Sensex slightly in red ahead of major results

Mumbai (IANS) The Indian equity market traded in the red during the early trade on Monday ahead of key corporate earning results of ITC, Bharti Airtel, Hero MotoCorp and Axis Bank.

The performance of the sector heavy-weights will also be a…

Lacklustre festival season awaits India Inc, projections gloomy

New Delhi (IANS) A lackluster festival season is set to greet India Inc. this year. The impact of a widespread slowdown in the economy is starting to show in the balance sheets of Indian corporates.

To make matters worse, projections for the…

GST Council slashes tax on EVs and EV chargers

New Delhi (IANS) Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent effective August 1, 2019.

Govt in no hurry to float foreign currency bonds: CEA

Ahmedabad (IANS) Chief Economic Advisor to the Government, Krishnamurthy Subramanian, on Friday indicated that the government was not rushing into the idea of floating foreign currency sovereign bonds and "there is a deep thinking about the issue…

Sensex, Nifty opens flat

Mumbai (IANS) Sensex and Nifty opened on a flat note on Friday. Selling pressure was seen in sectors like metal, media and IT scrips during the early trade.

At 9.16 a.m., the Sensex traded 26.32 points lower at 37,804.66 from its Thursday's…

PNB returns to black with a bang, Q1 net at Rs 1,019 cr

New Delhi (IANS) Country's second-largest lender, the Punjab National Bank, on Friday reported a surprise profit of Rs 1,018.63 crore for the quarter ended June 30 on a big drop in provisioning for NPAs, thereby returning to black once again but…

Reliance Capital cuts its CP dues to nil, settles Rs 75 cr

Mumbai (IANS) The Anil Ambani-led Reliance Capital Ltd on Thursday said it has fully repaid its outstanding commercial paper (CP) of Rs 75 crore and cut its CP dues to zero.

In a statement, the company said it has repaid the CP outstanding…

Bill amending bankruptcy law tabled in Rajya Sabha

New Delhi (IANS) Seeking to fill up the gaps in corporate insolvency resolution framework, Finance Minister Nirmala Sitharaman on Wednesday tabled a bill to amend the Insolvency and Bankruptcy Code, 2016.

The proposed changes…

'Significant' outcome from ongoing resolution process: IL&FS

New Delhi (IANS) Crisis-ridden IL&FS on Wednesday said that its new board, headed by Uday Kotak, has taken key steps in resolving the over Rs 20,000 crore debt, which has resulted in "significant interim" outcome in the overall resolution…

Govt may close NTPC-SJVNL, IOC/BPCL-GAIL M&A deals in FY20

New Delhi (IANS) At least two PSU merger and acquisition deals would be concluded by the government in the current fiscal to reach closer to the higher disinvestment target of Rs 1,05,000 crore.

Top sources in the government said that the deal…