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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.

Sensex drops over 250 points; TCS down 2 per cent

The 30-share index pared some losses to trade 152.50 points, or 0.39 per cent, lower at 38,568.07.

9 July 2019 10:13 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Rupee falls 18 paise against dollar in early trade

Rupee is trading at 68.84 against the US currency, due to strong dollar demand from banks and importers.

9 July 2019 10:09 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil prices drop on signs global economy slowing amid trade disputes

Oil prices are being pressured by ongoing worries about demand as the US-China trade war.

9 July 2019 9:49 AM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

I-T dept working on issuing e-PAN on real-time basis

I-T department is working on a real-time PAN-TAN centre to further reduce the time required to allot PAN.

9 July 2019 8:36 AM IST

Finance Ministry

Govt to soon issue clarification on applicability of surcharge on...

FM Sitharaman proposed to increase surcharge from 15 pc to 25 pc on taxable income between Rs 2 cr and Rs 5 cr.

9 July 2019 8:30 AM IST

Mutual Funds suffer nearly Rs 1.60 lakh cr outflow in June: AMFI

The net outflows of mutual funds stood at Rs 1,59,814.40 crore in June.

9 July 2019 8:24 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Sell on rise as market enters correction phase

The broader market BSE Mid-Cap and Small-Cap indices followed the benchmark, cracking up to 2.46 per cent.

9 July 2019 3:40 AM IST

Reserve Bank of India (RBI)

RBI buys 5.6 t gold in April

The RBI started purchasing gold in small quantities from December 2017 after a gap of eight years.

9 July 2019 3:36 AM IST

Anyone can start buying mutual funds with sums as small as Rs 500. More conveniently, you can do this from home, without having to step into a branch or submit a single sheet of paper for your KYC.

Mutual funds get a helping hand from FM

Fund managers had no choice but to keep buying same shares at higher levels simply because more money was being brought...

9 July 2019 3:32 AM IST

Hemant Kanoria Chairman, Srei Infrastructure Finance Limited

Finance Minister has pressed several right buttons

The target investment figure of Rs 100 trillion for infrastructure over a five-year horizon will surely be encouraging...

9 July 2019 3:27 AM IST

Seventeen islands in Andamans have also been identified for holistic development that includes building infrastructure to promote tourism. (Photo: Representational/Pixabay)

Iconic Tourist Sites remain on paper

The last budget in February 2018 promised that 10 tourist sites will be developed into "iconic" tourist destinations.

9 July 2019 3:21 AM IST

The rupee fell against the dollar as the greenback strengthened post Fridays upbeat US non-farm payroll data.

Bonds rally on government's plan to tap global market

The domestic currency closed lower by 23 paise at 68.65 on Monday compared to previous trading day's closing of 68.42.

9 July 2019 3:14 AM IST