Sensex, Nifty, Sensex trade, Market news, Markets, US Federal Reserve, Business news, Indian Express
September 21, 2017 7:54 pm

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.

September 21, 2017 7:08 pm

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.

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September 21, 2017 6:51 pm

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.

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September 21, 2017 6:42 pm

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.

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September 21, 2017 3:55 pm

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.

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September 21, 2017 3:45 pm

"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.

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September 21, 2017 2:13 pm

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.

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September 21, 2017 1:37 pm

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.

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September 21, 2017 11:56 am

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.

Sensex, Nifty, Sensex trade, Market news, Markets, US Federal Reserve, Business news, Indian Express
September 21, 2017 10:32 am

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.

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September 21, 2017 3:11 am

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.

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September 21, 2017 3:01 am

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.

September 21, 2017 2:53 am

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.

National Insurance, Manalur Sandilya, IRDAI, Actuary, india news
September 21, 2017 2:46 am

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.

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September 21, 2017 2:37 am

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.

Idea Cellular, Reliance Communications, Telecom, telecom stocks, indian express news
September 21, 2017 2:33 am

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.

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September 21, 2017 2:24 am

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.

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September 21, 2017 2:18 am

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.

Tata Steel, Thyssenkrupp, European steel enterprise, business news, indian express news
September 21, 2017 2:08 am

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.

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September 21, 2017 2:01 am

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.

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September 20, 2017 8:24 pm

"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.

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September 20, 2017 6:44 pm

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.

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September 20, 2017 7:10 pm

Maintaining that inflation is under control, Finance Minister Arun Jaitley on Wednesday said the government is working on additional measures to bolster economy.

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September 20, 2017 6:07 pm

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.

September 20, 2017 5:11 pm

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.

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September 20, 2017 4:33 pm

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.

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September 20, 2017 3:24 pm

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.

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September 20, 2017 2:47 pm

Market regulator Sebi has revoked the trading ban imposed on 114 entities saying it did not find any adverse evidence against them.

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September 20, 2017 2:34 pm

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.

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September 20, 2017 2:16 pm

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.

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September 20, 2017 1:54 pm

"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, IPO, life insurance, investment growth, india economy, finance news, india news, business news
September 20, 2017 1:21 pm

SBI Life Insurance Company has raised Rs 2,226 crore from anchor investors as its initial share sale opened for public subscription on Wednesday.

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September 20, 2017 11:11 am

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.

Nifty, Sensex, market news, BSE Sensex mark, Wall Street, business news, indian express news
September 20, 2017 10:08 am

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.

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September 20, 2017 3:59 am

The chamber said that positive developments in the global economy and upcoming festival season as well as government capital expenditure will contribute to growth.

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September 20, 2017 7:37 am

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”.