Amid continuous foreign capital outflows, the 30-share barometer sank, but made a sharp recovery only to close at 32,370.04, a loss of 30.47 points, or 0.09 per cent. The gauge swung almost 300 points intra-day.
With the Boeing 737 aircraft, flying from Varanasi to Mumbai, stuck in the mud, the main runway had to be closed for over 24 hours leading to nearly 180 flights being cancelled.
McDonald's India last month terminated the franchise licence of 169 outlets run by Bakshi-led Connaught Plaza Restaurants Ltd (CPRL) in north and east India alleging breach of contract of terms and payment default.
Commenting on the trend, Deepak Jotwani, Assistant Vice President, ICRA said, "Basmati rice exports in the current fiscal have been encouraging, especially driven by demand from Iran.
Besides falling GDP growth rate, exports are facing strong headwinds and the industrial growth is the lowest in five years. The current account deficit (CAD) - the difference between inflow and outflow of foreign exchange, has risen to 2.4 per cent of GDP in April-June.
"The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks," New York-based S&P said in a statement.
The move would help in cutting down the diesel expenses on Indian railways, which is about Rs 16,000 crore and improving operating ratio of Indian railways, the minister told reporters at New Delhi.
Pension plans are today varied and cater to every age group. There are tailor made plans to suit you as you retire and there are others that you can chose early in life.
The Companies Act mandates that a petitioner should hold at least one-tenth of the issued share capital of a company or represent 10 per cent of total number of members to file cases alleging mismanagement and oppression of minority shareholders.
The 30-share index fell by 43.68 points or 0.13 per cent to 32,356.83 in morning session. The wider Nifty of NSE fell by 22.90 points or 0.23 per cent to 10,118.25.
A P2P lender is typically a fintech platform which helps lenders and prospective borrowers get in touch with each other. In India, three broad categories of fintech lenders operate.
The port, located in the Sistan-Balochistan province in the energy-rich Persian Gulf nation’s southern coast, lies outside the Persian Gulf and is easily accessed from India’s western coast, bypassing Pakistan.
SBI Life’s public issue involves its promoters offloading up to 12 crore shares of face value of Rs 10 each through the offer of sale route. SBI will dilute up to 8 crore shares while BNP Paribas Cardif SA will offload up to 4 crore shares.
Earlier this year, Fairfax’s proposed deal to acquire a 51 per cent stake in Kerala-based Catholic Syrian Bank fell through over differences in valuation. Fairfax was founded in 1985 by the present chairman and chief executive officer V Prem Watsa.
As per the new mining law — Mines and Minerals (Development and Regulation) Amendment Act, 2015 — non-coal mines have to be auctioned by the respective state governments.
On the other hand, the stock of Reliance Industries, which owns newcomer Reliance Jio, rose 0.85 per cent and ended the session at Rs 847.
Unbranded foodgrains like cereals and pulses are exempt under the new indirect tax regime of Goods and Services Tax (GST) which was rolled out from July 1.
Arun Jaitley said the GST Network had no difficulty to upload returns till last night, but when 75 per cent of businesses throng the portal on a day, there would be trouble.
Thyssenkrupp Tata Steel would have a robust capital structure that is well matched by the underlying free cash flows of the company, Tata Steel said.
Arun Jaitley met commerce and industry minister Suresh Prabhu, railway minister Piyush Goyal and NITI Aayog Vice Chairman Rajiv Kumar on Tuesday, along with top finance ministry officials, to discuss the economic situation.
"Isn't it good that the money has returned to banks... instead of being found in the bedroom, bathroom, under the pillow, the money reached banks. It is a matter of happiness," Naidu said.
Till noon , as many as 18.41 lakh businesses had filed returns for August. Wednesday, being the last day for August GSTR-3B return filing, GSTN has handled over 80,000 returns per hour.
Maintaining that inflation is under control, Finance Minister Arun Jaitley on Wednesday said the government is working on additional measures to bolster economy.
How much should be your planned budget for your family security? You can get the best deal within your planned budget if you are clear about your investment objectives.
The Terms of Reference (ToR) for the studies included assessment or survey of unaccounted income and wealth and profiling the nature of activities engendering money laundering both within and outside the country.
Chen Yingchun, COMAC's chief designer said the JV was looking to build half of the C929 using composite materials, versus C919's 10 percent, and that talks were underway with European, US and Chinese suppliers.
Elaborating further, the report said the GST rollout in July, replacing a web of indirect taxes in India, prompted some automakers to lower prices of their passenger vehicles. This encouraged dealer restocking and led to a subsequent boost in sales, it said.
Market regulator Sebi has revoked the trading ban imposed on 114 entities saying it did not find any adverse evidence against them.
State-owned Oil and Natural Gas Corp (ONGC) has made a significant oil discovery to the west of its prime Mumbai High fields in the Arabian sea, a senior official said on Wednesday.
To celebrate Forbes' centennial, the magazine amassed an encyclopedia of ideas from 100 entrepreneurs, visionaries and prophets of capitalism, making it the greatest ever collection of business essayists.
"CUHL's original 9.8 per cent shareholding in CIL (now about 5 per cent in Vedanta Ltd) was attached by the IITD in January 2014 and CUHL continues to be restricted by the IITD from selling such shares," Cairn said.
SBI Life Insurance Company has raised Rs 2,226 crore from anchor investors as its initial share sale opened for public subscription on Wednesday.
Reliance Industries stock climbed about 4 per cent on Wednesday to Rs 872 after the Telecom Regulatory Authority of India cut down the interconnect usage charge (IUC)--the fee one operator pays to the other for connecting calls between them--by over 50 per cent.
Mobile companies currently charge 14 paise a minute for allowing a domestic call from a rival operator to terminate on their network. There would be no such charge from January 1, 2020, Trai said.
The chamber said that positive developments in the global economy and upcoming festival season as well as government capital expenditure will contribute to growth.
The Research note has come ten days after BJP president Amit Shah attributed the slowdown — GDP growth slid for the sixth quarter in a row to hit a three-year low at 5.7 per cent in the June quarter — to “technical reasons”.