Wednesday, Apr 26, 2017 | Last Update : 10:55 PM IST

Economy

 Revenue Secretary Hasmukh Adhia

Adhia dismiss fears that GST will lead to a spurt in price

Revenue secretary said there are multiple points of taxation and hence possibility of sudden spurt in inflation is remote.

At the end of the five-day auction, nearly 60 per cent of the spectrum had remained unsold.

COAI for spectrum auction only in late-2018

Industry's ability to take on debt and generate healthy revenue is critical for the auction.

RBI Governor Urjit Patel. (Photo: PTI)

PSBs merger could help banking system: Patel

Patel said that divestment in public sector banks would have a positive role for the sector.

Maharashtra CM Devendra Fadnavis. (Photo: File)

Fadnavis asks banks to restart lending defaulting farmers

CM says many farmers have gone out of banking system after being unable to service their loans from banks.

Market

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Gold falls to Rs 28,693 per 10 grams in trade

Gold prices in global market sank 0.94 per cent to end at USD 1,264 an ounce

While the 50-share NSE Nifty has hit an all-time high, only eight of its constituents primarily from the financial services sector have managed to hit record levels till date.

Global cues push Nifty to new high

The Nifty scaled above the 9,300 level mark for the first time and closed the session at 9,306.60, gaining 88.65 points or 0.96 per cent.

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Sensex posts record high,Nifty ending above 9,300-mark

The 50-share Nifty soared 88.65 points, or 0.96 per cent, to reach its new lifetime closing high of 9,306.60.

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Nifty hits record high; rupee strengthens

RIL climbed 3.6 per cent to its highest since May 2008, making it biggest gainer on NSE.

Globally, gold prices fell 0.44 per cent to USD 1,270.40 an ounce in Singapore.

Gold falls for 2nd day, down Rs 50 per grams

Gold is trading at Rs 29,600 per 10 grams on the bullion market amid weak overseas trend and easing demand from local jewellers.

Companies

The company’s year-on-year revenue stood at Rs 15,033.8 crore, with an increase of 4.86 per cent compared to the last fiscal.

Wipro sees 7 per cent rise in consolidated net

Wipro expects revenues to be in the range of $1,915 million to $1,955 million for the quarter ending June 30, 2017.

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Aamby Valley Limited gets notice from income tax department

The department has issued a Rs 24,646 crore tax demand notice to Sahara Group's AVL

Shapoor Mistry

Shapoor Mistry quits as director of Indian Hotels Co

The company, however, did not disclose reasons for his resignation.

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BSNL to not withdraw prepaid value plans

BSNL has launched three new prepaid promotional tariff vouchers priced at Rs 349, Rs 334 and Rs 395.

Autos

Polo GT Sport has new exterior and interior updates such as glossy black spoiler, 16 inch alloy wheels and leatherette finished seat covers.

Volkswagen launches Polo GT Sport priced up to Rs 9.21 lakh

The limited edition, Polo GT Sport will be available across both petrol and diesel variants of Polo GT.

Range Rover Evoque.

JLR cuts prices of two models by up to Rs 4.08 lakh in India

JLR reduced price of Range Rover Evoque diesel by Rs 3.25 lakh to Rs 45.85 lakh from Rs 49.10 lakh earlier.

The cost of fitting iEGR technology will be just around Rs 20,000 per engine.

Over 10,000 units impacted by BS-III ban: Ashok Leyland

Auto firms saddled with a stock of over 8 lakh such vehicles valued up to Rs 20,000 crore.

 Let's have a look at it.

Hyundai Xcent facelift launched at Rs 5.38 lakh

A competitive price, design updates, additional features and a new diesel motor are the highlights of this facelift.

Mahindra has also equipped the infotainment system with a set of pre-loaded applications that include the likes of Gaana, BookMyShow, Zomato and Cricket Live.

Mahindra updates XUV500 with Android Auto

The touchscreen on the big Mahindra can now do a whole lot more.

In Other News

The secretary said even though under GST services will be taxed at 18 per cent from current 15 percent there is unlikely to be any increase in total tax incidence.

GST will help lower inflation, claims Hasmukh Adhia

These all taxes take the total incidence of tax on such a good to 32 per cent.

Mukesh Ambani

RIL regains No. 1 tag from TCS after 4 years

The shares of TCS rose just 0.77 per cent on Monday.

H-1B Visa, the industry body Nasscom refuted the allegations saying that only six of the top 20 H-1B Visa recipients were Indian companies in FY15. (Photo: File)

TCS, Infy account for 8.8 per cent H-1B visas

A Nasscom survey also found that the average wage for visa holders is over $82,000.

Pfizer currently has three early-stage drugs in the clinic aiming to block or reverse fat accumulation in the liver. (Representational Image)

Pharma firms eye Nash as next big thing

Estimates for the prevalence of NASH in nations with fatty diets range from 5 to 20 per cent.