Indices come down from record highs; Sen...

Indices come down from record highs; Sensex slumps...

Benchmark indices took U-turn from record high levels touched during early trade on Tuesday, with the BSE Sensex tripping nearly 383 points and the NSE Nifty shedding over 119 points as investors hurried up to book profits. An intense selling was seen, barring initial hours, across sectors after mar...

21 May 2019

Sensex vaults 1,422 points as exit polls...

Sensex vaults 1,422 points as exit polls forecast ...

Benchmark Sensex zoomed over 1,422 points and the NSE Nifty surged 421 points on Monday after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections. The 30-share index ended 1,421.90 points, or 3.75 per cent, higher at 39,352....

20 May 2019

Sensex jumps over 800 points as exit pol...

Sensex jumps over 800 points as exit polls suggest...

The exit poll results, which have showed a winning of BJP-led NDA in the 17thLok Sabha elections, are expected to have positive impact on the Stock market. Exit poll trends will set the tone for the equity markets in the initial part of the week, while the final outcome of the general elections on M...

20 May 2019
Sensex soars 537 points; Nifty reclaims ...

Sensex soars 537 points; Nifty reclaims 11,400-mar...

The BSE Sensex soared 537 points and the NSE Nifty reclaimed the 11,400 level on Friday in a broad-based rally led by banking and auto stocks ahead of exit poll results, despite global headwinds. The 30-share BSE benchmark closed 537.29 points, or 1.44 per cent, higher at 37,930.77. It hit an intra-...

17 May 2019

L&T net profit rises 7% to Rs 3,418 cror...

L&T net profit rises 7% to Rs 3,418 crore in Q4 on...

Larsen & Toubro, India's largest construction and engineering company, reported net profit growthof 7 percent year-on-year to Rs 3,418 crore in the fourth quarter ended March 31 driven by strong revenue growth and operational performance. The net profit in the corresponding quarter of the previo...

10 May 2019

Sensex, Nifty turn choppy; HCL Tech rall...

Sensex, Nifty turn choppy; HCL Tech rallies 4 pc

Domestic equity benchmarks BSE Sensex and NSE Nifty were trading on a choppy note early Friday amid uncertainty over US-China trade deal and continued foreign fund outflow. After opening over 150 points higher, the 30-share index turned cautious and fell 17.32 points, or 0.15 per cent, to 37,541.59....

10 May 2019
RBI likely to cut rates again in June; n...

RBI likely to cut rates again in June; none therea...

The Reserve Bank of India (RBI) is likely to cut interest rates one more time in June before rising inflation pressures and elevated fiscal deficits leave little room for further accommodation in rest of the year, IHS Markit said on Wednesday. RBI had cut interest rate by 25 basis points each in Feb...

08 May 2019

RBI warned noteban's short-term impact; ...

RBI warned noteban's short-term impact; no effect ...

The RBI board, which included the present Governor Shaktikanta Das as a director, had warned of the short-term negative impact of demonetisation on the country's economic growth and observed that the unprecedented move will not have any material impact on tackling the black money menace. The board, ...

11 Mar 2019

Telangana: 7,500 institutions get Rs 50,...

Telangana: 7,500 institutions get Rs 50,000 crore ...

About 7,500 entities in the state, mainly hospitals and educational institutions run by trusts and claiming to be non-profit organisations, walk away with about Rs 50,000 crore in income-tax exemptions. They do this by seeking exemption under Section 10 (23C) of the I-T Act, 1967 under the head &lsq...

10 Mar 2019
RBI to transfer Rs 28,000 cr interim sur...

RBI to transfer Rs 28,000 cr interim surplus to go...

The Reserve Bank of India (RBI) in its board meeting on February 18 decided to transfer Rs 28,000 crore as interim dividend to the government for the period of July to December 2018. "Based on a limited audit review and after applying the extant economic capital framework, the Board decided to trans...

18 Feb 2019

CBDT Chairman Sushil Chandra appointed n...

CBDT Chairman Sushil Chandra appointed new Electio...

Central Board of Direct Taxes (CBDT) chairmanSushil Chandra has been appointed the new Election Commissioner of India (ECI). The development comes months before the country goes to polls. Joint Commissioner of Income Tax, Satya Pinisetty, on February 14 tweeted Chandra's appointment. View image on T...

14 Feb 2019