Economic Slowdown Has Bottomed Out, Uptick From Hereon: CEA

As per the first advance estimates released by the National Statistical Organisation (NSO), the country's economic growth is likely to hit an 11-year low of 5 per cent in the current fiscal ending...

from NDTV Profit - Latest https://ift.tt/2UcmyRP

Economic Survey Sees Pickup In Growth But Calls For Expansionary Policy

For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects.

from NDTV Profit - Latest https://ift.tt/3b0S7E8

Defence Experts: Defence Sector Needs Money For Modernisation

Commodore C Uday Bhaskar (Retired), Director, Society for Policy Studies said, "My expectation is that Budget 2020 will be a meaningful redress of the imbalance in the defence allocation, wherein the...

from NDTV Profit - Latest https://ift.tt/31at4tQ

Government Refutes 'Unfounded' Criticism About GDP Data

India's economic data has come under intense scrutiny after some commentators said the GDP data was unusually buoyant despite distress in sectors like automobiles and power generation.

from NDTV Profit - Latest https://ift.tt/2S6Ur40

Uptick In Retail Prices In FY20, Mainly On Veggies, Pulses: Economic Survey

The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014; however, recently there has been an...

from NDTV Profit - Latest https://ift.tt/36FmwEB

Sensex, Nifty Decline For Second Day After Survey Pegs 5% Growth For FY20

Six of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty Metal index's 2.3 per cent fall.

from NDTV Profit - Latest https://ift.tt/2RIFdmy

Economists: 'Thalinomics' Old Wine In A New Bottle

The survey states that the absolute prices of a vegetarian thali have decreased significantly since 2015-16 across India, although the prices have increased during 2019-20. From 2006-07 to 2019-20,...

from NDTV Profit - Latest https://ift.tt/2OhdIOS

Economic Survey Hints At Easing Of 3.3% Fiscal Deficit Target

The Economic Survey 2019-20 warns against a widening fiscal deficit, stating that the government may need to relax its target for the current financial year to revive growth. The Economic Survey,...

from NDTV Profit - Latest https://ift.tt/2RIpIuX

Markets Trade Flat Post Economic Survey, SBI Jumps 2% After Q3 Results

The European and Asian indices are trading mixed this afternoon. The CAC and DAX are marginally higher in early trades, whereas FTSE is open lower. On the Asian front, Nikkei and Taiwan are higher by...

from NDTV Profit - Latest https://ift.tt/2S6gtDR

Over 5.54 Crore Entrepreneurs Availed Loans Under Mudra Scheme: President

The President in his address noted that tier-II and tier-III cities are emerging in a new role towards achieving the goal of a $5-trillion economy.

from NDTV Profit - Latest https://ift.tt/2GHzx61

SBI Profit Rises 41% In December Quarter As Asset Quality Improves

The bank's gross non-performing assets as a percentage of total advances improved to 6.94 per cent versus 7.19 per cent in the previous quarter.

from NDTV Profit - Latest https://ift.tt/319OJSY

Can Budget 2020 Reboot The Banking Sector?

Abheek Barua, Chief Economist at HDFC Bank believes, "The central problem is risk and the government through this Budget can make an attempt to reduce the risk by holding or purchasing some of the...

from NDTV Profit - Latest https://ift.tt/2ObX2Z1

Economic Survey Predicts Pick-Up In Growth To 6-6.5% In 2020-21: 10 Points

The government's Economic Survey 2020 pegged the gross domestic product (GDP) growth at 5 per cent in the current financial year, which it said would pick up to 6-6.5 per cent in financial year ending...

from NDTV Profit - Latest https://ift.tt/2RZZIdy

Sensex Slips More Than 100 Points Ahead Of Economic Survey

The broader markets were also trading weak; the BSE Midcap index had 62 points or 0.4 per cent at 15,494 and the smallcap index had lost 41 points or 0.2 per cent at 14,663.The Economic Survey is to...

from NDTV Profit - Latest https://ift.tt/2RG3TMG

Budget 2020: Income Tax Cuts, Concessions For Home Buyers Predicted

Finance Minister Nirmala Sitharaman is set to outline fiscal steps that may include higher spending in rural areas and possible tax cuts when she delivers her second budget speech in New Delhi.

from NDTV Profit - Latest https://ift.tt/3aTZGwl

Krishnamurthy Subramanian's Economic Survey LIVE Updates

An Economic Survey is a comprehensive report card on the economy, through which the Government of India's Chief Economic Adviser shares his perspective on the economy, provides insights on...

from NDTV Profit - Latest https://ift.tt/2uRCuhC

IIT-Kanpur Alumnus Arvind Krishna To Be The CEO of IBM: 10 Things To Know

International Business Machines Corp (IBM) has named IITian Arvind Krishna as chief executive officer, replacing long-time CEO Virginia Rometty. Mr Krishna, 57, who is an alumnus from Indian Institute...

from NDTV Profit - Latest https://ift.tt/2GCZ40r

What Is Economic Survey? 10 Things To Know

The Economic Survey will be presented by Chief Economic Advisor Krishnamurthy Subramanian and tabled in both the houses by Finance Minister Nirmala Sitharaman in January 2020. The Economic Survey is a...

from NDTV Profit - Latest https://ift.tt/2st7ROG

Economic Survey Likely To Forecast 2020-21 GDP Growth At 6-6.5%: Report

An Economic Survey by Chief Economic Adviser Krishnamurthy Subramanian will be officially announced later in the day and the government will present its Union Budget on Saturday.

from NDTV Profit - Latest https://ift.tt/31beToz

Sensex Hovers at 41,000, Nifty Touches 12,100 Ahead of Economic Policy

he markets will keep an eye on the Economic Survey to be presented by Chief Economic Advisor (CEA) Krishnamurthy Subramanian in the afternoon, a day ahead of the Budget.

from NDTV Profit - Latest https://ift.tt/31bIcr6

IITian Arvind Krishna To Be New IBM CEO

IBM will likely continue its trajectory under Krishna, but may pursue more small acquisitions in the cloud and analytics space, said Tim Hubbard, assistant professor at the University of Notre Dame...

from NDTV Profit - Latest https://ift.tt/37UaVms

Wipro Ceo Abidali Z Neemuchwala To Step Down, Board Starts Search For Successor

Neemuchwala, 52, will continue to hold the office of the CEO and Managing Director, until a successor is appointed for a smooth transition and to ensure that business continues as usual, the company...

from NDTV Profit - Latest https://ift.tt/36LLLFf

Markets Likely To Open Higher Ahead of Economic Survey

The Dow Jones reversed course towards the end of the session and rose 124 points to close at 28,859, the S&P 500 added 10 points to end at 3283 and Nasdaq Composite was up 23 points to close at 9298.

from NDTV Profit - Latest https://ift.tt/36G9sin

How Markets Have Fared Since Budget 2019

Budget 2020: With just one day left before Finance Minister Nirmala Sitharaman reveals what's in store for the markets in this year's Budget, here's a summary of how the markets have fared since the...

from NDTV Profit - Latest https://ift.tt/38QqxYl

Economic Survey 2019-20 To Be Released On January 31: 10 Things To Know

Finance Minister Nirmala Sitharaman will table the Economic Survey in both houses of Parliament on January 31, just a day ahead of Union Budget 2020. Prepared by Chief Economic Advisor Krishnamurthy...

from NDTV Profit - Latest https://ift.tt/2O9kJkO

Tata Motors Returns To Profitability In December Quarter

Tata Motors said its subsidiary Jaguar Land Rover continues its turnaround journey "with another strong quarter".

from NDTV Profit - Latest https://ift.tt/2ta5ZuJ

Bajaj Auto Chairman Rahul Bajaj To Step Down From Executive Role

Rahul Bajaj has been a director of the company since April 1, 1970, Bajaj Auto said.

from NDTV Profit - Latest https://ift.tt/2OqQOoD

Sensex Closes 285 Points Lower Amid Broad-Based Selloff

Domestic stock markets moved lower on Thursday tracking weakness in Asian peers as worries about the economic impact from the coronavirus epidemic in China continued to weigh on sentiment. The S&P BSE...

from NDTV Profit - Latest https://ift.tt/3aWW8cC

Bank Strike News: Bank Employee Unions Call Strike On January 31, February 1

UFBU is a confederation of nine bank unions that includes All India Bank Employees' Association (AIBEA), All India Bank Officers' Confederation (AIBOC), National Confederation of Bank Employees, All...

from NDTV Profit - Latest https://ift.tt/2S5faoE

Opinion: Dividend Distribution Tax Rationalisation The Need Of The Hour

Shareholders falling lower tax brackets pay lesser taxes on dividend income, whereas those in higher tax brackets lead to more revenue for the tax department.

from NDTV Profit - Latest https://ift.tt/2RZgkSQ

Mandatory Hallmarking A Positive Step In India: World Gold Council

"Looking ahead, 2020, we expect policy-led and industry-led initiatives to bring a marked shift in making the industry more transparent and organised," said Somasundaram PR, Managing Director, India,...

from NDTV Profit - Latest https://ift.tt/2S22saf

Budget 2020: New Amnesty Scheme For Income Tax Legacy Disputes May Net Rs 2 Lakh Crore, Says Report

This amnesty scheme could mirror the Sabka Vishwas scheme which was targeted at customs and excise dispute resolution amnesty scheme in which the government has mopped up at least Rs 38,000 crore.

from NDTV Profit - Latest https://ift.tt/2u1zmQn

Venture Capital Market In India Ended On A High Note In 2019: KPMG

"Consumer-focused technologies were a critical focus for VC investors in India; in addition to PayTM, online pharmacy company PharmEasy raised $220 million, while home furnishings company Urban Ladder...

from NDTV Profit - Latest https://ift.tt/2tTyYn8

Opinion: PM Modi's Budget Won't Solve India's Economic Crisis

Virtually every industry, from banking and auto to real estate, power and telecom is in disarray. The fiscal space available to fight the slowdown is limited.

from NDTV Profit - Latest https://ift.tt/2RCAEKw

Sensex Plunges Over 300 Points As Selloff Across Sectors Deepens

Analysts say the markets are likely to remain volatile until the government presents the Budget on February 1, when it may unveil measures to lift growth.

from NDTV Profit - Latest https://ift.tt/2t9tqEt

Cooking Gas Prices May Rise Further As Oil Subsidies End By FY22: Report

Sources said that taking advantage of low oil prices, the government may give nod to state-run oil marketing companies to increase the price of subsidised LPG cylinder gradually so that entire subsidy...

from NDTV Profit - Latest https://ift.tt/2S3V5Ps

Sensex Falls 150 Points, Nifty Slips Below 12,100; RIL, Tata Steel Weak

Asian stocks slumped to a seven-week low and sovereign bonds rallied this morning amid mounting evidence that the coronavirus epidemic was spreading its tentacles across China and threatening to...

from NDTV Profit - Latest https://ift.tt/2U36e5Y

Unfinished 'Wish Town' Near Delhi Tells Story Of Economy In Distress

A sprawling 1,063-acre property development located in Noida, just outside New Delhi, Wish Town was supposed to give would-be home buyers sparkling shopping malls, pristine golf courses and modern...

from NDTV Profit - Latest https://ift.tt/2OanEKi

Markets Likely To Have A Negative Opening

Asian stocks slumped to a seven-week low and sovereign bonds rallied this morning amid mounting evidence that the coronavirus epidemic is disrupting the world's second largest economy. Federal Reserve...

from NDTV Profit - Latest https://ift.tt/2uOdsjt

Railways For Setting Up Fund To Deal With Rs 50,000 Crore Pension Burden

Chairman Railway Board V.K. Yadav said, "About 25 per cent of the railways' earnings goes into paying the pensions to the former railway employees."

from NDTV Profit - Latest https://ift.tt/2GBXRWQ

Rupee Rises 7 Paise Against Dollar On Rebound In Equity Markets

The rupee consolidated in a narrow range as market participants assessed the economic implications of the coronavirus outbreak.

from NDTV Profit - Latest https://ift.tt/3aV0r8n

Budget 2020: BJP Recommends Tax Tweaks To Attract Foreign Investors

Bharatiya Janata Party has recommended adjusting rules on taxing equity market returns in the upcoming budget on February 1.

from NDTV Profit - Latest https://ift.tt/2t69XEE

IndiGo Shareholders Reject Changing Rules On Stock Sales

The co-founders have been involved in a bitter spat that stemmed from allegations of corporate governance violations.

from NDTV Profit - Latest https://ift.tt/2tcIBgk

Boeing Reports Loss Of $636 Million In 2019, First Annual Loss Since 1997

The aerospace giant reported a $1.0 billion loss in the fourth-quarter and a $636 million loss for all of 2019, the company's first annual loss since 1997.

from NDTV Profit - Latest https://ift.tt/3aTDmDe

Potato Production Rises 51% In Over A Decade: Agriculture Minister

Agriculture Minister Narendra Singh Tomar expressed concern over crop losses, saying the damage to the crop currently stands at 16 per cent which needs to be reduced.

from NDTV Profit - Latest https://ift.tt/38I143g

Ahead Of Budget 2020, Know All About Section 80C Income Tax Benefits

Industry body FICCI or Federation of Indian Chambers of Commerce & Industry has called for an increase in the existing limit on income tax deduction available under Section 80C of the Income Tax Act.

from NDTV Profit - Latest https://ift.tt/2vwzDeC

Finance Ministry Asks Departments Not To Rush Last Minute Spending

There are indications that government may cut spending by up to Rs 2 lakh crore to curb rising fiscal deficit.

from NDTV Profit - Latest https://ift.tt/2RB8G1X

When And Where To Watch LIVE Coverage Of Economic Survey

Economic Survey Where To Watch LIVE Coverage: The Economic Survey reviews the developments in the economy over the past financial year, highlights the policy initiatives of the government and economic...

from NDTV Profit - Latest https://ift.tt/2uMfGzR

Sensex, Nifty Snap 2-Day Losing Streak As Investors Shift Focus To Budget

Budget 2020: All the 11 sector gauges, barring the Nifty Pharma index, ended higher led by the gauge of FMCG shares.

from NDTV Profit - Latest https://ift.tt/2Gy33uZ

Sensex Up Over 350 Points As Markets On Way To Snap Two-Day Losing Streak

All the 11 sector gauges were trading higher led by the gauge of FMCG shares. The Nifty FMCG index rose 1.4 per cent.

from NDTV Profit - Latest https://ift.tt/2GzwRaO

How To Avail Income Tax Benefits Under National Pension Scheme

NPS offers two types of accounts: Tier 1 and Tier 2. While the Tier 1 NPS account is strictly a pension account which doesn't allow withdrawals, while the Tier 2 account - known as investment account...

from NDTV Profit - Latest https://ift.tt/38OJyuq

Opinion: Restoring Input Tax Credit Benefits To Help Bring Down Property Prices

The question of why homes are not selling as quickly as they used to does not have a single answer - it is a matter of sentiment, and sentiment reacts to a number of factors.

from NDTV Profit - Latest https://ift.tt/38L63Aj

Air India Warns Of Fake Social Media Handles Offering Jobs

Air India has warned that unauthorized use of Air India's signage or trademark is an offence under the applicable laws.

from NDTV Profit - Latest https://ift.tt/2Ryj6PL

Rupee Edges Higher To 71.21 Against Dollar

Forex traders said rupee is trading in a narrow range amid amid fast-spreading coronavirus outbreak in China stoking fears about more trouble for the global economy.

from NDTV Profit - Latest https://ift.tt/2uDAZDQ

Sensex Soars 300 Points, Nifty Crosses 12,150 Amid Gains Across Sectors

Union Budget 2020: Analysts say the markets are likely to remain volatile until the government presents the Union Budget on February 1, when it may also unveil more measures to lift growth.

from NDTV Profit - Latest https://ift.tt/2Gw3jdV

Budget 2020: Roadbuilders' Shares Surge On Hopes Of Big Boost

The rally is being led by belief that Finance Minister Nirmala Sitharaman will need to do more to revive economic growth from the lowest since 2008.

from NDTV Profit - Latest https://ift.tt/2u10IpH

Sensex Rises Over 200 Points, Nifty Crosses 12,100 In Early Trade

Union Budget 2020: Analysts say the markets are likely to remain volatile until the government presents the Union Budget on February 1, when it may also unveil more measures to lift growth.

from NDTV Profit - Latest https://ift.tt/3aOwHtT

Sensex, Nifty Likely To Open Higher Today

Union Budget 2020: Analysts say the markets are likely to remain volatile until the government presents the Union Budget on February 1, when it may also unveil more measures to lift growth.

from NDTV Profit - Latest https://ift.tt/2GsZtT1

Mukesh Ambani's Reliance Industries To Use Plastic In Road Construction

India, which uses about 14 million tonnes of plastic annually, lacks an organised system for management of plastic waste, leading to widespread littering. New Delhi is the world's most polluted...

from NDTV Profit - Latest https://ift.tt/2GsSqK2

Rupee Edges Higher To Close At 71.31 Against Dollar

Analysts say the markets are likely to remain volatile until the government presents the Union Budget on February 1, when it may also unveil more measures to lift growth.

from NDTV Profit - Latest https://ift.tt/36z8bcW

Rupee Rises 12 Paise To 71.31 Against Us Dollar Amid Easing Crude Prices

Benchmark Brent crude oil prices moderated to $58.67 per barrel, down 1.10 per cent. The fall in crude prices was attributed to expected demand slump over rising coronavirus cases in China.

from NDTV Profit - Latest https://ift.tt/2TYQzEN

FICCI For Credit Of GST Against Excise Duty On Petroleum Products

Union Budget 2020: Until the introduction of GST on petroleum products, suitable amendments in the CENVAT (Central Value Added Tax) rules will lower the production costs for oil and gas companies,...

from NDTV Profit - Latest https://ift.tt/3aU7tKT

Budget 2020 Likely To Raise Spending To Revive Economic Growth: Report

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5 per cent in the July-September quarter, worsening the job prospects for millions of youth entering the workforce each...

from NDTV Profit - Latest https://ift.tt/36v1tVf

FICCI Calls For Increase In Section 80C Income Tax Deduction Limit

Union Budget 2020: Finance Minister Nirmala Sitharaman will present the first full-year Union Budget of Prime Minister Narendra Modi's government in Parliament on February 1.

from NDTV Profit - Latest https://ift.tt/2O6AY2a

Indian Online Food Delivery Market To Hit $8 Billion By 2020

Google and Boston Consulting Group (BCG) revealed, in a report, that variety in cuisines (35 per cent) was one of the top reasons for recurrent use of online food ordering apps, followed by good...

from NDTV Profit - Latest https://ift.tt/2vm69jk

Budget 2020: HDFC Pitches For One-Time Loan Recast For Realty Projects

HDFC Chairman Deepak Parekh said that lenders are not able to write new loans for projects because a new borrowing by an entity which is already a non-performing asset, becomes an NPA on day one.

from NDTV Profit - Latest https://ift.tt/2GvEjDC

Sensex Falls Nearly 200 Points, Settles Below 41,000

Budget 2020: Analysts say that the markets are likely to remain volatile ahead of the presentation of Union Budget due on Saturday.

from NDTV Profit - Latest https://ift.tt/38MfcZy

Explainer: What Is Finance Bill?

As per Rule 219 of the Rules of Procedure of Lok Sabha, a Finance Bill is a bill ordinarily introduced in each year to give effect to the financial proposals of the Government for the following...

from NDTV Profit - Latest https://ift.tt/2RZWCWO

Tata Launches 'Ecosystem' To Kickstart Indian Clean Vehicles

India, in an effort to curb high pollution in several cities and to bring down its fuel import bill, is encouraging automakers to build EVs.

from NDTV Profit - Latest https://ift.tt/2GqByUh

Sugar Buyers Nervous As Indian Export Surge Fails To Materialise

Global buyers have been targetting Indian supplies to help meet a global sugar deficit of 6.12 million tonnes in 2019/20 forecast by the International Sugar Organization.

from NDTV Profit - Latest https://ift.tt/2RXhFt8

Budget 2020: How Sensex, Nifty Have Reacted To Budget Announcements In The Past

Analysts say the volatility in the markets especially on the Budget day cannot be ruled out as the government may unveil more measures to lift economic growth.

from NDTV Profit - Latest https://ift.tt/2RWxPmt

Need Lower Licence Fee, Spectrum Usage Charges: Telecom Industry

Telecom providers in the country pay the Department of Telecommunications 3-5 per cent of their AGR in spectrum usage charges and 8 per cent as licence fees.

from NDTV Profit - Latest https://ift.tt/2tKCFvj

Maruti Suzuki Profit Rises 5% To Rs 1,565 Crore In December Quarter

Maruti Suzuki, the country's largest car maker, on Tuesday reported that its net profit rose 5 per cent year-on-year to Rs 1,565 crore in quarter ended December 2019.

from NDTV Profit - Latest https://ift.tt/2RvhNRJ

Budget Needs To Move Educational Services To 0% GST Slab: Kara Learning

Educational services provider have called upon the Finance Minister to move educational services to 0 per cent goods and services tax (GST) slab from currently under the 'exempt' category of GST,

from NDTV Profit - Latest https://ift.tt/2GxQ38w

Troubled Assets Relief Programme-Like Fund Likely For NBFCs: Report

A high level review meeting was held on Monday, chaired by Prime Minister Narendra Modi. A final decision will be taken on the matter.

from NDTV Profit - Latest https://ift.tt/2O4FUV3

Explainer: What Is Appropriation Bill?

The government introduces the Appropriation Bill in the Lok Sabha post the discussions on Budget proposals and Voting on Demand for Grants. The Appropriation Bill is first passed by Lok Sabha and then...

from NDTV Profit - Latest https://ift.tt/37Cs9os

Uniform LTCG Duration On Equity, Property, Gold Likely In Budget: Report

Budget 2020: Currently the duration of LTCG tax for equity is at one year, two years for property and three years for gold.

from NDTV Profit - Latest https://ift.tt/2Rv2Y1o

Budget 2020: What Fiscal Deficit Is And Why It Is Important To Contain It

Budget 2020: Effective revenue deficit is defined as the difference between revenue deficit and grants for creation of capital assets.

from NDTV Profit - Latest https://ift.tt/3aH7rFQ

HDFC Stock Spikes On 4-Fold Jump In Q3 Net Profit

At 10:30 am, the shares of HDFC were trading at Rs 2,448, higher by 53 points or 2.2 per cent. The stock opened at Rs 2,419 and has touched an intra-day high of Rs 2,470 and a low of Rs 2,409 thus...

from NDTV Profit - Latest https://ift.tt/38IxKcR

Budget 2020: Five Key People Working Behind The Scenes And Their Tasks

Mr Modi and his Finance Minister Nirmala Sitharaman have separately held meetings with dozens of economists, industry leaders and farmers' groups, among others, to hear views on measures needed to...

from NDTV Profit - Latest https://ift.tt/2Gr4UBO

Sensex Rises More Than 50 Points, Nifty Above 12,150 Amid Broad-Based Gains

In the overnight trade, US stocks had suffered their worst day in over three months amidst worries about the economic impact of containing the deadly coronavirus. The Dow Jones fell 453 points or 1.57...

from NDTV Profit - Latest https://ift.tt/36zcvsF

Markets Likely To Extend Losses On Weak Global Cues

In the overnight trade, US stocks suffered their worst day in over three months. The Dow Jones fell 453 points or 1.57 per cent to 28,535, the S&P 500 lost 51 points or 1.5 per cent to 3,243 and the...

from NDTV Profit - Latest https://ift.tt/2t2wcvc

1 Lakh Tons Of Dutch-Made Tata Steel Exempt From US Tariffs

Since 2018, US companies wishing to import the type of steel, which is not produced in the US, had been forced to seek tariff exemptions on a case-by-case basis.

from NDTV Profit - Latest https://ift.tt/2O2ndBy

Budget 2020 May Bring In New Policy To Revive Power Discoms

The new scheme would include elements of the current UDAY scheme and would provide assistance for reduction of discoms' losses, he told reporters on the sidelines of an event here.

from NDTV Profit - Latest https://ift.tt/36x8chA

Auto Sector Seeks Incentive-Based Scrappage Scheme In Budget

The Society of Indian Automobile Manufacturers (SIAM) has sent this and other recommendations to the government for the upcoming Budget 2020-21.

from NDTV Profit - Latest https://ift.tt/3aPUMRg

IndiGo Profit Jumps 168% To Rs 496 Crore In December Quarter

In the October-December period of FY20, IndiGo saw its revenue from operations rising 25.5 per cent to Rs 9,931.7 crore.

from NDTV Profit - Latest https://ift.tt/2RtWShK

Brazil's Taurus Signs Deal With Jindal Group To Produce Guns In India

Under the agreement, Jindal will hold a 51 per cent stake in the venture and Taurus the remaining shares, the Brazilian company said.

from NDTV Profit - Latest https://ift.tt/36wX6cq

Budget Should Focus On Putting More Money In Hands Of People, Says FICCI

Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) expects the Budget to put more money in the hands of people especially in rural areas, focus on disinvestment and announce...

from NDTV Profit - Latest https://ift.tt/2U1HafM

Qatar Not Keen To Renegotiate LNG Contracts With India: Qatar Minister

"We are not renegotiating contracts, we stick with contracts - both sides - and we look for additional new contacts and volumes to comply with requirements from India," Mr Kaabi told reporters. ...

from NDTV Profit - Latest https://ift.tt/2RxDvoi

Current Situation Of Air India Is Very Fragile, Says Civil Aviation Minister

Some parameters in current PIM include transfer of management control and sale of 100 per cent shares of Air India, along Air India's 100 per cent stake in its subsidiary Air India Express and 50 per...

from NDTV Profit - Latest https://ift.tt/2TWI5xT

Sensex Slumps 458 points, Nifty Closes Below 12,150; Bank, Metal Stocks Weigh

Earlier in the day, the benchmarks opened lower tracking losses in other Asian peers as fears about the economic impact of China's spreading virus outbreak curbed risk appetite. Analysts expect Indian...

from NDTV Profit - Latest https://ift.tt/2t0NyZv

Oil Drops Below $60 As China Virus Drives Demand Concern

Global stock exchanges also fell as investors grew increasingly anxious about the widening crisis. Demand spiked for safe-haven assets, such as the Japanese yen and Treasury notes.

from NDTV Profit - Latest https://ift.tt/2RsCnSO

January Palm Oil Imports From Malaysia Could Hit Nine-Year Low

Some traders had been hoping state-run trading firms could buy refined palm oil for the public distribution system by floating tenders, but this does not seem to have materialised. ...

from NDTV Profit - Latest https://ift.tt/2GsU2mS

Sensex Slumps Over 400 Points As Markets Extend Losses Weighed By Banks

All the 11 sector gauges, barring the Nifty Pharma index, were trading lower led by the Nifty Metal index's nearly 3 per cent fall.

from NDTV Profit - Latest https://ift.tt/2O2VXCP

Budget Booster Likely For Capital Gains On Property, Equity: Report

If property is sold within 24 months, one has to pay a short term capital gains tax (STCG) on the gains as per an individual's income-tax slab.

from NDTV Profit - Latest https://ift.tt/2vsBvFj

Successful Bidder Would Continue To Use Air India Brand: Civil Aviation Minister

The government on Monday announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment and has set March 17, as the deadline...

from NDTV Profit - Latest https://ift.tt/3aKdBVD

Government Needs To Grant Industry Status To Real Estate Sector In Budget

The government in November last year announced Rs. 25,000-crore special window for stalled real estate projects, in a move aimed at reviving the ailing sector and generating employment.

from NDTV Profit - Latest https://ift.tt/2Rx3wnI

Stocks, Oil Prices Skid As China Virus Fears Drive Investors To Safe Havens

"With most Asian markets closed, fast-money investors are buying risk-off hedges like Treasuries and selling the Nikkei," said Masahiko Loo, portfolio manager at Alliance Bernstein. ...

from NDTV Profit - Latest https://ift.tt/38BmqPM

Air India Bidders Must Absorb $3.3 Billion Debt To Buy Carrier

The entire company will be sold but effective control needs to stay with Indian nationals, according to preliminary terms published Monday. Bids are invited by March 17 with Ernst & Young LLP India as...

from NDTV Profit - Latest https://ift.tt/38EQlGT

Sensex Opens Below 41,500, Nifty Breaks 12,200 As Global Cues Weigh

At 9:20am, the BSE Sensex was trading at 41,427, weaker by 186 points or 0.4 per cent and the NSE Nifty was at 12,193, down 55 points or 0.4 per cent.

from NDTV Profit - Latest https://ift.tt/2uDGulL

Government Invites Bids For 100 Per Cent Stake Sale In Air India

A document inviting expressions of interest in Air India, released on Monday, said India would sell a 100% stake in the carrier, which operates both domestic and international routes.The document set...

from NDTV Profit - Latest https://ift.tt/36rttcw

Markets Set To Open Lower On Weak Global Cues

Wall Street fell in a broad sell-off on Friday, as investors fled equities on growing concerns surrounding the coronavirus outbreak, capping the S&P 500's worst week in six months. The Dow Jones...

from NDTV Profit - Latest https://ift.tt/2tRIHKx

Budget 2020: Aviation Experts Seek Rationalisation Of Taxes On Aviation Turbine Fuel

Ankur Bhatia, Managing Director, Amadeus, Indian Subcontinent believes "the government should actively consider addressing the two concerns the aviation industry is currently grappling with. First, a...

from NDTV Profit - Latest https://ift.tt/30VGTfN

Oil India May Acquire 74% In BPCL's Numaligarh Refinery

According to official sources, while OIL may pick up close to 48 per cent stake, Assam has indicated that it will pick up the remaining to raise its stake to 26 per cent from 12.4 per cent. ...

from NDTV Profit - Latest https://ift.tt/2tS9fev

Non-Life Insurers Can Offer Standard Health Policies Before April 1

In a circular dated April January 24, 2020, the insurance regulator said that insurers can offer the 'Arogya Sanjeevani Policy' - the standard health insurance policy before April 1, 2020.

from NDTV Profit - Latest https://ift.tt/2t0pExe

ICICI Bank's Net Profit Soars 158% to Rs 4,146 crore In December Quarter

The bank made Rs 2083.20 crore in provisions and contingencies, compared to Rs 4,244 crore in the year-ago quarter, which amounts to a decline of 51 per cent over. The recoveries, upgrades and other...

from NDTV Profit - Latest https://ift.tt/2uthlua

Siemens Buys Electrification Company C&S Electric In $296 Million Deal

C&S, which employs 5,000 people, had estimated sales of around 150 million euros in 2019, with an operating profit margin of 10 per cent to 15 per cent, Siemens said.

from NDTV Profit - Latest https://ift.tt/38xvC7G

Government Likely To Raise Import Duties On More Than 50 Items: Report

Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items.

from NDTV Profit - Latest https://ift.tt/30Nw7In

Shaktikanta Das Calls For More Structural Reforms Ahead Of Budget

Structural reforms and fiscal measures may have to be continued and further activated to provide a durable push to demand, Shaktikanta Das said.

from NDTV Profit - Latest https://ift.tt/2utGKUF

Sensex, Nifty Likely To Remain Volatile In Run Up To Budget, Say Analyst

In the first three trading sessions of the week, selloff in the markets deepened wherein the Sensex fell 830 points or 2 per cent.

from NDTV Profit - Latest https://ift.tt/2tQuOwb

Government Faces First Fall In Direct Taxes In Two Decades: Report

A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.

from NDTV Profit - Latest https://ift.tt/36m6teV

Sensex, Nifty Gain For Second Straight Day Led By Banks

Mid- and small-cap shares outperformed their larger peers as the Nifty Midcap 100 and Nifty Smallcap 100 indexes rose nearly 1 per cent each.

from NDTV Profit - Latest https://ift.tt/2RkKhgX

Budget 2020: LTCG Tax Break On Cards? Here's What Analysts Say

Long-Term Capital Gains Tax: This tax is applicable on profits arising from sale of applicable assets held for more than one year from the date of purchase.

from NDTV Profit - Latest https://ift.tt/36mGzaL

Sensex, Nifty Extend Gains; L&T, ICICI Bank Top Gainers

Analysts say the markets are likely to remain volatile until the government presents the Union Budget on February 1, when it may also unveil more measures to lift growth.

from NDTV Profit - Latest https://ift.tt/37j2wsF

Budget 2020: Paint Makers Seek Measures To Boost Demand

Instead of further tax rate cut, the paint makers have sought government to unveil measures to boost demand in the Union Budget.

from NDTV Profit - Latest https://ift.tt/2uxK3Kf

Budget 2020 Expected To Give A Boost To Investments, Savings: Brickwork

Calling the upcoming Budget as "an opportunity to unleash reforms", Brickwork Ratings said that the measures brought in since August 2019 are expected to have an impact on the economy gradually.

from NDTV Profit - Latest https://ift.tt/36t5E48

No Modification In Tata-Mistry Verdict As Top Court Stays Tribunal Order

The apex court said it would hear the matter along with the main plea filed by Tata Sons against NCLAT's verdict.

from NDTV Profit - Latest https://ift.tt/3aGCQYS

Sensex, Nifty Recover Early Losses Amid Volatile Trade

Sensex, Nifty LIVE Market Updates: Analysts say the markets are likely to remain volatile until the government presents the Union Budget on February 1, when it may also unveil more measures to lift...

from NDTV Profit - Latest https://ift.tt/2RMNSTU

Budget 2020: Economy On Way To Recovery, Now Over To Nirmala Sitharaman

The dominant services index rose to the highest level in five months in December as improving new work orders helped boost activity.

from NDTV Profit - Latest https://ift.tt/3aFyb9G

Sensex Falls Over 100 Points, Nifty Drops To 12,150

Sensex, Nifty LIVE Market Updates: Analysts say the markets are likely to remain volatile until the government presents the Union Budget on February 1, when it may also unveil more measures to lift...

from NDTV Profit - Latest https://ift.tt/36scfMd

Sensex, Nifty Likely To Open Lower Today

On Thursday, the S&P BSE Sensex benchmark index had ended 271.02 points - or 0.66 per cent - higher at 41,386.40 and the broader NSE Nifty benchmark settled at 12,180.35, up 73.45 points - or 0.61 per...

from NDTV Profit - Latest https://ift.tt/2vdvQCB

Telecom Department Orders No Action On Defaulting Airtel, Vodafone

While Bharti Airtel and Vodafone Idea did not pay the dues, billionaire Mukesh Ambani-led Reliance Jio paid Rs 195 crore to clear all outstanding against it.

from NDTV Profit - Latest https://ift.tt/2tAFeQA

Fiscal Deficit May Be At 3.5% In Financial Year 2021: Report

Gross borrowing figure is likely to be budgeted at Rs 7.5 lakh crore, i.e., growth of 5.7 per cent year-on-year. This is likely to keep the yields elevated near 6.8-7.0 per cent.

from NDTV Profit - Latest https://ift.tt/30Ll1Uh

Government May Fund $28 Billion Expenses By Off-Budget Borrowings: Report

Off-budget borrowings are a means by which the government keeps its fiscal deficit in check by making quasi-government entities borrow on its behalf.

from NDTV Profit - Latest https://ift.tt/2NTD319

Air India Buyer Will Get An Airline With A Massive Reach: Ashwani Lohani

Comments from the top bureaucrat come within two months after the government said the airline will have to shut shop if not privatized.

from NDTV Profit - Latest https://ift.tt/2tJ6EDL

Union Budget 2020 An Opportunity To Unleash Reforms: Brickwork

Lower revenue generation restricts room for huge stimulus, whereas the economy can do with a booster shot.

from NDTV Profit - Latest https://ift.tt/3aC8d76

Sensex, Nifty Snap Three-Day Losing Streak; L&T Surges After Q3 Earnings

Larsen & Toubro, Infosys, ICICI Bank, State Bank of India, Kotak Mahindra Bank and Axis Bank were among the top movers in the Sensex.

from NDTV Profit - Latest https://ift.tt/38voc50

HDFC Bank To Tap Egon Zehnder To Find Aditya Puri's Successor: Report

The board's decision to recruit a global head-hunting firm comes as a six-member internal search committee has not been able to reach a consensus on selecting a successor to Aditya Puri.

from NDTV Profit - Latest https://ift.tt/3axHPv4

Ahead Of Budget 2020, What Common Man Can Expect In Personal Taxes

Every year, speculations on major income tax changes in Union Budget - potentially sending more money to the pockets of the common man - drive investment decisions for many individuals, say financial...

from NDTV Profit - Latest https://ift.tt/2GigZcm

Key Challenges For Finance Minister Ahead Of Union Budget

Finance Minister Nirmala Sitharaman will present the first full year Budget on February 1, 2020 after Prime Minister Narendra Modi's National Democratic Alliance government returned to power in May...

from NDTV Profit - Latest https://ift.tt/2upeUbV

A PPF Account Can Earn You Rs 28 Lakh Tax Free. Here Is How

PPF accounts come under the EEE category of investments which implies that the investments, the income and the maturity amount are all tax-free.

from NDTV Profit - Latest https://ift.tt/2txxnmN

RBI To Hold Rates On Inflation Concerns, Fiscal Boost Likely: Poll

The latest poll projected the central bank to extend that pause - keeping its repo rate on hold at 5.15 per cent at its February meeting and until at least October.

from NDTV Profit - Latest https://ift.tt/38BIhGZ

Axis Bank Rises Over 3% After December Quarter Earnings

Axis Bank Share Price News: At 11:57 am, Axis Bank shares traded 1.40 per cent higher at Rs 722.75 apiece on the BSE, outperforming the benchmark Sensex index which was up 0.23 per cent.

from NDTV Profit - Latest https://ift.tt/2RmoMfQ

Petrol, Diesel Rates Lowered By 16-20 Paise Per Litre In Metros

Petrol, Diesel Rate Today: Currently, oil marketing companies such as state-run Indian Oil review the domestic rates of petrol and diesel on a daily basis and implement any changes at fuel stations...

from NDTV Profit - Latest https://ift.tt/30WrewN

Rupee Edges Lower Against US Dollar

Brent crude futures, the global oil benchmark, declined 1.36 per cent to $62.35 per barrel.

from NDTV Profit - Latest https://ift.tt/3atY6RE

Sensex Rises Over 200 Points, Nifty Firm Above 12,100

Sensex Nifty

from NDTV Profit - Latest https://ift.tt/38uLHev

Sensex, Nifty Flat In Early Trade

At 8:30 am, the SGX Nifty futures were flat at 12,140.00.

from NDTV Profit - Latest https://ift.tt/2TRdJwv

Sensex, Nifty Likely To Open Flat Today

At 8:30 am, the SGX Nifty futures were flat at 12,140.00.

from NDTV Profit - Latest https://ift.tt/2NOmSlF

Finance Ministry Allows Three Last Dates For Filing GSTR-3B Returns

In past, glitches in the return filing system of GST Network were reported on the last day of filing of returns and trade and industry had to face problems.

from NDTV Profit - Latest https://ift.tt/2NMXKMs

Withdrawing, Transferring Funds Becomes Easier For EPFO Account Holders

The date of exit plays an important role in PF transfers and settlements. It is mandatory for the date of exit tobe updated on the EPFO portal so that the PF can be transferred after taking up a new...

from NDTV Profit - Latest https://ift.tt/2NRfBSa

Adani Group To Become World's Largest Solar Power Company By 2025: Adani

"Given our goal to become the world's largest solar power company by 2025 and the world's largest renewable power company by 2030, we feel confident that we will be able to lead one of the fastest...

from NDTV Profit - Latest https://ift.tt/2tK8159

L&T Net Profit Rises 15% To Rs 2,352 Crore In December Quarter

The infrastructure major's Q3 gross revenue grew 6 per cent to Rs 36,243 crore; the international revenue during the quarter stood at 12,871 crore, constituting 36 per cet of the total revenue during...

from NDTV Profit - Latest https://ift.tt/37jArRQ

Budget 2020 Will Have Plan Of Action On Economy: Prakash Javadekar

The government will unveil its "plan of action" to boost the economy in the Union Budget to be presented on February 1, Union Minister Prakash Javadekar said on Wednesday

from NDTV Profit - Latest https://ift.tt/2v5LOi6

Budget May Offer Production Incentives For Semiconductor Makers

For 'Make in India', there may be investment-linked income tax exemptions under Section 35AD of the Income Tax Act and other indirect tax benefits.

from NDTV Profit - Latest https://ift.tt/3aujKFD

Axis Bank Profit Rises 5% To Rs 1,757 Crore In December Quarter

Axis Bank's core income - net interest income - or the difference between interest earned on loans and interest expended on deposits rose 15.16 per cent to Rs 6,453 crore.

from NDTV Profit - Latest https://ift.tt/37jySDt

Sensex, Nifty Fall For Third Day In A Row As Banking, Metal Shares Drag

In the last three trading sessions, the Sensex has fallen 830 points or 2 per cent and the Nifty has plunged 245 points or 1.98 per cent.

from NDTV Profit - Latest https://ift.tt/37hjRSV

Asian Paints Profit Jumps 20% In December Quarter

Shares in Asian Paints briefly edged higher after the earnings announcement before returning to the negative territory.

from NDTV Profit - Latest https://ift.tt/2urzKHB

AGR Dues: Telecom Department To Set Separate Deadline For Non-Telcos

"The January 23 deadline is not applicable to them (the non-telecom companies or PSUs). There will be a separate date of compliance for non-telecom companies, which we will intimate them. ...

from NDTV Profit - Latest https://ift.tt/36fityH

Opinion: India's $21 Billion Telecom War Comes Down to $2

Of the 15 firms facing long-contested demands, most have shut down, sold out or ended up insolvent. All eyes are now on Vodafone Idea.

from NDTV Profit - Latest https://ift.tt/37jYXTc

India Ratings Expects GDP Growth Of 5.5% In 2020-21

"Although some improvement in FY21 is expected, these risks are going to persist. As a result, the Indian economy is stuck in a phase of low consumption as well as low investment demand," India...

from NDTV Profit - Latest https://ift.tt/2GiNGGx

Utilities' Coal Imports Rise To Highest In Four Years

Imports by Adani's "Ultra mega" power plant in Mundra in Gujarat rose 75 per cent to 17.35 million tonnes, data from the Central Electricity Authority showed.

from NDTV Profit - Latest https://ift.tt/38pQJJ2

Union Budget 2020 Date, When And Where To Watch Live Streaming Of Budget

The Union Budget for financial year 2020-21 will be tabled in Parliament on February 1. The Union Budget will be preceded by the presentation of Economic Survey on the previous day.

from NDTV Profit - Latest https://ift.tt/2NPZ29r

Sensex, Nifty Struggle As Banking, Auto, Metal Shares Fall

Thirteen of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Power index's nearly 2 per cent gain.

from NDTV Profit - Latest https://ift.tt/2NLlSPd

Markets To Remain Open For Trade On Budget Day

The last such instance was in the year 2015, when then finance minister Arun Jaitley presented the Budget on a Saturday. The markets in India are usually shut for trading on Saturdays and Sundays, as...

from NDTV Profit - Latest https://ift.tt/2NPiumx

Uttar Pradesh Cabinet Gives Nod To 2020-21 Excise Policy

"The government has made a simple and transparent excise policy. Renewal of licences will be done through e-lottery. Under the new policy, one person will be allowed to have only two shops in the...

from NDTV Profit - Latest https://ift.tt/2G98kZM

Sensex Falls Over 300 Points From Day's High As Markets Erase Early Gains

Sensex, Nifty LIVE Market Updates: Losses in banking, auto and energy shares outweighed gains in information technology and pharmaceutical stocks.

from NDTV Profit - Latest https://ift.tt/30JGEEn

Vodafone Quits Facebook's Libra Cryptocurrency Project

Vodafone joins PayPal, Mastercard, Visa, Mercado Pago, eBay, Stripe and Booking Holdings in withdrawing from the controversial project -- and is the first company to exit the Libra Association that...

from NDTV Profit - Latest https://ift.tt/37kAI76

India's Painful Double Whammy Spreads to Other Economies, Including China

India, however, is not a victim of trade wars. Its slowdown is self-inflicted, caused by the evaporation of consumer demand, proliferation of bad loans and erosion in business confidence.

from NDTV Profit - Latest https://ift.tt/2GeDRcI

Sensex Rises Over 200 Points, Nifty Crosses 12,200; Earnings In Focus

Sensex, Nifty LIVE Updates: At 9:25 am, the Sensex traded 151.71 points - or 0.37 per cent - higher at 41,475.52 while the Nifty was up 41.55 points - or 0.34 per cent - at 12,211.40.

from NDTV Profit - Latest https://ift.tt/2upOqa8

Sensex, Nifty Likely To Open Higher Today; Earnings In Focus

Sensex, Nifty LIVE Updates: At 8:30 am, the SGX Nifty futures were up 36.00 points - or 0.30 per cent - at 12,227.00.

from NDTV Profit - Latest https://ift.tt/37kpXSg

Budget: Investors' 5-Point Wish-List For Nirmala Sitharaman

With the economy facing its worst growth, investment and jobs crisis in more than a decade, Finance Minister Nirmala Sitharaman needs to offer support for individuals and businesses.

from NDTV Profit - Latest https://ift.tt/38q4Heb

More Trouble For Economy, Direct Tax Collections In Negative Zone: Report

Government sources said that direct tax collection in the current fiscal up to January 15 has fallen by 6.1 per cent compared with the corresponding period of previous year.

from NDTV Profit - Latest https://ift.tt/2RfdxWi

Railways Expecting Highest Capital Expenditure Outlay In Budget: Report

Before 2016, the Union Budget and Railway budget were presented separately in India. However, the 92-year tradition was scrapped by the then Finance Minister Arun Jaitley in 2016.

from NDTV Profit - Latest https://ift.tt/2ugAEXE

Rupee Falls For Fourth Straight Day, Settles At 71.21 Against Dollar

At the interbank foreign exchange market, the local currency opened on a weak note at 71.17. During the day, it saw a high of 71.13 and a low of 71.24.

from NDTV Profit - Latest https://ift.tt/37grN6C

Government Considering Lifting Ban On Onion Exports: Report

In September 2019, the government banned export of onions to increase availability of the commodity in the domestic market and contain rising prices.

from NDTV Profit - Latest https://ift.tt/2G9EcNR

Not Going To Operate All-Economy Aircraft Under A Sub-Brand: Vistara CEO

At present, there are 39 aircraft in Vistara's fleet comprising 19 A320neo aircraft, 13 A320ceo aircraft and seven Boeing B737-800NG aircraft.

from NDTV Profit - Latest https://ift.tt/2G9gSQz

Finance Ministry May Push For Rs 30,000 Crore Dividend From RBI: Report

In the past RBI has paid a total Rs 38,000 crore as interim dividend (Rs 28,000 crore in FY19 and Rs 10,000 crore in FY18).

from NDTV Profit - Latest https://ift.tt/36fEbCO

Sensex, Nifty Decline For Second Day After IMF Cuts India's Growth Target

International Monetary Fund (IMF) on Monday lowered growth estimate for India to 4.8 per cent for financial year 2019-20, citing stress in the non-bank financial sector

from NDTV Profit - Latest https://ift.tt/2Gb4pvu

What Economists Want From Finance Minister To Kickstart Consumption

Mr Abheek Barua, Chief Economist, HDFC Bank, said in a report that the upcoming budget is unlikely to mark a departure from past budgets. There may not be any major fiscal stimulus to ramp up growth...

from NDTV Profit - Latest https://ift.tt/2RduVL5

Government To Decriminalise Income Tax, Money Laundering Acts

The assurance of rationalising penalty provisions in Income Tax Act comes just over a week before she presents the union budget.

from NDTV Profit - Latest https://ift.tt/2TJMt32

Zomato Acquires Uber Eats India For Nearly Rs 2,500 Crore

Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective from Tuesday.

from NDTV Profit - Latest https://ift.tt/30FuVGG

ICICI Bank Launches Cardless Withdrawal Facility Through App iMobile

The facility will enable a "safe and secure" more of withdrawing cash from an account using mobile app iMobile, according to ICICI Bank.

from NDTV Profit - Latest https://ift.tt/2ukquoC

Telecom Firms Seek New Schedule For Clearing Rs 1.5 Lakh Crore Dues

The telecom companies said they wanted an open-court hearing on their fresh pleas with regard to working out fresh schedule of payment of their dues.

from NDTV Profit - Latest https://ift.tt/2umNaoc

Budget: Here's How "Winners" From Last Year's Fiscal Plan Fared

Things haven't gone according to plan though, largely because of a worsening slowdown in the economy, which has put pressure on government revenue and the fiscal deficit.

from NDTV Profit - Latest https://ift.tt/2tFdvxQ

Sensex, Nifty Fall In Early Trade After IMF Trims Forecasts

Zee Entertainment, Axis Bank, Larsen & Toubro, Bank of Baroda, JSW Steel and ICICI Bank will report their earnings for the October-December period this week.

from NDTV Profit - Latest https://ift.tt/2NLHbQN

Sensex, Nifty Likely To Open Lower Today

On Monday, the S&P BSE Sensex index had ended 416.46 points - or 0.99 per cent - lower at 41,528.91 and the broader NSE Nifty benchmark settled at 12,224.55, down 127.80 points - or 1.03 per cent -...

from NDTV Profit - Latest https://ift.tt/2G8aV6f

India's 2019 Domestic Air Passenger Traffic Up Nearly 4%

However, on a sequential basis, the 2019 growth rate was far lower than the 18.60 per cent increase in passenger traffic during 2018.

from NDTV Profit - Latest https://ift.tt/36bWlVK

Nearly 1 In Every 4 Graduates Looking For A Job, Says Report

India's current unemployment rate stands at 7.5 per cent as per Centre for Monitoring Indian Economy (CMIE). However, the unemployment rate for graduates stands at 18.5 per cent - more than twice the...

from NDTV Profit - Latest https://ift.tt/2G9RqtX

IMF Lowers India Growth Forecast To 4.8% For Current Financial Year

IMF Chief Economist Gita Gopinath said growth in India slowed sharply owing to stress in the non-bank financial sector and weak rural income growth.

from NDTV Profit - Latest https://ift.tt/38m9Js3

IMF Cuts Global Growth Forecasts Over -Sharp Slowdown- In India: Report

The IMF said global growth would reach 3.3 per cent in 2020, compared to 2.9 per cent in 2019, which was the slowest pace since the financial crisis a decade ago.

from NDTV Profit - Latest https://ift.tt/2G6t0l5

New Board To Take Over Unitech As Top Court Approves Centre's Proposal

The new board chaired by Mr Malik will file a report on the resolution framework to sort out the housing mess of Unitech within two months.

from NDTV Profit - Latest https://ift.tt/2RBSJqO

Important Facts To Know About Past Union Budgets

Union Finance Minister Nirmala Sitharaman will present Budget for financial year 2020-21 on February 1, 2020. The official preparation of Budget started on Monday with customary Halwa ceremony....

from NDTV Profit - Latest https://ift.tt/2sGTeYt

Budget 2020 May Push Medium Term Fiscal Policy Target To 2022-23: Report

The fiscal deficit for FY20 and its roadmap for FY21 could be heading towards a recalibration with the February Budget slated to hint at the targeted 3 per cent fiscal deficit for the next financial...

from NDTV Profit - Latest https://ift.tt/2ucTQFJ

Sensex Slumps 416 Points As Corporate Earnings Fail To Enthuse Investors

Nine of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Media index's 1.9 per cent fall.

from NDTV Profit - Latest https://ift.tt/3apjnfj

Telecom Firms Move Top Court To Seek Relief In AGR Matter

According to the telecom department, Bharti Airtel owes around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communications Rs 16,456.47 crore.

from NDTV Profit - Latest https://ift.tt/366Dvj7

Thermal Coal Imports Fall For Third Month In A Row In October

Imports of thermal coal - used mainly for electricity generation - fell 10.7 per cent to 15.62 million tonnes in October.

from NDTV Profit - Latest https://ift.tt/2v73qu7

Kotak Mahindra Bank Profit Up 24% At Rs 1,596 Crore In December Quarter

Kotak Mahindra Bank's core income or the net interest income, the difference between interest earned and interest expended, came in at Rs 3,429.53 crore.

from NDTV Profit - Latest https://ift.tt/2sK1yqo

Sensex Falls 350 Points As Markets Retreat From Record Highs

Domestic stock markets erased intraday gains on Monday with benchmark indices moving away from all-time highs registered earlier during the session. In afternoon deals, the S&P BSE Sensex fell as much...

from NDTV Profit - Latest https://ift.tt/37aplij

HDFC Bank Slips On Rise In Bad Loans

Post market hours on Friday, HDFC Bank reported a stellar 32.8 per cent increase in its net profit for the quarter ended December 31, 2019. The private lender posted a consolidated net profit of Rs...

from NDTV Profit - Latest https://ift.tt/2Rz3sCv

Samsung Display Says It Is Considering Building Factory In India: Report

The new display plant will help Samsung Electronics secure local supplies of one of the most expensive parts of a smartphone.

from NDTV Profit - Latest https://ift.tt/368FqDF

TCS Weakens On Muted Q3 Numbers

Post market hours on Friday, the country's largest software services company reported net profit of Rs 8,118 crore in the quarter ended December 2019, marking an increase of 0.9 per cent from profit...

from NDTV Profit - Latest https://ift.tt/38l41GS

Budget 2020 Printing Process Begins With Customary Halwa Ceremony

The customary Halwa ceremony, which marks the process of printing documents for the Budget, will be hosted by the Finance Ministry on January 20, ahead of the presentation of the Union Budget on...

from NDTV Profit - Latest https://ift.tt/2G8nxdu

Reliance Industries Stock Dips Post Record Q3 Numbers

The net profit of Reliance Jio Infocomm, the telecom arm of Reliance Industries, rose 62 per cent to Rs 1,350 crore in December quarter, Reliance Industries said. Reliance Jio's revenue rose 28 per...

from NDTV Profit - Latest https://ift.tt/2TFKhd6

Opinion: Does Super-Rich Taxation Require A Revisit?

While tax rates in India are not the highest, countries such as Japan, Denmark, Germany and Sweden have even higher tax rates.

from NDTV Profit - Latest https://ift.tt/30Dh3gi

Opinion: Revision In Tax Slabs, Section 80C Limit On Common Man's Wish-List

The present tax regime has adversely impacted the individuals having income from a let-out property due to a rise in the housing cost and interest on home loan.

from NDTV Profit - Latest https://ift.tt/3aqq5BQ

Sensex, Nifty Rise To Record Highs In Early Trade

Analysts will closely monitor large cap earnings for market direction in the near term amid optimism about major reforms in the run up to Budget. Kotak Mahindra Bank, Zee Entertainment, Asian Paints,...

from NDTV Profit - Latest https://ift.tt/2tBPyrc

Petrol, Diesel Rates Cut For Fifth Day In A Row

Petrol, Diesel Rates Today: Currently, oil marketing companies such as state-run Indian Oil review the domestic rates of petrol and diesel on a daily basis and implement any changes at fuel stations...

from NDTV Profit - Latest https://ift.tt/2NGWhai

Sensex, Nifty Likely To Open Higher Today

Analysts will closely monitor large cap earnings for market direction in the near term amid optimism about major reforms in the run up to Budget. Kotak Mahindra Bank, Zee Entertainment, Asian Paints,...

from NDTV Profit - Latest https://ift.tt/30D3RYP

Government-Run Small Savings Schemes Offer These Returns In March Quarter

Small Savings Scheme Interest Rates: The government reviews the interest rates on small savings schemes such as PPF on a quarterly basis at present. Among other small savings schemes available today,...

from NDTV Profit - Latest https://ift.tt/3aoVR2c

Oil Ministry To Take Cabinet Nod On Gas Sector Reforms: Report

The government feels that lower price of fuel under CGD projects would allow bigger ashift of people to cleaner fuel.

from NDTV Profit - Latest https://ift.tt/3apIiiU

Opinion: Expect Alignment Of Income-tax Act With Task Force Recommendations

In order to curb litigations, one of the suggestions of the task force was to introduce the concept of mediation under the Income Tax Act.

from NDTV Profit - Latest https://ift.tt/2NHjZ6f

Minimum Regulatory Intervention To Ensure Smooth Operation: COAI

Recently, the telecom regulator released a consultation paper on floor rate for data service of the operators.

from NDTV Profit - Latest https://ift.tt/2G5Ck8Y

Corporate Earnings, Budget Expectations To Drive Markets: Analysts

Market participants expect measures to boost consumer sentiments via budgetary announcements on enhanced state funding for mega infrastructure projects and other sops to reverse the de-growth cycle.

from NDTV Profit - Latest https://ift.tt/2tAxcaf

Rs 2 Lakh Limit On Deduction Against Home Loan Interest Not Enough: CII

India's real estate sector has been struggling against a severe liquidity crunch over the past three years following a series of debt defaults by high profile NBFCs.

from NDTV Profit - Latest https://ift.tt/2uhs4Yk

Airtel Launches Rs 179 Prepaid Pack With Rs 2 Lakh Insurance Cover

Bharti Airtel Rs 179 Pack With Rs 2 Lakh Insurance Cover: The Rs 179 pack is designed to serve entry-level smartphone users and feature phone users in semi-urban and rural markets, Bharti Airtel said.

from NDTV Profit - Latest https://ift.tt/379YRgz

Petrol, Diesel Prices Cut For Fourth Straight Day

Petrol, Diesel Rate Today: Currently, oil marketing companies such as state-run Indian Oil review the domestic rates of petrol and diesel on a daily basis and implement any changes at fuel stations...

from NDTV Profit - Latest https://ift.tt/3653esc

Davos Diplomacy Likely Between India, Malaysia To Defuse Palm Row

India has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against its recent policies which critics say discriminate against Muslims. Malaysia, a Muslim-majority nation,...

from NDTV Profit - Latest https://ift.tt/2RxTEso

Amid NBFC Crisis, State Bank Reminds RBI Of Its Role As Lender Of Last Resort

The NBFC sector has been in turmoil since 2018 after the collapse of infrastructure lender IL&FS. Asked several times, the RBI has refused to play its role as the lender of last resort, terming the...

from NDTV Profit - Latest https://ift.tt/377AHmW

HDFC Bank Posts Profit Of Rs 7,416.5 crore In December Quarter

HDFC Bank, the country's biggest lender by market value, reported a 32.8 per cent rise in consolidated net profit at Rs 7,416.4 crore in the third quarter ended December, 2019.

from NDTV Profit - Latest https://ift.tt/371R9VQ

All You Need To Know About Halwa Ceremony Ahead Of Budget

After the ceremony, the employees who are a part of the budget-making process move to the basement of North Block for around 10 days. They will only emerge once the Finance Minister presents the...

from NDTV Profit - Latest https://ift.tt/376UAuw

Piramal Enterprises Divests DRG Business For $950 Million

"Piramal Enterprises Limited today announced that PEL DRG Dutch HoldCo BV, a 100 per cent subsidiary of PEL and the holding company for DRG... has signed a definitive agreement for the sale of DRG to...

from NDTV Profit - Latest https://ift.tt/2TCrvDg

Moody's Places Yes Bank's Ratings Under Review

The agency said that the "standalone viability of Yes Bank is getting increasingly challenged by its slowness in raising new capital".

from NDTV Profit - Latest https://ift.tt/2v1ocvj

Reliance Jio Net Profit Jumps 62% at Rs 1,350 Crore In December Quarter

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries, said, -Jio has continued on its unprecedented growth journey receiving overwhelming customer response...

from NDTV Profit - Latest https://ift.tt/2tiQaSN

Reliance Industries Posts Record Profit Of Rs 11,640 Crore In Q3

Reliance Industries' gross refining margins (GRM) - a measure of how much the company has earned by refining a barrel of crude oil - declined to $9.2 per barrel from $9.4 per barrel in the previous...

from NDTV Profit - Latest https://ift.tt/2Ttq0Hw

Rupee Drops 15 Paise To 71.08 Against US Dollar

During the week, the domestic unit lost 14 paise. Global crude benchmark Brent was trading 0.51 per cent higher at USD 65 per barrel. The dollar index, which gauges the greenback's strength against a...

from NDTV Profit - Latest https://ift.tt/2sxk8ll

Foreign Exchange Reserves Hit Record High Of $461.21 Billion

The country's foreign exchange reserves rose by $58 million to reach a life-time high of $461.21 billion in the week to January 10.

from NDTV Profit - Latest https://ift.tt/2RkdWW8

HSBC Cutting Around 100 Staff In Equities Business: Report

HSBC said it could not provide a comment as the bank is in a closed period ahead of reporting full-year results for 2019.The cuts come as the bank's interim chief executive Noel Quinn prepares to...

from NDTV Profit - Latest https://ift.tt/2tqNbaN

More than 300 Items May See Customs Duty Hike In Budget

The Commerce and Industry Ministry in its budget recommendations has proposed rationalisation of basic customs on over 300 items across sectors.

from NDTV Profit - Latest https://ift.tt/3aiDcVF

TCS December Quarter Profit At Rs 8,118 Crore

TCS' revenue in constant currency terms rose 6.8 per cent year-on-year, the company said in an earnings release.

from NDTV Profit - Latest https://ift.tt/2G0mzQu

How Indian Economy Fares Globally Ahead Of Union Budget 2020

India and China had the same GDP in 1950 and China's GDP per capita lagged countries such as Cambodia, Kenya and Sierra Leone as late as the 1960s. China witnessed a meteoric rise from the late 1970s...

from NDTV Profit - Latest https://ift.tt/2tqmV0d

Sensex, Nifty End Flat; RIL Gains, TCS Falls Ahead Of Earnings

Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Bank index's 0.8 per cent fall.

from NDTV Profit - Latest https://ift.tt/2FX7vDt

China's Great Wall Agrees To Buy General Motors' India Plant: Report

Great Wall, one of the biggest sellers of sports-utility vehicles (SUV) in China, is expected to pay about $250 million to $300 million to acquire the plant

from NDTV Profit - Latest https://ift.tt/2FWMkBt

European Union Warns Of WTO Challenge If China-US Deal Creates ''Distortions''

In our opinion, quantitative targets are not WTO-compatible if they lead to trade distortions," Mr Chapuis said. "If it were to be the case, we will go to the WTO to settle this matter." ...

from NDTV Profit - Latest https://ift.tt/2FVVldJ

Vodafone Idea's Shares Dive A Record Amount Over $4 Billion Payout

Local wireless operators including Vodafone Idea and Bharti Airtelsuffered a blow Thursday, when the nation's Supreme Court rejected their appeal against an October verdict, requiring them to pay as...

from NDTV Profit - Latest https://ift.tt/37cBZ0h

India Treats All Trade Partners Equally: Piyush Goyal

Replying to a question during a panel discussion at the event, he said that India has not put any curbs on imports from either Malaysia or Turkey - which have been critical of the Modi government's...

from NDTV Profit - Latest https://ift.tt/30qVn75

December Results Thus Far: No Relief In Sight For Auto Companies

Prasad Koparkar, Senior Director, CRISIL Research says, "Pain in automobiles continues owing to demand slowdown. Aggregate revenue of listed automobile players is estimated to have dropped 9-10% in...

from NDTV Profit - Latest https://ift.tt/2FYHeEA

Bharti Airtel Gains, Vodafone Idea Down Nosedives After Supreme Court Rejects AGR Plea

It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance...

from NDTV Profit - Latest https://ift.tt/2NyxcOM

Markets Have A Subdued Opening; RIL, TCS To Announce Q3 Numbers Today

Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese...

from NDTV Profit - Latest https://ift.tt/2uZD2m1

Jet Airways To Sell Netherlands Business To Dutch Airline

Jet Airways did not detail the assets held in Netherlands. Once India's biggest private carrier, Jet stopped flying in April last year after running out of cash, leaving thousands without jobs and...

from NDTV Profit - Latest https://ift.tt/38kWgAV

Opinion: More Than 300 Items May See Customs Duty Hike In Budget

On footwear and related products, the Ministry has suggested an increase in duty to 35 per cent from the current 25 per cent while for new pneumatic tyres of rubber, it has proposed to hike customs...

from NDTV Profit - Latest https://ift.tt/2Rqtmbr

ED Summons AirAsia CEO Tony Fernandes,Executives In Money Laundering Case

The officials said while Mr Fernandes has been summoned on January 20, a few others from the airline's current and past management have also been asked to depose before it for questioning in the...

from NDTV Profit - Latest https://ift.tt/3akUzVA

Markets Likely To Have A Muted Opening

Asian shares inched higher on Friday; MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.19% and Japan's Nikkei added 0.55%. But investors will be closely watching key Chinese...

from NDTV Profit - Latest https://ift.tt/2TzSPC3

SEBI Absolves Former NSE Boss And 8 Others In Co-Location Case

Last year, the regulator asked the NSE to cough up Rs 1,000 crore, including 12 per cent interest, for its alleged culpability in the case.

from NDTV Profit - Latest https://ift.tt/35S8xLq

Airtel Considers Filing Curative Petition In Adjusted Gross Revenue Case

Curative petition is the last constitutional remedy available to a person whose review petition has been dismissed by the Supreme Court.

from NDTV Profit - Latest https://ift.tt/2Nys1OG

Rupee Drops By 11 Paise To Close At 70.93 On Dollar Demand

At the interbank foreign exchange market, the domestic currency opened on a strong note at 70.80 a dollar after the US and China signed an initital trade deal.

from NDTV Profit - Latest https://ift.tt/2FVDS5f

GMR Infrastructure To Sell 49% Stake In Airports Business

According to a regulatory filing, Tata Group's TRIL Urban Transport Private Ltd will acquire stake in GMR Airports.

from NDTV Profit - Latest https://ift.tt/30vjn8X

Budget 2020: CII Calls For Import Duty Cut In Medical Device Parts

CII also said a high custom duty of 10 per cent is applicable on the import of intra ocular lenses, and an overall duty of 25.52 per cent (including GST) leading to higher healthcare service cost.

from NDTV Profit - Latest https://ift.tt/2QZ0rMM

India, U.S. Closer To Resolving Some Trade Issues: Piyush Goyal

"With the U.S. we are at an advanced stage of dialogue to sort out some of the pressing issues," Mr Goyal said at a security conference in New Delhi.

from NDTV Profit - Latest https://ift.tt/36ZNqrN

Top Court Rejects Telecom Firms Plea For Review On Rs 92,000 Crore Dues

In a major setback for mobile service providers, the Supreme Court on Thursday rejected telecom companies' plea seeking a review of its earlier order that allowed the government to collect dues worth...

from NDTV Profit - Latest https://ift.tt/38dclbK

"Not Doing Favour To India": Piyush Goyal On Amazon $1 Billion Commitment

US-based e-commerce giant Amazon has committed $5.5 billion in India investments and sees the country as a key growth market.

from NDTV Profit - Latest https://ift.tt/2u0Hu3p

Sensex, Nifty End Flat After Hitting Record Highs

Fourteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Consumer Durables index's 0.65 per cent gain.

from NDTV Profit - Latest https://ift.tt/2RngT8v

Review Exemption Of Import Duty For Indian Defence Forces, Says CII

Industry body Confederation of Indian Industries (CII) has demanded that the government should review exemption of import duty granted to defence forces and Ministry of Defence for direct imports of...

from NDTV Profit - Latest https://ift.tt/2RipDNc

Ex-Finance Ministry Official Questions Fiscal Deficit Numbers

Subhash Chandra Garg, a former finance ministry official who worked on the current fiscal year's budget targets, sees the real shortfall -- which includes on- and off-budget borrowings -- widening to...

from NDTV Profit - Latest https://ift.tt/2Rn9NAN

Industry Body Calls For GST Cut On Active Pharmaceutical Ingredients

Pharma formulations attract GST of 12 per cent whereas inputs active pharmaceutical ingredients (API) have GST of 18 per cent which has led to accumulation of Input tax Credit.

from NDTV Profit - Latest https://ift.tt/2FWoGEV

How China Tariffs On US Commodities Stand After Phase 1 Trade Deal

A senior Trump administration official confirmed on Wednesday that China will need to issue waivers or adjustments to tariffs to meet its buying commitments.

from NDTV Profit - Latest https://ift.tt/35TUi8Z

Markets Erase Gains After Touching Record High As Metal Stocks Lose Sheen

The S&P BSE Sensex index had crossed the 42,000 mark for the first time, buoyed by the fact that US and China signed the first phase of a trade deal. The BSE benchmark index rose as much as 186.72...

from NDTV Profit - Latest https://ift.tt/2RjJUlG

Rupee Edges Higher To 70.75 Against US Dollar

The US on Wednesday signed the first phase of a trade deal with China, which President Donald Trump described as historic, concluding more than a year of tough negotiations between the two largest...

from NDTV Profit - Latest https://ift.tt/2TtZWMu

Sensex, Nifty Edge Higher To All-Time Highs In Early Trade

At 8:30 am, the SGX Nifty futures were down 5.00 points - or 0.04 per cent - at 12,354.50.

from NDTV Profit - Latest https://ift.tt/2tnPT0z

Bank Staff Unions Call Strike After Wage Revision Talks Fail

Bank Strike Dates: The All India Bank Employees Association said that UFBU has called for a two-day strike starting January 31 and a three-day strike starting March 11.

from NDTV Profit - Latest https://ift.tt/30rJgq5

Wall Street Clocks Record Closing High After US-China Sign Trade Truce

The centrepiece of the truce is a pledge by China to purchase at least an additional $200 billion worth of US farm products and other goods and services over two years, over a baseline of $186 billion...

from NDTV Profit - Latest https://ift.tt/2RpuhJe

Sensex, Nifty Likely To Open Flat Today

At 8:30 am, the SGX Nifty futures were down 5.00 points - or 0.04 per cent - at 12,354.50.

from NDTV Profit - Latest https://ift.tt/30qCL79

Michael Patra To Head Monetary Policy Wing At RBI

As Executive Director, Mr Patra was already a member of the RBI's Monetary Policy Committee (MPC). He will now handle the monetary policy department.

from NDTV Profit - Latest https://ift.tt/35YC5qC

Banks Asked To Provide Facility To Switch On, Off Cards To Prevent Frauds

The RBI on Wednesday asked banks and other card-issuing companies to provide facility to customers to switch on and off their debit or credit cards.

from NDTV Profit - Latest https://ift.tt/2QViHXr

Budget Estimates From Disinvestment Likely To Be Rs 1 Lakh Crore: Report

The Union Budget is likely to keep the disinvestment estimates at almost the same level as in the current fiscal, people in the know of the matter said.

from NDTV Profit - Latest https://ift.tt/3aaBplm

OPEC Expects Lower Demand For Its Oil As US Hits New Milestone

US liquids output will reach 20.21 million bpd in the fourth quarter of 2020 - almost meeting US demand of 21.34 million bpd, OPEC said.

from NDTV Profit - Latest https://ift.tt/2TraU5q

Rupee Rises 5 Paise Against Dollar On Easing Crude Prices

The rupee's gains were, however, remained restricted as investors turned a bit cautious ahead of the signing of phase 1 trade agreement between the US and China.

from NDTV Profit - Latest https://ift.tt/36WncGN

Exports Decline For Fifth Month In A Row, Drop Nearly 2% In December

Imports too declined by 8.83 per cent $38.61 billion, bringing down the trade deficit to $11.25 billion during the month under review.

from NDTV Profit - Latest https://ift.tt/36VVk5n

Bank Unions Call Nationwide Strike On January 31, February 1

Bank Strike Dates: The United Forum of Bank Unions (UFBU), which represents nine trade unions, said it will also hold a three-day strike from March 11-13.

from NDTV Profit - Latest https://ift.tt/30rNcHt

Bharti Airtel Raises Funds To Meet Adjusted Gross Revenue Dues

As many as 32.35 crore equity shares are being allotted to eligible buyers, as part of the QIP, the company said in a regulatory filing.

from NDTV Profit - Latest https://ift.tt/30pcoP6

Government Plans New Law To Protect Foreign Investment: Report

India is entangled in more than 20 such overseas arbitration cases - the most against any country - brought by companies including Vodafone, Deutsche Telekom and Nissan Motor Co for disputes over...

from NDTV Profit - Latest https://ift.tt/35UBpCD

Sensex, Nifty Snap Two-Day Record-Breaking Streak Weighed Down By Banks

Five of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Private Bank index's 0.85 per cent fall.

from NDTV Profit - Latest https://ift.tt/2Nq7vA0

Amazon To Invest $1 Billion In India, Says CEO Jeff Bezos

Amazon chief executive officer Jeff Bezos said on Wednesday that his company is going to invest $1 billion in India, for digitising small and medium businesses in the country.

from NDTV Profit - Latest https://ift.tt/30lmKiR

From 2014 To 2020, Stark Difference As Jeff Bezos Begins India Visit

India's e-commerce market is projected to grow to $150 billion by 2022, according to a 2018 report by software industry group Nasscom and consulting firm PwC India. Competition for this rapidly...

from NDTV Profit - Latest https://ift.tt/2QUJBPi

From GDP Expansion To Demand: Key Challenges Facing India Ahead Of Budget

As Finance Minister Nirmala Sitharaman gears up to present her second Union Budget, all eyes are on any new announcements to revive the economy. After holding its position as the world's...

from NDTV Profit - Latest https://ift.tt/2FPC4uz

Sensex Falls Over 150 Points, Nifty Near 12,300; Wipro Shares Drop 3%

Domestic stock markets receded from record highs in early trade on Wednesday amid weakness in Asian peers, where investors awaited the signing of an initial US-China trade deal. The S&P BSE Sensex...

from NDTV Profit - Latest https://ift.tt/3acMW3y

Here's How Much You Pay For Petrol, Diesel In Your City Today

Petrol, Diesel Prices In Metros: In Delhi, the price of petrol stood at Rs 75.70 per litre and diesel at Rs 69.06 per litre on January 15 - the same levels as the previous day, according to Indian Oil...

from NDTV Profit - Latest https://ift.tt/2QRCXsX

Sensex, Nifty Likely To Open Lower Today; Wipro Shares In Focus

The S&P BSE Sensex and NSE Nifty benchmark indices registered new record closing highs on Tuesday. The Sensex ended 92.94 points - or 0.22 per cent - higher at 41,952.63 and the Nifty settled at...

from NDTV Profit - Latest https://ift.tt/36Yka4E

Housing Sales Decline 30% In October-December: Report

A total of 64,034 homes were sold across nine key markets during the third quarter of the financial year 2019-20.

from NDTV Profit - Latest https://ift.tt/3abc6zK

Bengaluru Bank Vows To Return Every Penny, Depositors Panic

Hundreds of Sri Guru Raghavendra Sahakara Bank depositors on Tuesday showed up to withdraw the Rs 35,000 allowed by the RBI.

from NDTV Profit - Latest https://ift.tt/383ZU1O

Budget May Offer Flat Tax Rate Sans Exemptions To Individuals: Report

At present while individual income upto Rs 2.5 lakh per annum is exempt from tax, a 5 per cent tax is levied for income between Rs 2.5 lakh and Rs 5 lakh.

from NDTV Profit - Latest https://ift.tt/2Tj5gCh

India-China Trade Dips By Nearly $3 Billion In 2019

China's exports to India increased by 2.1 per cent last year totalling to 515.63 billion yuan while India's imports to China decreased by 0.2 per cent.

from NDTV Profit - Latest https://ift.tt/30j5Z7S

Gold Hallmarking Process To Begin Tomorrow. Here's All You Need To Know

Mandatory hallmarking process of gold jewellery and artefacts will begin from tomorrow, Ministry of Consumer Affairs said in a press release.

from NDTV Profit - Latest https://ift.tt/2tXNo58

Elon Musk Nears Record $346 Million Pay As Tesla Market Value Soars

A full payoff for Mr Musk, who is also the majority owner and CEO of the SpaceX rocket maker, would surpass anything previously granted to US executives

from NDTV Profit - Latest https://ift.tt/35TpNQu

Electricity Demand Grows At Smallest Pace In Six Years

Power demand rose 1.1 per cent in 2019, the smallest rise since 2013, data compiled by the Central Electricity Authority showed.

from NDTV Profit - Latest https://ift.tt/374p9Ri

Expression Of Interest Sought To Sell IL&FS Waste Management Business

The IL&FS notification said that interested and eligible parties can submit their EoI by 5 p.m. on January 25.

from NDTV Profit - Latest https://ift.tt/36SDeS1

Wipro Profit At Rs 2,455.9 Crore In December Quarter

Its total revenue came in at Rs 15,470.5 crore in the third quarter of the current financial year, as against Rs 15,125.6 crore in the July-September period.

from NDTV Profit - Latest https://ift.tt/2Rd3foo

Sensex, Nifty Scale New Highs For Second Straight Session

For most part of the day, benchmarks traded on a flat note but staged an up move in the last hour of trade led by buying interest in FMCG, metal and information technology shares.

from NDTV Profit - Latest https://ift.tt/2ssBiAM

Sensex, Nifty Hit New Record Highs Amid Volatile Trade: 10 Things To Know

Domestic stock markets recovered early weakness to new all-time highs in late afternoon deals on Tuesday, tracking gains in global peers where equities registered record levels on optimism on the...

from NDTV Profit - Latest https://ift.tt/385q6Jg

RBI Imposes Rs 35,000 Withdrawal Limit On Account Holders Of This Bank

The Reserve Bank of India has imposed withdrawal limit of Rs 35,000 for savings, current or any other deposit account holder of the Bengaluru-based Sri Guru Raghavendra Sahakara Bank.

from NDTV Profit - Latest https://ift.tt/36Rq1cd

FMCG Veteran Rajeev Bakshi Joins Ola's Food Business

Mr Bakshi was recently managing director of METRO Cash & Carry India and previously worked with PepsiCo and Cadbury.

from NDTV Profit - Latest https://ift.tt/2NpAVOr

Career Central Banker Michael Patra Appointed RBI Deputy Governor

A career central banker, 59-year-old Mr Patra is currently executive director in charge of the RBI's research department and has a seat on the six-member Monetary Policy Committee.

from NDTV Profit - Latest https://ift.tt/2FKGd2U

A Summary Of Key Railway Announcements Since Merger With Union Budget

This marked the end of an era in rail budget-making; a long cherished 92-year-old history of separate rail and general budgets came to an end.

from NDTV Profit - Latest https://ift.tt/35MgFwN

Wholesale Inflation At 2.59% In December

Food wholesale inflation was at 11.05 per cent in December as against 9.02 per cent in the previous month, the data showed.

from NDTV Profit - Latest https://ift.tt/2QRGW91

Petrol Rate Cut For Third Day In A Row, Diesel Price Unchanged

Currently, oil marketing companies such as state-run Indian Oil review the domestic rates of petrol and diesel on a daily basis and implement any changes at fuel stations with effect from 6 am.

from NDTV Profit - Latest https://ift.tt/2QQ8RpB

Stagflation Threat Looms For Former World-Beating Economy India

Economists are forecasting a rebound in growth to 6.2 per cent in the fiscal year through March 2021, although much will depend on how quickly global demand and domestic spending recovers.

from NDTV Profit - Latest https://ift.tt/2FOZJvi

Sensex, Nifty Fall In Early Trade

On Monday, the S&P BSE Sensex and the NSE Nifty benchmark indices registered new record closing highs. The Sensex ended 259.97 points - or 0.62 per cent - higher at 41,859.69 whereas the Nifty settled...

from NDTV Profit - Latest https://ift.tt/2NnE3uk

Visa To Buy Fintech Startup Plaid In $5.3-Billion Deal

Visa and rival Mastercard Inc had invested in Plaid in a $250 million series C funding round in 2018 that reportedly valued the firm at $2.65 billion.

from NDTV Profit - Latest https://ift.tt/36PvkIY

Sensex, Nifty Likely To Open Higher Today

On Monday, the S&P BSE Sensex and the NSE Nifty benchmark indices registered new record closing highs. The Sensex ended 259.97 points - or 0.62 per cent - higher at 41,859.69 whereas the Nifty settled...

from NDTV Profit - Latest https://ift.tt/386ek1c

Amendments To Tariffs For Cable Services More Consumer-Friendly: TRAI

Amendments to the new regulatory framework for cable and broadcasting services were aimed at providing freedom to broadcasters.

from NDTV Profit - Latest https://ift.tt/2QO2xPk

Government To Make Single Regulator For Pension Products: Report

The proposals were submitted by the Pension Fund Regulatory Authority of India to the finance ministry in December.

from NDTV Profit - Latest https://ift.tt/2tYr2QR

Competition Watchdog Orders Probe Against Amazon, Walmart's Flipkart

The investigation order comes in a week when Amazon chief Jeff Bezos is expected to visit India for a company event.

from NDTV Profit - Latest https://ift.tt/2QPe41a

Broadcasters Will Ask Court To Halt New Tariff Rules: Report

The move came as the Telecom Regulatory Authority of India (TRAI) defended its decision to curb excessive pricing.

from NDTV Profit - Latest https://ift.tt/2sj9hve

Low Base Effect Will Impact Inflation Going Ahead, Say Experts

Retail inflation accelerated to 7.35 per cent in December due to high food prices, government data showed on Monday.

from NDTV Profit - Latest https://ift.tt/2tR09P4

SBI's New Home Financing Scheme A Lifeline For Builders, Buyers

State Bank of India on Wednesday said it will finance both builders and homebuyers, charging developers a premium and offering the latter a refund if their apartments are left unfinished.

from NDTV Profit - Latest https://ift.tt/2QOtItt

Retail Inflation At 7.35% In December, Breaches RBI Goal For Third Month

That marked the third month a row in which consumer inflation - or the rate of increase in consumer prices - came in above the Reserve Bank of India's medium-term target of 4 per cent, dashing hopes...

from NDTV Profit - Latest https://ift.tt/2FLpfBr

Budget 2020: Industry Body Calls For Reduction In Customs Duty On Cement

Industry body CII has suggested that the customs duty should be reduced to 5 per cent from the existing 10 per cent.

from NDTV Profit - Latest https://ift.tt/30dG55w

Industry Body Calls For Higher Duty On Import Of Fruit, Vegetable Pulps

Duty on import of fruit and vegetable pulp and concentrates be enhanced to at least 3 times the duty rate applicable for the respective fruits, CII said

from NDTV Profit - Latest https://ift.tt/2RgNaOq

Oyo Shuts Door On Employees In India, China

According to reports, SoftBank has given Oyo a deadline of March 31, 2020 to phase out contracts or businesses, which are not EBITDA-profitable. ...

from NDTV Profit - Latest https://ift.tt/2tQGrD4

Telecoms Regulator Defends New Tariff Rules After Broadcasters' Criticism

Telecom regulator said on Monday its new tariff rules for cable and digital television players were fair and aimed at curbing excessive pricing by some broadcasters.

from NDTV Profit - Latest https://ift.tt/2TglUlX

Deadline Extended For Indigo To Replace Pratt And Whitney Engines

The Directorate General of Civil Aviation (DGCA) on Monday announced the extension of the deadline for IndiGo to replace about 135 unmodified Pratt and Whitney engines till May 31, 2020.

from NDTV Profit - Latest https://ift.tt/35MQ0A9

Infosys Profit Beat Powers Sensex, Nifty To Close At Record Highs

The S&P BSE Sensex and NSE Nifty 50 indexes closed at record highs on Monday powered by surge in Infosys which rose after beating profit estimates in December quarter.

from NDTV Profit - Latest https://ift.tt/2FMsit2

Industry Body For Lower Custom Duty For Electric Vehicle Battery Imports

Industry Body Confederation of Indian Industries (CII) has called for imposition of lower custom duty for battery importers of electric vehicles.

from NDTV Profit - Latest https://ift.tt/36SHjFK

Cotton Exports Gain Pace As Overseas Price Rise, Rupee Weakens

Rising exports from India could put pressure on global prices for cotton, which are trading near their highest in eight months.

from NDTV Profit - Latest https://ift.tt/35IAPrC

Opinion: India Must End Yes Bank's Theater Of The Absurd

More loan losses lie around the corner. With 40 per cent of deposits coming from fickle wholesale sources, solvency and liquidity risks are high.

from NDTV Profit - Latest https://ift.tt/2Ra9CsK

Walmart Fires 56 Executives Including Eight From Senior Management

Krish Iyer, president and CEO of Walmart's India unit, said that a press report of a second round of layoffs in April was baseless, according to Reuters.

from NDTV Profit - Latest https://ift.tt/30g6dMZ

Infosys Zooms After Posting Stellar Q3 Numbers, Clean Chit To Top Brass

The Bengaluru-based IT services company also raised its revenue guidance in constant currency terms for the ongoing financial year to range of 10-10.5 per cent from 9-10 per cent guided earlier. The...

from NDTV Profit - Latest https://ift.tt/2R7Apps

RBI Buys Net $6.93 Billion In Currency Market In November

In the forwards market, the RBI said it had a net outstanding sell position of $6.1 billion as of end-November, down from $7.47 billion at the end of the previous month.

from NDTV Profit - Latest https://ift.tt/35Tonpe

Petrol, Diesel Prices Cut For Second Straight Day

Currently, oil marketing companies such as state-run Indian Oil review the domestic rates of petrol and diesel on a daily basis and implement any changes at fuel stations with effect from 6 am.

from NDTV Profit - Latest https://ift.tt/35LVvir

Walmart To Wind Up Physical Presence In India, Fires Many: Report

The brick-and-mortar exit comes after a decade of struggle in India, whose government has repeatedly stymied global consumer brands in order to protect local store-owners.

from NDTV Profit - Latest https://ift.tt/36QFNUK

Sensex Jumps Over 250 Points As Markets Scale New All-Time Highs

Domestic stock markets clocked all-time highs on Monday amid strong gains in Asian peers where equities held hear 19-month highs. The S&P BSE Sensex index rose 269.11 points to climb to as high as...

from NDTV Profit - Latest https://ift.tt/2tWA01m

Sensex, Nifty Likely To Open Higher Today

The S&P BSE Sensex index had ended 147.37 points - or 0.36 per cent - higher at 41,599.72 on Friday, and the broader NSE Nifty benchmark settled at 12,256.80, up 40.90 points - or 0.33 per cent - from...

from NDTV Profit - Latest https://ift.tt/36RCMTS

Petrol, Diesel Prices Cut After Three Hikes In A Row

Domestic petrol and diesel prices are reviewed by oil marketing companies on a daily basis. Price revisions are implemented at the fuel stations with effect from 6 am.

from NDTV Profit - Latest https://ift.tt/2RcxUC6

Key Income Tax Changes Announced In Union Budgets

Budget 2020: From changes in income tax rates to the reintroduction of standard deduction and a higher income threshold for rebate, the government has made a few changes in the income tax rules over...

from NDTV Profit - Latest https://ift.tt/30eTZUX

Government Wants To End The Era Of Slow Moving Trains: Piyush Goyal

He dismissed speculations of privatisation of the railway network, but highlighted the need for a public-private partnership (PPP) funding model for the sector.

from NDTV Profit - Latest https://ift.tt/37ZVFo2

India Aiming At $250-Billion Maritime Economy By 2024: Defence Secretary

The maritime economy constitutes nearly five per cent of the world economy, Defence Secretary Ajay Kumar said.

from NDTV Profit - Latest https://ift.tt/2QLTPS0

Industry Body Calls For Reduction In GST On Automobiles To 18%

The crisis in the auto sector presents a major problem for the government as it accounts for nearly half of the country's manufacturing output and employs more than 3.5 crore people directly and...

from NDTV Profit - Latest https://ift.tt/2FJZWzP

Budget Components Explained: What To Find Where In Budget

For example, the Demand for Grant documents detail the estimated expenditure by each ministry or department in the coming financial year.

from NDTV Profit - Latest https://ift.tt/2t9DLjN

Opinion: Personal Tax Rate Cuts A Reality?

Policymakers have a fair bit of elbow room to please the individual taxpayer by tweaking the slabs.

from NDTV Profit - Latest https://ift.tt/2FJipfI

Saudi Aramco Raises IPO To Record $29.4 Billion Through Greenshoe Option

A greenshoe option, or over-allotment, allows companies to issue more shares in an IPO when there is greater demand from participants during the initial offering.

from NDTV Profit - Latest https://ift.tt/36PLEJO

Amazon Boss Jeff Bezos To Face Protests From Traders During India Trip

He has also sought meetings with the prime minister and other government officials, with conversations expected to centre around e-commerce, one of the sources familiar with the matter said.

from NDTV Profit - Latest https://ift.tt/2QIm4ka

Will Not Support Fiscal Tightening, Says Abhijit Banerjee Ahead Of Budget

Reacting to questions about the Centre's plans to cut approximately Rs 3,000 crore from the education budget, Mr Banerjee said that it would not have much of an impact as education is a state...

from NDTV Profit - Latest https://ift.tt/2FGakbM

ED Attaches Rs.78.15 Crore Assets Of Chanda Kochhar, Family

The ED said its probe had revealed that loans were refinanced and new loans aggregating to Rs 1,730 crore sanctioned to Videocon Industries Ltd (VIL) and its group companies and these loans became...

from NDTV Profit - Latest https://ift.tt/2TgU4WD

India's Forex Reserves Rise To Over $461 Billion

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF). ...

from NDTV Profit - Latest https://ift.tt/2R3FEqh

RBI Unveils 5-Year National Strategy For Financial Inclusion

Currently, the Pradhan Mantri Jan Dhan Yojana (PMJDY) is the government's financial inclusion programme, applicable to the 10 to 65 years age group, and aiming to expand and make affordable access to...

from NDTV Profit - Latest https://ift.tt/36J8x1z

Housing Sales Rise 1% In 2019, Launches Up 23%: Knight Frank

Mumbai had the highest quantum of unsold inventory at 1,45,301 units, followed by the National Capital Region (NCR) at 1,22,084 units.

from NDTV Profit - Latest https://ift.tt/2N3auOi

Top 10 Indian Firms Set For 23% Profit Jump In October-December Quarter

Median profit at companies on the Nifty 50 - the country's main stock index - is expected to have risen 10.7 per cent in the December quarter.

from NDTV Profit - Latest https://ift.tt/2TbHPLa

Tata Jaguar Land Rover's Sales Decline 6% In 2019

JLR's retail sales stood at 557,706, down 5.9 per cent compared to 2018 owing to "challenging industry conditions across markets".

from NDTV Profit - Latest https://ift.tt/2QXcLM8

Factory Output Rises 1.8% in November Versus 3.8% Contraction In October

The cumulative growth for April-November over the corresponding period the previous year was 0.6 per cent.

from NDTV Profit - Latest https://ift.tt/2tPhAzy

Rs 87,000 Crore Needed To Meet Disinvestment Target: Report

The other disinvestments in FY20 so far have been -- Bharat 22 ETF FFO 2 (Further Funds Offer) at Rs 4,368.80 crore and IRCTC listing fetching Rs 637.97 crore. The CPSE ETF FFO-5 has mopped up Rs...

from NDTV Profit - Latest https://ift.tt/2Nd8ROl

Government To Seek RBI Dividend Lifeline Amid Revenue Shortfall: Report

The fresh call comes just months after the Reserve Bank of India (RBI) approved Rs 1.76 lakh crore dividend payment to the federal government.

from NDTV Profit - Latest https://ift.tt/37Vu5bc

Yes Bank Board Member Quits Citing Corporate Governance Concerns

Mr Agarwal, in a resignation letter seen by Reuters, said there are "serious concerns" around deteriorating corporate governance standards, along with compliance failures at the bank. Mr Agarwal was...

from NDTV Profit - Latest https://ift.tt/2R87phc

Infosys Reports Profit Of Rs 4,457 Crore; Raises Revenue Guidance

Infosys' revenue jumped 2 per cent to Rs 23,092 crore compared with Rs 22,629 crore in the previous quarter.

from NDTV Profit - Latest https://ift.tt/36E8C6I

Infosys Audit Committee Finds No Evidence of Financial Impropriety

"The Audit Committee conducted a thorough investigation with the assistance of independent legal counsel Shardul Amarchand Mangaldas & Co. and PricewaterhouseCoopers Private Ltd. The findings of the...

from NDTV Profit - Latest https://ift.tt/2FE6kZq

Nifty Fails To Sustain Record High, Closes At 12,257;Sensex Up 147 Points

The gains have however been muted compared to the tear-away rally witnessed in the previous session. The Sensex had galloped by as much as 634.61 points or 1.55 per cent and the Nifty had raced ahead...

from NDTV Profit - Latest https://ift.tt/2TbfJiQ

Sensex Hovers At 41,500, Nifty Off Record Highs; Banking Stocks Drag

At 2.30 pm, the BSE Sensex had shaved off 270 points from its intra-day highs of 41,775 to trade at 41,505, higher by 45 points or 0.1 per cent, and the Nifty was quoting at 12,226, up 10 points,...

from NDTV Profit - Latest https://ift.tt/2R0Hx77

Domestic Car Sales Decline 8.4% In December; Production Down 12.5%: SIAM

Sales of commercial vehicles which include medium and heavy commercial vehicles dropped 31.7 per cent year-on-year to 21,388 units.

from NDTV Profit - Latest https://ift.tt/2usSqH1

Zomato To Raise $150 Million From Ant Financial

Zomato's top shareholder Info Edge (India) Ltd said in a filing on Friday that after the funding its stake will drop to about 25.13 per cent. It had a 26.38 per cent stake, as of March last year. ...

from NDTV Profit - Latest https://ift.tt/2FDSNRz

Battered Rupee To Extend Losing Streak This Year: Poll

The rupee is expected to weaken over 1 per cent to 72.00 per dollar in a year, lining up with expectations in the wider poll for the dollar's dominance to continue.

from NDTV Profit - Latest https://ift.tt/2Nbddph

Nifty Scales All-Time High At 12,301, Sensex Climbs 300 Points

U.S. President Donald Trump had refrained from ordering military action and Iran's foreign minister said the missile strikes on Iraqi bases housing the U.S. forces had "concluded". Optimism...

from NDTV Profit - Latest https://ift.tt/36GphXc

Setback For Cyrus Mistry As Top Court Puts On Hold NCLAT Order

The development comes a week after the Tatas approached the top court challenging the restoration of Cyrus Mistry as chairman of the group by NCLAT.

from NDTV Profit - Latest https://ift.tt/37Rt4kz

SC to hear on Friday Tata Sons' plea challenging NCLAT decision

TSPL has challenged the December 18 decision of the National Company Law Appellate Tribunal (NCLAT) that gave a big relief to Cyrus Investment Pvt Ltd and Mr Mistry, restoring him as the executive...

from NDTV Profit - Latest https://ift.tt/2FDq9jj

Government Allows Joint Property Owners To File Returns With Simple Forms

The clarification has come days after the government modified the eligibility for filing the returns in ITR-1 and ITR-2, stating that those owning a property jointly, spending Rs 2 lakh on foreign...

from NDTV Profit - Latest https://ift.tt/2Ns66sL

HDFC Completes Acquisition Of Apollo Munich Health Insurance

"The acquisition was approved by the Competition Commission of India (CCI), the Reserve Bank of India and the Insurance Regulatory and Development Authority of India (IRDAI)," HDFC said in a...

from NDTV Profit - Latest https://ift.tt/2Nee3l7

Axis Bank Loses 15,000 Staff In 9 Months, Hires 28,000 More

"The bank is expanding fast and last year has been a year of large number of new hirings; substantially higher numbers compared to last year both in gross as well as on net basis," Rajesh Dahiya,...

from NDTV Profit - Latest https://ift.tt/382Q40j

Rupee Likely To Beat Most Asian Rivals This Year, Says Top Forecaster

The rupee was Asia's second-worst performer in 2019 despite about $18 billion inflow into Indian bonds and equities.

from NDTV Profit - Latest https://ift.tt/35GlTKB

Sensex Up 150 points, Nifty Above 12,250 As Markets Gain For Second Day

The Asian benchmark indices, including Hang Seng, Nikkei and Straits Times, are trading marginally in the green this morning post the strong rally witnessed on Thursday ahead of the latest reading on...

from NDTV Profit - Latest https://ift.tt/2NbUcmu

Markets May Have A Flat Opening Following Mixed Cues From Asia

U.S. President Donald Trump had refrained from ordering military action and Iran's foreign minister said the missile strikes on Iraqi bases housing the U.S. forces had "concluded". Optimism...

from NDTV Profit - Latest https://ift.tt/2T7X33G

Tribunal Seeks Clarity On Proceedings Against Auditors In IL&FS Case

Counsels of the both the audit firms said that the firms cannot be prosecuted as they are no more the statutory auditors of IFIN and are not in the management.

from NDTV Profit - Latest https://ift.tt/2Fxz4CZ

Domestic Passenger Traffic Up 11% In November: Travel Body

The country's domestic available passenger capacity -- measured in available seat kilometres (ASKs) -- rose 5 per cent on a YoY basis.

from NDTV Profit - Latest https://ift.tt/35BlrNL

PM Modi Holds Pre-Budget Meet With Industry, Bankers, Economists; Report

Ahead of Budget 2020-21, Prime Minister Narendra Modi on Thursday met here with around 40 economists, industry heads, experts, bankers and entrepreneurs.

from NDTV Profit - Latest https://ift.tt/2t0V7zh

Vistara Announces 5th Anniversary Sale With Fares Starting At Rs 995

Vistara, the country's newest full-service carrier, on Thursday announced its fifth anniversary sale with all-inclusive one-way fares starting at Rs 995.

from NDTV Profit - Latest https://ift.tt/2tHZ9N7

Government Reviewing Anti-Trust Complaint Against Maruti Suzuki: Report

The Competition Commission of India (CCI) in June last year received an anonymous complaint alleging insurance plans recommended by Maruti while selling cars resulted in customers paying more compared...

from NDTV Profit - Latest https://ift.tt/2T7S7eY

Asset Sales To Fall Short Of Government's Target By Nearly Half: Report

Government has achieved only about 17 per cent of the disinvestment target so far this year, while tax collections are 46 per cent of the budgeted aim in the eight months to November.

from NDTV Profit - Latest https://ift.tt/2N4nsvt

Sensex Ends Over 600 Points Higher, Nifty Reclaims 12,200

Buying across sectors barring information technology shares - led by banking, auto, metal and energy shares - pushed the markets higher.

from NDTV Profit - Latest https://ift.tt/2RcMsSD

Key Challenges For Finance Minister Ahead Of Union Budget

Finance Minister Nirmala Sitharaman will present the first full year Budget on February 1, 2020 after Prime Minister Narendra Modi's National Democratic Alliance government returned to power in May...

from NDTV Profit - Latest https://ift.tt/2upeUbV

Shadow Banking Credit Disbursal To Remain Weak In India: World Bank

Total NBFC sanctions fell to Rs 1.9 lakh crore at the end of September from Rs 2.9 lakh crore during the same period last year.

from NDTV Profit - Latest https://ift.tt/2N9Uryk

Union Budget To Be Presented On February 1

Finance Minister Nirmala Sitharaman will present the Union Budget for financial year 2020-21 on February 1. This will be the first full-year Budget after the re-election of Prime Minister Narendra...

from NDTV Profit - Latest https://ift.tt/36DNNIp

Crude Oil Price Trims Recent Losses As Middle East Tensions Ease

Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran's retaliatory attack on US forces in Iraq on Wednesday.

from NDTV Profit - Latest https://ift.tt/2NaxLho

Sensex Jumps 500 Points, Nifty Tops 12,150 As Mideast Tensions Ease

Domestic stock markets started Thursday's session on a positive note amid gains in Asian peers as the US and Iran backed away from the brink of further conflict in the Middle East. The S&P BSE Sensex...

from NDTV Profit - Latest https://ift.tt/2QzxSoU

Sensex, Nifty Likely To Open Higher Today As Mideast Tensions Ease

Sensex NiftyaOn Wednesday, the S&P BSE Sensex index had ended 51.73 points - or 0.13 per cent - lower at 40,817.74 and the broader NSE Nifty benchmark settled at 12,025.35, up 27.60 points - or 0.23...

from NDTV Profit - Latest https://ift.tt/2T8o2Mu

Banking Services Impacted; Many ATMs Go Dry Due To Strike

Several ATMs went dry by the evening as people rushed for cash withdrawal as they had prior information about the strike.

from NDTV Profit - Latest https://ift.tt/2ZZV8zs

Supreme Court Stays Bombay High Court Order In Adani Coal Import Case

"We are staying the order of the High Court," the bench comprising Chief Justice S A Bobde, Justice B R Gavai and Justice Surya Kant said, while refusing the plea of the Adani Enterprises Ltd (AEL)...

from NDTV Profit - Latest https://ift.tt/2Fslgtz

Maruti Suzuki Saw 7.8% Production Rise In December 2019

In total, the mini and compact sub-segments posted production figures of 88,061 as opposed to 72,643 units. However, production of Ciaz slipped to 894 units in December 2019 from 1,516 units in...

from NDTV Profit - Latest https://ift.tt/2t119Qi

Madhya Pradesh Banking Services Hit; Delhi, Mumbai Unaffected By Strike

Bharat Bandh 2020: Banking and transport services were hit in some parts of the country on Wednesday as workers affiliated to trade unions protested against privatisation and the impact of economic...

from NDTV Profit - Latest https://ift.tt/36A4FQn

Systematic Investment Plan Inflows At Rs 8,518 crore in December

The SIP inflow in November, 2019 stood at Rs 8,272 crore. Also, the total number of SIP accounts increased to 2.97 crore.

from NDTV Profit - Latest https://ift.tt/39RFdIc

Reliance Jio Launches Voice & Video Wifi Calling

"To further reinforce its customer-obsession and offer the best products and experience to its consumers, Jio today announced the launch of nation-wide Voice and Video over Wi-Fi service. Jio has been...

from NDTV Profit - Latest https://ift.tt/2tIUbzn

Cabinet Clears Disinvestment In Neelachal Ispat

"The Cabinet has approved divestment of some shares of six companies held in Neelachal Ispat," Information and Broadcasting Minister Prakash Javadekar told media after the Cabinet meeting.

from NDTV Profit - Latest https://ift.tt/2QyoS3f

Cabinet Approves Ordinance For Coal Mining

It would also do away with the requirement of previous approval in cases where allocation of blocks was made by the Centre.

from NDTV Profit - Latest https://ift.tt/39Uiuvd

Sensex, Nifty Edge Lower Amid Geopolitical Tensions In Middle East

Nine of 11 sector gauges compiled by NSE ended lower led by the Nifty Auto index's 0.75 per cent fall.

from NDTV Profit - Latest https://ift.tt/2QBtaXY

Sensex Down Over 100 Points, Nifty Near 12,000 As Markets Trim Losses

Domestic stock markets pared most of intraday losses in afternoon deals on Wednesday as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex index dropped...

from NDTV Profit - Latest https://ift.tt/37HdZBW

Opinion: Indian Economy, Worst in 42 Years, Needs An Honest Look

Consumer demand is in the doldrums and government spending - the only thing supporting growth - is bound to be pruned in the closing months of the fiscal year to avoid a budget blowout.

from NDTV Profit - Latest https://ift.tt/2T4tZde

NITI Aayog Calls For Talks On Private Participation In Passenger Trains

At present, the plan is to run 150 private passenger trains on select 100 routes and Ministry of Railways is working on a roadmap to implement it.

from NDTV Profit - Latest https://ift.tt/2tBBGNs

Time Right For Government To Boost Spending, Widen Fiscal Deficit: Report

The government in its budget in July had proposed to bring down the fiscal deficit to 3.3 per cent in the current fiscal year ending March 2020 and then reduce it further to 3 per cent in 2020-21.

from NDTV Profit - Latest https://ift.tt/39I28FE

PM Modi Seeks Advice From 130 Crore Indians For Budget 2020

Government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year.

from NDTV Profit - Latest https://ift.tt/39PZL3R

Asia's Richest Banker, Top Conglomerate: India Inc's Big Week in Court

The Bombay High Court on Thursday will resume -- after five months -- hearings on Kotak Mahindra Bank Ltd.'s case against the Reserve Bank of India.

from NDTV Profit - Latest https://ift.tt/2ZZghda

Budget Deficit Could Widen To 3.8% of GDP, Breaching Target: Report

The government is facing a revenue crunch as economic growth slows, putting pressure on the budget.

from NDTV Profit - Latest https://ift.tt/2QxxJCi

Tens Of Thousands Join Nationwide Strike As Economic Slowdown Hits Jobs

More than 10 national trade unions affiliated to left-wing parties, including the main opposition Congress, have called for a nationwide protest against Prime Minister Narendra Modi's labour reforms....

from NDTV Profit - Latest https://ift.tt/36BmuhV

Petrol, Diesel Prices On Hold After Six Days Of Hike

Currently, petrol and diesel prices in India are reviewed by oil marketing companies on a daily basis and any changes - to bring the prices at par with international crude oil and forex rates - are...

from NDTV Profit - Latest https://ift.tt/2FwBJg6

Sensex Plunges Over 350 Points As Oil Surges After Iran Attacks US Forces

Domestic stock markets started Wednesday's session on a negative note tracking losses in Asian peers as oil prices surged after Iran fired missiles at American forces based in Iraq. The S&P BSE Sensex...

from NDTV Profit - Latest https://ift.tt/37JyBJT

Crude Oil Hits 4-Month High As Iran Strike On US Forces Jolts Markets

Analysts said market tension could ease as long as oil production facilities remain unaffected by attacks.

from NDTV Profit - Latest https://ift.tt/36ArFi5

Sensex, Nifty Likely To Open Lower Today

Sensex Nifty

from NDTV Profit - Latest https://ift.tt/2Fy4E3i

Oil Slips As Investors Reassess Mideast Risks

Prices surged during the previous two sessions, with Brent reaching its highest since September while WTI rose to its strongest since April.

from NDTV Profit - Latest https://ift.tt/35uSu6a

Housing Sales Rise 1% In 2019, Launches Up 23%: Knight Frank

Mumbai had the highest quantum of unsold inventory at 1,45,301 units, followed by the National Capital Region (NCR) at 1,22,084 units.

from NDTV Profit - Latest https://ift.tt/2N3auOi

IndiGo To Start Bengaluru-Agra Direct Flights By Early March

This flight will prove a boon for people not only in Agra but also for businessmen from neighbouring districts like Aligarh, Mathura, Firozabad, Bharatpur, say hoteliers in the Taj city.

from NDTV Profit - Latest https://ift.tt/2N1VnF9

Top Court To Hear Tata Sons Plea Against Tribunal's Order On January 10

Tata Sons has challenged the NCLAT's December 18 decision, which ruled in favour of Mr Mistry, and ordered he be restored as the Executive Chairman of TSPL.

from NDTV Profit - Latest https://ift.tt/2T7qse6

Nirmala Sitharaman Tells Traders GST Will Be Simplified Further

Ms Sitharaman assured traders that the government is making all attempts to simplify and rationalise the GST structure.

from NDTV Profit - Latest https://ift.tt/2T1cpHi

Government Forecasts 2019-20 GDP Growth Rate At 5%

Most private economists have lowered India's growth forecast to around 5 per cent for the 2019-20 fiscal year, after the central bank cut its growth estimate to 5 per cent last month, citing weakening...

from NDTV Profit - Latest https://ift.tt/35wFLzy

Coal India Output To Be Affected By Strike On Wednesday, Says Official

Coal India's December production rose after five straight months of declines, the latter reflecting the heaviest monsoon rains in 25 years, strikes and protests.

from NDTV Profit - Latest https://ift.tt/2FuJ3sS

Sensex Ends 193 Points Higher, Nifty Reclaims 12,050

India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.

from NDTV Profit - Latest https://ift.tt/37JEcjy

Adani, NTPC Seek Extension Of Deadlines To Curb Coal Plant Emissions

The requests mean the two biggest power producers in India are pressuring the government to delay emissions targets for a second time, citing costs and technical difficulties, even as the country...

from NDTV Profit - Latest https://ift.tt/2QRaGS5

January 8 Strike To Have Minimal Impact On Operations, Says SBI

All India Strike: The CITU also said that during the talks on January 2, Labour Minister assured that the government has been taking all steps for the welfare of the workers including legislations on...

from NDTV Profit - Latest https://ift.tt/2QRr1Gu

Gold Prices Dip As US-Iran Tensions Ebb

Spot gold fell 0.4 per cent - its biggest daily percentage decline in about a month - to $1,559.11 per ounce.

from NDTV Profit - Latest https://ift.tt/2MZdL15

Markets Off Day's Highs, Sensex Up 250 Points, Nifty Breaks 12,100

At 11.50am, the Sensex had shaved off around 300 points and was quoting at 40,965, up 289 points or 0.7 per cent, after touching an intra-day high of 41,230 this morning, and the Nifty was at 12,077,...

from NDTV Profit - Latest https://ift.tt/2SZd7EU

Government To Refund Rs 104 Crore To RCom

The Department of Telecom has already adjusted Rs 30.33 crore.

from NDTV Profit - Latest https://ift.tt/2QNcJXi

Sensex Soars Over 450 Points As Crude Oil Price Eases

Brent crude futures - the global benchmark for crude oil - fell 54 cents to $68.37 a barrel, having been as high as $70.74 on Monday.

from NDTV Profit - Latest https://ift.tt/36vXnx2

Sensex, Nifty Likely To Open Higher Today

Oil surrendered hefty gains as some speculated Iran would be unlikely to strike against the US in a way that would disrupt supplies, and its own crude exports.

from NDTV Profit - Latest https://ift.tt/2SYR5SI

Government Plans To Cut Spending To Curb Deficit: Report

Asia's third largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending.

from NDTV Profit - Latest https://ift.tt/2ZUUfbv

India Less Affected By Global Economic Slowdown: Rajnath Singh

"So far as the economy is concerned, some people say that the growth rate has declined. But the truth is downturn has affected most of the countries, even the developed ones, which are reeling under...

from NDTV Profit - Latest https://ift.tt/2tA6TAq

Crude Oil Price Rises Over 1% To Cross $70 Per Barrel Mark

U.S. West Texas Intermediate crude was at $63.77 a barrel, up 72 cents, or 1.14%, after touching $64.72, the highest since April.

from NDTV Profit - Latest https://ift.tt/2rUYKWS

Rupee Declines To End At 71.93 Against Dollar As Crude Oil Price Rises

The rupee moved lower against the US dollar on Monday as crude oil prices continued to rise amid supply concerns. The rupee started lower at 72.03 against the US currency in intraday trade on...

from NDTV Profit - Latest https://ift.tt/39F9WrX

Amazon India Rides On Future Group To Face Reliance's Jiomart

"Amazon and Future Retail share common values of serving customers everywhere in the best possible manner," said Kishore Biyani, Chairman and Managing Director, Future Retail Limited. ...

from NDTV Profit - Latest https://ift.tt/37E0nHO

Why Sensex Plunged 788 Points Today, Its Worst Day In Six Months

Forty six out of 50 shares in the Nifty 50 basket ended lower. State Bank of India was top Nifty loser, the stock declined 4.6 per cent.

from NDTV Profit - Latest https://ift.tt/2SY4ZEs

Gold Prices Hit Record High On Safe-Haven Rush, Weak Rupee

Local gold futures hit an all-time high of Rs 41,096 per 10 grams, taking their gains to more than 5 per cent in 2020 after rallying nearly 25 per cent in 2019.

from NDTV Profit - Latest https://ift.tt/2ZSoDU1

Markets Slump Amid Rising US-Iran Tensions; Sensex Drops Over 650 Points

The markets went into a tailspin on Monday after a United States' air strike in Iran ratcheted up tensions in the Middle East.

from NDTV Profit - Latest https://ift.tt/2FkCs3Y

Buoyant Demand Boosts Services Activity To Five-Month High In December

The findings are likely to provide some relief to markets and spur hopes of an economic recovery in Asia's third-largest economy.

from NDTV Profit - Latest https://ift.tt/39JVKOk

Gold Jumps To Near 7-Year High On US-Iran Tensions; Palladium Tops $2,000

Gold surged close to a seven-year peak on Monday, as investors flocked to the safe-haven metal on escalating US-Iran tensions.

from NDTV Profit - Latest https://ift.tt/2tBjzXL

Oil Surges Again After Trump Threatens Iraq Sanctions, Iran Retaliation

US West Texas Intermediate crude was at $64.39 a barrel, up $1.34, or 2.1 per cent, after touching $64.44 earlier, the highest since April.

from NDTV Profit - Latest https://ift.tt/2ZYgJs3

Petrol, Diesel Prices Raised For Fifth Day Amid Tensions In Middle East

In the last five days petrol prices have been increased by 49 paise per litre in Kolkata and Mumbai, by 55 paise in Delhi and by 52 paise in Chennai.

from NDTV Profit - Latest https://ift.tt/35t2FYN

Sensex Plunges Over 500 Points Amid Rising Tensions Between US And Iran

All sector gauges barring the gauge of information technology shares were trading lower led by the Nifty PSU Bank index's 2.75 per cent drop.

from NDTV Profit - Latest https://ift.tt/37EIJ6E

Ratan Tata Fights to Save 21-Year Legacy After Cyrus Mistry Court Ruling

In a severe blow to the Tata Group, the National Company Law Appellate Tribunal said December 18 that Cyrus Mistry was improperly removed in October 2016 at the behest of Ratan Tata, chairman-emeritus...

from NDTV Profit - Latest https://ift.tt/2QMbk3j

Sensex, Nifty Set For Gap Down Opening; Tata Group Shares in Focus

Japan's Nikkei slid almost 2 per cent in a sour return from holiday, while E-Mini futures for the S&P 500 fell 0.5 per cent in very choppy trade.

from NDTV Profit - Latest https://ift.tt/2QNUjWv

Have Taken Steps To Address Issues Ahead Of Budget: Nirmala Sitharaman

"The GST collection has gone above Rs 1 lakh crore per month. It will remain good in the days to come," Ms Sitharaman said.

from NDTV Profit - Latest https://ift.tt/2MY7EdB

Gulf Markets Plunge On US-Iran Tensions, Aramco At Lowest Since IPO

Shares of oil giant Saudi Aramco fell 1.7 per cent to their lowest level since listing last month in a record initial public offering (IPO).

from NDTV Profit - Latest https://ift.tt/2ZRSLyE

Cyrus Mistry On Declining Executive Chairmanship At Tata: Full Statement

Cyrus Mistry, the ousted Tata Sons chairman, in a public statement on late Sunday evening said he has taken the decision in the overall interest of the Tata group

from NDTV Profit - Latest https://ift.tt/2SSzzPN

Cyrus Mistry Says Not Interested In Returning To Tata Sons

Mr Mistry also made it clear that he does not intend to pursue executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries.

from NDTV Profit - Latest https://ift.tt/35qlax0

ITR-1 Return Form Not For Those Paying Rs 1 Lakh In Electricity Bill

Returns in ITR-1 Sahaj can be filed by an ordinarily resident individual whose total income does not exceed Rs 50 lakh.

from NDTV Profit - Latest https://ift.tt/2QLBnYm

Developments In West Asia To Steer Indian Equity Markets

On Friday, the BSE Sensex slumped over 270 points on tensions and uncertainty in the Middle East, before closing the day's trade at 41,464.61.

from NDTV Profit - Latest https://ift.tt/2MWvCpr

All You Need To Know About Post Office National Savings Certificate

The minimum amount required for opening an NSC account is Rs 1,000 and in multiple of Rs 100 thereof and there is no maximum limit for amount that can be invested in an NSC account.

from NDTV Profit - Latest https://ift.tt/36sZthg

Committed To Growing The Right Way: Oyo

Hospitality chain Oyo said on Saturday that it is committed to "growing the right way" by meeting the needs of property owners and guests.

from NDTV Profit - Latest https://ift.tt/2rX0Dm7

Petrol, Diesel Prices Rise For Fourth Day Amid Tensions In Middle-East

In the last four days petrol prices have been increased in the range of 34-40 paise and diesel prices have been raised in the range of 49-55 paise across the metro cities by Indian Oil.

from NDTV Profit - Latest https://ift.tt/2ZQiiZ4

State-Run Oil Companies Unions Oppose BPCL Disinvestment

The two associations claimed that selling off BPCL will result in a loss, because it is valued at 9.75 lakh crore.

from NDTV Profit - Latest https://ift.tt/37ElmKm

UCO Bank Recovers Rs 800-900 Crore From Four Stressed Accounts

The accounts comprise those of RattanIndia Power, Essar Steel, Ruchi Soya and Prayagraj Power, a top official of the state-owned lender said.

from NDTV Profit - Latest https://ift.tt/2Qpa6fh

TCS Moves Supreme Court Against Cyrus Mistry's Reinstatement

Last month, NCLAT had restored Mr Mistry as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran was "illegal".

from NDTV Profit - Latest https://ift.tt/36sr3eg

Indian Overseas Bank Gets Rs 4,360 Crore Capital Infusion

The bank had said it would receive capital infusion of Rs 4,360 crore from government in the current financial year for meeting the regulatory norms.

from NDTV Profit - Latest https://ift.tt/2FmtIdQ

All You Need To Know About Reliance Jio's 1.5 GB/Day Data Plans

Reliance Jio's new recharge plan for using 1.5 GB high speed internet data per day now starts at Rs 199 for validity of 28 days which was earlier priced at Rs 149.

from NDTV Profit - Latest https://ift.tt/36kkZ7E

Budget 2020: When And Where To Watch Live Streaming Of Union Budget

The Union Budget for financial year 2020-21 will be tabled in Parliament on February 1. The Union Budget will be preceded by the presentation of Economic Survey on the previous day.

from NDTV Profit - Latest https://ift.tt/39DreWo