Business
Sensex Extends Losses Ahead of Exit Polls; Down 87 Points
The Sensex shed about 87 points while the NSE Nifty cracked below the 8,900-mark in early trade on Thursday on sustained selling in oil and gas, power, healthcare and PSU counters ahead of exit poll results.
Aadhaar Not Needed for Pension Withdrawals for Now: EPFO
Retirement fund manager EPFO on Wednesday said Aadhaar will not be required for withdrawal benefits under the Employees' Pension Scheme for now, but furnishing the 12 digit unique number is mandatory in case of final settlement of pension.
Rupee Breaks 3-day Rally, Down 13 Paise to 66.82
The rupee witnessed a reversal on Wednesday after three days of gains and ended lower by 13 paise to 66.82 against the American currency following fresh bouts of dollar demand from importers.
Rupee Falls 9 Paise Against Dollar in Early Trade
Forex dealers said that month-end demand for the greenback from importers and gains against other currencies overseas as invetors keenly await US President Donald Trump's speech at a joint session of Congress today, put pressure on the rupee.
Nasscom President Hopes Trump Administration Will Take "Pragmatic" View on H1B Visa Issue
R Chandrasekhar, the president of the Indian software industry’s lobbying group NASSCOM, has said he hopes the Donald Trump administration takes a “pragmatic” view about the H1B visa issue.
Airtel Scraps Roaming Charges on Calls, Data
Also, it said, there will be no bill shocks while roaming overseas daily billing will be automatically adjusted to the price of basic one day pack even for customers who don't buy a roaming pack.
HSBC Being Probed For Abetting Tax Evasion in India, Other Countries
Tax authorities in India and other countries are probing HSBC Bank, including its Swiss and Dubai offices, for allegedly abetting tax evasion by four Indians and their families, the multinational lender has disclosed.
TCS to Remain Net Cash Positive Despite Rs16K Crore Buyback: S&P
Ratings agency S&P expects IT services major TCS to remain net cash positive even if its Rs 16,000 crore-buyback offer gets fully subscribed.
India Wants Certainty, Transparency in US Visa Regime: Nirmala Sitharaman
India on Tuesday pitched for certainty in the US visa regime arguing that businesses flourish only in a stable environment.
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.
Rupee Drops by 14 Paise to Close at 67.02 Per US Dollar
The Indian rupee dropped by another 14 paise to close at 67.02 per dollar on persistent dollar demand from banks and importers coupled with higher dollar in the overseas market.
Penalty of Equal Amount For Receiving Cash Over Rs 3 Lakh: Revenue Secy
In a bid to check generation of black money, a steep penalty awaits those accepting cash in excess of Rs 3 lakh, beginning April 1, to settle any transaction.
Sensex Takes Breather From Post-Budget Rally, Slips 36 Points
The benchmark Sensex took a break from its two-day post-Budget rally in late morning trade, slipping 36.35 points amid bouts of profit-booking in key front line shares of consumer durables, auto, IT and FMCG sectors.
Rupee's Good Run Continues, Gains 4 Paise Against US Dollar
On Thursday, the rupee had surged by 10 paise to close at a nearly two-month high of 67.37 on sustained dollar unwinding from exporters and banks amid weak overseas trend.
Deposits in Lakhs Made Post-note Ban Under Tax Scanner: Officials
The initial phase of Operation Clean Money involves e-verification of large cash deposits made during November 9 to December 30, 2016.
Ex-Tata Sons Executive Madhu Kannan to Join Uber as CBO India & EMs
Cab aggregator Uber on Thursday said it has roped in former Tata Sons executive Madhu Kannan as Chief Business Officer, India and Emerging Markets.
