Markets

India's strategic drive for LNG source diversification gets a boost with US deal

Petronet LNG will invest $2.5 billion in Tellurian Petronet's Louisiana project under proposed tie-up concluded in the presence of Prime Minister Narendra Modi

Sep 23, 2019

Is Thomas Cook a casualty of Brexit uncertainty as lenders remain tightfisted?

Prolonged Brexit uncertainty is to partly blame for the failure of the world's oldest travel group to raise enough cash to service debt leading to bankruptcy.

Sep 23, 2019

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Markets today: Sensex surges over 1,000 points, Nifty crosses 11,650 mark

Financials were among the top gainers, with the Nifty banking index, which tracks both state-owned and private-sector lenders, rising up to 5.5%.

Sep 23, 2019

Will Sitharaman's tax tweak snare capital fleeing China over US trade war?

Finance Minister Nirmala Sitharaman's sweeping reforms slashing corporate tax rates to bring them at par with most South Asian and Southeast Asian nations are expected to trap investments headed even to low-tax destinations like Bangladesh and Vietnam.

Sep 21, 2019

Will US restore India's GSP status during Modi visit?

The GSP programme, which allowed duty-free entry for up to $5.6 billion worth of annual exports to the US, was removed for "lack of reciprocal market access" of US exports in the Indian market".

Sep 21, 2019

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

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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