Free Press Journal
  • TCS Q4 results: Company all set to hit $100 billion market capitalisation mark

    Mumbai: Shares of IT bellwether Tata Consultancy Services (TCS) on Friday rose over 7 percent to touch a new high of Rs 3,419.80 per share, taking its market capitalisation (m-cap) to over Rs 6.50 lakh crore or around $98 billion. With this, the IT major emerges as the first Indian company with a market capitalisation of close to $100 billion. On closing (at 3.30 p.m.), the m-cap of

  • Analysts expect RBI rate hike following ‘hawkish’ MPC minutes

    Mumbai: The interest rate-setting panel’s deliberations point towards a “hawkish” stance in the future, which may increase the possibility of a rate hike by the Reserve Bank, analysts said today. “Minutes (of the monetary policy committee) suggest that a back-ended rate hike in 2018 remains a possibility, if headline inflation exceeds the trajectory set out by the MPC,” domestic rating agency Icra said in a note. It was also leaning towards hawkishness, which was

  • India probes dumping of chemical by 5 countries

    New Delhi: India has started investigations into alleged dumping of a chemical, used mainly in the paint industry, from China, European Union, Korea, Taiwan and Thailand following a complaint from a domestic industry.

  • Sugar prices plunge on bumper stocks, thin demand

    New Delhi: Sugar prices went down by Rs 55 per quintal at the wholesale market in the national capital today following bumper stocks amid weak demand. Marketmen said, ample availability of ready stocks on ceaseless supplies from mills due to record production this year, powered by limited offtake by stockists and bulk consumers, mainly led to the downfall in the sweetener’s prices.

  • TCS

    TCS shares soar 6.5% after Q4 earnings

    New Delhi: Shares of TCS today jumped 6.5 per cent after the company reported a 4.4 per cent rise in March quarter net profit and guided towards a better show in fiscal 2019. The stock, after making a positive opening, further soared 6.55 per cent to hit its 52-week high of Rs 3,399.90 on BSE.

  • yesbank

    Yes Bank gets RBI nod to open offices in London, Singapore

    New Delhi: Private sector lender Yes Bank today said has received Reserve Bank of India’s (RBI) approval to open two representative offices in London and Singapore. “This is a significant development in the overall augmentation of Yes Bank’s business model and will help in further diversification and expansion of financial services to the NRI diaspora,” Yes Bank MD and CEO Rana Kapoor said.

  • Rupee cracks below 66-mark, falls 25 paise against US dollar

    Mumbai: Rupee weakened by 25 paise to breach the 66-level and hit its 13-month low of 66.05 against the US dollar in the early trade today due to appreciation of the US currency overseas. Increased demand for the dollar from importers also put pressure on the domestic unit.

  • Sensex falls over 50 points on negative global cues, weak rupee

    Mumbai: The benchmark BSE Sensex declined by about 80 points in early session today, in tandem with weak global cues amid rupee’s plunge below the 66 mark. Besides, the release of the minutes of last Monetary Policy Committee (MPC) meeting on April 4-5, indicating the Reserve Bank of India may shift to a hawkish monetary stance in June, weighed on investor sentiment.

  • IMF projects India’s growth rate at 7.4 percent in 2018

    New Delhi: The International Monetary Fund (IMF) on Thursday said that it expects India to re-emerge as one of the fastest growing major economies in the 2018 – 2019 period, projecting the country’s growth rate at 7.4 percent in 2018.

  • Cash crunch could be superficial, says SBI

    New Delhi: The State Bank of India (SBI) on Thursday said that the current and sudden surge in Currency in Circulation (CIC) could be superficial. The leading Public Sector Bank (PSB) added that ATM withdrawals have declined in quarter four (Q4) on a sequential basis.