business

Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das
business

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

Finance ministry allows all private sector banks to participate in government-related businesses
business

Finance ministry allows all private sector banks to participate in government-related businesses

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%
business

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

Hong Kong to spend $15.4 billion in fiscal measures to stabilise virus-ravaged economy
business

Hong Kong to spend $15.4 billion in fiscal measures to stabilise virus-ravaged economy

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 surges 20% post Friday’s premium listing as it goes 55% over IPO price
business

RailTel share price surges 20% post Friday’s premium listing as it goes 55% over IPO price

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
business

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

Bank holidays in March 2021: Banks to remain close for business on these dates; check full list
business

Bank holidays in March 2021: Banks to remain close for business on these dates; check full list

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.

Sensex surges by over 500 points in opening session; Nifty crosses 14,680
business

Sensex surges by over 500 points in opening session; Nifty crosses 14,680

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

Indian economy exits technical recession as GDP grows at 0.4% in Oct-Dec quarter
business

Indian economy exits technical recession as GDP grows at 0.4% in Oct-Dec quarter

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

RailTel makes strong debut on bourses, gains over 29% on issue price despite bloodbath in market
business

RailTel makes strong debut on bourses, gains over 29% on issue price despite bloodbath in market

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
business

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

Sensex tanks over 1,000 points in opening trade; Nifty slips below 14,900
business

Sensex tanks over 1,000 points in opening trade; Nifty slips below 14,900

IndusInd Bank was the top loser in the Sensex pack, shedding around 3 per cent, followed by ICICI Bank, Axis Bank and Tech Mahindra

Maharashtra Budget session to be held from 1 to 10 March; Budget to be tabled on 8 March
india

Maharashtra Budget session to be held from 1 to 10 March; Budget to be tabled on 8 March

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

Benchmarks build on gains amid F&O expiry; Nifty relcaims 15000-mark, Sensex surges past 51,000
business

Benchmarks build on gains amid F&O expiry; Nifty relcaims 15000-mark, Sensex surges past 51,000

ONGC was the top gainer in the Sensex pack, rallying 4.66 percent, followed by NTPC, Reliance Industries, IndusInd Bank, Axis Bank and PowerGrid

Sensex rallies over 500 points in early trade; NSE Nifty tops 15,000
business

Sensex rallies over 500 points in early trade; NSE Nifty tops 15,000

Axis Bank was the top gainer in the Sensex pack, rising around 3 percent, followed by IndusInd Bank and ONGC, among others

Unions oppose Centre's move to allow private sector banks in govt business, term it 'unfair'
business

Unions oppose Centre's move to allow private sector banks in govt business, term it 'unfair'

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

Centre lifts embargo on grant of government business to private banks, says Nirmala Sitharaman
business

Centre lifts embargo on grant of government business to private banks, says Nirmala Sitharaman

Private banks can now be equal partners in the development of the Indian economy, the Union finance minister added

RBI concerned over impact of cryptocurrencies on India's financial stability, says Shaktikanta Das
business

RBI concerned over impact of cryptocurrencies on India's financial stability, says Shaktikanta Das

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'

Market roundup: Sensex rallies over 1,000 pts, Nifty ends at 14,982 in extended session
business

Market roundup: Sensex rallies over 1,000 pts, Nifty ends at 14,982 in extended session

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

Trading halted at NSE due to technical glitch; BSE operations unaffected
business

Trading halted at NSE due to technical glitch; BSE operations unaffected

The bourse said it depends on two telecom service providers for connectivity, both of which failed, resulting in an outage