Business

The S&P BSE Sensex declined 675.17 points, or 1.71%, to 38,838.22 at 1:58 pm, while the Nifty 50 was down 217.75 points, or 1.84%, to 11,593.40.

In February, the DPIIT and the CBDT gave a major relief to budding entrepreneurs by relaxing the definition of start-ups and allowing them to avail full angel tax concession on investments up to Rs 25 crore.

Public-private partnership (PPP) for railways in order to strengthen infrastructure was among the highlights of Union Finance Minister Nirmala Sitharaman's Budget speech.

Currently, the FDI policy allows 100% foreign investment in single-brand retail under the automatic route, but requires an investor to source 30% preferably from Micro, Small and Medium Enterprises (MSMEs), village and cottage industries, artisans and cra...

An amount of Rs 1.59 lakh crore has been allocated to the Railways which is 15 per cent higher than the allocation in the revised budget of 2018-19 which was Rs 1.48 lakh crore.

The move is aimed to encourage digital transactions as Finance Minister Nirmala Sitharaman suggested using online payment methods like BHIM, UPI, RTGS and NEFT.

Once finalised, the finance minister said the new law will be circulated among states, adding that it is being done to push for reforms to promote rental housing.

Introduced in 2012 by the then United Progressive Alliance (UPA) government, angel tax received widespread criticism from the start-ups community as some of them began receiving I-T notices for non-payment of dues.

Union Budget 2019: The BSE group ‘A’ stock of face value Rs 10 has touched a 52-week high of Rs 646.70 on 21 September 2018 and a 52-week low of Rs 442.10 on 29 January 2019.

The finance minister also said steps need to be taken to bring capital markets closer to the people and proposed raising the threshold for minimum public shareholding from 25 per cent to 35 per cent.

Union Budget 2019: The stock has climbed over 33% in the last one year compared with a 12% rise in the benchmark Nifty 50 index.

Union Budget 2019: Maruti Suzuki India reported total sales of 124,708 units in June 2019, as compared 144,981 units in June 2018, registering fall of 14%.

Finance minister Nirmala Sitharaman on Friday presented Union Budget 2019 for the financial year 2019-20.

IndiaMART InterMESH is an online marketplace for business products and services. Its Rs 475-crore IPO was subscribed 36.16 times during 24-26 June.

Union Budget 2019: The BSE group ‘A’ stock of face value Rs 2 has touched a 52-week high of Rs 1,606.70 on 28 May 2019 and a 52-week low of Rs 1,183.40 on 23 October 2018.

Union Budget 2019: The promoter holding in the company stood at 29.99%, while Institutions and Non-Institutions held 51.78% and 18.23%, respectively.