Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
Recently, Prime Minister Narendra Modi met over 40 CEOs across broad swathes of industry, ranging from makers of mobile devices, auto components, food products to telecom networking equipment and pharmaceuticals. The agenda: To discuss how to make India an integral part of the global supply chain. The focus of the discussion would be the much touted yet not so well understood production-linked incentive scheme (PLI), the centrepiece of the government's drive to massively boost the manufacturing sector. To do so, the government has created a war chest of over Rs 197,000 crore to be paid out as incentives to over 14 industries in five years. There are three objectives to the scheme, two explicitly stated, one implied.
Monetising online readership, a deeper focus on content and getting revenue from the reader are ways to make the business future-proof, observes Vanita Kohli-Khandekar.
Top gainers of the session included Bajaj Auto, Kotak Bank, M&M, Vedanta, IndusInd Bank, Asian Paints, HDFC Bank, Reliance Industries, HUL, HDFC, ITC, Tata Steel and Tata Motors, rallying up to 5 per cent.
England have major concerns about the planned tour to Bangladesh later this year, the team's limited-overs captain Eoin Morgan has said in the wake of Friday's attack by gunmen at an upmarket Dhaka restaurant that left 20 dead.
'Information highways are getting stronger and being strengthened.' 'Occasionally, accidents could occur. But do you stop constructing highways because two motor cars collide?'
The Rupee is 3.7 per cent undervalued on trade related basis.
The Economic Survey said that a number of indicators -- GDP, IIP, credit, investment and capacity utilisation, point to a deceleration in real activity since first quarter of 2016-17 and a further deceleration since the third quarter.
Rajeev Chandrasekhar discusses five issues pivotal for the success of Digital India
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market
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If we can come up with ways of sharing property rights on the internet, why not do something similar in urban spaces, asks Ajit Balakrishnan.
'I hope Rahul Gandhi's interventions in Parliament are not flashes in the pan and that he is in it for the long haul.'
With all its ups and downs, 2015 is now concluding. And the New Year will bring new expectations to all of us. So tell us your expectations from 2016:
Lionel Messi led Barcelona to a 3-1 win at home to Napoli for a 4-2 aggregate victory which took the club into the Champions League quarter-finals, where they face Bayern Munich.
At their medal ceremony, the players team sang the Russian anthem over the sound of the Olympic anthem at the Gangneung Hockey Centre despite being barred from having their flag raised or anthem played.
The S&P BSE Sensex has gained 149 points to open at 25,802.
There could be a strong incentive for tax payers to avoid the higher tax burden.
A data plan currently priced at Rs 100 should not cost more than Rs 34, if India has to make the Internet affordable for 80 per cent of its population.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
The shift from 'one country, one tax' to four tax rates could dilute possible gains on GDP, warns T N Ninan.
Dealers say foreign investors are now taking keen interest in lower-rated corporate bonds, too
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Climate change, air quality, nutrition, even connectivity are joining the political agenda, and it will force a shift in policies.
Before you go out and pick the perfect watch for you keep in mind that not all watches are the same and not every watch is good for every occasion. Find here to know more.
The market players were expecting that if long-term gains are taxed, the STT would go. But this has not happened, says Debashis Basu.
Why the Bihar defeat can be the best thing for him as PM, but only if he has the humility to read the writing on the wall, says Shekhar Gupta.
At the summit, the US is able to play the role of a bully.
News of all that's transpired on and off the football field
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
The combined share of customs and excise duties, service tax, and value-added tax in India's gross domestic product reached an all-time high of 10.5%.
The rally in most of these stocks is partly attributed to impressive financial performance.
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
Tesla, which produces the luxury Model S sedan and Model X sport utility vehicle, aims to become a high-volume automaker in a matter of years
This is the highest closing for both the indices since May 15.
A bright India provided hope for a brighter future but their dream ended in a heartbreak following a 1-2 defeat to Colombia in the FIFA Under-17 World Cup.
A well-established tax system would have a predictable buoyancy - how fast the collections grow as a proportion to the growth of the economy. But that is not the case with GST. It is still undergoing substantial changes as the government responds to structural as well as administrative glitches.
Rodriguez whipped Everton in front from the edge of the box, and Michael Keane and Calvert-Lewin ensured it was two wins from two in the Premier League so far this season.
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The benchmark has gained 2 per cent this week on continued hopes the incoming Narendra Modi government would unveil substantial economic reforms.
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