Business

Having noted that global financial headwinds, a slowdown of the world economy and a potential rise in oil prices may put the domestic economy in some stress, Finance Minister Arun Jaitley, while presenting Union Budget for 2017-18 on Wednesday assured th...

Vivek Gupta, Partner, BMR Advisors, hopes public spending to push up aggregate demand and ancillary private investment in the economy and is of the opinion that the largesse is investment focused and not tax focused.

Finance Minister Arun Jaitley on Wednesday proposed to ban all cash transactions above Rs 3 lakh beginning April 1, 2017 with eased income tax rates for those on modest incomes and slashed corporate taxes for small and medium firms in his Budget for 2016-...

Government on Wednesday said it will amend the Drugs and Cosmetics Rules to ensure availability of medicines at reasonable prices and also formulate new norms for the medical devices sector to bring in investments.

FINANCE Minister Arun Jaitley’s Budget for 2016-17 focused on lifting up rural incomes and boosting infrastructure besides ushering in long-pending reforms in the financial sector like the abolition of the Foreign Investment Promotion Board (FIPB) to enab...

Finance Minister Arun Jaitley on Wednesday said that the drop in economic activity due to demonetisation was only transient and its effect would not spill over to the next financial year.

Brushing aside doubt in the wake of death of a sitting member, Finance Minister Arun Jaitley On Wednesday announced that he will present the Union Budget for 2017-18 as scheduled at 11 am.

Tax relief on essential commodities and services, and maternal and medical benefits are some of the expectations of women from Finance Minister Arun Jaitley, who is set to unveil the budget for fiscal 2017-18 on February 1.

Curtailment of education fees, cheaper electronic gadgets and more focus on jobs are some of the expectations Young India has from the budget for fiscal 2017-18 that Finance Minister Arun Jaitley will table in parliament on Wednesday.

The Reserve Bank of India on Friday fixed the reference rate of the rupee at 68.2043 against the US dollar and 72.7467 for the euro.

According to the Ministry of Petroleum and Natural Gas, India’s crude oil production during April-November 2016 was 23990.26 TMT which is 3.53 percent lower than the production during corresponding period of 2015.

The much-awaited Union Budget for 2017-18 is expected to bring in some major changes to the tax framework for individuals and corporates following the demonetisation measure.

Laggards from the Sensex kitty included ICICI Bank, Axis Bank, Bharti Airtel, L&T, Hindustan Unilever, Lupin and Asian Paints, dragged down the benchmark.

Besides, the dollar's weakness against some currencies overseas supported the rupee but a lower opening of the domestic equity market capped its gains, forex dealers said.

The rupee on Friday fell by 8 paise to close at 68.16 against the US currency on fresh bouts of dollar demand from banks and corporates amid capital outflows.

Fresh demand for the US currency from importers and banks alongside sustained capital outflows by foreign funds weighed on the local unit even as US President-elect Donald Trump's speech is awaited.