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Sensex Climbs 122 Pts in Early Trade

The 30-share Sensex bounced 122.13 points, or 0.34 per cent, to 35,510.01. It had lost 168.83 points in the previous two sessions.

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Rupee Gains 10 Paise in Early Trade

The rupee had gained 27 paise at 67.80 against the US currency on suspected RBI intervention to stem further fall in the domestic currency on May 16, 2018.

from Top Business News- News18.com https://ift.tt/2wNyGyR

Former RBI Boss Raghuram Rajan Says Won't Apply for Top Bank of England Job

Rajan has been mentioned by analysts as a possible future BoE governor after Mark Carney - who previously headed Canada's central bank - steps down at the end of June 2019.

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Markets End Lower as Karnataka, Korea Keep Investors on Edge

The BSE Sensex sank 156.06 points to end at 35,387.88, while the Nifty lost 60.75 points to 10,741.10

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Tata Steel Reports Q4 Net Profit at Rs 14,688 Crore

The total consolidated income of the company increased to Rs 36,407.19 crore in January-March 2018, from Rs 35,457.06 crore in the same quarter of FY17.

from Top Business News- News18.com https://ift.tt/2rKnmOL

Infosys Sets up Blockchain-Based Trade Network in India with 7 Banks

According to Infosys, the network is being used by the banks to run a successful pilot of Finacle Trade Connect, a blockchain technology based solution developed specifically to address the trade finance process requirements of banks.

from Top Business News- News18.com https://ift.tt/2InMLUU

PNB Shares Tank Over 12 Per Cent After Biggest Ever Loss by an Indian Bank

The bank's stock tanked 12.15 per cent to end the day at Rs 75.55 on BSE. Intra-day, it slumped 13.60 per cent to Rs 74.30-its 52-week low level.

from Top Business News- News18.com https://ift.tt/2rMlCE8

Novartis Lawyer Steps Down Over Trump Lawyer Payment

Trump has denied having an affair with Daniels or knowing anything about that payment but his new lawyer Rudy Giuliani has acknowledged the US president had in fact reimbursed Cohen for the payoff.

from Top Business News- News18.com https://ift.tt/2L4m09R

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