Business

The RBI governor said the government's decision to recapitalise state-run banks with another 700 billion rupees was a good step and privatisation of banks can be addressed later after seeing how the current measures play out.

Forex traders said strengthening of the greenback vis-a-vis other currencies overseas and foreign fund outflows weighed on the local unit.

The shortfall in oilseed production will force India to import as much as 16.1 million tonnes of edible oils in the new marketing year starting from Nov 1, up from this year's estimated 15 million tonnes, Patel said.

Infosys reported a net profit of Rs 3,802 crore for the June quarter, up 5.3% on a year-on-year basis, but down 6.8% compared with the previous quarter.

InterGlobe Aviation, which got listed in 2015, has come under intense regulatory scanner and there are indications of multiple violations of SEBI norms.

Citing the clauses in the Act, the regulator recently informed the Department of Telecom (DoT) that it is "constrained from offering any further comments" on the matter and the Centre now has to take a final call on the issue.

C Rangarajan said that policymakers must try hard to create the right climate for investments to come as private investment by both small and large companies have a bigger burden to bear.

The letter by co-founder Rakesh Gangwal highlighted that Rahul Bhatia had 'unusual controlling rights over IndiGo' and that a lack of 'diversity and paucity of independent directors may very well be at the root of why governance matters have taken such a...

Nirmala Sitharaman in the Budget for 2019-20 presented proposed to increase surcharge from 15 per cent to 25 per cent on taxable income between Rs 2-5 crore and from 15 per cent to 37 per cent for income above Rs 5 crore.

Outstanding loans fell 33.3 billion rupees ($486.79 million) to 96.49 trillion rupees in the two weeks ended June 21.

Overall, the allocation for the Ministry of Environment, Forests and Climate Change, Ministry of Earth Sciences and Ministry of Science and Technology is a meagre 0.64 per cent of the total budget.

Earlier, domestic corporations with an annual turnover of up to Rs 250 crore needed to pay 25% towards corporation tax and those with an annual turnover of over Rs 250 crore needed to pay 30% tax.

Currently the government charges Rs 7 per litre of SAED on both branded and un-branded petrol and Rs 1 per litre on diesel. Apart from this, Road and Infrastructure Cess of Rs 8 per litre is charged on both petrol and diesel.

There has been major increase in flagship programs such as Rashtriya Uchhatar Shiksha Abhiyan (RUSA) where budget allocation has been increased by 40 per cent from Rs 1,500 crore to Rs 2,100 crore.

Union Budget 2019: The BSE group ‘A’ stock of face value Rs 5 has touched a 52-week high of Rs 992 on 30 August 2018 and a 52-week low of Rs 598 on 16 May 2019.

Union Budget 2019: The BSE group ‘A’ stock of face value Rs 2 has touched a 52-week high of Rs 301.55 on 14 June 2019 and a 52-week low of Rs 191.44 on 29 June 2018.