Business
Market Rout Continues; Sensex Slips 637 Points as Selling Pressure Mount
The 30-share Sensex, opened Friday distinctly weak at 34,563.29 and continued to slide to touch a low of 34,140.32 points (intra-day). The index was trading down 636.83 points, or 1.82 per cent at 34,142.75 at 1400 hrs.
Government Likely to Appoint New CEA in Next 1-2 Months
A search committee appointed by the finance ministry is expected to finalise the list of suitable candidates soon and appointment is likely in 1-2 months, they said further.
Sebi Directs Singh Brothers, 8 Other Entities to Repay Over Rs 403 Cr to Fortis Healthcare
The other entities that have been asked to repay the money are Shivi Holdings Pvt Ltd, Malav Holdings Pvt Ltd, Best Healthcare Pvt Ltd, Fern Healthcare Pvt Ltd and Modland Wears Pvt Ltd.
India to be Worst Hit if Global Trade Falls, Says Suresh Prabhu
India has the potential to become a $10-trillion economy before 2035, the Minister said at the 98th Annual Session of The Associated Chambers of Commerce and Industry of India.
Sensex Recovers Over 600 Points Ahead of Key Macro Data, Nifty Reclaims 10,400
The 30-share Sensex climbed 639.80 points, or 1.88 per cent, to 34,640.95 with all the sectoral indices trading in the positive zone.
India Facing 'Economic Crisis' Due to Huge Oil Imports, Says Gadkari as Markets Crash
Gadkari's comment came on a day when the financial markets plummeted creating panic among investors. The BSE benchmark Sensex nosedived by over 800 points on Thursday afternoon.
Cash-strapped Hotel Leelaventure Defaults in Payment of Rs 22.5 Crore to LIC
The company had issued secured redeemable non-convertible debentures on private placement basis aggregating to Rs 90 crore to LIC of India in December 2008, Hotel Leelaventure said in a regulatory filing.
GST Council Sets up Ministerial Panel to Examine 'Calamity Tax' on Certain Goods
On revenue position of the states, Jaitley said the states faced an average 16 per cent shortfall in Goods and Services Tax (GST) mop up in the first year of implementation.
Indian Economy Will Overtake Japan to be No.3 by 2030: Report
The improved performance would be a big boost for the Narendra Modi government as it comes amid a debate over its economic record versus that of the previous Manmohan Singh administration after back-series data released recently showed that the GDP growth...
Cabinet Clears Proposal to Convert GSTN into Govt Entity
The proposal to convert GSTN into 100 per cent government-owned company was earlier approved by the all-powerful GST Council.
Bad Debts on a Decline, Loan Recovery Picking up: Arun Jaitley Credits IBC for Turnaround
Speaking to reporters after the annual review meet with top PSU bankers, Arun Jaitley said last several years had been challenging for public sector banks as a large amount of lending was held up in NPAs.
DHFL Shares Bounce Back, Rally 25 Percent on Sensex and Nifty
The DHFL stock, after a positive opening, further jumped 24.80 per cent to Rs 438.75 on BSE. On NSE, shares of the company zoomed 24.98 per cent to Rs 438.15.
SEBI Relaxes Foreign Fund Rules for Non-Residents
The Securities and Exchange Board of India said it accepted the recommendations by a panel it had set up to review the rules for foreign portfolio investments.
In Bid to Prop Up Rupee, RBI Eases Norms for Overseas Fund Raising
Following a review of the economy by Prime Minister Narendra Modi last week, the government announced an array of measures to check the decline of rupee and curb the widening current account deficit (CAD).
Merger Impact: Bank of Baroda Shares Tank Over 14%, Dena Bank Stock Soars 20%
Brokerages were not very hopeful about the prospects for Bank of Baroda on the merger with smaller rivals.
Rupee on Recovery Path, Ends at 1 Week High Against Dollar
Earlier on Friday, official data showed WPI-based inflation eased to a four-month low of 4.53 per cent in August.
