Asia

FM Sitharaman announces steps to boost liquidity, demand

FM Sitharaman's liquidity drive gives the economy a booster shot of demand rise

Credit fairs by public sector banks will bring early festival cheer to consumers as corporate tax bonanza will put on steroids PM Modi's FDI push after Howdy Modi.

Sep 20, 2019

Sensex jumps over 1,800 points, Nifty goes past 11,000 after govt slashes corporate tax

The government has decided to not levy the enhanced surcharge introduced in the Budget on capital gain arising from the sale of equity shares in a company liable for securities transaction tax.

Sep 20, 2019

Sensex slumps 470 points, Nifty settles marginally above 10,700; Yes Bank down 15%

Selling activity was witnessed across sectors and the key indices remained in the red throughout the day. Stock-wise, Yes Bank lost the most, by over 15 per cent.

Sep 19, 2019

Kerala's Rs 250-million Green Bond move could wither in shadow of CAG audit row

Kerala government's denial of CAG audit for special purpose vehicle KIIFB could drive away NRI investors despite easing tax norms.

Sep 18, 2019

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Dalal Street nervous over oil; Sensex tanks 600 points, Nifty ends at 10,800

The global oil benchmark, Brent, was trading at $68 a barrel from its Friday's close of $60 prior to the attack on Saudi oil facilities during the weekend.

Sep 17, 2019

Petrol, diesel prices to rise by Rs 5-6 a litre: Experts

Oil prices, experts said, could spike in the next several days as a result of the attack on Saudi Aramco, the second-largest oil producer in the world.

Sep 17, 2019

Why do Houthi strikes in Saudi Arabia make Nirmala Sitharaman sweat?

If oil becomes more expensive, the current economic downturn can snowball into a full-blown crisis. India has little headroom to cushion the inflationary impact as Trump has turned off cheaper Iranian oil supplies

Sep 16, 2019

Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

The combination would help both exchanges compete better with rivals like ICE and CME from the United States.

Sep 11, 2019

Paytm, GST sale, India, iPhone 7, Google Pixel,

Paytm eyes core banking toehold amid talks with Rana Kapoor for Yes Bank stake

Co-founder Kapoor is seeking to exit Yes Bank by selling his and family's stake for Rs 2,000 crore; in talks with Paytm founder Vijay Shekhar Sharma.

Sep 11, 2019

Slowdown will not hit social sector spending: Nirmala Sitharaman

The minister said the government was yet to take a call on how it would use the surplus reserve of Rs 1.76 lakh crore it has received from the Reserve Bank of India.

Sep 7, 2019

What is driving Mukesh Ambani's pivot away from oil to lifestyle retail?

A recent $15-billion deal with Saudi Aramco has helped the world's largest refiner Reliance Industries deleverage the balance sheet and cut debt while freeing up resources to power diversification away from core petrochemical sector.

Sep 6, 2019

Rakesh Jhunjhunwala loses Rs 200 crore as market plunges more than 700 points

Discouraging economic data, trade war and tepid growth have created a negative sentiment among the investors, leading to huge selling on Dalal Street on Tuesday.

Sep 4, 2019

Nifty, Sensex slump 2% after dismal growth data

The broader NSE Nifty ended down 2.04% at 10,797.9, its biggest drop since July 8, while the benchmark BSE Sensex closed 2.06% lower at 36,562.91 in its worst day since October 11.

Sep 3, 2019