Business

The company said the move would increase the public's confidence in auditor independence and quality and will remove ambiguity.

Capital market plays a significant role in building the economy as it channelises domestic saving into long term financial assets, said Union Minister of State for Finance Anurag Thakur added.

At 10:26 am, the IRCTC stock was trading at Rs 1,571.15, up 11%, after hitting a record high of Rs 1,599 earlier in the session.

The 30-share BSE gauge settled 349.76 points, or 0.85 per cent, higher at 41,565.90. It hit an intra-day high of 41,671.86.

The 30-share BSE index was trading 331.04 points or 0.80 per cent higher at 41,547.18, and the broader NSE advanced 93.50 points, or 0.77 per cent, to 12,201.40.

The government has permitted 100 per cent FDI through automatic route in manufacturing of food products subject to sectoral rules and regulations. Also, 100 per cent FDI is allowed through government route in retail trade in respect of food products produ...

The central bank has invited comments on the draft framework from all stakeholders by February 25.

Finance Minister Amit Mitra proposed new subsidies and schemes for all sections, including free electricity for consumers with quarterly consumption of up to 75 units, and waived agricultural income tax for tea garden workers.

The 30-share BSE index was trading 171.90 points or 0.42 per cent lower at 40,969.95, and the broader NSE advanced 51.45 points, or 0.43 per cent, to 12,046.90.

Last month, the government put a ban on exports of all kinds of personal protection equipment, including clothing and masks used to protect people from air borne particles amidst outbreak of deadly novel coronavirus in China.

Last year, India was ranked at 36th position out of 50 countries. The US, the UK, Sweden, France and Germany remained the top five economies on the intellectual property index in 2019.

The Central Board of Direct Taxes (CBDT), which frames the policy for the Income Tax Department, on Tuesday wrote to all principal chief commissioners asking them to collate the data and send it to it by next week.

The US Justice Department has said that more than $ 4.5 billion was stolen from 1MDB by high-level officials and their associates between 2009 and 2015.

In the previous session, Sensex closed at 40,789.38, up 2.30 per cent or 917.07 points. This was the biggest single-day rise for the Sensex since September 23, 2019.

There are 13 unions in LIC, and employees and officers affiliated to 11 unions were on protest.

Economic Affairs Secretary Atanu Chakraborty said the Indian economy remains robust and more than meets the requirement of investment grade and above.