Big bang reform: Tax on companies cut by...

Big bang reform: Tax on companies cut by 10 per ce...

Under mounting pressures of an acute demand dearth, investment slowdown, six-year low economic growth and 45-year high unemployment rate, the Centre on Friday slashed corporate tax rates for companies by almost 10 per cent to 25.17 per cent. The fresh fiscal measures announced by finance minister Ni...

21 Sep 2019

Reduction of GST need of hour: Realty se...

Reduction of GST need of hour: Realty sector

The Government’s announcement to create Rs 20,000 crore stress fund for real estate sector has evoked mixed reactions from the real community in the city. The real estate industry in Hyderabad has been on an upswing for the past three to four years and the number of stalled projects is fewer w...

15 Sep 2019

Tax relief to SMEs | Small businesses ma...

Tax relief to SMEs | Small businesses may be exemp...

The Goods and Services (GST) Council may exempt small assessees from filing returns for FY18, reports BusinessLine. The Council, which will be meeting on September 20, will decide whether to grant an exemption only for 2017-18 or for 2018-19 as well, sources told the publication. Small businesses, o...

12 Sep 2019
Sensex drops over 100 points to slip bel...

Sensex drops over 100 points to slip below 37,000 ...

Domestic equity benchmark BSE #Sensex dropped over 100 points to fall below the 37,000 mark on Thursday tracking weak cues from other Asian markets amid concerns of a looming global economic slowdown. The 30-share index was trading 127.32 points, or 0.34 per cent, lower at 36,933.05. The broader Nif...

22 Aug 2019

RBI cuts key rate by 25 bps, changes neu...

RBI cuts key rate by 25 bps, changes neutral stanc...

The Reserve Bank of India (RBI) cutkey lending rates by another 25 basis points to 5.75 per cent on Thursday. In the second bi-monthly monetary policy of 2019-20 under Governor Shaktikanta Das, the six-member Monetary Policy Committee voted 4:2 in favour of the rate cut. The Monetary Policy Committe...

06 Jun 2019

India projected to grow at 7.5 per cent ...

India projected to grow at 7.5 per cent for three ...

India's economy is projected to grow at 7.5 per cent in the next three years, supported by robust investment and private consumption, the World Bank has forecast, in some good news to the new Indian government. The bank in its Global Economic Prospects relea-sed on Tuesday said India is estimated to...

06 Jun 2019
BPCL, HPCL take 25 pc stake each in IOC'...

BPCL, HPCL take 25 pc stake each in IOC's Rs 9,000...

Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have joined in the country's longest LPG pipeline project being laid by state-owned Indian OilCorporation(IOC) to cater to cooking fuel needs of a fourth of the country's population. BPCL and HPCL will take 25 per cent stake ea...

04 Jun 2019

Sensex jumps over 100 points; Nifty near...

Sensex jumps over 100 points; Nifty nears 11,900

The benchmark BSE Sensex jumped over 100 points in early trade on Monday driven by gains in banking stocks amid unabated foreign fund inflow. The 30-share index was trading 128.27 points, or 0.33 per cent, higher at 39,562.99. Similarly, the broader NSE Nifty spurted 28.75 points, or 0.24 per cent, ...

27 May 2019

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