Business

In June, the Department of Telecom, outlined plans to hold the next spectrum sale first since 2016 by December 2019.

FM recently announced merger of Oriental Bank of Commerce and United Bank with Punjab National Bank, Syndicate Bank with Canara Bank, while Andhra Bank and Corporation Bank would be merged with Union Bank of India.

In July, the IMF projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years.

Under the proposed ‘market assurance scheme’, states will be free to procure all crops from farmers for which MSPs are announced, except rice and wheat. Under the new scheme, the Centre will reimburse states for any losses capped at 30% of the procurement...

At 11:40 am, shares of Yes Bank were trading at Rs 72.25, up 14.5%, after hitting an intra-day high of Rs 75.45. Notably, the stock has corrected nearly 80% in the last one year.

Despite the modest number, India is the fourth most optimistic nation about hiring plans for the next three months globally.

The United States Bureau of South and Central Asian Affairs (SCA) also congratulated the group's chairman Anand Mahindra on the new office and the plant in a tweet.

In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent, while GST on jewellery fixed at three per cent as compared to one per cent in the erstwhile VAT regime.

After opening on a negative note, the 30-share index rebounded 460 points from the day's low of 36,784.47 to settle 163.68 points, or 0.44 per cent, higher at 37,145.45. It hit an intra-day high of 37,244.08.

Currently, the EU permits India to export 10,000 tonne of sugar at concessional duty rates under the CXL quota. However, after the exit of the UK from the EU, this quantity needs to be re-negotiated

Gold futures in India, the biggest bullion consumer after China, were trading around 38,504 rupees per 10 grams on Friday, easing from a record high 39,885 rupees touched on Wednesday.

Top gainers in the Sensex pack included Tech Mahindra, Maruti, NTPC, Axis Bank, Tata Steel, Bajaj Auto, Tata Motors, Bajaj Finance, M&M and Kotak Bank, rising up to 3.77 percent

Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which operates a 1,610-mile pipeline transporting natural gas from Bolivia to Brazil, said its board approved the removal of Ivan de Sá on Wednesday at the request of Petrobras, its majority shareho...

The benchmark S&P BSE Sensex was up 108 points, or 0.29%, to 36,832.78, while the Nifty index rose 56.65 points, or 0.5, to 10,901.30.

The IHS Markit Services Purchasing Managers' Index declined to 52.4 in August from July's year high of 53.8, still comfortably above the 50-mark separating growth from contraction.

These moves are aimed at developing India's credit markets and come at a time when the country is facing a liquidity crisis among its shadow banks after the collapse of IL&FS, one of the biggest shadow banks, last year.