The sector employs around 1 million skilled and unskilled workers directly and indirectly and decline in exports is a major worry for participants in the value chain.
In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.
The Sensex ended down 251 points at 27,351 and the Nifty shed 65 points to close at 8,228.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
Maithripala Sirisena was considered so meek and self-effacing that he appeared no threat to anyone. What a mistake his rivals made!
The 30-share Sensex ended up 248 points at a record closing high of 27,346.
Office space leasing in the Delhi-NCR region jumped more than three-fold to nearly 1.5 million sq ft during the January-March period, mainly due to higher absorption by IT firms in Gurgaon.
India's balance of payments in negative territory.
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
The Supreme Court on Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time barred and be completed by March next year.
Narendra Modi is one of the least affluent ministers in the Union Cabinet.
In the World Bank's rankings on the "Ease of Doing Business" India stands at 139 out of 189 economies surveyed in 2014; its position has in fact dropped from 131 last year.
Mathematical problems can sometimes turn out to have real-world applications. This is true for the Riemann Hypothesis. Crypto-currency investors will heave a sigh of relief if the problem is unsolved since a proof could render their expertise obsolete, explains Devangshu Datta.
Under pressure from India and other countries, Switzerland has made key changes in its local laws governing assistance to foreign nations in their pursuit of black money allegedly stashed in Swiss banks.
Markets surged in late trades to snap five-day losing streak led by bank shares.
The taxman, said the party 'incorrectly disclosed the hawala money as voluntary donations'
Sensex in green, JSW climbs higher.
Institutions will wait till there is more clarity on Budget.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
The farming community expects much more substance from the government, Ajay Vir Jakhar.
Peasants from Maharashtra's drought-affected Beed district feel the government machinery and politicians are indifferent to their plight.
The gap between Nifty's price-earnings multiple and economic growth is at a 12-year high
There, however, has been an improvement in operating margins.
India has not been able to compete with countries such as Bangladesh and Vietnam.
'The three tycoons I deal with in the first chapter -- Ambani, Mallya and Adani -- in their own way represent the change that has come over India.' 'Of the three of them, Mallya is the most fun. He was terrific.' 'And I don't say that because I tell the story in the book of his golden toilet.'
Taxpayers might face several issues while filing returns this year.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
The BCCI made a surplus of Rs 111.83 crore in the last fiscal, a dip of over Rs 55 crore as compared to the previous one, said its Treasurer Anirudh Chaudhry. "In the year under consideration, the surplus of income over expenditure was Rs 111.83 crore as against Rs 166.87 crore in the earlier year," stated Chaudhry in his annual report for 2015-16.
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
Industrial production in May slowed to 2.7 per cent from 5.6 per cent a year ago, dragged down by manufacturing, strengthening the case for an RBI rate cut.
March requires 20% jump to meet year's goal; CBDT chief tells staff to sweat it out to meet target
For India to monetise gold, it is not the institutional depositor that policymakers must target but the average retail depositor.
Within two weeks of the speech, the prime minister flagged off the Pradhan Mantri Jan Dhan Yojana, and the day was marked by announcing its outcome on the very first day of its implementation.
It is very important to maintain your tax record even if you are not in the taxable income bracket as tax return papers are required when applying for a loan
In the same breath, the RPI-A leader said, "No one can challenge Prime Minister Narendra Modi -- neither Congress president Rahul Gandhi, nor SP chief Akhilesh Yadav, nor BSP supremo Mayawati."
The Delhi government had earlier threatened to impose the Essential Services Maintenance Act (ESMA) to ensure smooth functioning of the Metro and appealed to the employees not to resort to strike.
Many economists say only a substantial rise from October would point to a real recovery.
In a recent lecture, RBI governor Raghuram Rajan dished out some frank advice -- don't get into 'jugaad', instead try for the long haul. Only that will sustain in the long-run.
The number of infrastructure projects cleared by a monitoring group set up in the Cabinet Secretariat had increased consistently in the past year.
From the political maelstrom in Washington to the humanitarian disaster in Yemen to the deadly unrest along the Israel-Gaza border, photographers captured a world in turbulent transition.
