Sensex, Nifty flat ahead of Fed policy meet

Mumbai (IANS) The Sensex on Tuesday opened marginally higher ahead of the US Federal Reserve policy meet.

The two-day US Federal Reserve's monetary policy meeting is scheduled to begin on Tuesday.

At 9.44 a.m., the S&P BSE Sensex…

Investors abandon Jet Airways, shares crash 52%

Mumbai (IANS) Jet Airways shares lost over half of its value on Tuesday following its lenders' decision to initiate bankruptcy proceedings against the grounded airline.

Jet Airways stocks hit an intra-day low of Rs 32.25 per share, falling…

India-US trade tension grips markets, Sensex tanks by 490 pts

Mumbai (IANS) The Sensex lost nearly 500 points on Monday as investors feared a tit-for-tat trade battle between the US and India after the latter raised tariffs on 28 US items in retaliation to US tariffs.

The US had raised tariffs on Indian…

Vistara, GoAir launch summer offer

New Delhi (IANS) Local carriers Vistara and GoAir on Monday launched sale of tickets offering an attractive deal for flyers. Many popular destinations such as Goa, Kolkata and Bengaluru are covered under the pre-monsoon sale.

While full-service…

New compounding rules make it difficult for tax evaders to get away

New Delhi (IANS) Tightening the screw on tax evaders, the revised guidelines issued by the Income Tax (I-T) Department have made serious offences under black money and benami laws "generally" non-compoundable.

This means that a person…

ADB approves Rs 1,650 cr infra projects in Tripura

Agartala (IANS) The Asian Development Bank (ADB) has approved projects for infrastructure development worth Rs 1,650 crore ($235 million) in seven of the eight district headquarter towns in Tripura, an official release said here on Sunday.

The…

Government reduces rate of ESI contribution from 6.5% to 4%

New Delhi (IANS) The government has decided to reduce the rate of contribution under the ESI Act from 6.5 per cent to 4 per cent wth employers contribution being reduced from 4.75 to 3.25 per cent and that of employees from 1.75 to 0.75 per cent.

Japan to invest Rs 13,000 cr in various Northeast projects

Agartala (IANS) Japan has decided to invest Rs 13,000 crore (205.784 billion Yen) in several ongoing and new projects in different Northeastern states of India, an official release said here on Friday.

"After a meeting between Union Minister…

PWC observations baseless, unjustified: Reliance Capital

Mumbai (IANS) The Anil Ambani-led Reliance Capital Ltd on Thursday termed audit firm Price Waterhouse & Co's (PWC) observations as baseless and unjustified.

In a statement issued here, the company said: "PWC's observations…

Markets open in red: Sensex down 160 points

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

The Sensex of the BSE opened at 39,974.18, then touched a high of 39,982.10 and a low of 39,780.00. It is trading…