This has led to a steepening of the yield curve where-in long tenor yields have risen much more than short-tenor yields. The benchmark yield for instance has risen by 36 basis points since October 4. Against this, short-tenor yields have not seen much movement.
“Opening of exports of all types of pulses will help farmers dispose of their products at remunerative prices and encourage them to expand the area of sowing,” minister Ravi Shankar Prasad said.
Reacting to the announcement, the shares of Can Fin Homes surged over 5 per cent to end the session at Rs 449.20, up 2.7 per cent, while Dewan Housing Finance (DHFL) gained 3.1 per cent during the day. GIC Housing Finance and LIC Housing Finance gained 1.7 per cent each in intra-day trade.
As per the new norms, the carpet area of the houses under the MIG-I category has been enhanced from 90 sqm to 120 sqm, and for the MIG-II segment from 110 sqm to 150 sqm, Union minister Ravi Shankar Prasad said after the Cabinet meeting chaired by Prime Minister Narendra Modi.
Upendra Tripathy, director general of ISA, said: Technology and innovation, coupled with increased demand was likely to drive down the prices even below the current lowest price of Rs 2.44 per unit that was achieved at an auction for a solar project in Rajasthan earlier this year.
A ministry’s order of August 2017 directs both NOCs to submit to the DGH all data relating to drilling activities for each petroleum exploration license (PEL) and petroleum mining license (PML) in fields given to them through nomination.
The Sensex hit the day’s high of 33,165.15 before settling up 346.38 points, or 1.06 per cent, at 33,106.82. This is the highest closing since November 10 when it had closed at 33,314.56.
BOB said the equity fund can be raised through "qualified institutions placement (QIP), and/or rights issue for size and amount as may be decided, within overall approval of the board of raising Equity Capital up to Rs 6,000 crore".
Besides, iPic has agreed to appoint PVR Chairman and Managing Director Ajay Bijli to its board of directors after its planned initial public offering that it had announced earlier. PVR Ltd stock closed 0.47 per cent up at Rs 1,390.50 on BSE.
The proposed list includes gold, silver, zinc, tin, crude oil and its derivatives, coal, natural gas, tea, coffee, sugar and cocoa. One of the 10 recommendations of the Group also pertains to banks in the hedging activities.
"This is against the basic objective of GST which is to ensure that input taxes are not blocked in the system ie tax cascading is eliminated," Ficci said in the letter.
Among others, Reliance Home Finance climbed 8.54 per cent to close at Rs 71.80, Reliance Infrastructure grew as much as 6.71 per cent to end the day's trade at Rs 445.40 and Reliance Power closed 4.11 per cent higher at Rs 36.75.
The CBEC last month said that businesses with turnover up to Rs 1.5 crore are exempt from deducting GST on advance payment for supply of goods.
Domestic institutional investors (DIIs) were net buyers as they bought shares worth Rs 869.09 crore on Wednesday while foreign portfolio investors (FPIs) offloaded equities amounting to Rs 381.42 crore, provisional data showed.
The wholesale inflation rose to a seven-month high in October as prices of food articles, led by onion and vegetables, witnessed a sharp rise.
The Airlines cannot levy any additional amount of money for correction of a passenger's name, in case the later brings it to their notice after the ticket has been booked.
The makeover of the GeM portal assumes significance as public procurement of the central and state governments is to the tune of Rs 5 lakh crore annually.
As share prices rebounded across Asia and Europe, the dollar climbed around 0.2 percent to 113.09 yen, up from lows of 112.47 yen on Wednesday.
Gold had gained Rs 175 in the previous three days.
Brent crude futures, the international benchmark for oil prices, were at $61.98 per barrel at 0438 GMT, 11 cents above their last close.
Other Indian families on the list feature the Premjis (rank 11, $19.2 billion net worth), the Hindujas (12th, $18.8 billion), the Mittals (14th, $17.2 billion), the Mistrys (16th, $16.1 billion) and the Birlas (19th, $14.1 billion).
Sebi is also investigating into the NSE algo trading case to ascertain if brokers made unfair gains in connivance with the exchange officials.
Yesterday, the rupee had rebounded 21 paise to close at 65.21 against the US currency, ending its two-day slide on fresh bouts of dollar selling even as trade deficit widened alarmingly to a three-year high.
The 30-share BSE index was up 163.80 points, or 0.49 per cent, at 32,924.24. Also, the NSE Nifty rose by 50.85 points, or 0.50 per cent, to 10,168.90.
Retail inflation touched a seven-month high of 3.58 per cent in October.
The rise in profitability was contributed by a significant improvement in the combined ratio, which dropped to 112.57 per cent in the quarter as compared with 124.24 per cent a year ago.
The government has so far borrowed Rs 4.46 lakh crore of the budgeted Rs 5.8 lakh crore for the fiscal year 2018 leaving close to Rs 1.34 lakh crore of borrowings over the next four-and-a-half months.
Stating that it is working on asset-monetisation, RCom said that is in standstill period till December 2018 pursuant to the strategic debt restructuring guidelines.
A subdued trend in Asia and a lower opening in Europe, tracking a fall in oil prices and doubts over US tax reforms, kept spirits low.
Launched in June 2007, the negotiations for the proposed BTIA have witnessed many hurdles with both sides having major differences on key issues like IPR, duty cut in automobile and spirits, and liberal visa regime.
Members would include Patel, as also William Dudley, President of the Federal Reserve Bank of New York, central bank governors in Brazil, South Africa, Japan, among other top bankers from across the world.
US Senate Republicans on Tuesday linked repealing a key component of Obamacare to their ambitious tax-cut plan, raising new political risks and uncertainties for the tax measure that financial markets have been monitoring closely for months.
The government has notified lower GST rates in over 200 items, including chocolates, waffles, furniture, wrist watch, cutlery items, suitcase, ceramic tiles and articles of cement.
Prominent investors included Ceres Estate, CERES ESTATE LTD, CG Power and Industrial Solutions, Indian Designs Exports, OIL India, ONGC Videsh, Gail (India), Cipla, Cadila Pharmaceuticals, Ramco Systems, Wipro Enterprises and Piramal Enterprises.
Infosys founder N R Narayana Murthy, had on October 24, expressed disappointment that none of the questions raised by him on "poor governance" had been answered by the company's board with transparency.
Baker McKenzie's head (India practice) Ashok Lalwani said the flurry of IPO activities is likely to continue for rest of this year and well into the early part of 2018, as corporate India seeks to take advantage of a surging domestic equity market.