Business

The other wealthiest Indians are Hinduja group chairman SP Hinduja with net worth of $21 billion, Wipro chairman Azim Premji is at third with a net worth of $17 billion, according to a report released on Tuesday.

The 30-share Sensex rose 140.29 points, or 0.38 per cent, to 36,011.77 in early trade. The gauge had lost 26.87 points Friday.

A notification regarding simplifying the process for startups to get exemptions on investments under section 56(2)(viib) of Income Tax Act, 1961, will be issued shortly, the official said.

The 30-share index, after rising over 100 points, fell 158.94 points, or 0.44 per cent, to 35,650.01. Similarly, the 50-share NSE Nifty fell 44.45 points, or 0.41 per cent, to 10,679.95.

Reddy said the major concern with a scheme like income support, which will cost the exchequer Rs 70,000 crore in FY20, is the recurring nature and pointed out that this will constrain the fiscal balances.

With this, Surat has become the 20th destination in the country for the international budget arm of the flag carrier Air India.

Forex traders said heavy selling in domestic equities coupled with foreign capital outflows affected the movement of the rupee.

The rescue deal by Jet's lenders, led by State Bank of India, includes funding through a mix of equity infusion, debt restructuring and sale or leaseback of aircraft.

The chair car fares are 1.4 times the base price of Shatabdi trains running the same distance and the executive class fares are 1.3 times of first class air-conditioned seating in the premium train

The government has now decided that all government employees need to send an intimation if total transactions in shares, securities, debentures, mutual funds scheme and the like exceeds six months' basic pay during the calendar year.

To a question on the impact of the budget proposals on inflation, Das said the same has been factored in its projections as more disposable income with the public, especially with the farmers, are being termed as inflationary by experts.

Sun Pharma, Bajaj Auto, HCL Tech, Tata Motors, M&M, Yes Bank, Maruti and Hero MotoCorp were the top gainers, rising up to 2.64 per cent while shared of the Tata Steel, HDFC, Bharti Airtel and Vedanta fell up to 0.51 per cent

An IFSC enables to bring back to India the financial services and transactions that are currently carried out in offshore financial centers by Indian corporate entities and overseas branches or subsidiaries of financial institutions (FIs).

Vodafone Idea reported an EBIDTA of Rs 1,136.8 crore for the third quarter of 2018-19 and a higher margin of 9.7 per cent against 6 per cent in the previous quarter.

Though several of Amazon’s products are still unavailable, the company has been selling products through sellers in which they don't have direct or indirect equity stakes.

At the Interbank Foreign Exchange, the rupee opened stronger at 71.72 a dollar. The local unit moved in a range of 71.55 to 71.80, before finally ending at 71.57, showing a gain of 23 paise.