Business

In addition, 40 cases concerning imports from China have been initiated by the Directorate General of Anti-Dumping & Allied Duties, Nirmala Sitharaman said.

In quantity terms the export of the bovine meat declined from 15.03 lakh tons in 2014-15 to 13.3 lakh tons in 2016-17. Curiously, in 2015-16 exports were slightly lower in quantity terms (13.14 lakh tons) but higher in value terms at $4.06 billion.

Metal counters, including Hindustan Alumium, Nalco and Vedanta, witnessed intense buying, rising up to 6.17 per cent. Besides, auto, capital goods, teck, healthcare, IT and realty stocks were among the big gainers.

This is the first rate cut since October 2016 and the key lending rate is now at a 6-year low.

The Reserve Bank of India’s repurchase rate is the benchmark interest rate for the Indian economy and is tied to the money supply. All kinds of loans (car, home, student) are affected by a change in the repo rate.

Vivek Singh of Procam International, the promoter of Mumbai Marathon, announced that the diversified, USD 102-billion Tata Sons will helm the marathon for the next decade.

On November 8 last year, the government had scrapped high denomination currency notes of Rs 500 and Rs 1,000 which amounted to around 86 percent of the currency in circulation.

In exchange for an equity stake in Flipkart, eBay had made a cash investment of USD 500 million and sold its eBay.in business to Flipkart.

An insurance policy is made of two parts – investment and risk protection, GST is levied only on the risk factor part and not the investment part and therefore term plans will be influenced the most under GST.

The 30-share Sensex went down by 189.67 points, or 0.58per cent, to 32,193.63. Tha gauge had gained 155.03 points in the previous two sessions.

NTT Communications will invest USD 160 million in India to set up two additional data centres, which will become operational by April 2018.

Forex dealers said dollar strengthening against other currencies overseas as investors awaited a statement from the US central bank weighed on the rupee sentiment.

Due to steps taken by the government in 2016/17, SAIL could increase its domestic sales by 4 percent to 12.4 million tonnes in 2016/17, the minister said.

If an individual has taken education loan and is repaying it then he can claim a deduction on the Repayment of interest on the Education loan under section 80E of the Income Tax Act.

Former Infosys chairman N R Narayana Murthy had infamous run-ins with the current management led by Vishal Sikka over corporate governance issues.

The influx of foreign manufacturers is addressing some of India's weaknesses and enhancing its manufacturing ability, with Chinese companies also playing an important role in the process, an article in the Global Times said.