Business

September 21, 2019 8:54 AM

Govt cuts corporate tax rate for domestic investors

the government has cut the corporate tax from nearly 35 to about 25 per cent for domestic investors.   Addressing Media ahead of 37th GST council meeting in Goa, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said the new domestic manufacturing companies will have to pay 15 per ...

September 17, 2019 2:25 PM

Domestic equity indices fall more than one per cent in afternoon trade

Domestic equity indices today plunged more than one per cent in afternoon trade. Benchmark stocks logged losses amid Brent crude prices surge to 69 dollars per barrel and negative cues from global markets. Sensex at Bombay Stock Exchange declined 485 points to trade at 36,638. Nifty at National Stoc...

September 17, 2019 8:26 AM

Wholesale price-based inflation unchanged at 1.08% in August

Wholesale price-based inflation was unchanged at 1.08 per cent in August, reinforcing the expectation of a rate cut by the RBI in the October policy review. Experts said, although the RBI takes into account the Consumer Price Index-based inflation while deciding its monetary policy stance, the decli...

September 16, 2019 4:46 PM

Sensex slips 262 points; Nifty ends at 11,004

Domestic stock markets today logged losses of around 0.7 per cent amid negative global cues. The Sensex at the Bombay Stock Exchange declined 262 points to close at 37,123. The Nifty at the National Stock Exchange also fell 72 points to settle at 11,004. 

September 16, 2019 4:17 PM

Oil prices soar after Saudi plant attacks

Brent crude jumped 10% to 66.28 Dollar a barrel, while West Texas Intermediate rose 8.9% to 59.75 Dollar in Asian trading. Prices pulled back slightly after US President Donald Trump authorized the release of US reserves. The drone strike on Saudi's oil facilities, which the US blames on Ir...

September 15, 2019 7:13 PM

FPIs turn net buyers, pumps Rs 1,841 cr in first half of September

Foreign portfolio investors turned net buyers in this month so far, pumping more than 1,800 crore rupees into the capital markets, after remaining sellers for the previous two months. Experts said, the latest inflows have been triggered by improving investor sentiment on the back of easing US-China ...

September 14, 2019 8:56 AM

Foreign exchange reserves increased in week to Sept 6

The country's foreign exchange reserves increased by 1.004 billion US dollars to 429.608 billion dollars in the week to September 6. As per latest RBI data, the reserves had touched a life-time high of 430.572 billion dollars in August this year. Expressed in US dollar terms, the foreign cu...

September 14, 2019 8:42 AM

Modi govt's efforts on economic front are visible: Smriti Irani

Union Minister Smriti Irani has said that the Modi government's efforts on economic front are visible and asserted that it meets various stake-holders every day to try to find solutions to emerging challenges. Speaking at a "fireside chat" event organised by FICCI Young Le...

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