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The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

Rupee slips 23 paise against dollar in early trade

Rupee is trading at 71.66 against dollar amid rising crude oil prices and unabated foreign fund outflows.

20 Aug 2019 10:04 AM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Sensex rises over 100 points on positive global cues

The 30-share was trading 100.23 points or 0.27 per cent higher at 37,502.72.

20 Aug 2019 9:59 AM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL makes fresh default on Rs 1,571 crore bond repayments

The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore.

20 Aug 2019 9:36 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Corporate tax for large companies to be gradually cut to 25 pc:...

The ministry has decided to hold meetings of tax administrators across various Tier II cities in the country.

20 Aug 2019 8:43 AM IST

Businesses with annual turnover of 500 million rupees will not have to pay a merchant discount rate on debit card and other digital modes of transactions, excluding credit cards.

Visa critical of India's move towards no-fee debit card transactions

For debit cards, the fees are on average between 0.40 per cent and 0.80 per cent of the transaction amount.

20 Aug 2019 8:30 AM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Investors will look to global cues for direction

On the BSE, 1,268 shares rose and 1,212 shares fell. The BSE Mid-Cap index rose 0.20 per cent, while BSE Small-Cap index...

20 Aug 2019 7:47 AM IST

India started exporting umbrellas on a small scale, and has huge potential.

India has great potential to export umbrellas

Indian umbrellas are exported to a good number of African countries. But the scope is huge.

20 Aug 2019 7:44 AM IST

FMCG major Nestle India yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter

Nestle's lower rural biz comes to its rescue

The FMCG major reported a net sales growth of 11.35 per cent and increase of 10.83 per cent in net profit in the second...

20 Aug 2019 7:31 AM IST

Quarter on quarter aggregate revenue of BSE 500 companies saw de-growth of 3.7 per cent from Rs 22,61,772.8 crore in January-March 2019 quarter while profit after tax saw 19 per cent growth from Rs 1,18,940.3 crore.

India Inc reports a lacklustre Q1

Among the Nifty-50 companies the aggregate revenue growth was modest at 6.3 per cent while the PAT grew at 2.5 per cent.

20 Aug 2019 7:28 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

PE/VC infra deals this year beat 7-year total

The infrastructure has been witnessing the private equity and venture capital investments going up since 2012.

20 Aug 2019 7:24 AM IST

FHRAI says contracts signed by food apps with restaurants are one-sided.

Pressure mounts on food apps to reduce discounts

Last week, around 1,000 restaurants from across the country had decided to pull out of membership and restaurant...

20 Aug 2019 7:20 AM IST

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

FM says corporate tax for cos to be cut gradually

Corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 pc, said FM Nirmala...

19 Aug 2019 7:31 PM IST