Business

Singh brothers‘ feud: Shivinder says latest fight closes all options to work with Malvinder

Singh brothers‘ feud: Shivinder says latest fight closes all options to work with Malvinder

NEW DELHI: As the feuding former and – the – reportedly came to blows, younger brother on Friday said the latest incident closes all options for any possible solution to work together with his elder sibling, . In the latest twist to their fight, Malvinder Singh in a video circulated […]

Rupee rises 46 paise to 70.44 against dollar

Rupee rises 46 paise to 70.44 against dollar

MUMBAI: The appreciated by 46 paise to 70.44 against the US in early trade Friday at the interbank foreign exchange, amid weakness in the greenback against some currencies overseas and a higher opening of domestic equities. Forex traders said, increased selling of the American currency by exporters and banks and […]

Govt contribution to NPS to rise to 14%

Govt contribution to NPS to rise to 14%

NEW DELHI: In a bonanza for government employees, the Cabinet on Thursday raised the government‘s contribution to () to 14 per cent of basic salary from the current 10 per cent, sources said. Minimum employee contribution will, however, remain at 10 per cent. The Cabinet also approved tax incentives under […]

Kotak stock jumps 10% on report of Berkshire investment

Kotak stock jumps 10% on report of Berkshire investment

NEW DELHI: Shares of Ltd jumped as much as 10.2 per cent on Friday after a TV channel reported that Warren Buffett‘s Berkshire Hathaway Inc is planning to invest about $4 billion to $6 billion in the bank. Berkshire Hathaway may invest in the lender by buying promoter stake or […]

Sensex rebounds 361 points on positive global cues

Sensex rebounds 361 points on positive global cues

MUMBAI: Benchmark indices broke their three-day falling streak Friday driven by strength in global equities, sliding crude prices, recovering rupee and a surge in Kotak Bank shares on reports that Berkshire Hathaway was planning to pick up stake in the lender. The rallied 361 points, or 1.02 per cent, to […]