Business
New GST Filing Format, e-Invoicing to Help in Ease of Doing Business, Reporting for Taxes: GSTN CEO
The GSTN CEO said that in India, the aim is to make digitisation part of business process of taxpayers and eliminate all manual reporting.
Retail Inflation Inches Up to 7.59% in January on Back of Costlier Food Items, Shows Govt Data
The Consumer Price Index (CPI)-based retail inflation was 7.35% in December 2019 and 1.97% in January last year.
DMart, ITC, Coal India, BHEL, Bombay Dyeing Among Key Stocks in Focus Today
The benchmark BSE Sensex jumped 400 points, or 0.98%, to 41,379.66, while the Nifty 50 index was up 121.45 points, or 1.01%, to 12,152.95. DMart, ITC, Coal India, BHEL, Bombay Dyeing, Chalet Hotels and GMR Infra were among the key stocks in news.
Sensex Surges Over 400 Pts Led by Reliance Industries, ICICI & HDFC Banks; Nifty Reclaims 12,100
Tata Steel, Axis Bank, UltraTech Cement, SBI, IndusInd Bank, ITC and ICICI Bank were among the top gainers in the Sensex pack. On the other hand, TCS was the only stock trading in the red.
BSNL, Air India and MTNL Highest Loss-making PSUs in FY19, ONGC Most Profitable: Survey
The Public Enterprises Survey 2018-19, which maps the annual financial performance of all central PSUs, revealed that the top 10 companies in the red claimed a whopping 94.04 per cent of the total losses made by all the 70 loss making CPSEs during the yea...
Will RBI Cut Rates Today or Opt for Status Quo? Here's What Brokerages Expect
Kotak Securities expects CPI inflation to trend towards 6.2% by March 2020. It said even though the output gap remains negative and that any growth recovery is likely to be slow and prolonged.
Tata Motors Shares Advance 10% as New Product Line-up Unveiled at Auto Expo 2020
The company also brought back its Sierra brand of SUVs by showcasing its Sierra concept electric vehicle, which is again built on the ALFA platform.
India's Growth Projections Ambitious; GDP Expansion Likely at 4.9% in FY'20, 5.5% in FY'21: Moody's
The budget expects nominal GDP growth of 10 per cent in 2020-21, followed by 12.6 per cent and 12.8 per cent in FY2022 and 2023.
Sensex Skyrockets 917 Points to Settle Back to Pre-budget Level
Titan was the biggest gainer in the Sensex pack, rallying 7.97 per cent, followed by ITC, HDFC, Bajaj Finance, and Tata Steel. On the other hand, Bajaj Auto and HUL were on the losing side.
LIC Staff Union to Hold Walk-out Strike to Protest Against IPO
In the Union Budget announced on Saturday, Finance Minister announced that the government, which holds 100% stake in LIC, will sell a part of its holding through an IPO.
RBI to Come Out With Last Monetary Policy for FY20 on Thursday
The sixth bi-monthly monetary policy statement for 2019-20 would be the last one for the current financial year.
Godrej Properties Shares Increase 10% after Robust Q3 Results
Godrej Properties shares had tumbled 8% in the previous session itself after the Union Budget 2020 disappointment.
Union Budget 2020 Proposes to Levy 10% TDS on Capital Gains from Mutual Funds
TDS (tax deducted at source) will be applicable on income derived from specified mutual funds at the rate of 10% (if the income exceeds Rs 5,000).
Ashok Leyland Sales Down 40 Percent at 11,850 Units in January
Total domestic vehicles sales stood at 10,850 units in January against 18,533 units in the year-ago period, registering a decline of 41.4 per cent.
Gold Slides from Near Four-Week High on China's 'Band-Aid' Measures
Spot gold fell 0.6% to $1,579.73 per ounce by 0647 GMT, having earlier touched its highest since January 8 at $1,591.46. US gold futures shed 0.2% to $1,584.30.
Amazon CEO Jeff Bezos Sued for Defamation by Girlfriend's Brother Over Leak of Intimate Photos
In the lawsuit, Michael Sanchez claimed he suffered substantial harm as a result of Bezos' allegations, including an FBI raid at his residence in front of neighbours.
