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LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.Business
Macro data, global factors key for markets in holiday-shortened week...

Investors would also monitor other key factors such as movement of rupee, crude oil and investment trend by overseas...

1 Sept 2019 6:15 PM IST

A priest held prayers in the defence ministers chamber before Nirmala Sitharaman assumed charge. (Photo: Twitter | ANI)Business
There will not be single job loss due to merger of banks: FM

I have very clearly underlined the fact that there shall not be one employee removed, said Finance Minister Nirmala...

1 Sept 2019 4:55 PM IST

Reacting on Gandhis reply in Supreme Court, Defence Minister Nirmala Sitharaman said, His credibility has taken a beating. (Photo: Twitter/ ANI)Business
Govt making all out effort to tackle economic situation: Nirmala...

I am meeting industries and taking their inputs, suggestions on what they would want and expect from govt, said FM.

1 Sept 2019 3:06 PM IST

Total Kharif area sown dropped by 17.67 per cent at 1,009.50 lakh hectares, primarily due to rice.Business
Lag in kharif sowing not cause for concern; will recover: Agri Min...

The area sown to most kharif crops will be recovered as sowing window is till September 15.

1 Sept 2019 12:58 PM IST

Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)Business
FPIs net sellers for second straight month, pull out Rs 5,920 cr in...

FPIs withdrew amount of Rs 17,592.28 crore from equities and pumped in a net sum of Rs 11,672.26 crore in debt segment.

1 Sept 2019 12:02 PM IST

Former prime minister Manmohan SinghBusiness
State of economy deeply worrying: Manmohan Singh

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a...

1 Sept 2019 11:07 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.Business
Bank employees stage protest against Centre's decision to merge PSU...

Employees of all public and private sector banks wore black badges to work as a mark of protest to the govt's decision.

31 Aug 2019 2:19 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.Business
Board to soon consider amalgamation with OBC, United Bank: PNB

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

31 Aug 2019 2:14 PM IST

US President Donald Trump speaks about a state of emergency from the Rose Garden of the White House in Washington, DC.Business
13 per cent companies will leave China 'in the fairly near future':...

A fresh set of tariffs are set to be imposed on Chinese products from September 1.

31 Aug 2019 1:54 PM IST

Currency experts have a bullish outlook for the rupee this week.Business
Govt to infuse Rs 55,250 cr for strengthening banks, push lending

Bank of Baroda will get Rs 7,000 crore, Indian Overseas Bank Rs 3,800 crore and Central Bank of India Rs 3,300 crore.

31 Aug 2019 12:34 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)Business
Banks merger reflects govt resolve to address economic slowdown: India...

Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.

31 Aug 2019 11:08 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.Business
2 pc TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept

If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash...

31 Aug 2019 10:58 AM IST

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