Business

The production drop will lead to a larger global sugar supply deficit in 2019-20 of 7.7 million tonnes, a development seen as crucial in reducing large stocks in some producing countries that have been pressuring international prices.

In domestic markets, the broader NSE Nifty <.NSEI> was up 0.55% at 11,907.50 while the benchmark BSE Sensex was 0.53% higher at 40,260.34.

Amazon, which is locked in a battle against Flipkart, had registered cumulative losses of over Rs 7,000 crore across various units in 2018-19. However, the fresh funding is indicative of Amazon's confidence in the Indian market.

The Prime Minister’s Office is reviewing existing structure of Long Term Capital Gains (LTCG) tax, the Securities Transaction Tax (STT) and Dividend Distribution Tax (DDT), sources said.

Maruti Suzuki, SBI, HDFC, Hero MotoCorp and Infosys to gained up to 2.55 per cent. On the other hand, Bharti Airtel, Vedanta, ONGC, RIL, Kotak Bank and Yes Bank shed up to 3.59 per cent.

At one point in time, Yes Bank's holding of Fortis had stood at 17 percent and the lender has been selling the same since the crisis engulfed the Religare group after the promoter brothers began to fight for control.

While announcing the massive tax giveaways to the tune of Rs 1.45 lakh crore, government had said companies would have to give up all existing tax exemptions to be eligible to move to the new regime.

Venugopal, who has previously served as the Chief Technology Officer at Flipkart Group firm Myntra, will facilitate prioritisation of technology investments and drive continued agility in decision-making.

The RBI only regulates and supervises their banking functions and thus has less control on management and carries out on-site inspections and off-site surveillance on them.

A Wipro statement said during the quarter ended September 30, 2019, the company concluded buyback of 323.1 million equity shares as approved earlier by the Board of Directors at their meeting on April 16, 2019.

Co-operative banking in India started in the early 20th century with the passing of Co-operative Societies Act in 1904 and later with The Co-operative Societies Act, 1912.

Huawei, which has a 28% global share of the telecoms equipment market, is closely engaging with India to clarify its stand on 5G solutions, network security and Chinese intelligence laws, said an official.

he Indian Railway Catering and Tourism Corporation (IRCTC) shares made a grand debut on bourses, rallying 118% over the issue price to hit a high of Rs 698.

The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors.

While industrial output growth increased to 6.9 per cent due to a pick-up in manufacturing and construction activities, the growth in agriculture and the services sector moderated to 2.9 and 7.5 per cent, respectively.

The 30-share index was trading 414.38 points, or 1.09 per cent, higher at 38,294.78 at 0940 hours. Similarly, the broader NSE Nifty jumped 116.15 points, or 1.03 per cent, to 11,350.70.