Equities ride bulls ahead of Diwali, Nifty scales record highs
Mumbai, Oct 14 (IANS) Supported by good buying sentiments ahead of Diwali, key Indian equity indices rode the bulls for the second consecutive week, with the wider Nifty50 of the National Stock Exchange (NSE) hitting record highs on the last trading day of the week. Market observers said the risk-taking appetite of investors got a […]
Don’t want business class to get caught in red-tape: PM on GST changes
Dwarka, Oct 7 (PTI) Prime Minister Narendra Modi today hailed the sweeping changes in the GST to give relief to small and medium businesses, saying his government does not want the country’s business class to get caught in red-tape. Asserting that “some very important decisions” related to the Goods and Services Tax (GST) have been taken, […]
GST to impact manufacturing sector: RBI
October 04, 2017 The implementation of GSThad an adverse impact on manufacturing and may delay investment revival, the Reserve Bank said today while hoping that there will be simplification of the new indirect tax regime to the ease business process. In its fourth bi-monthly monetary policy review of 2017- 18, RBI forecast economic growth to slow to 6.7 per cent in the current […]
Sensex climbs 213 pts as auto oil stocks advance
Oct 3, 2017, Mumbai,: The BSE Sensex today rose by 213 points or 0.68 per cent and the NSE Nifty closed above 9,800- mark after a rally in auto stocks on better-than-expected sales data for September. The 30-share BSE barometer after gap-up opening at 31,537.81 points hit a high of 31,615.28 on sustained buying by domestic institutional investors (DIIs). […]
Lesser GST slabs after revenue neutral plus level: Jaitley
New Delhi, Oct 1(Agencies)Finance Minister Arun Jaitley on Sunday said Goods and Services Tax (GST) slabs may be reduced in the future if a “revenue neutral plus” tax level is reached. Jaitley made the remark at the “Foundation Day” event of the National Academy of Customs, Indirect Taxes and Narcotics (NACIN) in Faridabad. According to […]
Jet fuel price hiked, LPG to now cost more
October 01, 2017 Jet fuel or aviation turbine fuel price was today hiked by a steep 6 per cent on firming international rates, the third straight increase in rates since August. Aviation turbine fuel will now cost Rs 53,045 per kilolitre in Delhi, Rs 3,025 per kl more than Rs 50,020 previously, according to a […]
Sensex ends steady, but posts weekly loss
Mumbai, Sep 29 (Agencies) The benchmark Sensex today closed flat as buying by domestic institutional investors and retailers saved the day amid a strengthening rupee. The 30-share index closed marginally higher by 1.24 points at 31,283.72. It had gained 122.67 points in the previous session. Also, the NSE Nifty ended up 19.65 points, or 0.20 per […]
Spot exchange for gold will benefit trade: WGC
New Delhi, Sep 28 (IANS) With the Indian government pushing for transparency in governance and having an appetite for reform, it is time for introduction of spot exchange for gold, the World Gold Council (WGC) said on Thursday. The WGC is a market development organisation for the gold industry. In a report “A gold spot […]
Indian equities plunge, Sensex tanks over 300 points
Mumbai, Sep 27 (IANS) Key Indian equity indices plunged over one per cent each during the mid-afternoon trade session on Wednesday, with the BSE Sensex shedding over 300 points and the NSE Nifty50 over 100 points. According to market observers, caution ahead of futures and options (F&O) expiry, coupled with a weak rupee and profit […]
Dabur India launches 30 products on Amazon’s global platform
New Delhi, Sep 26 (IANS) In a bid to reach out to customers globally, fast moving consumer goods (FMCG) major Dabur India on Tuesday said it has tied up with global e-commerce giant Amazon to launch around 30 products on the platform. The company said under this collaboration, Amazon will help to take around 30 […]
