Sensex falls 174 points, Nifty 50 pts in noon deals

At the stock markers, the Sensex at the Bombay Stock Exchange lost its opening sheen dropping gradually by noon. While it gained 200 points in the opening trade, it was lower by 174 points at 31425 a short while ago. Nifty at the NSE followed suit, losing 50 points at 9821.The rupee weakened further...

GST revenue collections in August at Rs 90,669 cr<br/>

Goods and Services Tax (GST) revenue collections in August stood at 90,669 crore rupees. Out of this, CGST revenue is 14,402 crore rupees, SGST 21,067 crore, IGST 47,377 crore and Compensation Cess is 7,823 crore rupees. This figure of GST revenue collection is upto 25th of September. According to a...

Consumer Affairs and Food Minister Ram Vilas Paswan, today launched the Web Portal of Warehousing Development and Regulatory Authority (WDRA) and Electronic Negotiable Warehouse Receipt (e-NWR) System in New Delhi. Addressing the gathering on the occasion, Mr. Paswan lauded the initiatives taken by ...

ADB lowers India growth outlook to 7% for 2017-18<br/>

Asian Development Bank has downgraded India&apos;s growth projection to 7 per cent for the current fiscal while lowering its forecast for the next financial year as well. ADB in its Asian Development Outlook 2017 update said, India&apos;s GDP growth is downgraded to 7 per cent in financial y...

SBI lowers min balance to Rs 3,000; exempts pensioners, minors<br/>

State Bank of India, SBI, has lowered the minimum average monthly balance, MAB, requirement in a savings account to 3,000 rupees from 5,000 rupees and also revised downwards penalties for non-adherence. The bank said in a statement in Mumbai yesterday that the revised MAB requirement and charges wil...

India raises market access, barriers issue with Indonesia<br/>

India has raised the issue of market access and regulatory barriers that its companies are facing in Indonesia in sectors such as pharma, dairy and bovine meat. The commerce ministry in a statement said the issues were discussed during a meeting between Commerce and Industry Minister Suresh Prabhu a...

Sensex tanks 434 points <br/>

At the stock markets, after a very weak opening, the Sensex at the Bombay Stock Exchange lost considerably more ground, and had plunged 434 points, or 1.4 percent, to 31,489, a short while ago. The Nifty at the National Stock Exchange had slumped 138 points, to 9,826. Selling pressure was seen acros...

Sensex tanks over 315 points

Sensex plunged over 315 points at 31,613 a short while ago. Nifty broke below the 9,900-mark on persistent concerns about US-North Korea tug-of-war amid foreign capital exit.The rupee made a tepid rise of 3 paise to 64.76 against the US dollar in early part of the day as selling of the American curr...

Need to fight economic challenges on multiple fronts: CEA

Chief Economic Adviser Arvind Subramanian said today the economy is facing multiple headwinds and there is a need to attack them on various fronts. He said in New Delhi that the economy has lots of challenges ahead as growth is slowing down and investment not picking up. Mr. Subramanian said, there ...

Need to fight economic challenges on multiple fronts: CEA

Chief Economic Adviser Arvind Subramanian said today the economy is facing multiple headwinds and there is a need to attack them on various fronts. He said in New Delhi that the economy has lots of challenges ahead as growth is slowing down and investment not picking up. Mr. Subramanian said, there ...