Business

Union Budget 2019: The BSE group ‘A’ stock of face value Rs 2 has touched a 52-week high of Rs 678 on 19 September 2018 and a 52-week low of Rs 483.75 on 29 January 2019.

Union Budget 2019: Asian Paints shares have risen 5.5% in the last one year compared with 12% gain in the benchmark Nifty 50 index.

Union Budget 2019: Sun Pharma shares have lost nearly 30% in the last one year compared with a 12% rise in the benchmark Nifty 50 index.

Replying to supplementaries during Question Hour, the minister said there has been a steady improvement in finances of Air India and the airline is set to make profit during the current financial year. He said Air India is currently making a revenue of Rs...

Even as the market continues to remain volatile ahead of the Union Budget, there is scope for gains in private banks including corporate lending banks, specialty chemicals, and infra space.

The government has reduced interest rates, which are reviewed every quarter, to bring them in line with the falling interest rate across the financial system after the RBI cut its benchmark policy rate thrice during the year.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 per cent from the central parity rate each trading day, the state-run Xinhua News Agency reported.

Minister of State for Finance and Corporate Affairs Anurag Thakur will preside over the event alongside key secretaries and officials of various departments, the finance ministry said in a release on Sunday.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.04 per cent to 96.15.

The broader NSE Nifty too fell 52.70 points, or 0.45 per cent, to end at 11,788.85. During the day, the index touched a low of of 11,775.50 and a high of 11,871.70.

The rupee is trading in a narrow range as forex traders are cautious ahead of the G20 Summit, amidst the US-China trade tiff and tensions in the Middle East.

Sebi chairman Ajay Tyagi told reports after a board meeting that it has been decided to ban mutual funds from entering into standstill pacts with companies apart from making them hold at least 20 per cent assets of liquid funds in cash equivalents.

A dip in consumption and private investment has exerted pressure on the fiscal math, RBI Governor Shaktikanta Das said in his foreword to the bi-annual Financial Stability Report released on Thursday.

In February, the government released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow.

Indian Steel Association's budget recommended the government to discourage imports of non-essential steel items that 'it produces and have the capacity to meet the entire domestic requirement'.

The index was trading 124.41 points, or 0.32 per cent, lower at 38,998.55 at 9:30 am. Similarly, the broader NSE Nifty was quoting 35.25 points, or 0.30 per cent, down at 11,664.40.