Business

Finance Minister Nirmala Sitharaman said, "I think this budget we have been absolutely realistic both on the score of revenue generation and on the score of what we can spend or borrow.'

The WTO's trade statistics showed that the volume of global merchandise trade was down 0.2 per cent in the third quarter of 2019 as compared to the previous year.

Forex traders said the rupee consolidated in a narrow range as strengthening of the US dollar, rise in crude oil prices and heavy selling in domestic equities weighed on the local unit.

The BSE gauge Sensex was trading lower by 51.28 points or 0.12 per cent at 41,514.62 in early trade; while the NSE barometer Nifty was down 16.55 points or 0.14 per cent at 12,184.65.

After inaugurating a five-day exhibition to showcase the vast cultural heritage of the airline built over the years, an emotional Ashwani Lohani told reporters that the airline is still a great organisation.

UPL’s net profit surged 77.5% year-on-year to Rs 838 crore in the December quarter compared with a profit of Rs 472 crore in the year-ago period. Revenue from operations increased by a massive 80.7% to Rs 8,892 crore during the quarter.

Toluene DiIsocyanate (TDI) is a chemical used primarily for flexible foam applications including furniture, bedding and carpet underlay, as well as packaging applications.

FM Nirmala Sitharaman said the LTCG tax was introduced in 2018 and the volatilities in the markets have ensured that she cannot make a reasonable assessment on it.

The Corporation's total income grew by 17.79 per cent to Rs 2,97,017.28 crore as of September 2019 from Rs 2,52,149.60 crore a year ago.

Uber Eats business lost $461 million in the quarter before accounting for interest, taxes, depreciation and amortization, down 66% from the same time last year.

At 10:35 am, the benchmark BSE Sensex jumped 204.25 points, or 0.5%, to 40,993.63, while the Nifty 50 index was up 65.90 points, or 0.55%, to 12,045.55.

Currently, FDI in Air India is capped at 49 per cent through the government approval route while 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines.

The shocking decision came after Britain's Serious Fraud Office (SFO) released details of a probe that found individuals associated with the planemaker had paid to secure deals with AirAsia and its long-haul unit AirAsia X.

The budget does not materially alter our view on India's economic growth outlook, which we forecast to pick up to 5.6 per cent in FY21 from 4.6 per cent in FY20, Fitch Ratings said in a report.

Finance Minister Nirmala Sitharaman said that the government has made an attempt to come up with several measures that will boost consumption, put out money for investments and creation of assets, and increase private investment.

In the last budget, the commission's funds had been slashed by 38% compared to the Union Budget of 2018-19.