Business

Government's move to demonetise currency will impact the secondary steel sector as most of the business conducted by these mini mills and rolling factories is cash-based, Tata Steel said.

Moving quickly to plug loopholes, the Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window provided to tender the now-defunct 500 and 1000 rupee notes.

BSE Sensex crashed nearly 413 points and NSE Nifty cracked below the 8,400-mark in early trade on Friday on profit-booking at higher levels and foreign capital outflows ahead of IIP data to be released later in the day.

Rupee crashed by 52 paise to breach the 67-level and traded at 67.15 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market after the American currency soared overseas.

The IMF said on Friday it supports India's efforts to fight corruption through the currency control measures announced this week, but stressed taking care to minimize disruptions in the economy.

Shares of Time Warner Inc fell more than 2 percent on Wednesday on concerns that U.S. President-elect Donald Trump will make good on his vow to block a proposed $85 billion acquisition by AT&T Inc.

The Goods and Services Tax Council, comprising state finance ministers and headed Union Finance Minister Arun Jaitley, will meet informally on November 20 to sort out the differences.

BSE Sensex lost further ground this morning by declining 43 points on sustained capital outflows by foreign funds and selling by retail investors amid continued sell-off in global markets, reeling under fear that market favourite Hillary Clinton may lose...

As the scrimmage between Ratan Tata and Cyrus Mistry takes an ugly turn, few members of the Parsi community in Mumbai express their disappointment over the issue while others believe the community should ignore the spat.

Senator Bernie Sanders is calling on the government to block a proposed USD 85 billion merger of communications giants AT&T and Time Warner.

The row over the sudden removal of Cyrus Mistry as Tata Sons Chairman may have investors in the group’s companies worried, but it has turned out to be a surprise Diwali bonanza for India’s bulge bracket lawyers and law firms.

In a highly volatile trade, the rupee maintained its edge against the American currency for the second day on Tuesday and appreciated by a modest 3 paise to close at 66.82.

Market benchmark Sensex fell over 91 points on Tuesday as Tata group stocks pulled down the index after Cyrus Mistry was replaced as its chairman yesterday, amid mixed Asian cues.

Market benchmark Sensex started the day on a positive note after it recovered over 88 points and the NSE Nifty regained the 8,700-mark on Monday on fresh buying amid higher Asian cues.

And the hallmark of a civilised society is debate, discussion and disagreement."

Embattled Sahara Group on Friday told the Supreme Court it was ready with a roadmap to deposit the remaining amount of Rs 12,000 crore in the SEBI-Sahara account by December 2018 to be refunded to the investors.