Business
Big Bang Mini-budget: Markets Celebrate as Government Slashes Corporate Tax Rate to 25.17%
Just months after presenting her maiden Budget that was hailed as "development-friendly" and "future-oriented", Sitharaman announced cutting corporate tax rate to 25.17% to bring them at par with other Asian countries such as China and South Korea.
Yes Bank Shares Bounce Back, Close Nearly 4% Higher
In terms of the traded volume, 259.92 lakh shares were traded on the BSE and over 39 crore units on the NSE during the day.
Royal Enfield Makers Eicher Motors Shares Jump 23.7% to Post Biggest Single-day Gain in 20 Years
At 11:59 am, shares of Eicher Motors, the maker of the Royal Enfield motorcycles, were trading at Rs 17,712.70, up 12.4%, after hitting an intra-day high of Rs 19,488.
Rupee Rises 27 Paise to 71.07 Against US Dollar in Early Trade
At the interbank foreign exchange the rupee opened at 71.19, then gained further ground and touched a high of 71.07, registering a rise of 27 paise over its previous close.
Tobacco Manufacturers Godfrey Phillips, ITC Fall Up to 3% After Rallying Post E-Cigarette Ban
In contrast, two other tobacco stocks continued to witness buying for the second consecutive day, with Golden Tobacco climbing 4.19 per cent and VST Industries 0.21 per cent.
Nalco Shares Gain Over 4% After Announcing Record Dividend of 115%
At its 38th annual general meeting (AGM), Nalco announced a dividend of 115% for financial year 2018-19 amounting to Rs 1,072.73 crore.
In Bid to Boost Honest Decision-Making, CVC Sets up Panel to Examine Bank Frauds over Rs 50 Cr
Finance Secretary Rajiv Kumar said this will enable bankers to take genuine and commercially prudent decision without fear.
How New EPF Interest Rate of 8.65% Stacks Up against Other Saving Schemes
The Public Provident Fund (PPF) currently fetches an annual interest rate of 7.9%. It has a term of 15 years, which can be extended indefinitely in blocks of 5 years.
Over 75% Indians Feel Working for One Employer for Entire Career is 'Old-fashioned': Survey
Twenty-five per cent Indians would want a second innings post-retirement in a career they love while the remaining seventy-five per cent believe in the notion of traditional retirement, said the Pearson Global Survey.
Sensex, Nifty Slump 1.7% on Concerns over Crude Oil Prices, 10 Things to Know
The benchmark S&P BSE Sensex closed down 642 points, or 1.7%, at 36,481.09, while the Nifty 50 index fell 185.90 points, or 1.69%, to 10,817.60. Here are the 10 things you should about Tuesday’s selloff.
Strike Call Given by Officers' Union may Affect Normal Business at Branches, Says SBI
Four unions of officers of public sector banks have threatened to go on a two-day strike from September 26 to protest against the announced consolidation of 10 state-run lenders into four.
US Dollar Falls, Oil-exporter Currencies Rise After Attacks on Saudi Aramco
The safe-haven Japanese yen and Swiss franc both firmed. The yen rose 0.3% to 107.79 per dollar and the franc rose 0.4% to $0.9883. Gold jumped by 1%.
Rupee Tumbles 68 Paise to 71.60 Per US Dollar in Early Trade on Sharp Rise in Crude Prices
Forex traders said, market participants were concerned as the drone attack on Saudi Arabia's oil facilities has stroked fiscal slippage concerns.
Inflation under Control, Clear Signs of Revival in Factory Output, Says Finance Minister
Nirmala Sitharaman said that inspite of all worries on industrial production front in the fourth quarter of 2018-19, 'we see clear signs' of improvement up to July 2019.
Sensex Rallies 281 pts, Nifty Closes above 11k-mark
Top gainers in the Sensex pack included Vedanta, ICICI Bank, ONGC, Kotak Bank, Axis Bank, SBI, M&M, Infosys, PowerGrid, HCL Tech, NTPC, Bajaj Finance and Reliance Industries, rising up to 2.72 per cent.
Yamaha Signs 3-year Wage Settlement Pact with Chennai Plant Workers
The two-wheeler maker India Yamaha motor had faced massive labour unrest last year and has since been working to sign a wage settlement agreement.
