Business

Fear of retrospective taxation has gone and the corporate tax rate will come down to 25 per cent, says Jaitley

The proposed pact seeks to open services sector and facilitate investment proposals. Inaugurating the International Conference on Smart Cities at the PHD Chamber of Commerce on Tuesday, Parrott said that Canada can help India in building some of the smart...

The 4G smartphones will enable customers to make Internet-based calls like voice over LTE (VoLTE), voice over Wi-Fi (VoWi-FI), high definition voice and high definition quality video calling on Jio network.

The company announced that its Executive Vice President and CFO Rajiv Bansal has resigned and will be replaced by MD Ranganath.

The dollar index was traded lower by 0.12 per cent against a basket of six currencies in the late afternoon trade.

The rupee also fell due to fresh demand for the dollar from importers, but a higher opening in equity markets capped the losses, they added.

This is the fourth reduction in rates in as many months.

Reliance Communications will also enter into a pact with Jio for trading and sharing of 4G mobile airwaves, said Anil, whose empire includes infrastructure and financial services companies. 4G typically offer customers faster internet browsing speed.

"Everyday, something or the other impacts the market. As policy planners, we can not really hedge our bets (on these factors)," Jaitley said.

While Modi will be in the US from September 23 to 28, Jinping will reach 3 days prior to him.

As per the global brokerage firm, the existing defence pension bill is likely to go up by Rs 10,000 crore, while arrears totalling Rs 12,000 crore will be paid over two years.

Brokers said buying at prevailing low levels amid a firming trend at some Asian markets provided support to the market.

The loss in the accounts of retail investors is estimated at about Rs 75,000 crore, while institutional investors also took a hit of about Rs 1 lakh crore.

Alarm bells rang across world markets on Monday as a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors.

Monday's fall of over 1,150 points is biggest since October 24, 2008.

BSE is among the world's ten largest exchanges in terms of market value, while it is the largest globally for number of firms listed on its platform.