Business
Sensex Posts Biggest Single-Day Fall in 6 Weeks, Tanks 310 Pts
Brokers said the domestic trading sentiment was also dampened taking cues from a lower closing in other Asian markets and a subdued opening on European bourses amid the dollar weakening against the yen after the US government figures showed a decline in p...
Rupee Ends Higher by 12 Paise Against Dollar
In cross-currency trades, the rupee fell against the pound sterling to 87.22 from 86.72 on Tuesday and also dropped against the Japanese yen to end at 65.94 per 100 yens from 65.39. The domestic unit fell against the euro to 74.61 from 74.05.
Sensex Gains 16.86 Points, Nifty at 8,551
The Sensex started off on a strong note, rallying more than 200 points in opening but immediately wiped out gains to trade in a tight range for rest of the session.
GST to Curb Black Money, April 2017 Rollout Tough: Experts
The passage of the GST Constitutional Amendment Bill is a "milestone in the history of India's economic reforms" and makes the country competitive, especially in manufacturing, in the global market, said Sachin Menon, Partner and Head, Indirect Tax, KPMG...
Parliament Likely to Pass GST Today, Many Companies Unprepared
The GST amendment is likely to clear the Rajya Sabha after the Congress, which originally proposed the GST while in power, wrung concessions from Narendra Modi's government.
Govt Extends Last Date For Filing Tax Returns to August 5
The government on Friday extended the last date for filing income-tax returns has been extended to August 5.
Infosys Reports Consolidated Net Profit of Rs 3,436 Crore for FY17 Q1
The company also cut the revenue guidance to 10.5-12% in constant currency terms for 2016-17 from 11.5-13.5% estimated earlier.
Blackmoney Declarants Cannot Pay Tax From Undeclared Income
A four-month window starting from June 1 has been provided to persons holding undeclared income and assets to come clean by paying a tax of 45%.
Services Growth Dips for Third Straight Month, Hits 7-Month Low
while there was a decline in the growth rate as the service sector grew at it's slowest pace in June, the industry is still hopeful of further rate reduction.
Next RBI Chief Faces Balancing Act on Bank Clean-up
Rajan was feted by investors for his efforts to deal with a mountain of bad debt clogging India's financial system, but his critics say an excessive focus on asset quality has scared banks out of lending and is partly to blame for credit growth slumping t...
Ensure Single Point Contact For Black Money Disclosures: CBDT
Finance Minister Arun Jaitley said only senior officers will be single point of contact for black money holder to come clean to maintain confidentiality.
Whether Brexit Happens or Not, We're Ready With Forex Reserves, Govt Says
RBI Governor Raghuram Rajan said the central bank will infuse whatever liquidity is needed into the Indian market to keep it "well behaved".
In Search of Mallya's Guarantors Bank Penalises Farmer, Vendor
Later, when the bank realised it had confused directors of an airline for a farmer, a security guard and vegetable vendor, it reversed the orders and attributed the mix-up to a technical error.
Rupee Extends Losses For 2nd Day, Down 5 Paise to 66.76
The domestic currency also looked up against the yen to 62.47 per 100 yens from 62.60 on Thursday.
India's Growth Curve to Accelerate Further: Arun Jaitley
Pro-growth policies have helped GDP grow at faster-than- expected 7.9 per cent in the January-March quarter, and 7.6 per cent for the entire 2015-16 fiscal, Jaitley said, asserting that these are not "stray figures" and an analysis of the pattern shows i...
Sensex Tanks 305 Points, Nifty Ends Below 7800
About 913 shares have advanced, 1638 shares declined, and 161 shares are unchanged.
