Business

DAINIK NATION BUREAU Stock exchanges on Friday said they will immediately stop the trading of indices of Indian securities on foreign bourses as part of a joint effort to stymie migration of liquidity to overseas markets. The decision of the three exchanges — BSE, NSE and Metropolitan Stock Exchange of India (MSEI) — came after Sebi asked them to suspend ...

Stocks suffered heavy losses in opening trade with the BSE Sensex dropping below the 34,000- mark by slumping about 564 points and Nifty sinking over 1.6 per cent on widespread sell-off triggered by a rout in global equity markets. The BSE 30-share barometer dived 563.51 points, or 1.63 per cent, to 33,849.65, wiping out its gains of 330.45 points in ...

DAINIK NATION BUREAU Reserve Bank of India has kept the interest rate unchanged and lowered economic growth porjection to 6.6 percent for the year 2017-18. Market benchmark BSE Sensex was trading lower by about 69 points at 34,127.31 in late afternoon trade after the RBI kept its key policy rate unchanged and lowered economic growth projection for 2017-18. The central ...

DAINIK NATION BUREAU Idea Cellular said on Wednesday that it has suspended interconnect services with Aircel for non- payment of dues “despite several reminders”. Idea said it will restore interconnect services immediately after Aircel makes the payment, but did not specify the outstanding amount. “Idea Cellular has suspended interconnect services with Aircel Ltd, due to non-payment of dues,” Idea said ...

In another first, Indian Railways have introduced new General Conditions or Contracts (GCC) for Services to define the terms & conditions for contractors engaged in service contracts for non-operational areas such as Housekeeping, Facilities Management, Consultancy etc., as distinct from Works. Under the leadership of Union Minister of Railways & Coal, Shri Piyush Goyal the Ministry of Railways is committed ...

Benchmark Sensex plummeted 840 points on Friday — its biggest single-day fall in two-and-a-half years — while the NSE Nifty ended below the 10,800-mark as the post-Budget sell-off continued for the second straight day. The Budget 2018-19 presented on Thursday imposed long- term capital gains tax of 10 per cent on equities. Investors will also have to pay 10 per ...

Finance Minister Arun Jaitley delivered his Budget 2018 speech on Thursday, with the government focusing on the agricultural sector and farmers’ income. In his speech, Jaitley said Budget 2018 will focus on agriculture and rural economy, health, infra, senior citizens. He said structural reforms will help the Indian economy become the fifth largest in the world very soon. Union Budget ...

More than 100 employees and former staffers have become millionaires after India’s second largest startup company’s stock sale of 500 million rupees. About 200 employees working in the company have sold their own Optional Option (ESOP). Their cost is around 300 crores. After this, the company’s market valuation has risen. Employees of the company have been sold by selling these ...

DAINIK NATION BUREAU The Economic Survey paints as bright a picture for India’s short and medium term growth, while pointing out some pitfalls. Growth in the current fiscal would be quarter of a percentage point larger than the CSO’s advance estimate of 6.5%, owing to a pick-up in exports and the base effect from poor fourth quarter growth in Demonetisation-hit ...

Halting two months of decline, the GST collections gathered momentum in December, rising to Rs 86,703 crore. “Total revenue Collections under GST for the month of December 2017 (received in December 2017/January up to January 24, 2018) has been Rs 86,703 crores till January 24 2018,” the Finance Ministry said in a tweet. Total collections under the Goods and Services ...