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

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

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

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

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

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

Sensex gains over 200 points in early trade; Nifty nears 14,800
business

Sensex gains over 200 points in early trade; Nifty nears 14,800

Axis Bank was the top gainer in the Sensex pack, rising around 2%, followed by Bajaj Finance, SBI, Reliance Industries, ONGC and UltraTech Cement

Sensex, Nifty end flat after volatile trade: Top 10 gainers and losers today at close of market
business

Sensex, Nifty end flat after volatile trade: Top 10 gainers and losers today at close of market

While the BSE Sensex was up 7.09 points or 0.01 percent at 49,751.41, the Nifty was up 32.10 points or 0.22 percent at 14,707.80

Sensex surges by over 300 points in early trade; Nifty rises by 81.5 points
business

Sensex surges by over 300 points in early trade; Nifty rises by 81.5 points

ONGC was the top gainer in the Sensex pack, rallying around 6 percent, followed by L&T, Bajaj Finance and Bajaj Finserv

Supreme Court halts Future Retail’s Rs 24,713 crore deal with Reliance on Amazon’s plea
business

Supreme Court halts Future Retail’s Rs 24,713 crore deal with Reliance on Amazon’s plea

The apex court said the proceedings before the National Company Law Tribunal (NCLT) will go on and but will not culminate into any final order on an amalgamation of FRL with Reliance

IKEA gets 50,000 sqm land to set up outlet in Noida, likely to invest Rs 5,000 crore in seven years
india

IKEA gets 50,000 sqm land to set up outlet in Noida, likely to invest Rs 5,000 crore in seven years

The commercial land has been allotted to the company in Sector 51 for Rs 850 cr. Officials estimate job creation for 2,000 people due to the project

Markets extend losses for fourth day as profit-booking takes hold; Nifty slumps below 15k level
business

Markets extend losses for fourth day as profit-booking takes hold; Nifty slumps below 15k level

The 30-share BSE Sensex ended 434.93 points or 0.85 percent lower at 50,889.76, pressured by robust selling in banking and auto counters