Business

Recently, Andhra Pradesh had asked government nodal agencies Solar Energy Corporation of India (SECI) and NTPC to lower tariff of renewable energy projects auctioned by them under concluded power purchase agreements.

The indirect tax administration now shares data with the income tax department, a move that has helped in unearthing instances of tax evasion.

PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances.

Confederation of All India Traders has alleged that e-commerce companies are following unethical business model and are infringing foreign direct investment norms.

Top losers in the Sensex pack during early session included SBI, ICICI Bank, Tata Motors, Yes Bank, Tata Steel, Axis Bank, HDFC twins, M&M, Bajaj Finance and IndusInd Bank, shedding up to 2.66 per cent.

At 11:25 am, the S&P BSE Sensex inched up 40.30 points, or 0.1%, to 37,572.28, while the Nifty 50 index was up 15.35 points, or 0.14%, to 11,141.75.

At the interbank foreign exchange, the rupee opened on a strong note at 71.20 then lost momentum and fell to 71.22 against the US dollar.

Union Environment minister Prakash Javadekar said the government has prepared a national clean air programme for 122 cities of the country under which schemes for reducing pollution will be made.

The RBI Monetary Policy Committee (MPC) reduced repo rate by 25 basis points on Friday to 5.15 per cent.

Directorate General of Trade Remedies said that IG Petrochemicals Ltd and Thirumalai Chemicals Ltd have alleged that increase in imports of Phthalic Anhydride from South Korea is causing serious injury to them.

In a single year since 2018 alone, the number of startups marked a steep increase of 35 per cent, said the report unveiled at the valedictory function of the TiECon Kerala 2019 in Kochi on Saturday.

Coal India said on Tuesday its output for the six months to the end of September fell 6%, with September production dropping 23.5% to the lowest level in months.

The RBI is predicted to lower its key lending rate or the repo rate by 25 basis points (bps) to 5.15%, which would take cumulative cuts so far this year to 135 bps.

Yes Bank shares plummeted over 22 per cent, their fifth consecutive session of fall, as promoter Rana Kapoor and his group entities sold another 2.16 per cent stake worth Rs 510 crore.

Indiabulls Managing Director Gagan Banga on Monday tried to assuage investors, saying the Reserve Bank of India's action on Lakshmi Vilas Bank 'does not shut the door on the merger'.

To revive the ailing economy, the government in September announced a steep cut in the corporate tax rate - to 22% from 30% - triggering the biggest intraday gain in stocks in more than a decade.