Business Round-Up In India For The Week Ending July 1, 2016

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Here is a look of the major business development for the Week ended July 1, 2016 in India. Go through the slides to know on gold, rupee, stock market etc,.

Stock markets

Benchmark indices ended the week higher. The Sensex ended the day with gains of 145 points while the Nifty rallied 40.60 points in trade.

7th pay commission

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has cleared recommendations of the 7th Pay Commission on Wednesday

Gold

Gold prices rose as investors choose safe haven on brexit fall out.

Mahanagar Gas

Shares in Mahanagar Gas made a stellar debut on the bourses with the stock jumping as much as 25 per cent in trade.

State Bank of India


The State Bank of India (SBI) on Friday said it will merge corporate finance branches of associate banks with parent branch and prepare detailed plan.

Rupee

The Indian rupee rose for the third consecutive session against the US dollar, supported by local equity markets.
Rupee on Friday closed 21 paise stronger against US dollar at 67.32.

Manufacturing growth

India's manufacturing activity expanded at the quickest pace in three months in June amid higher new order inflows.

 

Read more about: markets, stocks, gold, rupee
Story first published: Saturday, July 2, 2016, 12:35 [IST]
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