Finance

Modi govt eyeing GST regime with a single slab, says Arun Jaitley

Maximum 28 per cent category a 'dying slab' as most items now moved to two middle slabs; priority to bring cement down to 18 per cent slab.

Dec 25, 2018

Global cues, derivatives expiry to chart stock market's course

Globally, concerns over a slowdown in international growth and the ongoing partial US government shutdown are expected to be major themes during the truncated weekly trade.

Dec 23, 2018

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Sensex falls nearly 700 points, Nifty cracks below 10,800 amid weak global cues

BSE Sensex settled 689.60 points or 1.89 percent lower at 35,742.07 after touching an intra-day high of 36,483.49 and a low of 35,694.74.

Dec 22, 2018

RBI's Rs 1 trillion bond buyback operations to inject more liquidity into economy

The central bank's open market operations will release Rs 500 billion into the banking system in December and another Rs 500 billion in January 2019.

Dec 19, 2018

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Global cues to dictate equity indices, rupee's trend

Last week's provisional data from exchanges showed that foreign institutional investors (FIIs) became net sellers, as they off-loaded a total of Rs 2,067.19 crore worth of shares.

Dec 16, 2018

RBI board meeting: 4 out of 11 banks may witness ease in lending restrictions

The central bank has taken an activist stance in its last meetings however, the newly appointed governor has adopted a more consultative approach while dealing with the issue.

Dec 16, 2018

RBI board seeks more discussion on governance under new boss

The governance issue was a key part of the board meeting's agenda as the government wanted to have a greater say in the bank's regulatory decisions through its board nominees.

Dec 15, 2018

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True North to buy majority stake in Max Bupa Health Insurance

The development will highlight the first exit by an Indian promoter in the domestic health insurance industry.

Dec 13, 2018

RBI governor Shaktikanta Das' MA History degree opens floodgates for Twitter memes

Netizens were quick to point out Das' highest educational degree was in M.A. History, unlike his predecessors who all had Ph.Ds in Economics.

Dec 12, 2018

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Who is Shaktikanta Das? Centre appoints new RBI governor following Urjit Patel's resignation

Das is taking over from Urjit Patel who stepped down from his post on Monday amid speculations of an ongoing rift between RBI and the Central government.

Dec 11, 2018

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RBI governor Urjit Patel's resignation could trigger FII outflow: Report

In December, the FII have sold over $31.67 million worth share. It is to be noted that last year registered a net outflow of FII investment of worth $4921.45 million.

Dec 11, 2018

Nissan ex-chairman Carlos Ghosn formally charged in financial misconduct case

Ghosn, 64, was arrested in Tokyo on November 19 for allegedly failing to report 5 billion yen ($44 million) of his salary to the authorities.

Dec 10, 2018

Global cues, political uncertainties suppress Indian equity indices

The key indices -- the S&P BSE Sensex and NSE Nifty50 - had a gap-down opening and subsequently shed over 600 points and 190 points or more than 1.60 per cent each.

Dec 10, 2018

FinMin extends deadline for filing GST annual returns till March 31

The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal was notified in September.

Dec 8, 2018

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Market volatility, tax rules force mutual funds to reassess conservative plans viability

ICICI Prudential discontinues accepting investments in its largest Balanced Advantage Plan as growth stagnates, tax burden drives away investors.