Business

August 31 was the last date to file income tax returns as tax dept said they won't extend the deadline beyond saturday.

Hong Kong Trade Development Council said that with a lot of concerns around the ongoing large-scale protest/unrest in Hong Kong and its possible impact on trade, we would like to assure that we have not seen any downtrend in business.

Britannia industries Ltd shares jumped 9.5% over the past one week as the company reported 6% revenue growth in the June quarter and hinted at taking a price hike at a time when other biscuit players are complaining of slowdown.

Global bond yields clung near record lows, while the inverse US yield curve, in which long-date yields are lower than their short-dated counterparts, stoked fears of a future recession.

At 10:35 am, shares of Sun Pharma were trading at Rs 425.60, up 3%, after hitting an intra-day high of Rs 431.65. The stock has corrected 33% in the last one year.

One can claim her/his income-tax refunds while filing ITR for that particular financial year. For the current assessment year 2019-20, the extended deadline for filing returns is 31 August 2019.

The rupee on Monday had declined by 36 paise to close below the 72 level against the US currency for the first time in nine months, hit by a 'flash crash' in global currencies due to uncertainty over the trade front.

After the second deadline on August 10, there were three bids, but one opted out while the another one did not qualify, leaving just one in the race. The decision to extend the deadline was taken by the lenders at a meeting of committee of creditors held...

Banking stocks may also get a boost from the Centre’s announcement of immediate recapitalisation of Rs 70,000 crore for public sector banks.

In a weak broader market, Reliance Industries Ltd (RIL), HDFC Bank, HDFC, Kotak Mahindra Bank, ICICI Bank and SBI were the other firms which witnessed a drop in their market capitalisation.

The Finance minister also announced steps for co-origination of loans by public sector banks (PSBs) jointly with non-banking finance companies (NBFCs).

The key benchmark indices Sensex and Nifty fell about 1.60 percent on Thursday, August 22, 2019, to close at their lowest level since February.

The fall is the lowest in eight months is possibly due to a block deal that saw 6.7% of the NBFC's shares exchanging hands at a discount.

A downturn in Asia's third-largest economy is denting sales of everything from cars to clothing, forcing companies to curtail production and raising hopes that the India government will unveil an economic stimulus to revive growth.

A report had said the Kolkata-based group having presence in cigarettes to hospitality and IT, is considering a bid to buy stake in the Coffee Day Enterprises that runs Cafe Coffee Day chain.

In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose Rs 50 each to Rs 38,820 and Rs 38,650 per 10 gram, respectively.