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ATL has received the LoI from MSETCL to build, own, operate and maintain a transmission project in Maharashtra for a period of 35 years, a company statement said.
Adani Transmission gets LoI for project in Maharashtra
14 Dec 2019 3:56 PM

According to the statement, this will be Adani Transmission's first ever 400 kV substation facility in Mumbai.

In return, the United States would suspend tariffs on Chinese goods due to go into effect on Sunday and reduce others, US officials said. (Photo: Representational)
US China trade deal cuts tariffs for Beijing promise of big farm purchases
14 Dec 2019 1:19 PM

Beijing has agreed to import at least USD 200 billion in additional US goods and services over the next two years.

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by USD 1.891 billion to USD 421.258 billion, according to the data.
Forex reserves soar to touch all-time high of USD 453 billion
14 Dec 2019 11:07 AM

The country's reserve position with the International Monetary Fund also increased by USD 15 million to USD 3.644 billion, the data showed.

Axis Bank was the top gainer in the Sensex pack, rallying 4.21 per cent, followed by Vedanta 3.75 per cent, SBI 3.39 per cent, Maruti 3.20 per cent, IndusInd Bank 3.07 per cent and Yes Bank 2.87 per cent. (Photo: File/ AP)
Sensex zooms 428 pts; Nifty ends near 12,100
13 Dec 2019 4:08 PM

After hitting a high of 41,055.80 points, the 30-share BSE Sensex ended 428 points, or 1.05 per cent, higher at 41,009.71.

"We have lowered our 2019 gross domestic product (GDP) growth forecast for India to 5.6 per cent, which is lower than 7.4 per cent growth in 2018," Moody's said in a report.
Moody's cuts India's GDP growth forecast to 5.6 pc for 2019
13 Dec 2019 1:51 PM

Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.

At the interbank foreign exchange the rupee opened at 70.54, then gained further ground and touched a high of 70.50, registering a rise of 33 paise over its previous close.
Rupee rises 33 paise to 70.50 against USD in early trade
13 Dec 2019 12:11 PM

Forex traders said the news that the US and China are very close to reaching a trade deal supported the local unit.

Tata Motors was the top gainer in the Sensex pack rallying up to 3.78 per cent, followed by Vedanta, Yes Bank, Tata Steel, SBI, M&M, Axis Bank and RIL.
Sensex rises over 250 points on strong global cues; Nifty above 12K
13 Dec 2019 11:55 AM

After rising 284 points in early session, the 30-share Sensex was trading 244.04 points or 0.60 per cent higher at 40,825.75.

Tata Motors was the top gainer in the Sensex pack, rallying 7.17 per cent, followed by Yes Bank 5.96 per cent, Vedanta 3.68 per cent, Tata Steel 3.29 per cent, SBI 2.91 per cent and Kotak Bank 1.76 per cent. (Photo: File)
Sensex, Nifty gain ahead of macro data; Tata Motors rallies 7 per cent
12 Dec 2019 4:02 PM

After rallying over 300 points, the 30-share BSE Sensex ended 169.14 points, or 0.42 per cent, higher at 40,581.71.

Among districts, the funds were released to about 4.72 lakh farmers in Anantapur, 4.05 lakh in Kurnool, 4 lakh in East Godavari, 3.89 lakh in Guntur, 3.75 lakh in Chittoor, 3.48 lakh in Prakasam, 3.22 lakh in West Godavari and 3.04 lakh in Krishna so far.
Centre releases PM-KISAN funds to 43.20 lakh Andhra farmers till Nov
12 Dec 2019 1:22 PM

As per the agriculture ministry data, the central government has released funds to 43.20 lakh farmers.

At the interbank foreign exchange the rupee opened at 70.67, then gained further ground and touched 70.64, registering a rise of 21 paise over its previous close.
Rupee rises 21 paise to 70.64 against USD in early trade
12 Dec 2019 11:13 AM

Forex traders said the domestic unit gained ground ahead of the release of key macro-economic numbers.

Yes Bank was the top gainer in the Sensex pack rallying up to 4.32 per cent, followed by ICICI Bank Tata Motors, Tata Steel, Vedanta, IndusInd Bank, Hero MotoCorp, SBI and Sun Pharma. (Photo: File | AP)
Sensex jumps over 150 points; Nifty above 11,950
12 Dec 2019 10:43 AM

The 30-share Sensex was trading 149.75 points or 0.37 per cent higher at 40,562.32 in morning trade.

FADA President Ashish Harsharaj Kale said agriculture produce has now started trickling into the markets after the extended monsoon season, which is contributing towards the uptick in semi-urban and rural markets.
Passenger vehicle retail sales up 1 per cent in November: FADA
11 Dec 2019 4:52 PM

Total sales across categories rose 2 per cent to 21,05,508 units in November as against 20,54,296 units in the same month last year.

In the Sensex kitty, NTPC was the top gainer, spurting 2.77 per cent rise, followed by ONGC, Tech Mahindra, Kotak Bank, TCS, Asian Paints, IndusInd Bank and Tata Motors, which gained up to 2.28 per cent. (Photo: File)
Sensex rises over 170 points in choppy trade
11 Dec 2019 4:23 PM

After swinging nearly 330 points, the Sensex finished 172.69 points or 0.43 per cent higher at 40,412.57.

Spot gold for 24 karat was trading down by Rs 73 in Delhi on a stronger rupee against dollar, HDFC Securities Senior Analyst (Commodities) Tapan Patel said. (Photo: Representational)
Gold falls Rs 73, silver slides by Rs 89
11 Dec 2019 4:07 PM

In the international market, gold was trading at USD 1,464.8 per ounce, while silver was quoting at USD 16.62 per ounce.

According to reports, Vodafone Idea may raise over USD 2.5 billion from asset sales ahead of a January deadline to pay statutory dues. The company is said to be in talks to sell its optic fibre business to Brookfield Asset Management Inc and its datacentre to the Edelweiss Group.
Vodafone Idea shares gain over 8 pc amid asset sale plan
11 Dec 2019 12:54 PM

On the BSE, the scrip after opening on a positive note further rose to Rs 7.08 apiece, up 7.9 per cent.

In September, ADB forecast India's GDP to grow 6.5 per cent in 2019-20 and 7.2 per cent in the year thereafter. (Photo: File | AFP)
ADB trims India's GDP growth forecast to 5.1 per cent in FY20
11 Dec 2019 11:53 AM

Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

At the interbank foreign exchange the rupee opened at 70.87, then gathered momentum and touched a high of 70.80 against the US dollar, registering a rise of 12 paise over its previous close.
Rupee rises 12 paise to 70.80 against US dollar in early trade
11 Dec 2019 11:14 AM

Forex traders said investors were optimistic about the US-China trade talks.

The 30-share index was trading 74.04 points or 0.18 per cent higher at 40,313.92 in morning trade.
Sensex gains 74 points in early trade as crude oil eases
11 Dec 2019 11:04 AM

The appreciating rupee and mixed leads from other Asian markets too influenced sentiment, traders said.

During the day, the domestic unit fluctuated between a high of 70.85 and a low of 71.04 and finally ended the day at 70.92 against the US dollar, the highest closing level since November 5 when the unit settled at 70.69.
Rupee rises 12 paise to 1-month high of 70.92 against US dollar
10 Dec 2019 6:49 PM

Forex traders said the Indian rupee gained ground on the back of stable crude oil prices and a weaker dollar index.

Yes Bank was the biggest loser in the Sensex pack with 10.05 per cent decline, followed by PowerGrid, IndusInd Bank, NTPC, ITC, TCS, Axis Bank, Hero MotoCorp, M&M and HCL Tech, which lost up to 2.66 per cent. (Photo: File)
Sensex tumbles nearly 250 points; Nifty ends below 11,900
10 Dec 2019 4:11 PM

BSE Sensex closed 247.55 points or 0.61 per cent lower at 40,239.88.