Business

September 30, 2019 6:23 PM

RBI appoints Jai Bhagwan Bhoria as administrator for PMC Bank

The Reserve Bank of India has superseded the Board of Punjab and Maharashtra Cooperative Bank Limited, Mumbai and appointed Jai Bhagwan Bhoria as the bank's administrator with all powers of the board. According to an official release, the amount of withdrawal from the bank allowed to deposi...

September 30, 2019 4:29 PM

Sensex falls 155 points; Nifty settles at 11,474

Domestic stock markets today fell amid negative global cues. The Sensex at the Bombay Stock Exchange declined 155 points to close at 38,667. The Nifty at the National Stock Exchange also ended 38 points down at 11,474.   

September 29, 2019 7:26 PM

Foreign investors pour in Rs 7,714 cr into capital markets in September

After remaining net sellers for the past two months, foreign investors infused a net 7,714 crore rupees into the domestic capital markets in this month following a slew of economic reforms by the government.       The Centre last week slashed corporate tax rate by around 10 percentage points and als...

September 28, 2019 9:04 AM

Forex reserves decline by USD 388 million to USD 428.57 billion

India's forex reserves declined by USD 388 million to USD 428.572 billion for the week ended September 20 due to a slide in core currency and gold assets. The Reserve Bank data released on Friday showed that in the week to September 20, foreign currency assets a major component of overall r...

September 27, 2019 7:57 PM

CCI clears 70% stake acquisition in SABIC by Saudi Aramco

The Competition Commission of India has given approval to the acquisition of 70 per cent stake in Saudi Basic Industries Corporation (SABIC) by Saudi Arabian Oil Company. Through this acquisition, Saudi Aramco will have sole control over SABIC.   In India, SABIC is mainly active in the supply of agr...

September 27, 2019 8:45 AM

Date for filing ITRs, Tax Audit Reports extended till October 31

The Central Board of Direct Taxes (CBDT) has extended the due date for filing of income tax returns (ITRs) & Tax Audit Reports from September 30th 2019 to 31st Oct 2019 in respect of persons whose accounts are required to be audited. The CBDT said that a formal notification for the same will...

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