Business
Rupee Appreciates by 20 Paise to 69.14 Against Dollar in Early Trade
The rupee opened at 69.28 at the interbank forex market, then gained further ground and touched 69.14, displaying gains of 20 paise over its last close.
California Jury Awards $29 Million to Woman with Cancer Who Used Johnson & Johnson Talcum Powder
J&J said it would appeal, citing "serious procedural and evidentiary errors" in the course of the trial, saying lawyers for the woman had fundamentally failed to show its baby powder contains asbestos.
Reliance Halts Oil Exports to Venezuela in View of US Sanctions
Reliance said it will continue a constructive dialogue with the US government to ensure Reliance remains in compliance.
Jet Airways Grounds 5 More Planes Due to Rental Default
In a filing to the stock exchanges on Wednesday, the airline said, 'an additional five aircraft have been grounded due to non-payment of rentals to the lessors under their respective lease agreements.'
Bank of Baroda CEO PS Jayakumar May Head Merged Banking Entity
A career banker since 1986, Jayakumar has spent over 23 years in Citibank in India and Singapore.
Sensex Shoots up 481 Points; Nifty Reclaims 11,300-Level
The 30-share BSE gauge settled 481.56 points, or 1.30 per cent, higher at 37,535.66. The broader NSE Nifty reclaimed the psychological 11,300-level and closed with gains of 133.15 points, or 1.19 per cent, at 11,301.20.
Bharti Airtel to Transfer More Than Half of Infratel Stake to Unit
Airtel's unit Nettle Infrastructure Investments Ltd will buy an up to 32 per cent stake in Bharti Infratel by March 18.
Govt Overhauls Oil, Gas Exploration Policy; No Profit to be Charged on Output in Less Explored Areas
Breaking from the two-and-a-half decade-old practice of having a uniform contractual regime for all sedimentary basins in the country, the new policy provides for different rules for areas that already have producing fields and ones where commercial produ...
CBDT Notifies Relaxed Norms for Startups
Earlier, the investment limit for a start-up to seek exemption under Section 56(2)(viib) of Income Tax Act, 1961, was Rs 10 crore and they were permitted to avail the benefits only for seven years.
SpiceJet to Add 12 New Flights, to Launch Hyderabad-Colombo Service
Expanding its footprint on the regional connectivity scheme Udan routes, SpiceJet will launch services on six new flights on the Kishangarh-Ahmedabad, Lakhimpur-Guwahati and Jaipur-Amritsar routes, the airline said in a statement.
Central Bank Puts Bhushan Power, Essar Steel Accounts Up For Sale to Recover Bad Loan Dues
The e-auction of all these accounts will take place on March 20.
Vijay Mallya's Defiance Prompts Sebi to Seek Changes to Companies Act
Under the Companies Act, the office of a director becomes vacant in case of he or she being disqualified by an order of a court or a tribunal.
GST Collection Drops to Rs 97,247 Crore in February
The GST collection for February, 2019, is 13.12 per cent higher than Rs 85,962 crore mopped-up in February, 2018.
Sensex Rebounds 196 Points, Posts Second Weekly Gains as Geopolitical Tensions Ease
Economic growth estimate for the current fiscal year ending March 31 has been revised downwards to 7 per cent from the earlier estimate of 7.2 per cent. This is the lowest growth in the last five years.
Downward Revision of Current Fiscal Growth Does not Indicate Economic Slowdown, Says Economic Affairs Secy
The Central Statistics Office (CSO), which releases the national account data, had last month revised its forecast for GDP growth for 2017-18 to 7.2 per cent from the earlier estimate of 6.7 per cent.
Sensex Rebounds 256 Points, Nifty Above 10,900-mark
The 30-share Sensex rose by 256.18 points after the gauge lost 239.67 points on Tuesday following the Indian air strikes on a terrorist camp in Pakistan.