Business
Saudi Aramco Gives the World Its First $2 Trillion Company. But For How Long?
Saudi Aramco is by far the most valuable company in the world, dwarfing runner up Apple, which is worth around $1.2 trillion.
Yes Bank, Piramal Enterprises and Bharti Airtel among key stocks in focus today
Yes Bank Ltd shares slumped by another 10% after the board said it was favourably considering Citax Holdings’ $500 million offer.
Onion Prices Remain High Across Major Cities, Average Rate Rs 100/kg, Highest Rs 165/kg in Panaji
The rates were as high as Rs 165 a kg in Panaji, while the average of 114 major cities in the country came to over Rs 100, according to official data available here.
NEFT Transactions to be Available Round-the-Clock from December 16
The RBI has asked the member banks to keep adequate liquidity in their current account with the regulator at all times to facilitate successful posting of NEFT batch settlements.
Hit by Moody's Downgrade Ratings, Yes Bank Shares Crash over 10% to Settle
Global ratings agency Moody's Investors Service on Thursday downgraded the ratings of the private sector lender, with a negative outlook, expressing concerns on its asset quality troubles and shrinking capital buffers.
Software Development, Mining, Printing Books Not to Qualify for Lower 15 Percent Corporate Tax Rate: FM
Nirmala Sitharaman was replying to a debate in the Rajya Sabha on the Taxation Laws (Amendment) Bill, 2019 that replaces the Taxation Laws (Amendment) Ordinance, 2019, promulgated on September 20, 2019, to cut the base corporate tax rate.
Gold Prices Fall by Rs 74, Silver Tumbles Rs 771
The precious metal had closed at Rs 39,059 per 10 gram in the previous trade.
RBI Monitoring NBFCs, Won't Allow Any Large Shadow Banks to Collapse, Says Governor Shaktikanta
He said the top-50 NBFCs are being regularly monitored by the RBI as it has a fairly good idea on which of the NBFCs are "vulnerable" and made it clear that "RBI will not allow any large NBFC to collapse."
Bharti Airtel, CSB Bank, SBI and TCS Among Key Stocks in Focus Today
State Bank of India (SBI) shares were trading flat after the board of the lender approved selling up to 8.25% stake in UTI AMC through IPO (initial public offering) by way of offer for sale.
Rupee Opens Flat at 71.53 Against US Dollar in Early Trade Ahead of RBI Policy Decision
Meanwhile, domestic bourses opened on a cautious note on Thursday with benchmark indices Sensex trading 28.93 points higher at 40,879.22 and Nifty up 7.15 points at 12,050.35.
Another Rate Cut Likely Today as Inflation, Prolonged Economic Slowdown Fuel Growth Concerns
Some economists have said the previous rate cuts — five successive cuts totaling to 135 basis points since February this year — have had little impact in terms of arresting India’s growth slowdown so another one would be rather futile.
Rupee Slips 12 Paise to 71.78 Against US Dollar in Early Trade
At the interbank foreign exchange, the rupee opened weak at 71.76 then fell to 71.78 against the US dollar, showing a decline of 12 paise over its previous closing.
Lok Sabha Passes Bill to Implement Corporate Tax Reduction
Taxation Laws (Amendment) Bill, 2019, will amend the Income Tax Act 1961 and the Finance (No 2) Act 2019.
Rupee Slips 4 Paise to 71.78 Against Against US Dollar in Early Trade Amid Economic Growth Concerns
India's GDP growth hit an over six-year low of 4.5 per cent in July-September 2019, dragged mainly by deceleration in manufacturing output and subdued farm sector activity, according to official data released on Friday.
GST Collection Crossed Rs 1 Lakh Crore in November, Says Finance Ministry
After two months of negative growth, the GST revenue witnessed an impressive recovery with a growth of 6 per cent in November 2019 over the November 2018 collections.
Aditya Birla Finance Becomes First Company to List Commercial Papers on Exchanges
The move comes after the exchanges — the BSE and the NSE — came out with a framework for listing of commercial papers (CPs), in a bid to broaden investors' participation in such securities.
