Excise duty on most products has been capped at 12.5 per cent
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
Group is planning to reduce its dependence on power generation business by expanding in other areas
'The stimulus packages, sector reliefs, loans etc are coming to industry, but state governments have not got any money from GST, no money from excise, no money from any income source.'
Morgan Stanley says favourable factors will push Sensex to 32,500 level by December.
Price cuts post the November GST rate rationalisation helped improve volume growth for HUL, what pegged back sales for ITC is adverse social media rumours against Aashirvaad atta, its single-largest FMCG brand.
Finance Minister keen to ease business policies in India.
To begin, the Budget has no doubt attempted to address uncertainty.
From the stock perspective, though, even as all the 10 analysts polled by Bloomberg have a 'buy' recommendation on FRL, their target price of Rs 535 suggest most of the positives are already priced in.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
'The economy needed 3 or 4 major fixes. The major one was, of course, the direct tax structure, but we ended up complicating the existing convoluted tax structure,' says M R Venkatesh, chartered accountant and lawyer.
In the 2012-13, car sales in India fell 6.69 per cent, which was the first decline in a decade.
Indian Railway's sustenance, freight traffic, - which accounts for about 70 per cent of its revenue - has been plateauing of late.
Measures may include tax slab and rate revisions for individuals, companies.
The government will have to get projects moving.
Even if a company does not invest, it will improve liquidity of banks.
The outcome is beyond the market's expectation and will be a sentimental boost, say analysts.
Over the next four years corporate tax will come down by 5 per cent and lot of exemptions will get phased out.
FY16 saw the highest number of new product launches in a year from Maruti
As the Narendra Modi government nears completing a year in office, the Congress on Wednesday stepped up its offensive against the prime minister accusing him of weakening democracy by running a "one-man show" while scoring maximum on "arrogance" and minimum on governance.
A neutral Budget for media and entertainment sector.
'Considering that an Internet company's market value is largely determined by its direct access to consumers for digital services, and largely served outside a sovereign country's control, it would appear reasonable in trade terms to discuss fees for a seat at the proverbial 'table' of opportunities in the largest open consumer market,' argues Venki Nishtala.
Customs and excise duty rates have been amended mainly to promote Make in India.
The Budget sets out a comprehensive vision.
A clear message was that the ongoing seven-decade-old model of agriculture, based on extensive reliance on subsidy by the government at every stage, was not going to work, said NITI Aayog vice-chairman Rajiv Kumar.
'When I came here in 2002, I said you can grow at 8%.' 'And I was told that was crazy, and (now) here we are.'
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
The government is likely to name a successor to Rajan sometime this month
Indian economy was growing faster than the global average and all other major economies: FM
Defence outlay alone will jump 22 per cent
Also build a contingency fund equal to 9 to 12 months of expenses.
The prime minister sought to allay slowdown concerns saying the fundamentals of the economy are strong, with low inflation and a potential to boost exports.
Here's the full text of President Ram Nath Kovind's address to the nation on the eve of 72nd Republic Day.
Due to major policy reforms announced recently by the government, India is poised for good growth.
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
Modi said it is an outcome of India's consistent reforms trajectory that the country's position is getting credence globally and is being recognised by international bodies like the IMF, World Economic Forum and UNCTAD.
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
Addressing the nation on the 71st Independence Day from the ramparts of the historic Red Fort, he asserted that his government is committed to restoring the lost glory of Kashmir and its status as 'heaven on earth'.
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