Business

Reliance Industries Ltd (RIL), HUL, ITC and Infosys were the other gainers, while HDFC Bank, HDFC, SBI, Kotak Mahindra Bank and ICICI Bank suffered losses in their valuation for the week ended on Friday.

Top gainers in the Sensex pack include ONGC, RIL, HCL Tech, Vedanta, HUL, Coal India, HDFC Bank, HDFC, TCS and Infosys, rising up to 2.39 per cent.

This is the third time in current fiscal that revenues from Goods and Services Tax (GST) have crossed Rs 1 lakh crore mark. In April and October too, the collections surpassed this milestone.

Overall, market mood was positive even as the government overshot the fiscal deficit target for the current financial year on the back of populist measures ahead of the general elections.

Two independent members of the National Statistical Commission had resigned this week after the government allegedly failed to publish the report that was prepared last month.

For public sector banks, capital is the key to revival and that remains their key demand from the government as it gets set to present the interim budget later this week.

The Finance ministry said the increase in GST mop up in January has been achieved despite various tax relief measures implemented by the GST Council.

During the day, the 30-share Sensex touched an intra-day high of 35,734.14 and dipped to a low of 35,375.51. It finally settled with a loss of 64.20 points, or 0.18 per cent, at 35,592.50.

In similar movement, the NSE Nifty lost 60.70 points, or 0.56 per cent, to 10,719.85. Besides weak corporate earnings for the third quarter, brokers said, uncertainties over the high-level trade talks between the US and China impacted the investors' senti...

The aviation ministry has also approved operation of seaplanes by SpiceJet and Turbo Aviation under the scheme.

The product branded as ‘Amul Camel Milk’ will be available in a 500 ml PET bottles priced at Rs 50, and needs to be refrigerated, as has a shelf life of three days, the dairy major said.

The stock rose 4.95 per cent to end at Rs 418.05 on BSE. During intra-day trade, it surged as much as 6.12 per cent to Rs 422.75.

The ongoing voluntary nationwide recall has been classified as Class-I. Such recalls are for dangerous or defective products that predictably could cause serious health problems.

The successful issuance demonstrates the strong niche investor base SBI has created for itself in offshore capital markets, allowing it to efficiently raise funds even during periods of heightened currency and rates volatility.

The government is considering a draft data security law that requires data centres for all companies be physically located within India

The automakers have found that Ghosn was paid by their Netherlands-based JV without the knowledge of the unit's two other directors - Nissan Motor CEO Hiroto Saikawa and Mitsubishi Motor CEO Osamu Masuko.