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Government Imposes Security Condition On Foreign Direct Investment In Defence
Reuters | Thursday September 17, 2020The government had allowed foreign firms to directly invest up to 74 per cent ownership in defence sector from an earlier cap of 49 per cent. -
Happiest Minds Technologies Shares Double In Strong Market Debut
Edited by Sandeep Singh | Thursday September 17, 2020The stock of Happiest Minds Technologies listed at Rs 356.8 apiece, marking a premium of 114.94 per cent compared to its issue price of Rs 166. -
Jindal Steel Expects To Produce 19% More Steel This Year As Demand Surges
Reuters | Thursday September 17, 2020The company is likely to export 2.5 million tonnes of steel in 2020/21, up from 300,000 tonnes the previous year. -
Sensex, Nifty Off Near 3-Week Peaks Amid Selling Pressure In Banks
Written by Sandeep Singh | Thursday September 17, 2020The Nifty Bank index - which tracks shares in 12 major lenders in the country - cracked 1.12 per cent, led by State Bank of India and HDFC Bank, falling 1.26 per cent and 0.75 per cent respectively. -
Supreme Court Rejects Resuming Insolvency Case Against Anil Ambani
Upmanyu Trivedi, Bloomberg | Thursday September 17, 2020A three-judge panel headed by Justice L. Nageswara Rao ruled that the bankruptcy case against the former billionaire will remain suspended. -
Automakers Should Cut Royalty Payments To Foreign Parent Firms: Report
Reuters | Thursday September 17, 2020Maruti Suzuki paid Rs 3,820 crore in royalties to Suzuki Motor in the fiscal year ending March 31, 2020, amounting to 5 per cent of its revenue. -
HCL Tech Share Price Rises After IT Major Expands Partnership With Google Cloud
Edited by Sandeep Singh | Thursday September 17, 2020HCL Technologies on Wednesday announced the expansion of its strategic partnership with Google Cloud to bring the IT company's Actian portfolio to Google Cloud. -
Global Recovery May Take 5 Years: World Bank Chief Economist
Reuters | Thursday September 17, 2020, MadridLast month, the World Bank had saidIndia needs to continue with reforms to reverse the economic slowdown. -
Crude Oil Declines Amid Demand Concerns
Reuters | Thursday September 17, 2020, Singapore/MelbourneUS West Texas Intermediate (WTI) crude futures were down 70 cents, or 1.7 per cent, to $39.46 a barrel, after jumping 4.9 per cent on Wednesday. -
Sensex Ends 323 Points Lower Weighed Down By Banking, Metal Shares
Edited by Abhishek Vasudev | Thursday September 17, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Realty index's 1.7 per cent decline. -
Dr Reddy's Labs Gains On Launching Eye Allergy Drop In US Market
Edited by Abhishek Vasudev | Thursday September 17, 2020Olopatadine Hydrochloride Ophthalmic Solution USP is equivalent of Novartis's Pataday and is indicated for the temporary relief of itchy eyes . -
Sensex Falls Over 350 Points; Metal, Banking Shares Worst Hit
Edited by Abhishek Vasudev | Thursday September 17, 2020Dr Reddy's Labs was top Nifty gainer, the stock rose 3 per cent to Rs 4,763 after it announced launch of eye allergy drop medicine in the US market. -
Spot Gold Falls As Dollar Pushes Higher On US Central Bank's Upbeat Economic View
Reuters | Thursday September 17, 2020The dollar index rose to a more than one-week high against its rivals after the Federal Reserve signalled it expected economy recovery to accelerate. -
Happiest Minds Makes Stellar Debut, Lists At 111% Premium Over Issue Price
Edited by Peter Noronha | Thursday September 17, 2020Happiest Minds Technologies' Rs 702-crore IPO was over-subscribed by a whopping 150.98 times, making it one of the most subscribed share offerings in recent history. -
Sensex Drops Over 150 Points, Nifty Below 11,550; Financial, Metal Stocks Weigh On Markets
Edited by Sandeep Singh (with inputs from agencies) | Thursday September 17, 2020MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.82 per cent, running out of steam after five straight days of gains.
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