Business

The BSE Sensex after a gap-up opening at 35,366.45, advanced further to life-time high of 35,507.36, surpassing its previous intra-day high of 35,118.61 before ending at all-time closing high of 35,260.29, showing a gain of 178.47 points or 0.51 per cent.

The country's tough stance comes as policymakers from the United States to Germany struggle to come up with stricter regulation against money laundering and other crimes.

Besides, domestic equity markets soaring to new highs and the dollar losing sheen against some other currencies overseas also supported the local unit, traders said.

It said the infrastructure sector expects continued thrust from the government towards a revival of investment cycle in the form of the further increase in budgetary allocations towards infrastructure sector with the focus on roads, railways and urban inf...

Forex dealers said a weak dollar in overseas markets and early gains in stock markets capped the rupee losses.

The Confederation of Indian Industry (CII) said till such time that the five are included in GST, C Form should be continued to avoid high tax incidence on these products.

Trade deficit or difference between imports and exports was USD 14.88 billion in December, up about 41 per cent year-on-year, as crude oil and gold import bill inflated, the commerce ministry data showed.

Uday Kotak admitted that conventional savings of the country is now dripping into financial savings, that is more use of mutual funds, systematic planning investments etc.

The ministry has asked all the commodity boards and the concerned ministries to identify those "support" structures, which are compliant with global trade rules.

On whether the government has reached a conclusion as to how much of the debt will be absorbed by them, Jayant Sinha explained, “those are decisions that will be made by the audited mechanism under the advice from the transaction advisor which is EY (a co...

The 10-member Law Review Committee, comprising representatives from both the Centre and states, also suggested that the limit of services provided by a composition dealer should be limited to 10 per cent of the taxable turnover or Rs 5 lakh, whichever is...

"There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through exchanges," said Park at a press conference, according to the ministry's press office.

The Directorate General of Safeguards in a January 5 recommendation to the finance ministry said solar cells are "being imported into India in such increased quantities and under such conditions so as to cause or threaten to cause serious injury to the do...

The design was approved by the government last week. The change in design in the old Rs 10 note was last made in 2005.

Air India has a debt of Rs 51,890 crore. The government has initiated a process for strategic disinvestment of Air India as part of efforts to revive the national carrier.

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 54.7 in December from November's 52.6, marking its fifth straight month above the 50 level that separates expansion from contraction.