Category: Business News

Sensex crosses 31,000-mark, Nifty nears 9,600 level

Sensex crosses 31,000-mark, Nifty nears 9,600 level

Healthy buying in metal and automobile stocks, and a strong rupee took the Indian equity markets to a record high during the mid-afternoon trade session. The 30-scrip Sensitive Index (Sensex) of the BSE crossed the 31,000 mark for the first […]

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Solar juggernaut to keep rolling despite higher taxes

Solar juggernaut to keep rolling despite higher taxes

The government’s surprise announcement that solar photovoltaic cells and modules will attract a levy of 18 per cent under the Goods and Services Tax (GST) regime that comes into force on July 1 caught the industry unawares, but experts said […]

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Equity markets surge to new highs, banking stocks soar

Equity markets surge to new highs, banking stocks soar

The Indian equity markets were elevated to new high levels by positive global cues, expected reforms to deal with banking sector’s woes, and short-covering triggered on account of May futures and options (F&O) contracts expiry. Healthy rise in stock prices […]

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Equity markets surge to new highs, banking stocks soar

Equity markets surge to new highs, banking stocks soar

The Indian equity markets soared to new high levels as positive global cues, a strong rupee and healthy buying in banking, capital goods and automobile stocks lifted investors’ sentiments. According to market observers, short-covering triggered on account of May futures […]

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Telecom department closely watching impact of 18% GST on the sector: Manoj Sinha

Telecom department closely watching impact of 18% GST on the sector: Manoj Sinha

The telecom department is closely watching the impact of the proposed 18 per cent Goods and Services Tax (GST) on the industry, Communications Minister Manoj Sinha said here. “The sector was already paying 15 per cent tax. So there will […]

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Cabinet nod to raising bonds of Rs 2,360 cr for green energy

Cabinet nod to raising bonds of Rs 2,360 cr for green energy

The Union cabinet accorded its approval to raising bonds worth Rs 2,360 crore for development of renewable energy, an official said here. The bonds will be raised during the current financial year by the Ministry of New and Renewable Energy […]

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12% GST will boost real estate sector: NAREDCO

12% GST will boost real estate sector: NAREDCO

The GST regime will be a game changer for real estate sector and the 12 per cent GST on construction projects meant for sale to buyers will boost the sector, National Real Estate Development Council (NAREDCO) said. “The GST will […]

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‘India’s cost effective technology useful for Africa’

‘India’s cost effective technology useful for Africa’

India and Africa can have a sustainable partnership with India’s cost effective technology solutions proving useful for the latter that can help it in its development, Economic Affairs Secretary Shaktikanta Das said. “Indian economy is cost conscious. Any solution we […]

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S. Korea freezes rates in first meet under President Moon

S. Korea freezes rates in first meet under President Moon

South Korea’s central bank froze its benchmark interest rate at the record-low level in its first rate-setting meeting under the new government. Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members decided to keep the seven-day […]

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Key Indian equity market indices open higher

Key Indian equity market indices open higher

Taking a cue from global markets, the key Indian equity market indices opened higher. The Sensitive Index (Sensex) of the BSE, which had closed at 30,301.64 points, opened higher at 30,374.81 points. Minutes into trading, it was quoting at 30,386.61 […]

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