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The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Business

Sensex reclaims 40,000 mark ahead of Budget

The 30-share index was trading 114.67 points, or 0.29 per cent, higher at 40,022.73.

5 July 2019 9:52 AM IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

Business

Banks see whopping 73 per cent spike in frauds at Rs 71,543 cr in FY19

Banks, on an average, report fraud loss of Rs 35,000 crore every year.

5 July 2019 9:39 AM IST

In Financial Year 2016-17, the mutual fund on an average has added about 6.19 lakh SIP accounts per month.

Business

Mutual funds' AUM rises over 4 pc to Rs 25.49 lakh crore in June...

The total asset base of the industry was Rs 23.04 lakh crore in the same period a year ago.

5 July 2019 9:18 AM IST

Business

India on upward growth trajectory, says Arun Jaitley

Economic Survey projected India's growth to rise to 7 pc in the current fiscal, from five-year low of 6.8 pc in 2018-19.

5 July 2019 9:14 AM IST

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

Business

NCLAT rejects Ruia's bid to block ArcelorMittal; approves bid for...

Essar Steel was auctioned under the new IBC to recover Rs 54,547 cr of unpaid dues of financial lenders and operational...

5 July 2019 9:09 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.

Business

12000 points remain a sturdy wall

The Nifty Index ended 30 points or 0.25 per cent higher at 11,946.75, while the Sensex closed at 39,908, up 68 points.

5 July 2019 3:05 AM IST

$Foreign portfolio investors are also seeking clarity behind \indirect transfer\ rules that could increase tax liabilities for overseas funds. (Representational Image)$ Business

Record low FPI investments via Participatory notes

The absolute value of ODI investments fell to a record low of Rs 78,110 crore in FY 2018-19 as against Rs 1,06,403 crore...

5 July 2019 3:03 AM IST

Private sector may be granted access to select databases for commercial use.

Business

Country should have data infrastructure

Government's mantra should be utilizing data of the people, by the people, for the people .

5 July 2019 2:04 AM IST

After touching an all-time low of 72.11 a dollar, the rupee finally closed the day at 71.99 a dollar, down 0.32 per cent from its Wednesdays close of 71.76.

Business

Rupee, bonds gain on fiscal discipline peg

At the interbank forex market, the rupee opened at 68.86/$ and advanced to a high of 68.49 during the day.

5 July 2019 2:00 AM IST

The other challenges are that thermal power plants still account for 80 per cent of all industrial emissions of particulate matter, sulphur and nitrous oxides in India.

Business

Green energy goal needs $80 billion

Halting coal-based utilities abruptly may lead to disaster, says survey.

5 July 2019 1:58 AM IST

The survey finds investment as the key driver that can create a self-sustaining virtuous cycle in India.

Business

Virtuous cycle of savings, investment & exports can drive GDP growth

The presence of a triggering macro-economic key driver that catalyses the economy into a virtuous cycle is critical.

5 July 2019 1:56 AM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

Business

Honour, privileges await top tax payers

The idea behind the initiative is to create exclusive membership to clubs that exude not only social status but also...

5 July 2019 1:54 AM IST