Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das
Das said that such coordination is needed because both the Centre and states impose taxes on fuel
This step is expected to further enhance customer convenience, spur competition and raise efficiency in customer services, a ministry statement said
CCI approves merger of NAM Estates, Embassy One with Indiabulls Real Estate; Embassy Group's stake rises to 45%
The merged entity will have about 30 projects with Indiabulls Real Estate's shares valued at Rs 92.5 per share under the terms of the agreement
Finance Minister Paul Chan predicted that compared to the economic contraction of 6.1% last year, the economy is set to grow 3.5% to 5.5% this year
RailTel share price today: Being listed at Rs 109 per share on the National Stock Exchange (NSE) on Friday, RailTel had 11.28 percent listing premium from its issue price of Rs 93 to Rs 94 for every share.
Stock Market roundup: Sensex surges 750 points, Nifty above 14,750; key stocks that moved most today
The market began on a good note, gaining around 1.5 percent on the back of positive domestic data and auto sales number on the first day of March
Apart from these days, several banks might remain closed mid-March as many unions have called for a nationwide strike against the government's plan for making the banking sector private. The two-day-long strike is on 15 and 16 March.
On Friday, the BSE Sensex had crashed 1,939.32 points or 3.80 percent to end at 49,099.99, its worst one-day fall since 4 May last year
However, the annual GDP estimate for the fiscal year ending 31 March has been revised to an 8 percent contraction, deeper than an earlier estimate of (-) 7.7 percent
The stock debuted at Rs 109 at NSE, up 15.95 percent over the issue price, and touched an intra-day high of Rs 127.85
Market roundup: Sensex falls to 49,099.99, Nifty settles at 14,529.15 amid sell-off before release of Dec GDP data
All the shares in the BSE Sensex closed in red on Friday with ONGC being the top loser, shedding 6.6 percent, followed by Mahindra & Mahindra, Bajaj Finserv, and Axis Bank
IndusInd Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by ICICI Bank, Axis Bank and Tech Mahindra
While the BJP alleged that Uddhav govt was trying to cut the session short on the pretext of COVID-19, Shiv Sena's Anil Parab claimed it was the Opposition that wanted one-day session
ONGC was the top gainer in the Sensex pack, rallying 4.66 percent, followed by NTPC, Reliance Industries, IndusInd Bank, Axis Bank and PowerGrid
Axis Bank was the top gainer in the Sensex pack, rising around 3 percent, followed by IndusInd Bank and ONGC, among others
The AIBEA said the move will make it more difficult for public sector banks to lend to weaker and priority sectors at concessional rates of interest
Private banks can now be equal partners in the development of the Indian economy, the Union finance minister added
The RBI governor said: 'We have certain major concerns about cryptocurrencies. We have communicated them to the government. It is under consideration in the government and I do expect and I think sooner or later the government will take a call and if required Parliament also will consider and decide'
Trading was extended till 5 pm today in both the NSE and BSE after a technical glitch halted trade for over four hours in the national stock exchange
The bourse said it depends on two telecom service providers for connectivity, both of which failed, resulting in an outage