Led by pvt sector lenders, bank credit up 3.4% in Dec quarter

Jun 18 2018

Bank credit grew 3.4 per cent on a sequential basis in the December 2017 quarter, helped by better performance by private sector banks and an uptick in industrial credit, show the RBI data.

Rupee up marginally by 2 paise; US-China trade tiff weighs

Jun 18 2018

The rupee staged a recovery towards the fag-end of the session today and ended with a marginal 2 paise gain at 67.99 against the US dollar even as geopolitical worries continued.

Airlines, telecom, pharma, IT may see earnings pressure in FY19

Jun 18 2018

Sectors like airlines, telecom, real estate, pharmaceuticals, IT and sugar may witness earnings pressure in FY19, a report said.

Government bonds, call money rates rise

Jun 18 2018

The 7.17% 10-year benchmark bond maturing in 2018 climbed to Rs 95.31 from Rs 95.23 previously, while its yield softened to 7.88% from 7.89%.

GST formalising economy, widening tax base: FinMin

Jun 18 2018

The Finance Ministry today said it would be increasingly difficult for businesses to remain outside the tax net as GST is leading to formalisation of the economy.

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Stocks In News



U.P. Govt cancels Purvanchal Expressway bids

Co's Rs 1,740 Cr bid for expressway section cancelled

U.P. Govt to re-invite bids for expressway project


Settles Abraxane patent dispute with Celgene Corp

Partner Apotex may sell generic of Abraxane in U.S.


Telecom Department may clear Vodafone-Idea merger today



Dr. Reddys new drug hits legal hurdle

U.S. court issues restraint order following patent litigation over Suboxone

Company remains confident in its legal positions on this patent Court order does not include a prohibition on commercial manufacturing of the product

The court has scheduled an expedited hearing of the preliminary injunction for June 28 Ruling is expected soon thereafter


Board mulls reshuffle of top management

ICICI Prudential Life Chief Bakshi may be named ICICI bank interim

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