Business
Lupin Launches Erectile Dysfunction Tablets in US, Stocks Fall
The company's product is the generic version of Pfizer Inc's Viagra tablets in the same strengths, Lupin said.
Sebi Relaxes Buyback Rules for Companies With Housing Finance, NBFC Arms
The notification comes after the board of Securities and Exchange Board of India (Sebi) approved norms in this regard in August. The repurchase of shares by listed companies is governed by the Buyback Regulations of Sebi as well as the Companies Act.
Rupee Slips 7 Paise to 70.63 Against US Dollar in Early Trade
Forex traders said increasing demand for the US dollar vis-a-vis other currencies overseas and rising crude oil prices weighed on the domestic unit.
Low-price Fast Fashion Giant Forever 21 Files for Bankruptcy, Will Close up to 178 Stores
The privately held company based in Los Angeles says it will close up to 178 stores. The company once had more than 800 stores in 57 countries.
Sensex Drops 167 Points; Metal, Auto Stocks Tumble
Top laggards in the Sensex pack were Vedanta, IndusInd Bank, Yes Bank, Tata Steel, ONGC, Tata Motors, Sun Pharma, M&M, TCS and Hero MotoCorp, dropping up to 5.39 per cent.
Rupee Reverses Early Losses as Crude Oil Prices Drop Over 1 Percent
India's oil import dependence is more than 80 per cent and any spike in crude oil prices weighs on the rupee due to forex outflows.
China's New Beijing Airport to Give Tough Competition to US Aviation Market: Report
The existing Beijing Capital International Airport already holds the title of the world’s second-largest airport by the number of passengers, as per the Airports Council International.
SpiceJet May Buy 100 Airbus Planes as Boeing 737 Max Remains Grounded: Report
SpiceJet chairman Ajay Singh said that the airline may buy a 'sizable' number of Airbus A321LR and XLR jets (longer-range variants of A321neo) to accommodate a planned expansion, though no decision has been made yet.
Market Ends Flat After 2-day Rally, Financial Stocks Check Rise
On the Sensex chart, major laggards were SBI, Axis Bank, L&T, Hero MotoCorp, Asian Paints, ONGC, Tata Steel and Bajaj Finance dropping up to 3.56 per cent.
Thomas Cook Collapse May Prevent High-spending International Tourists From Visiting India
Thomas Cook sends a lot of tourists to India from countries such as UK, Germany and France. These countries, where Thomas Cook has good presence, are the key source markets for India.
Govt Lost Chance to Strengthen Economy Five Years Ago, Says Economist Desarda
India's gross domestic product (GDP) growth slowed for the fifth consecutive quarter in April-June 2019 to 5 per cent, the lowest in six years.
Corporate Tax Cut, Relief in Buyback Tax: Nirmala Sitharaman's Surprise Announcements in a Nutshell
Nirmala Sitharaman's latest announcements are aimed at reviving private investment, seeking to lift growth from a six-year low that has sapped jobs.
Rupee Rallies 66 Paise to 70.68 Against US Dollar as FM Announces Slashed Corporate Tax Rate
In a major relief to foreign portfolio investors, FM Nirmala Sitharaman said Super-rich tax will not apply on capital gains arising from sale of any security including derivatives in hands of FPIs.
Govt Mulling Another Booster Dose to Reinvigorate Economy, FM to Announce New Measures Soon
The government announced a slew of measures in three dosages which include a special window for real estate, export incentives, bank consolidation and sops for micro, small and medium enterprises and the automobile sector.
Small Businesses May be Exempted from Filing Annual GST Returns for at Least a Year
According to a report in BusinessLine, the GST Council on September 20 will consider a proposal to exempt small businesses from filing annual return for not just 2017-18, but 2018-19 as well.
Apollo Hospitals Shares Erase Early Gains as Promoters Sell 3.6% Stake
Apollo Hospitals’ promoters are selling up to 5 million shares, or 3.6% stake, in the company at a floor price of Rs 1,450 per share, which is expected to fetch around Rs 725 crore.
