Sensex ends at 1-month low, hit by losses for 4th day
August 10, 2017 The benchmark Sensex plummeted 267 points to hit a one-month low of 31,531 and the Nifty crashed below 9,900 on Thursday as investors exited, unnerved by sliding global shares due to stand-off between the US and North Korea. Both fell for the fourth straight day. North Korea upped the ante, defying the […]
Ministries want cut in bio-diesel GST, new bio-fuels policy
New Delhi, Aug 10 (IANS) The Union Petroleum and Road Transport Ministries will ask for a reduction in GST on bio-diesel from the current 18 per cent to 5 per cent while a note on a new policy on bio-fuels is to be placed for cabinet approval soon, it was announced on Thursday. “Along with […]
IT, teck stocks drag Indian equities lower
Mumbai, Aug 7 (IANS) Despite positive global cues, the Indian equity markets provisionally closed on a flat-to-negative note on Monday as investors booked profits. Heavy selling pressure was observed in IT, teck (technology, media and entertainment) and consumer durables stocks. At 3.30 p.m., the wider Nifty50 of the National Stock Exchange (NSE) provisionally closed at […]
Q1 earnings, auto sales results buoy Indian equities
Mumbai, Aug 5 (IANS) The key Indian equity indices extended gains for the fifth consecutive week and scaled new record highs on the back of healthy quarterly earnings as well as auto results, coupled with positive global cues. Although profit booking dragged the indices from their heights, some late buying observed on Friday pulled the […]
Apple to launch watches that can make calls: Bloomberg
(Reuters) – Apple Inc (AAPL.O) plans to release a version of its smartwatch later this year that can connect directly to cellular networks, Bloomberg reported on Friday, citing people familiar with the matter. Some of the new models for the Apple Watch will be equipped with LTE chips and be able to perform many tasks […]
Gold steady near 7-week highs ahead of U.S. jobs data
August 2017 LONDON (Reuters) – Gold steadied on Friday near a seven-week high as the dollar traded at near 15-month lows in the wake of weak U.S. data and political turmoil in Washington, though traders were mostly biding their time ahead of key U.S. jobs data due later. Data late Thursday showed a much sharper […]
Prices of subsidised LPG zoom 16% since Modi took charge
August 04, 2017 The prices of subsidised cooking gas zoomed by 16 per cent, from Rs 414 per cylinder when the Bharatiya Janata Party (BJP) government came to power in May 2014 to Rs 479.77 in August 2017, despite global crude oil prices dipping by about 49 per cent. The Narendra Modi-led government had stormed […]
Cost of credit, NPA positioning restricting banks to cut MCLR: SBI
Mumbai, Aug 3 (IANS) The SBI on Thursday said that though the Marginal Cost of Funds-based Lending Rate (MCLR) is expected to be in tandem with the policy rates, banks are hesitant to reduce it due to cost of credit and deposits and NPAs positioning. The Reserve Bank of India (RBI) on Wednesday cut the […]
LS passes 2 bills extending CGST, IGST to Jammu & Kashmir
PTI :Aug 03, 2017 NEW DELHI: The Lok Sabha today passed two bills extending Central GST and Integrated GST to Jammu and Kashmir, with Finance Minister Arun Jaitley saying the step will ensure greater economic integration of the state with rest of the country. He asserted that special status of Jammu and Kashmir was “never meant to create economic […]
GST, weak demand pulls manufacturing output down: PMI
Mumbai, Aug 1 (IANS) India’s manufacturing sector’s output declined last month due to the launch of the Goods and Services Tax (GST) along with weak demand, a key macro-economic data showed on Tuesday. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI), which is a composite indicator of manufacturing performance, stood at 47.9 in July from […]