Business

May 22, 2017 11:47 PM

Air India to auction its properties as part of asset monetisation plan

Air India has decided to auction seven of its properties, as a part of its asset monetisation plan. The national carrier has mandated the auctioneer MSTC to put these properties under the hammer. According to the auction notice, Air India proposes to sell its exclusive properties in the form of land...

May 20, 2017 12:05 AM

Anti-dumping duty imposed on Chinese chemical, aluminium foil

India has imposed anti-dumping duty on a Chinese chemical used in pharma industry and aluminium foil to protect domestic industry from cheap imports.While an anti-dumping duty of up to 1.63 US Dollar per kg was imposed on aluminium foil, up to 8.71 US Dollar per kg duty was slapped on imports of amo...

May 20, 2017 12:05 AM

GST rates unlikely to hurt inflation, RBI to be less hawkish

A day after the GST council decided on the rates, domestic rating agency Icra today said, the structure is unlikely to fan inflation. It said in a note, with the effective tax rate intended to be brought down on most items, as well as a large portion of the CPI basket being kept in the exempted cate...

May 19, 2017 11:46 PM

Forex reserves down USD 443.6 million to USD 375.27 billion

India's foreign exchange reserves declined by USD 443.6 million to USD 375.27 billion in the week ended 12th May. A RBI press release has informed that foreign currency assets, a major part of the overall reserves dipped by USD 429.4 million to USD 351.10 billion. In the previous week, the ...

May 19, 2017 6:12 PM

GST rates unlikely to hurt inflation, RBI to be less hawkish

A day after the GST council decided on the rates, domestic rating agency Icra today said, the structure is unlikely to fan inflation. It said in a note, with the effective tax rate intended to be brought down on most items, as well as a large portion of the CPI basket being kept in the exempted cate...

May 18, 2017 4:49 PM

Key Asian stocks fall amid concern about political developments in US

Key Asian stocks fell, today, amid concern about political developments in the US. Key Asian markets also lost ground. So Japan's Nikkei 225 index slipped 1.3 percent; Singapore's Straits Times index lost 0.1 percent; South Korea's Kospi dropped 0.3 percent, each; China&am...

May 18, 2017 4:45 PM

Domestic stock markets end a three-day record setting run

The domestic stock markets ended a three-day record setting run, today, in line with falling global equities. So the Sensex at the Bombay Stock Exchange slumped 224 points, or 0.7 percent, to close at 30,435. The Nifty at the National Stock Exchange dropped 96 points, or 1 percent, to 9,429.

May 18, 2017 2:22 PM

Anti-dumping duty imposed on Chinese chemical, aluminium foil

India has imposed anti-dumping duty on a Chinese chemical used in pharma industry and aluminium foil to protect domestic industry from cheap imports.While an anti-dumping duty of up to 1.63 US Dollar per kg was imposed on aluminium foil, up to 8.71 US Dollar per kg duty was slapped on imports of amo...

May 17, 2017 8:55 PM

Sensex, Nifty manage to end session at a record closing high

The domestic stock markets ended at fresh record highs for the third straight session, today. So the Sensex at the Bombay Stock Exchange climbed 76 points, or 0.3 percent, to an all-time closing high of 30,659. The Nifty at the National Stock Exchange gained 14 points, to end at a lifetime peak of 9...

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