India Business

Finally, Rupee Reaches Its 9-Year Peak

US Dollar DropsMumbai: The rupee beefed up past 40 per dollar today for the first time in

Indian Stock Market Tumbles After Opening Above 16k

Bombay Stock ExchangeAfter opening positively at 16,341.55, the 30 share index has been fluctuating between the positive and negative in the morning sessions of the trade. Selected stocks from auto and real estate boosted, whereas IT and banking stock declined.

Kharif Foodgrain Production Estimates Lower At 112.24 Mt

New Delhi: The country’s production of cotton, soyabean, sugarcane and kharif maize is estimated to scale record highs in the recent fiscal.

ONGC Thinks Over Stock Split & Bonus Issue

New Delhi: There could be excellent news for retail capitalists in ONGC stock. The company is planning a stock split besides giving bonus to its shareowners.

India’s Central Bank May Not Follow Fed Way Soon

Mumbai: The Reserve Bank of India (RBI) will not go after the US Federal Reserve Board, and may not slash interest rates in a little while.

Market analysts said that the central bank that has been following a compressed money strategy will possibly not play with key policy rates in the coming time.

India Glycols Announces 30% Dividend For Shareholders

At the company’s 23rd Annual General Meeting (AGM) held on Aug. 25, the members of India Glycols have sanctioned the announcement of dividend at 30%, or Rs 3 per share of the value of Rs 10 each.

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