Indirect tax reforms may help strengthen the Indian state and hence long-run growth.
No-frill Gulf carrier Air Arabia on Monday special holiday fares from India to Egypt, Greece, Turkey and Jordan for the up coming holiday season to attract woo domestic travellers.
'Somewhere, I have to be true to myself. At this point in life, I am more interested in human drama.'
Prices of the precious metal zoomed by Rs 260 to Rs 18,660 and ornaments by a similar margin to Rs 18,510 per ten grams.
Such criticism by China of a foreign government official, particularly of a major power like the US, is very unusual. It is clear that China will come under increasing pressure certainly till the US presidential elections are held, observes former senior RA&W officer and China expert Jayadeva Ranade.
Purnendu Maji and Srinivas Bhogle list IPL 2020's 50 Most Valuable Players after the league phase.
At least 15 villagers were killed and 19 injured on Monday in Balrampur district of Chhattisgarh, bordering Jharkhand, when their truck overturned.
Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the Reserve Bank of India. If RBI decides to increase the percent of this, the available amount with the banks comes down. RBI is using this method (increase of CRR rate), to drain out the excessive money from the banks.
Most of the hotels in the country, including the Indian ones that traditionally owned assets, have embarked upon an asset light model for a faster growth and quicker returns. Lemon Tree is likely to announce a deal with Keys Hotels in the next two weeks.
The broader NSE Nifty rose nearly 124 points to settle just below the psychological 11,000 level.
In the overseas market, the yellow-metal was trading higher amid bargain hunting.
In a statement, the world body said policy measures to stimulate Indian economy and a good harvest should support domestic demand. After last year's record of 9.2 per cent of GDP, the IMF said the capital inflows are expected to decline this fiscal year. Till December 2008 portfolio investment recorded a $11 billion outflow.
While 22 per cent of the promoters' stake in Ranbaxy was sold through an off-market transaction, the remaining came from a preferential share allotment. Daiichi Sankyo had earlier picked up more than 20 per cent of Ranbaxy's shares through an open offer. Ranbaxy Chairman and Managing Director Malvinder Mohan Singh said the remaining 12-13 per cent promoter shareholding will change hands in the coming weeks, thereby taking Daiichi's share in Ranbaxy to over 60 per cent.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices added 0.6% and 1.3%, respectively to touch their fresh lifetime highs.
The NSE Nifty ended at 4,525, down 8 points. The market breadth was marginally positive -- out of 2,850 stocks traded, 1,664 advanced while 1,130 declined.
The fourth phase of Lok Sabha elections began on Friday, covering seven constituencies in four states where over half-a-crore voters decide the fate of 74 candidates.
The country has recorded over 20,000 cases of the infection for the fourth consecutive day. India went past Russia on Sunday to become the third worst-hit nation by the COVID-19 pandemic.
Anil Ambani Group firm Reliance Communications said it has bought back foreign currency convertible bonds (FCCBs) worth Rs 121.22 crore (Rs 1.21 billion).
The Reserve Bank of India has cut the repo rate (at which it lends to the banks) by 525 basis points to 4.75 per cent from the pre-credit crunch level. Yet, companies continue to borrow much of their working capital at 12.25 per cent, which is State Bank of India's prime lending rate and a sort of benchmark. Nearly three-fourths of all working capital loans like cash credit and overdraft are lent at bank's prevailing PLR.
In the Sensex pack, Sun Pharma was the biggest gainer, rallying 4.48 per cent, followed by Bajaj Auto, Tata Motors, Coal India, Hero MotoCorp, Maruti and HCL Tech, rising up to 3.01 per cent. While, RIL, PowerGrid, HDFC, L&T, IndusInd Bank, NTPC and Bajaj Finance declined up to 1.50 per cent.
Andhra Pradesh Chief Minister N Kiran Kumar Reddy on Friday said he was not convinced about the bifurcation of the state and claimed that he has not changed his position on it.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
With this, deposits with a maturity of 181 days to less than one year will now carry an interest rate of 5.25 per cent against 5.75 per cent earlier.
Liberation Tigers of Tamil Eelam supremo Velupillai Prabhakaran was injured last month during an aerial raid by Sri Lankan Air Force jets, the government confirmed on Wednesday night.
590 cricketers -- including 370 Indian players and 220 overseas players -- will go under the hammer during the two-day mega auction in Bengaluru on February 12 and 13.
Mumbai crushed Uttar Pradesh by 243 runs to clinch the Ranji Trophy for the 38th time at the Rajiv Gandhi International Stadium in Uppal, Hyderabad on Friday. Chasing a mammoth 525 for victory, UP were bowled for 281 in their second innings with Mumbai pacer Dhawal Kulkarni claiming five for 76.
India's richest business houses would like to forget 2008 in a hurry. The market capitalisation of the top 20 business houses fell a whopping 65 per cent (Rs 16.73 lakh crore) over the previous year, courtesy the mayhem in the stock markets, performing far worse than the Bombay Stock Exchange's benchmark Sensex (down 52.5 per cent) and the broadbased BSE-500 index (down 58.3 per cent).
FMCG moves fast, while real estate yields ground and metals lose their lustre. The star of 2008 so far has been Hindustan Unilever; the multinational FMCG player has actually gained 20.45 per cent between January 1, 2008 and December 24, 2008.
Only Brazilian superstar Neymar Junior (0.68), Ali Ashfaq (0.68) of Maldives and Edin Dzeko (0.63) of Bosnia have a better strike rate then Chhetri.
The death toll due to the coronavirus infection rose to 7,466 and the cases mounted to 2,66,598 in the country.
SBI has been reeling under a mountain of bad loans for the past few years as the key sectors in the economy are faltering.
The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- declined from 52.5 in April to a three-month low of 51.6 in May.
Pulling the plug on inflated medical insurance claims, the Armed Forces Medical College, Pune has brought out a first-of-its-kind standard treatment guideline that specifies the average treatment cost for 35 common diseases.
23 of the DMK's 24 candidates are crorepatis!
Amid the crisis has risen an outpouring of empathy from ordinary people across India led by the civil society, who have stepped up to help migrant labourers, domestic helps, construction workers, and small scale workers who were left jobless because of the nationwide lockdown.
Four openers. Two middle order batsmen. Two leg-spinners. Three fast bowlers. Harish Kotian picks his IPL XI from the league stages.
James Blake will face defending champion Dmitry Tursunov next, as all top four seeds have advanced to the semis.
At a meeting held earlier on Thursday, the company's board has approved the buyback plan for purchasing shares worth up to Rs 1,100 crore (Rs 11 billion) that would come through internal resources. About a year ago, the company had sold its shares to the public for Rs 525 each in its IPO and the shares had soared to a life-time high of Rs 1,225 on January 15 this year.
Michael Phelps and Katie Hoff got the US Olympic trials off to a spectacular start with world records in the 400 metres individual medleys.
