India is second fastest growing major economy in 2017 in the world: FM Jaitley

Finance minister Arun Jaitley today said despite the slowdown in 2016-17, as per the IMF, India was the fastest growing major economy in 2016 and second fastest growing major economy in 2017 in the world. In a written reply to the Lok Sabha, Mr Jaitley said the government has taken various initiativ...

SEBI defers norms for loan default disclosure by listed firms

Securities and Exchange Board of India - SEBI today said that further discussion is needed on its proposed norms mandating listed companies to make immediate disclosure about their loan defaults. The new rules were to come into effect initially from October but were deferred and a revised proposal w...

India, Afghanistan launch 2nd air cargo route linking Kabul to Mumbai

India and Afghanistan have launched the second air cargo route, linking Kabul to Mumbai on Wednesday. The objective of the air corridors is to boost the export of fresh fruits and medicinal plants from Afghanistan. The first route from Kabul to New Delhi was launched in June. Inaugurating the first ...

Govt not to levy GST on disbursement of Viability Gap Funding extended to select airlines

The government has decided not to levy the Goods and Services Tax on disbursement of Viability Gap Funding extended to select airlines under the regional connectivity scheme,RCS .According to a notification from the Ministry of Civil Aviation, disbursement of the VGF or government subsidy will be ex...

Govt likely to impose anti-dumping duty on a Chinese antibiotic

The government is likely to impose anti-dumping duty on a Chinese antibiotic. The commerce ministry's investigation arm Directorate General of Anti-Dumping and Allied Duties,DGAD has recommended levy of up to 9.48 dollar per kg in its final findings. The DGAD has concluded in its probe that...

Sensex closes 99 points down, Nifty below 10,500

Falling from the record high, the Sensex at the Bombay Stock Exchange lost 99 points, or 0.3 percent, to close at 33,912, today.The Nifty at the National Stock Exchange declined 41 points, or 0.4 percent, to 10,491.

Sensex jumps to new height at 34,123; Nifty hits all-time high of 10,548

At the stock markets, both Sensex and Nifty again hit record intra-day highs on Wednesday. After touching a record 34,123, the Sensex at the Bombay Stock Exchange gained 56 points to trade at 34,067, a short while ago.The Nifty at the National Stock Exchange, which had hit a record 10,548, added 8 p...

India to overtake UK, France to become 5th-largest economy in 2018

Rupee down by 10 paise against USD

The rupee gave up by 10 paise at 64 rupees 18 paise against the dollar today, facing heat from a rising dollar overseas.The dollar was firm against a few global currencies, but the strength in domestic equities came as a buffer for therupee losses, analysts said.The benchmark BSE Sensex went up 76 p...

Rupee down by 10 paise at 64 rupees 18 paise against the dollar

The rupee gave up by 10 paise at 64 rupees 18 paise against the dollar today, facing heat from a rising dollar overseas.The dollar was firm against a few global currencies, but the strength in domestic equities came as a buffer for therupee losses, analysts said.The benchmark BSE Sensex went up 76 p...