Sunday, Jan 21, 2018 | Last Update : 03:51 PM IST

Economy

Over the past three months, crude oil prices have increased by about 28 per cent from USD 52.3 per barrel in August-end.

Govt under pressure to cut excise duty on auto fuels: Icra

Brent prices have jumped 40 per cent to around USD 67 per barrel this month from USD 48 in November 2016.

 India has been opposing discussions on new issues like e-commerce, SMEs, gender, investment at the World Trade Organisation. (Photo: Representational/PTI)

Commerce Secretary urges policy framework to address export financing woes

Availability of finance and export finance is constrained and hampers the competitiveness of India's exports.

Agency expects fiscal deficit in 2018-19 to be at 3.2 per cent, higher than 3 per cent stated in the medium-term fiscal policy statement.

India Ratings projects economic growth at 7.1 pc next fiscal

Ind-Ra expects retail and wholesale inflation to come in at 4.6 per cent and 4.4 per cent.

In the corresponding period of the last fiscal, I-T collections had been Rs 25,500 crore against a target of Rs 35,500 crore for 2016-17. (Photo: PTI)

I-T collection up 13 pc in Bengal and Sikkim in April-January

Target for 2017-18 is Rs 41,891 crore and the department has been able to collect 69 per cent of the target till now.

Value of transactions in December also jumped to Rs 13,144 crore from a mere Rs 1,568 crore in January, 2017.

NPCI's digital payments platform transactions jump in Dec

Transactions on UPI rose exponentially post July last year, when the number was 11.44 million.

Market

Domestic equity markets soaring to new highs and the dollar losing sheen against some other currencies overseas also supported the local unit.

Rupee up 5 paise against dollar in early trade

Rupee is trading at at 63.83 against dollar at Interbank forex market on sustained foreign capital inflows.

Bitcoin had soared almost 30-fold since the start of the year.

Bitcoin suffers fresh plunge, losing a third since start of week

Bitcoin dropped to $13,048 briefly from around $16,500 in late trading on Thursday

In December 2017 alone, gold imports rose to 70 tonnes from 49 tonnes in the year-ago period. (Photo: Pixabay)

India's gold imports up 53 per cent to 846 tonne

Global prices of gold remained lower between USD 1,200 per ounce and USD 1,300 per ounce.

All the sectoral indices, led by banking, FMCG and capital goods were trading in the positive zone with gains up to 1.92 per cent.

Sensex hits another peak of 35,476; Nifty at 10,887 mark

The 30-share index rallied by 394.88 points, or 1.12 per cent, to hit the peak of 35,476.70.

Companies

The project is for six laning of Davanagere-Haveri sector of NH-48.

Dilip Buildcon bags Rs 360 cr road project from Ircon

Shares of Dilip Buildcon were trading 1.14 per cent higher at Rs 947.65 apiece on BSE.

Net profit fell to 19.31 billion rupees in three months to December 31, from 21.10 billion rupees a year earlier.

Wipro posts third-quarter profit fall

Revenue from Wipro’s IT services segment rose marginally to 132.35 billion rupees.

Stock of the bank traded at Rs 1,641.80 a piece on BSE, down 0.51 per cent from previous close.

IndusInd Bank raises $500 million from overseas lenders

Private sector bank has concluded the syndicated term loan facility from a group of overseas investors.

On recharge of Rs 398, Idea offers unlimited voice calls including Local, STD and national roaming, 1 GB data per day, and 100 SMS daily, for a period of 70 days.

Idea offers cashback worth up to Rs 3,300 on Rs 398 and above

Idea's Magic Cashback offer is applicable for all its prepaid customers till February 10, 2018.

 Private sector bank had posted a net profit of Rs 3,865.33 crore in the October-December quarter of last fiscal. (Photo: YouTube)

HDFC Bank Q3 net rises 20.10 per cent to Rs 4,642.6 cr

Shares of HDFC Bank were trading at Rs 1,944.30, up 0.65 per cent, on the BSE.

Autos

R.C. Bhargava, Chairman, Maruti Suzuki India

Electric vehicles need to become affordable, says Maruti

People will adopt EVs more quickly if Centre incentivises it further.

Chakan-based manufacturer likely to launch a refreshed version of the Bajaj Avenger Street 150 and the all-new Bajaj RS 400.

Bajaj to launch two new motorcycles next month

The Rs 400 is likely to be based on the full-faired Pulsar SS 400 concept that was showcased at 2014 Auto Expo.

Under the offer, Audi A3 will be available at Rs 26.99 lakh against its list price of Rs 31.99 lakh and Audi A4 at Rs 33.99 lakh against earlier price of Rs 39.97 lakh.

Audi offers discounts of up to Rs 8.85 lakh

Customers also have additional advantage to buy their favourite Audi in 2017 and start paying in 2019.

The Captur now becomes the flagship car in Renault India’s line-up.

Renault Captur launched at Rs 9.99 lakh

Powering the Renault Captur is a 1.5-litre diesel engine which develops 110PS of power and 240Nm of torque.

In Other News

 Bill will be pushed for consideration and passage in the Lok Sabha and subsequently in the Rajya Sabha in 2018. (Photo: PTI)

Govt unlikely to slow down on labour reforms in 2018

The code also propose to hand over operation of social security schemes to state governments.

Israel PM Benjamin Netanyahu

Israeli PM: Innovation is future

He also stressed the need to remove barriers to competition and empower private enterprises to achieve higher growth.

Payment of Gratuity (Amendment) Bill, 2017 will be passed in the Budget session of Parliament, expected to begin by the end of this month. (Photo: PTI/Representational)

Tax free Rs 20 lakh gratuity for employees a reality soon

At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity.

It would be financed through market borrowings, private investments and central road fund. (Photo: PTI/Representational)

NHAI eyes only big bidders, say experts

According to Mr Ambani, only few standalone engineering procurement construction players may bid considering the size of the project.

Niti Aayog's new Vice-Chairman Rajiv Kumar (Photo: PTI)

Won’t be a populist Budget, says Niti VC

Kumar, however, opines that the Budget will mainly focus on improving the welfare of common man.