Business
Govt Likely to Roll Back Surcharge on FPIs: Sources
Finance Minister Nirmala Sitharaman had said this week that the government will soon hold discussions with representatives of foreign portfolio investors, amid continuing overseas fund outflow from the markets.
Rate-sensitive Stocks Mixed Despite RBI's 35 Basis Points Cut in Repo Rate
The BSE Realty Index was also trading higher by 0.5%. Stocks like Prestige Estates Projects Ltd jumped 3.5%, DLF Ltd gained 2% while Sobha Ltd was up 1.5%.
Gold Bond Scheme Series III Opens for Subscription Today: All You Should Know
The government has also decided to allow a discount of Rs 50 per gram from the issue price to investors who apply online and makes the payment through the digital mode.
India's Services Sector Activity Returns to Growth on Surging Orders: PMI
The IHS Markit India Services Business Activity Index rose to 53.8 in July from 49.6 in June, pointed to the quickest increase in output in one year.
India to Infuse Rs 10,000 Crore in Housing Finance Companies, Says Govt Statement
Finance Minister Nirmala Sitharaman is also scheduled to meet Indian bankers on August 5 to review credit growth in various sectors, the statement said.
Committee Headed by PM Selects Rajiv Kumar as the New Finance Secretary
Rajiv Kumar, a 1984 batch IAS officer of Jharkhand cadre, is credited with undertaking multiple reforms in the banking sector and providing a record amount of capital infusion in the public sector banks.
Coffee Day, Strides Pharma, Dr Reddy’s, Hero MotoCorp Key Stocks in Focus Today
Shares of Coffee Day Enterprises Ltd, the owner of India’s largest coffee chain Cafe Coffee Day (CCD), plunged 20% after the company’s founder VG Siddhartha went missing on Monday evening.
Indiabulls Housing, ICICI, Vodafone Idea, Vedanta Among Key Stocks in Focus Today
Among the key stocks in focus were Indiabulls Housing Finance, ICICI Bank, Vodafone Idea, Vedanta, Manpasand Beverages, Dr Reddy’s and Granules India among others. Read on to know more.
Vodafone Idea Loss at Rs 4,873.9 Crore in Q1
The company had reported Rs 4,881.9 crore loss during the fourth quarter of 2018-19.
Sensex Snaps 6-session Falling Streak, Yes Bank Soars 10%
Yes Bank was the top gainer in the Sensex pack, rallying 9.64 per cent. Bajaj Finance soared 7.20 per cent after the company posted its highest-ever quarterly consolidated net profit at Rs 1,195 crore for the June quarter.
India to Raise Significant Portion of Sovereign Overseas Borrowing Via 30-year Bonds
Finance Minister Nirmala Sitharaman announced that India was looking to raise around $10 billion via overseas foreign currency sovereign bonds in the current fiscal year, in a first-ever such issuance.
In Which Cases Withdrawals from EPF Accounts are Tax-free?
To ensure that employees stay invested in their EPF, withdrawals made after five successive years of contributions are completely tax-free.
Air India to Resume Flights on Delhi-Kabul, Lucknow-Najaf Routes as Pakistan Reopens Airspace
In March, Air India had suspended flights on the Lucknow-Najaf, Delhi-Amritsar-Birmingham and the Delhi-Kabul routes.
IndiGo's Parent Company InterGlobe Aviation Shares Up Nearly 4% After June Qtr Results
In terms of traded volume, 4.55 lakh shares of the company were traded on the BSE and over 78 lakh shares on the NSE during the day.
Kotak Mahindra Bank’s Q1 Earnings Today: Here’s What Brokerages Expect
Kotak Mahindra Bank stock fell over 3% in intra-day trade to Rs 1,448.80 on Monday ahead of the results announcement. The stock has risen over 12% in the last one year.
Rupee Snaps 3-day Losing Streak; Spurts 17 Paise to 68.80 vs USD
At the interbank foreign exchange market, the local unit opened on a firm footing at 68.78, and shuttled between a high of 68.74 and a low of 68.95 during the day.
