Indian economy to reach $3tn in current fiscal: Sitharaman

New Delhi (IANS) Presenting her first Union Budget, Finance Minister Nirmala Sitharaman on Friday said that India will become a $3 trillion economy in the financial year 2019-2020.

She also said that many structural changes are needed for the…

Sebi asked to look at hiking companies' minumum public shareholding

New Delhi (IANS) The government has asked market regulator Sebi to look at raising the minimum public shareholding level in listed companies to 35 per cent from the current 25 per cent, Finance Minister Nirmala Sitharaman said on Friday.

Presenting…

Gold industry groans under hike in import duty

Mumbai (IANS) The gold industry on Friday slammed the hike in import duty of gold from 10 per cent to 12.50 per cent, saying it will be counter-productive and hit the Indian retail market.

World Gold Council India Managing Director P.R. Somasundaram…

FDI inflow into services down 1.3% in last fiscal: Economic Survey

New Delhi (IANS) The Foreign Direct Investment (FDI) inflow into India's services sector was down by 1.3 per cent during 2018-19, according to the Economic Survey 2019.

FDI equity inflows into the services sector accounted for more than…

Markets open in red

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade and soon entered the negative range.

The Sensex of the BSE opened at 39,907.57, touched a high of 39,908.47 and…

Housing sales up 22% in Jan-June, launches dip: Report

New Delhi (IANS) Sale of residential apartments increased by 22 per cent on a year-on-year (YoY) basis during the first half of 2019, to 78,247 units across seven major cities in the country, said a JLL report.

During the January-June period…

Sensex ends 291 points higher on US-China trade truce

Mumbai (IANS) Indian markets, along with global stock markets, edged higher on Monday over signs of easing trade tension between the US and China.

The Sensex finished 291.86 points or 0.74 per cent higher at 39,686.50 while the Nifty gained…

Government banks on ETFs to sail through tough disinvestment target

New Delhi (IANS) The government will depend heavily on resource mobilisation by selling its stake in public sector banks through the newly launched financial sector ETFs.

Government sources said that ETFs have been saviour for government disinvestment…

Cochin Airport registers Rs 166 cr profit, proposes 27% dividend

Kochi (IANS) Cochin International Airport Ltd (CIAL) has registered a net profit of Rs 166.92 crore out of a turnover of Rs 650.34 crore during financial year 2018-19, up from Rs 553.41 crores in the previous fiscal, it was announced on Saturday.

SBI reveals names of 10 big 'wilful defaulters'

Mumbai (IANS) The State Bank of India on Friday revealed the names of 10 new big-ticket firms and their top officials and declared them as "wilful defaulters".

The firms include players from pharmaceuticals, gems and jewelry,…