Business
Gold Prices Surge Rs 259 to Rs 42,763 per 10 gm
On the Multi Commodity Exchange, gold contracts for April traded higher by Rs 259, or 0.61 per cent, to Rs 42,763 per 10 gram in a business turnover of 2,918 lots.
Sensex Tanks Nearly 400 Pts; Nifty Near 11,700
Top losers in the Sensex pack included Sun Pharma, Bharti Airtel, Tata Steel, Reliance Industries and HDFC shedding up to 2 per cent. On the other hand, HUL, Nestle India, PowerGrid and Asian Paints were trading with gains.
12.67 Lakh New Jobs Created in December, Over 10 Lakh Subscribe to EPF Scheme: ESIC Payroll Data
The latest data showed that during September 2017-December 2019, around 3.12 crore new subscribers joined the Employees' Provident Fund Scheme.
Sensex Tanks over 450 pts; Nifty Below 12K
In the previous session on Thursday, the Sensex settled 152.88 points, or 0.37 per cent, lower at 41,170.12, and Nifty slipped 45.05 points, or 0.37 per cent, to 12,080.85.
Six of Top-10 Companies Lose Rs 29,487 Crore in M-cap; Bharti Airtel Top Laggard
Bharti Airtel's valuation tumbled Rs 10,692.9 crore to reach Rs 2,97,600.65 crore. The m-cap of TCS plummeted Rs 10,319.06 crore to Rs 8,09,126.71 crore and that of HDFC dropped by Rs 5,162.75 crore to Rs 4,10,062.89 crore.
Dewan Housing Chairman Wadhawan Gets Bail in Iqbal Mirchi Case
According to the ED, Wadhawan was instrumental in the laundering of huge amounts of money as part of an illegal deal with Mirchi, who died in 2013 in London.
Modi Govt Releases Rs 19,950 Crore GST Compensation to States, UTs
When the Goods and Services Tax (GST) came into force in July 2017, states, which lost powers to levy taxes such as VAT, were guaranteed to be compensated for any loss of revenue in the first five years of GST implementation.
India Now Fifth-Largest Global Economy After Surpassing UK And France, Says Report
The report also observed that India's service sector is the fast-growing sector in the world, accounting for 60 per cent of the economy and 28 per cent of the employment.
LIC Rebuffs Merger of LIC Housing Finance with Other Entity
LIC's statement came after reports suggested that the insurance behemoth is expediting the process of merging LICHFL with its bank arm, the IDBI bank.
As Airtel, Vodafone Bite the Bullet on AGR Payments, Brokerages Raise Red Flag
Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards statutory dues and will pay balance amount after self-assessment exercise.
RBI Board Recommends Aligning Accounting Year with Fiscal Year from 2020-21
The Central Board of Directors of the RBI at its 582nd meeting reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank.
Centre Benefited Telcos by Deferring Recovery of Dues: Congress
Congress leader Randeep Surjewala asked what is the quid pro quo for the Narendra Modi government to defer the recovery of dues from telecom companies.
Air India Sale Expected in First Half of Next Fiscal, Says DIPAM Secretary
During an interaction with financial sector experts to discuss the Union Budget, the Secretary also said disinvestment strategy has shifted from minority stake sale in public sector units to strategic sale, and a lot of privatisation would happen in the n...
Wockhardt Shares Plunge 8% after Rs 1,850-Crore Deal with Dr Reddy’s
Wockhardt shares closed the session at Rs 365 apiece, down 7.2%, after hitting the day’s low of Rs 361.65. Dr Reddy’s shares, meanwhile, closed marginally higher at Rs 3,201.25, up 0.31%.
Tax Refund Scheme Among Steps Taken by Govt to Boost Exports, Says Nirmala Sitharaman
The finance minister also said that in order to boost credit to export sectors, the RBI has enhanced the sanctioned limit to the eligible under priority lending norms.
In a First, Company Extends Medical Benefits to LGBTQ Employee's Domestic Partners
WeWork India, owned by realty firm Embassy Group, made the announcement on Tuesday.
