Bajaj Finance was the top loser, tumbling 4.68 per cent, followed by Tech Mahindra, IndusInd Bank, ICICI Bank, SBI, Reliance Industries, Bharti Airtel and HCL Tech. NSE Nifty crashed 290.70 points or 2.43 per cent to 11,680.35.
Last month, Prime Minister Narendra Modi had said that the economy is showing "green shoots" as the country emerges from the coronavirus lockdown and underscored the importance of being focussed on both life and livelihood.
Gautam Adani, who is diversifying into many businesses, saw a 48 per cent rise in his wealth to Rs 1.40 lakh crore and moved up two places in rankings to being the fourth richest Indian. Hinduja Brothers and HCL's Shiv Nadar were ranked 2nd and 3rd. Wipro's Azim Premji slipped two places to fifth place.
Overall, Tata Steel becomes the seventh non-financial firm, including four oil PSUs to report quarterly revenues of Rs 50,000 crore.
GST collections in March touched a record high of over Rs 1.23 lakh crore, a 27 per cent growth over the year-ago period, the Finance Ministry said on Thursday. "GST revenues crossed above Rs 1 lakh crore mark at a stretch for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic," the ministry said. Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, income tax and customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue over last few months, it added.
A bench comprising Justices SK Kaul and MM Sundresh made these observations while quashing the FIRs against editors of a news web portal and others, in connection with articles published in West Bengal.
At least 41 people have tested positive for Covid-19 in Maharashtra, seven of them in Mumbai. A Mumbai resident died on Tuesday, becoming the first coronavirus-linked casualty in the state.
The Bombay high court on Wednesday granted interim protection from arrest to Bharatiya Janata Party leader Kirit Somaiya in a case of alleged misappropriation of funds collected in the name of saving the decommissioned naval aircraft carrier INS Vikrant.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
The notice was issued under Section 41 of the CrPC, a police official said.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Ahead of the start of the ninth season of the IPL, Rajneesh Gupta presents a detailed statistical analysis of the players involved.
After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The other three firms whose initial share-sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises and microcrystalline cellulose manufacturer Sigachi Industries. The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.
The figure, mentioned in his affidavit filed along with the nomination papers, is over five times the assets of his parents, which as per MP CM Nath's affidavit stood at over Rs 124 crore.
Diageo, under a share purchase agreement (SPA) with UBHL and various other sellers, had acquired 21,767,749 shares (14.98 per cent) in USL
Shaw continued from his unbeaten 240 from overnight and brought up his triple ton.
Singh, known for his hardline religious rhetoric, was suspended by the party following protests in Hyderabad against his comments leading to his arrest by the Telangana Police.
The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis. The ECLGS was the second-biggest component of Rs 21 lakh crore comprehensive package announced by Finance Minister Nirmala Sitharaman last week.
Investor wealth plummeted by nearly Rs 5 lakh crore in early trade on Monday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
The accused had purchased Bitcoins worth $1,000 but someone duped him, following which he lodged a complaint with the Federal Bureau of Investigation, an American intelligence and security service, but did not get a desired response.
HR Guru Mayank Rautela offers practical advice.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
At market close, the oil-to-telecom conglomerate's market capitalisation (m-cap) zoomed to Rs 10,01,555.42 crore on BSE.
However, the RBI declined to share details of action being taken on these fraud cases saying "it is not readily available".
This is thrice of what agencies seized during the 2014 Lok Sabha poll process, reports Archis Mohan.
Investors took the Yes Bank event negatively because it raises a question on the stability of the overall Indian financial system.
Gag orders have a "chilling effect" on the freedom of speech, the apex court said while refusing to accept the submission of the counsel representing Uttar Pradesh that Zubair be barred from tweeting when he is on bail.
GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as the Covid-19 lockdown that shut most businesses compounded tax collection woes in an already sluggish economy. Goods and Services Tax (GST) mop-up in March recorded a 8.4 per cent decline over March 2019 collection of Rs 1.06 lakh crore. The collections were lower on account of dip in revenues from domestic transactions as well as imports.
Suspended Bharatiya Janata Party spokesperson Nupur Sharma, in the eye of a storm over her remarks against Prophet Muhammad, Monday sought time to appear before the Maharashtra police to record her statement, while more than 300 people have been arrested in Uttar Pradesh in a crackdown on protesters who indulged in violence after the Friday prayers on June 10.
Tata Starbucks had hiked the base price of one its coffee variant after the GST Council cut tax rates on restaurants from 18 per cent to 5 per cent with effect from November 15, 2017.
TCS, HDFC Bank, Hindustan Unilever Limited (HUL), HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI closed the week with losses.
The benefit coming in from the Rs 1.45 lakh crore tax giveaways will also help companies to cut prices by up to 5 per cent to boost consumer demand, which has been sagging and is one of the prime reasons for the deepening slowdown.
On October 18, the tax department had said searches had led to detection of undisclosed income of more than Rs 500 crore in addition to Rs 93 crore worth seizures, including gold jewellery and diamonds. A revised appraisal of such seizures now pegs its value at Rs 106 crore which includes cash (Rs 45 crore), gold jewellery and diamonds (Rs 41 crore) and foreign currency Rs 20 crore.
Wife Nita, who joined the board as non-executive director in FY15, draws Rs 84 lakh
The wireless subscriber base has increased to 93.02 crore.
Regional political parties received a total of Rs 91.37 crore in donations in 2016-17.
Finance Minister P Chidambaram presented the Interim Budget for 2014-15 on Monday.
Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.
Among bank groups, PSBs, which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.
