Business
In 2-year High, GST Takes Sensex Back to 29,000-mark, RIL Big Mover
The markets made a powerful comeback on Monday as the Sensex rallied almost 216 points and reclaimed the 29,000-mark to close at a 2-year high, cashing in on solid gains in index heavyweight RIL amid mixed global cues.
GST on Track, to be Implemented From July 1, Says FM Arun Jaitley
Unoion Finance Minister Arun Jaitley on Saturday said that the Goods and Services Tax (GST), the new indirect tax regime, was on track and July 1 was going to be its likely date of implementation.
Snap Inc Shares Pop After $3.4 Billion IPO
Snap Inc's in-demand shares opened for trading on Thursday at $24 on the New York Stock Exchange a day after pricing at $17 per share.
Sensex Rises 148 Points to Regain 29,000-mark in Early Trade
The benchmark BSE Sensex surged over 148 points to regain the 29,000-mark in early trade on Thursday as investors and domestic institutions widened bets, tracking rally in global markets.
'Q3 Growth Negates Negative Speculations About Note Ban Impact'
Elated at the GDP numbers, Finance Ministry today said the 7 per cent growth in the third quarter has negated the negative projections and speculations about the impact of demonetisation on growth.
States' Fiscal Deficit Will Rise to 3.3% in 2017-18: Ind-Ra
The states' fiscal deficit will rise only marginally to 3.3 percent in fiscal year 2017-18 from the expected 3.2 percent in 2016-17, domestic ratings agency India Ratings and Research (Ind-Ra) said on Monday.
Rupee Opens Lower by 4 Paise Against Dollar
On Monday, the rupee had gained 9 paise to close at 66.92 per dollar in view of strong foreign capital inflows coupled with a firm equity market.
Sensex, Nifty End Higher; Axis Bank up on Takeover Talk
The benchmark Sensex closed up 0.35 percent at 28,761.59, its highest close since Sept. 22.
TCS Board Approves Rs 16,000 Crore Share Buyback
India's largest software services firm TCS on Monday said its Board has approved a share buyback plan of up to Rs 16,000 crore.
Vodafone, Idea Likely to Seal Merger Pact Within a Month
UK's Vodafone and Aditya Birla group firm Idea Cellular are likely to finalise within a month the mega merger deal that will create India's largest telecom firm, according to sources.
GST Council Approves Law For Compensating States' Revenue Loss
The GST Council on Saturday approved a law to compensate states for any loss of revenue from implementation of the new national sales tax but deferred approval for enabling laws to next meeting.
Is RBI's Inflation-targeting Mandate Hurting India's Economic Growth?
A central bank, like the Reserve Bank of India, is the guarantor of the country’s money, banking system and financial stability.
TCS Shares Gain Nearly 3% on Share Buyback Plan
Scrip of Tata Consultancy Services (TCS) on Thursday rose by nearly 3 percent after the said its board will meet next week to consider the share buyback.
As Inflation Shoots up, India Inc Seeks Lower Lending Rates
Industry chamber Assocham urged the policymakers to take corrective measures to address the situation of rising interest rates in future and limited capacity of industries to invest in future.
Sensex Ends Flat as Auto, Pharma Stocks Drag
Market benchmark Sensex snapped its three-day winning run on Tuesday after slipping 12 points to end at 28,339 on sell-off in auto and pharma stocks amid muted global cues.
Infosys CEO Vishal Sikka Asks Employees Not to Get Distracted by “Eardrum Buzz”
Infosys founder Narayana Murthy today told the Economic Times in an interview that corporate governance at the firm is down amid concerns about pay hikes and the severance packages of the top management. Murthy said that such payments raised doubts whethe...
