for the quarter.

Future Retail Ltd shares surged as much as 18.5%, while those of Future Consumer Ltd climbed nearly 16%. Future Enterprises Ltd and Future Market Networks Ltd were locked in an upper circuit of 20% and 5%, respectively.

Retreating from its lifetime peak scaled in the previous session, the 30-share index was trading 158.97 points, or 0.39 per cent, lower at 40,971.20 in morning session. Similarly, the broader NSE Nifty was quoting 38.45 points, or 0.32 per cent, down at 1...

Tata Motors Ltd shares fell 1.4% after a media report said that the company is working on a voluntary retirement scheme (VRS).

HDFC shares closed the session 1.5% higher at Rs 2,338 apiece, after hitting the day’s high of Rs 2,352.

The Competition Commission of India began an investigation in 2017 after allegations that five companies colluded on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector.

Latest data showed that the CSB Bank IPO has been oversubscribed by 78.38 times as it has received bids for 90.57 crore equity shares against its issue size of 1.15 crore shares.

The Chinese e-commerce giant has raised at least $11.3 billion from the secondary listing, which has been seen as a vote of confidence in Hong Kong amid six months of sometimes violent anti-government protests.

The 30-share index was trading 218.82 points, or 0.54 per cent, higher at 41,108.05. Similarly, the broader Nifty rose 51.55 points, or 0.43 per cent, to 12,125.50.

While passengers of Emirates will be able to access the SpiceJet network from early 2020, SpiceJet passengers travelling from India to Dubai can take benefit of Emirates' expansive network later.

SEBI had conducted an examination in the matter of Infosys and observed that Mazumdar Shaw had delayed making the requisite disclosures with respect to change in her shareholding in the company.

While announcing the name change, the management had explained: 'There is a misconception by the general public, of the bank being owned by a particular community, and this is not true.'