Business
Sitharaman Should Give Tax Benefits to Common Man, Remove MAT in Budget: Experts
In the interim budget presented in February, the government had extended full tax rebate to those having an income of up to Rs 5 lakh without any change in the tax slabs.
Repo Rate Falls Below 6% for First Time in 9 Years as RBI Makes Third Cut to Boost Economy
Repo rate is the rate at which the RBI lends money to commercial banks, in case of any shortfall of funds. Consequently, reverse repo rate now stands at 5.50 per cent.
RBI Will Announce its Decision on Policy Rates Today, Know the Exact Time Here
Apart from discussions on policy rate decision, it would be interesting to hear to RBI’s take on the current economic slowdown India is facing.
India Likely to Grow at 7.5% in the Next Three Years, Says World Bank
The World Bank said that India's urban consumption was supported by a pickup in credit growth, whereas rural consumption was hindered by soft agricultural prices.
Nasdaq Confirms Correction, Bond Yields Fall Further
The Nasdaq ended the session more than 10% lower than its May 3 closing record, falling 1.6% on the day after regulatory fears sent shares of internet giants sharply lower.
Sensex Jumps Over 100 Points; NTPC, Tata Steel, Yes Bank Among Top Gainers
Top Sensex gainers include NTPC, Tata Steel, Yes Bank, SBI, PowerGrid, L&T, M&M, ITC, HDFC Bank, Maruti, Axis Bank, Infosys, HDFC twins and ICICI Bank, rising up to 4.53 per cent.
L&T Picks Up Mindtree Shares Worth Rs 316 Crore Between May 20-24
L&T acquired shares from the open market throughout the week with the highest quantum of shares being purchased on May 24 when it picked up nearly 25 lakh shares of Mindtree at Rs 980 apiece.
Sensex, Nifty Continue Rally For a Second Day; Rupee Trades Flat
Notably, the Sensex had surged 1,421.90 points, or 3.75%, to hit a record closing high of 39,352.67 on Monday, while the Nifty had risen 421.10 points, or 3.69%, to 11,828.25.
Rupee Records Biggest Gain in Two Months After Exit Poll Predicts BJP's Thumping Majority
Benchmark Sensex zoomed over 1,422 points and the NSE Nifty surged 421 points after most exit polls showed that the Narendra Modi-led NDA is returning to power with a thumping majority in the Lok Sabha elections 2019.
Markets Continue to Soar as Sensex Climbs 1,300 points; Nifty Touches 11,800 After Exit Polls Predict NDA Victory
The 30-share index was trading 1,341 points, or 3.54 per cent, higher at 39,271.77. In similar movement, the broader NSE Nifty soared 393.95 points, or 3.45 per cent, to 11,801.10.
Rupee Gains, Sensex Surges After Exit Polls Point to Sweeping Victory by BJP
Exits polls, following the mammoth seven-phase voting, showed Narendra Modi's National Democratic Alliance (NDA) projected to win between 339 and 365 seats in the 545-member lower house of parliament.
Employees Seek Financial Details of of Grounded Jet Airways to Raise Rs 4,917 Crore from Investors
The employee group comprises members of Society for Welfare of Indian Pilots (SWIP) and Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA), which wants to pursue options from a mix of both domestic and foreign investors.
Air India to be Allocated Grounded Jet Airways' Unused Foreign Traffic Rights
The public sector airline has also been promised over 5,000 seats on India-Qatar route besides about 4,600 additional seats to and from London following the re-allocation of grounded Jet's unused international traffic rights.
Jet Airways Shares Drop by 13% as SBI-led Lenders Fail to Find Investors
Etihad Airways offered to infuse equity to maintain 24% stake in Jet Airways, which had temporarily suspended flight operations due to liquidity crisis
Jet Airways Slumps After Reports of Etihad's Non-binding Offer
Jet, which owes vast sums to its lessors, pilots, fuel suppliers and other parties, stopped all flights from April 17 after its lenders refused to extend more funds to keep the carrier flying.
Sensex, Nifty Start on Choppy Note on Weak Global Cues
The 30-share index was trading 23.96 points, or 0.06 per cent, lower at 37,439.03. The broader NSE Nifty was also trading 7.85 points, or 0.07 per cent, down at 11,271.05.
