Tuesday, February 25, 2020
image
Browing Category

Business

Banks will have to pay if any telco files for bankruptcy — SBI Chairman

New Delhi, Feb. 15 (PTI): SBI Chairman Rajnish Kumar on Saturday said banks will “have to pay the price” in case any telecom firm files for bankruptcy, a day after the Supreme Court made it clear that telecom companies will have to pay th...

15 Feb 2020

Benchmark indices falter on dismal macro data; banks lead slide

Mumbai, Feb. 13 (PTI): Equity benchmarks retreated on Thursday as disappointing macroeconomic data and a sharp rise in the number of new coronavirus cases in China dampened investor sentiment. The BSE Sensex skidded 106.11 points or 0.26 per cent to ...

13 Feb 2020

India’s industrial output slipped by 0.3% in December

New Delhi, Feb. 12 (IANS): A decline in manufacturing activity contracted India’s December industrial output by 0.3 per cent from a rise of 1.82 per cent in November and 2.5 per cent during the corresponding period of the previous year. “The ‘Q...

12 Feb 2020

Economy not in trouble; green shoots visible — Sitharaman

New Delhi, Feb. 11 (PTI): Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoots are visible with the country moving towards a USD 5 trillion economy. Listing initiatives taken by the government, she said, ...

11 Feb 2020

Market falls for second day as coronavirus worries persist

Mumbai, Feb 10 (PTI): Indian equities fell for the second straight session on Monday in line with global markets that continued to reel under mounting death toll and economic damage from the deadly coronavirus. At close, the BSE Sensex was down 162.2...

10 Feb 2020

Govt. seeks to engage itself with businesses, industries — FM

Kolkata, Feb. 9 (PTI): Union Finance Minister Nirmala Sitharaman on Sunday said that the government wants continuous engagement with industries and businesses and will act as a facilitator for hassle-free payments of taxes. She was interacting with t...

09 Feb 2020

Auto sector slowdown to continue as demand unlikely to revive — Report

Mumbai, Feb. 9 (PTI): It is set to be a long haul for the auto sector that has already been riding through its worst slump in two decades, with demand, that has so far plunged 16 per cent, unlikely to pick up even next year, according to a report. Th...

09 Feb 2020

Govt plugging loopholes in GST with data analytics — FM

Chennai, Feb. 8 (IANS): Finance Minister Nirmala Sitharaman on Saturday said the Central government is plugging the loopholes in the Good and Services Tax (GST) with the use of technology and is working towards eight per cent growth rate. She also sa...

08 Feb 2020

Finance ministry expects at least 80 % of taxpayers to move to new tax regime

Mumbai, Feb. 7 (PTI): The finance ministry expects at least 80 per cent of the taxpayers to move to the new income tax regime, Revenue Secretary Ajay Bhushan Pandey said on Friday. The budget 2020-21 has introduced more tax slabs and offers higher li...

07 Feb 2020

Rupee slips 22 paise to 71.40 against USD on strong dollar demand

Mumbai, Feb. 7 (PTI): The rupee declined by 22 paise to settle at 71.40 against the US dollar on Friday amid selling in domestic equities and strengthening of the American currency overseas. Forex traders said the rupee traded weak largely owing to s...

07 Feb 2020

Modi says fundamentals of Indian economy strong

New Delhi, Feb. 6 (PTI): Prime Minister Narendra Modi on Thursday said the fundamentals of the Indian economy were strong and had inherent capability for higher growth rates. Replying to the debate in Rajya Sabha on a motion thanking the president fo...

06 Feb 2020

Sensex ends 163 pts higher after RBI policy; financial stocks rally

Mumbai, Feb. 6 (PTI): Rising for the fourth straight session, market benchmark Sensex ended 163 points higher on Thursday after the RBI left the policy rates unchanged but maintained its accommodative stance to boost growth. In the sixth bi-monthly m...

06 Feb 2020

Carmakers gear up for EV future in India

Greater Noida, Feb. 5 (IANS): With the world’s leading carmakers showcasing their latest electric vehicles (EVs) at the Auto Expo 2020, industry leaders have stressed on their own contribution towards building the EV ecosystem in the country as wel...

05 Feb 2020

New income tax rates will impact insurance agents’ incomes

Chennai, Feb. 4 (IANS): The proposed new income tax slab rates – a lower rate without any tax deductions – may put some money in the hands of taxpayers but would affect the agents selling life or general insurance policies and post office...

04 Feb 2020

Sensex, Nifty recover from budget despair as manufacturing data raise hopes

Mumbai, Feb. 3 (PTI): Stock markets recovered from the budget blues on Monday with the benchmark index Sensex closing higher by 137 points after a survey showed manufacturing activity soared to an eight-year high on new orders. The 30-share BSE Sense...

03 Feb 2020

New tax regime to definitely benefit taxpayers in some brackets — FM

New Delhi, Feb. 2 (PTI): With experts terming the new tax regime complex and unavailing, Finance Minister Nirmala Sitharaman on Sunday said the new structure will definitely benefit taxpayers in certain brackets, and more clarification will be issued...

02 Feb 2020

Fuel prices further reduced post Budget

New Delhi, Feb. 2 (IANS): A day after the Budget, petrol and diesel prices were further cut on Sunday as international crude oil markets got hammered due to slump in demand because of the coronavirus scare in China. The price of petrol was cut by 9 p...

02 Feb 2020

Union Budget 2020: Cuts in personal income tax; raises customs duty

New Delhi, Feb. 1 (PTI): Finance Minister Nirmala Sitharaman on Saturday announced cuts in personal income tax, extended tax benefits for affordable housing and gave relief to companies on payment of dividend in the Union Budget for 2020-21 as the go...

01 Feb 2020

GST portal problems face flak from filers, date extended by 3 days

New Delhi, Feb. 1 (IANS): Following a barrage of embarrassing complaints about the GST portal not working and lakhs of returns pending, the Central Board of Indirect Taxes and Customs (CBIC) has extended the dates for filing GSTR-9 and GSTR-9C forms ...

01 Feb 2020

Budget 2020: Sensex plummets 988 pts; Nifty below 11,700

Mumbai, Feb. 1 (PTI): The BSE Sensex plummeted 988 points on Saturday to close below the key 40,000-mark, led by an intense broad-based selloff after the Union Budget for 2020-21 failed to live up to market expectations. Experts said the Budget has b...

01 Feb 2020

Union Budget 2020-21 highlights from Nirmala Sitharaman speech

New Delhi, Feb. 1 (PTI): Following are the highlights from the Union Budget Speech 2020-21. Finance Minister Nirmala Sitharaman on Friday delivered her longest-ever union budget speech. It proposes a new income tax structure for individuals willing t...

01 Feb 2020

Markets struggle after WHO declares virus emergency

London, Jan. 31 (AFP): Stock markets struggled Friday after the World Health Organisation declared a global health emergency over China’s spreading deadly virus. With hours to go until Britain finally leaves the European Union, the London stock...

31 Jan 2020

Sensex drops 190 pts; Nifty ends below 12K

Mumbai, Jan. 31 (PTI): Market benchmark Sensex fell 190 points and the Nifty slumped below the 12,000 level on Friday after the Economic Survey suggested relaxing fiscal deficit target to revive growth. Witnessing a sharp decline at the fag end of th...

31 Jan 2020

Sensex skids 285 pts on F&O expiry; RIL slumps over 2 pc.

Mumbai, Jan. 30 (PTI): Equities resumed their downward spiral on Thursday as concerns over the China coronavirus outbreak sapped risk appetite amid expiry of January derivatives contracts. India on Thursday reported its first case of the novel corona...

30 Jan 2020

Slowdown woes: Budget to be presented in challenging circumstances

New Delhi, Jan. 30 (IANS): Union Budget 2020-21 could not have come at a worse time for the government, as the economy faces high inflation, along with subdued growth and low job creation. Accordingly, these factors make the Budget presentation a uni...

30 Jan 2020