.jpg)
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
The Central Economic Intelligence Bureau, lead agency under Finance Ministry to gather and disseminate intelligence related to financial crimes, has traced illegal flow of money through Private Placement Programme, which involves offering of securities to select individuals or groups, upto 50 in numbers, official sources said.
Bank claims it wasn't quizzed by CBI, only financial information was sought.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
Yale University has issued a statement saying that Human Resource Development Minister Smriti Irani attended a weeklong programme and received a certificate from the university last year, along with several other lawmakers from India. George Joseph/Rediff.com reports from New York
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
A weak dollar against major world currencies supported the domestic unit.
A primer on tax you pay on your mutual fund gains
Rupee rebounds from one-week low, up 9 paise against dollar.
The rupee gained 28 paise on Thursday to close at 62.50.
Car maker Maruti is hoping to improve margins.
The simultaneous decline of several trade-related indicators should put policy makers on guard for a sharper slowdown.
Key relaxations traced in final regulations.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
The stubbornly high global crude oil prices are opening up a can of worms to heightened inflation risks and likely to disrupt government's fiscal maths along with deteriorating global financial conditions.
The rupee had eased by 2 paise to close at fresh 2-month low of 62.78.
A glance back at some of the important ups and down Indian Inc faced in 2018.
Traders said good dollar demand from importers including oil companies was seen at stronger rupee levels, limiting any further gains.
Indian retail investors continue to sell gold ETFs.
Forex dealers said besides the dollar's gains against other currencies overseas, increased demand from importers for the American unit put pressure on the rupee but a higher opening in the domestic equity market capped losses.
One category which stands out is fixed maturity plans due to its tax benefits, notes Prateek Mehta, CEO and company-co-founder, Upwardly.in.
The broader markets were firm with mid-caps and small-caps gaining 1-1.4 per cent on the BSE.
Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.
The mergers will not involve any cash but only share swaps
In dull trade, the rupee on Monday ended a mere two paise lower at 60.20 against the US dollar on weak local equities and imported-driven demand for the American currency.
Traders expect the rupee to remain wedged between the 59.60 and 60.50 levels in the absence of any key triggers in the near-term.
A study by second-hand car dealer CARS 24 showed 42 per cent of the consumer feel the need for a car to travel safely now. Those who used cabs to commute before the pandemic want to buy a car for the family and a two-wheeler for shorter runs.
Forex dealers said besides capital inflows, selling of the US currency supported the rupee but a lower opening in the domestic equity market and dollar's strength against other currencies overseas capped the gains.
On October 16, Nestl received the go-ahead to resume manufacturing Maggi.
The ballooning of crude prices has significantly increased the country's oil import bill and it can also lead to a worsening of the current account deficit and fiscal deficit for the domestic economy.
Murkumbi will continue to retain his post till the stipulated notice period of 90 days or completion of open offer by Wilmar, whichever is later.
'Everyone confuses GDP to be a measure of output, when it is actually a measure of income.'
The three main regulators have different approaches to grievance redressal and different standards to stop harmful from coming pitched at the consumer.
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
India' can't succeed unless it is made easier for people to do business.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
RBI's intention to keep its target inflation rate at 5% was the main reason behind keeping rates unchanged, says Adhil Shetty, CEO of BankBazaar.com.
At least 13 attempts were made earlier at modernising.
Gupta occasionally runs into his one time friend-turned foe Rajaratnam, also serving an 11-year prison term on insider trading charges in the same facility.
