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    Rupee ends at fresh 2-month high of 71.93 despite oil rebound

    Rupee ends at fresh 2-month high of 71.93 despite oil rebound


    The rupee Friday strengthened further by 4 paise to close at a fresh two-month high 71.93 against the US currency, continuing its gaining streak for the fourth day, despite a rebound in oil prices and a stronger dollar. Crude oil prices falling below the...

    The rupee Friday strengthened further by 4 paise to close at a fresh two-month high 71.93 against the US currency, continuing its gaining streak for the fourth day, despite a rebound in oil prices and a stronger dollar. Crude oil prices falling below the $70 per barrel mark and forex inflows have boosted the rupee sentiment as the domestic currency posted gains of 57 paise or 0.79 per cent this week to touch two-month high levels.
    New RBI window may not increase credit to NBFCs: Report

    New RBI window may not increase credit to NBFCs: Report


    On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking financial companies (NBFCs) and housing finance companies...

    On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking financial companies (NBFCs) and housing finance companies (HFCs).
    Markets end higher, Sensex gains nearly 200 points

    Markets end higher, Sensex gains nearly 200 points


    On the 30-share BSE index, Bharti Airtel, Reliance Industries, Hero MotorCorp, SBI and HDFC were among the major gainers with their stocks surging as much as 9.41 per cent. On NSE, except for Nifty Metal and Private Bank, all other sub-indices finished...

    On the 30-share BSE index, Bharti Airtel, Reliance Industries, Hero MotorCorp, SBI and HDFC were among the major gainers with their stocks surging as much as 9.41 per cent. On NSE, except for Nifty Metal and Private Bank, all other sub-indices finished in green, rising as much as 2.03 per cent.
    Jet hits 5-month high as Tata Sons deal talks inch closer

    Jet hits 5-month high as Tata Sons deal talks inch closer


    The topic of acquiring Jet Airways will be discussed at the Tata Sons board meeting on Friday and the members may approve starting due diligence on the deal, a source familiar with the matter told...

    The topic of acquiring Jet Airways will be discussed at the Tata Sons board meeting on Friday and the members may approve starting due diligence on the deal, a source familiar with the matter told Reuters.
    Flipkart hires Smriti Singh as its chief HR officer

    Flipkart hires Smriti Singh as its chief HR officer


    Flipkart has hired Smriti Singh as its chief of human resources officer (CHRO), industry sources said. Singh was previously the executive vice president HR for Sony Pictures Networks India. She is expected to join Flipkart as its CHRO in...

    Flipkart has hired Smriti Singh as its chief of human resources officer (CHRO), industry sources said. Singh was previously the executive vice president HR for Sony Pictures Networks India. She is expected to join Flipkart as its CHRO in December.
    Tata Sons wants to fly out of joint venture with AirAsia

    Tata Sons wants to fly out of joint venture with AirAsia


    Initial discussions to this end have begun, even as the conglomerate inches closer to a separate deal to acquire ownership stake in India’s second-biggest airline Jet Airways from its founder Naresh Goyal. Tata Sons owns 51% of AirAsia India with the...

    Initial discussions to this end have begun, even as the conglomerate inches closer to a separate deal to acquire ownership stake in India’s second-biggest airline Jet Airways from its founder Naresh Goyal. Tata Sons owns 51% of AirAsia India with the rest held by Malaysia-based AirAsia Bhd.
    IGI runway work cuts 100 flights, fares up 100% on few routes

    IGI runway work cuts 100 flights, fares up 100% on few routes


    Travel portals showed prices for one-way ticket on Delhi-Mumbai direct flights starting at Rs 21,200 in economy to Rs 35,000 in premium classes of full-service airlines. With close to 100 flights less a day during runway closure period, the demand-supply...

    Travel portals showed prices for one-way ticket on Delhi-Mumbai direct flights starting at Rs 21,200 in economy to Rs 35,000 in premium classes of full-service airlines. With close to 100 flights less a day during runway closure period, the demand-supply mismatch has added to the issue of higher fares. One of the three runways at IGIA is closed for eight days from Friday.
    RBI board meet may find common ground on MSME

    RBI board meet may find common ground on MSME


    According to sources, providing funds to MSMEs is a priority area for the Modi government, given the sector’s contribution to employment generation. It is seen as one of the four-five crucial issues in the November 19 meeting of the central board of...

    According to sources, providing funds to MSMEs is a priority area for the Modi government, given the sector’s contribution to employment generation. It is seen as one of the four-five crucial issues in the November 19 meeting of the central board of the RBI.
    Diwali drained Rs 50,000 crore cash from banks

    Diwali drained Rs 50,000 crore cash from banks


    The biggest weekly increase in currency in circulation was in the week ending January 13, 2017, which saw an additional Rs 52,786 crore flow out of banks as currency presses worked overtime to replace demonetised notes. An increase in currency in...

    The biggest weekly increase in currency in circulation was in the week ending January 13, 2017, which saw an additional Rs 52,786 crore flow out of banks as currency presses worked overtime to replace demonetised notes. An increase in currency in circulation reduces the lendable resources of banks and pushes up interest rates.
    National capital jumps closer to business capital in I-T collections

    National capital jumps closer to business capital in I-T collections


    Collections in Mumbai rose only by 5%. Slower growth in Mumbai is attributed to hefty refunds. The massive growth in Delhi has helped the region increase its share in total collections to 16.5%, a jump of over five percentage points compared to a year...

    Collections in Mumbai rose only by 5%. Slower growth in Mumbai is attributed to hefty refunds. The massive growth in Delhi has helped the region increase its share in total collections to 16.5%, a jump of over five percentage points compared to a year ago.
    Saffron ideologue slams RBI policies ahead of board meet

    Saffron ideologue slams RBI policies ahead of board meet


    Gurumurthy blamed the RBI for mandating one-shot provisioning (or setting aside funds) for bad loans. “NPA has been developing since 2009 and it peaked in 2014. At that time RBI did not say ‘you provide’ but in 2015 it said ‘you provide’. So,...

    Gurumurthy blamed the RBI for mandating one-shot provisioning (or setting aside funds) for bad loans. “NPA has been developing since 2009 and it peaked in 2014. At that time RBI did not say ‘you provide’ but in 2015 it said ‘you provide’. So, providing at one go is the problem. If they had said you provide over 5 years this wouldn’t have happened,” he said.
    Fitch keeps India rating unchanged for 12th year in a row

    Fitch keeps India rating unchanged for 12th year in a row


    The government has been making a strong pitch to Fitch Ratings for an upgrade after rival Moody's Investors Service in November 2017 gave the country its first sovereign rating upgrade since...

    The government has been making a strong pitch to Fitch Ratings for an upgrade after rival Moody's Investors Service in November 2017 gave the country its first sovereign rating upgrade since 2004.
    Emirates first-half profit falls 86% on higher fuel costs

    Emirates first-half profit falls 86% on higher fuel costs


    Emirates, the world's biggest long-haul airline, made 226 million dirhams ($62 million) in the six months to September 30, compared to 1.7 billion dirhams a year...

    Emirates, the world's biggest long-haul airline, made 226 million dirhams ($62 million) in the six months to September 30, compared to 1.7 billion dirhams a year earlier.
    Markets end higher, Sensex up over 100 points

    Markets end higher, Sensex up over 100 points


    On the BSE index, Adani Ports, Kotak Mahindra Bank, Hero MotorCorp and Axis Bank were among the top performers with their stocks surging as much as 4.25 per cent. On NSE, except for Nifty FMCG, all other sub-indices ended in green with Nifty Realty...

    On the BSE index, Adani Ports, Kotak Mahindra Bank, Hero MotorCorp and Axis Bank were among the top performers with their stocks surging as much as 4.25 per cent. On NSE, except for Nifty FMCG, all other sub-indices ended in green with Nifty Realty leading the pack by gaining as much as 1.70 per cent
    Air India eyes Rs 800cr from sale of 70 properties

    Air India eyes Rs 800cr from sale of 70 properties


    This fresh bid is a part of the airline's real estate assets monetisation plan approved by the then UPA government in 2012. As per the plan, Air India had to the garner funds to the tune of Rs 5,000 crore between April 2014 and March 2021, with an annual...

    This fresh bid is a part of the airline's real estate assets monetisation plan approved by the then UPA government in 2012. As per the plan, Air India had to the garner funds to the tune of Rs 5,000 crore between April 2014 and March 2021, with an annual target of Rs 500 crore from FY13 onwards.
    US lawmaker says FB can't be trusted to regulate itself

    US lawmaker says FB can't be trusted to regulate itself


    Cicilline, citing a report in the New York Times on Facebook’s efforts to deal with a series of crises, said on Twitter: “This staggering report makes clear that @Facebook executives will always put their massive profits ahead of the interests of...

    Cicilline, citing a report in the New York Times on Facebook’s efforts to deal with a series of crises, said on Twitter: “This staggering report makes clear that @Facebook executives will always put their massive profits ahead of the interests of their customers.”
    Bitcoin drops to lowest levels in more than a year

    Bitcoin drops to lowest levels in more than a year


    "The market had been entering a wedge, with the volatility so low," said Charlie Hayter, founder of industry website Cryptocompare in London, referring a technical chart...

    "The market had been entering a wedge, with the volatility so low," said Charlie Hayter, founder of industry website Cryptocompare in London, referring a technical chart pattern.
    Nervousness grips startup founders post Binny’s exit

    Nervousness grips startup founders post Binny’s exit


    Among male founders, there’s a sense of insecurity. But female founders TOI spoke with said the conversations happening now will lead to a healthy change over the long term. Most of the founders who spoke did not wish to be named. Other founders said...

    Among male founders, there’s a sense of insecurity. But female founders TOI spoke with said the conversations happening now will lead to a healthy change over the long term. Most of the founders who spoke did not wish to be named. Other founders said they are being cautious about workplace behaviour with women but are worried about a “casual joke” coming back to haunt them later.