Business
Oil Stable on Weak Dollar, Economic Growth, But Pockets of Oversupply Linger
Crude prices, though, remain well below recent highs due to signs of lingering oversupply, including rising U.S. inventories and ample physical flows globally.
Deutsche Bank Pegs FY19 Growth at 7.5%; Warns of Rate Hike
German brokerage Deutsche Bank said in a report on Monday that the economy has recovered from these shocks as seen in 6.7 per cent growth in the September 2017 quarter, which is expected to go up further to 7 per cent for the December quarter and to 7.5 p...
Fiscal Situation to Improve Next Year: Arun Jaitley
The government's plans to spend Rs 2.11 lakh crore to recapitalise PSBs in a major step to restore the banking system's health.
'Taxman Won't Issue Demand Notice to Taxpayers in Case of Minor Filing Mismatch'
The measure, introduced in the latest Finance Bill, is aimed to provide relief to a small and salaried class of taxpayers and aims to ease out issues of small discrepancies that sometimes crop up between the information on Form-16 (provided by the employe...
Top 10 Stocks That Bore the Brunt of the Market Crash Today
BSE Sensex was down 2.17% or 754.58 at 34,0002.60, while the 50-script Nifty recorded 10,312.50 points, down 3.32% or 354.00 points.
No Material Impact of Slippage in Fiscal Deficit: Moody's
The government has revised its 2018-19 fiscal deficit projections to 3.3 per cent of GDP and for the current fiscal to 3.5 per cent of GDP, against original targets of 3 per cent and 3.2 per cent.
Gold Monetisation Scheme to be Revamped: FM Arun Jaitley
The scheme allows a bank's customers to deposit their idle gold holdings for a fixed period in return for the interest in the range of 2.25 percent to 2.50 percent.
Bengal Budget: Mamata Woos Rural Population Ahead of Panchayat Polls
The Bengal budget was tabled a day ahead of the Union budget following a revision from the earlier schedule to table the state budget on the same day as the central budget on 1 February.
Sensex Slides 69 Points Ahead of Budget; Ends Below 36,000-mark
The 30-share index remained in the negative zone for the major part of the session and lost 68.71 points, or 0.19 per cent to finish at 35,965.02. Intra-day, it shuttled between 35,818.41 and 36,050.69.
Demonetisation Led to Rise in Financial Savings, Says Economic Survey 2018
The document, prepared by Chief Economic Adviser Arvind Subramanian and his team assessing the economic condition of the country, stated that the country’s financial savings has benefitted due to demonetisation.
'Make in India' Can't be Termed Protectionist: Piyush Goyal
Speaking at the World Economic Forum (WEF) Annual Meeting in Davos, Union minister Piyush Goyal said India has positioned itself as a global statesman in the context of prevailing concerns relating to a fractured world.
What if Baba Ramdev's Patanjali Was Not an NGO And Paid Corporate Tax?
Founded in 2006, Haridwar-based Patanjali Ayurved clocked an annual revenue of Rs 10,561 crore in the financial year end of March 2017. Revenue registered for the financial year 2015-16 was Rs 5,000 crore and Rs 2,007 for the fiscal before that.
Sensex Breaches 36,000 Mark, Nifty Trades Above 11,000
The benchmark BSE Sensex breached the historic 36,000 level by surging 253.85 points, 0.70 per cent to hit yet another record high of 36,051.86 in late morning deals. The gauge had rallied 1,026.96 points in the previous four back-to-back record-setting s...
Increase Income Tax Exemption Limit to Rs 3 Lakh, Says SBI Report
Due to 7th pay commission, the personal disposable income has been increased, so we believe there is a need to raise the exemption limit to Rs 3 lakh, the move will benefit around 75 lakh people, the SBI's Ecowrap report said.
Rupee Depreciates 10 Paise Against US Dollar in Early Trade
Forex dealers said the dollar's gains against major world currencies overseas weighed on the rupee sentiment.
Sensex Hits New Peak at 35,664.01 Points, Nifty at 10,926.45
The 30-share index rose by 152.43 points, or 0.42 per cent, to hit a new high of 35,664.01, surpassing its previous intra-day record of 35,542.17 hit on Friday (January 19).