Sensex ends 240 points lower amid heightened India-Pakistan tension

Mumbai (IANS) Heightened geopolitical tensions in the sub-continent after India struck terrorist training camps in Pakistan dragged the domestic equity market lower on Tuesday.

However, the slide triggered a burst of value buying which was…

Sensex pares losses after knee-jerk reaction to IAF strike

Mumbai (IANS) Sensex trimmed major losses and was 100 points down in the Tuesday afternoon trade session, after it tanked over 500 points reacting to reports that the Indian Air Force (IAF) struck terrorist camps in Pakistan administered Kashmir.

No decision on taking Jet Airways to NCLT: SBI

Mumbai (IANS) The State Bank of India (SBI) on Monday said no decision has been taken on moving the National Company Law Tribunal (NCLT) to recover loans from private carrier Jet Airways and called media reports in this regard "speculative".

IL&FS accounts not to be declared NPAs, rules NCLAT

New Delhi (IANS) The National Company Law Appellate Tribunal (NCLAT) on Monday said the cash-strapped Infrastructure Leasing and Financial Services (IL&FS) and its group companies will not be declared as non-performing assets (NPA) without approval…

Sensex, Nifty opens higher; Realty stocks up 2%

Mumbai (IANS) The benchmark Sensex advanced over 100 points after opening in the green on Monday following optimism in the Asian markets amid signs of easing trade tension between the US and China.

The Sensex of the BSE opened at 35,983.80…

SBI mulling insolvency route via NCLT to recover Jet Airways loan

Mumbai (IANS) State-run State Bank of India (SBI) is looking at approaching the National Company Law Tribunal (NCLT) to recover its loans from private carrier Jet Airways, according to SBI officials.

By an overwhelming majority, shareholders…

GST on under-construction houses cut to 5%

New Delhi (IANS) The GST Council on Sunday lowered the tax on under-construction residential properties to 5 per cent from 12 per cent to boost the realty sector. The new rates will be implemented from April 1.

The council also reduced goods…

Kia Motors plant set to transform backward Anantapur district

Anantapur (Andhra Pradesh) (IANS) South Korean automobile giant Kia Motors' plant is set to transform Anantapur, one of the country's most backward districts.

The sprawling plant, which has come up over 536 acres of land…

Government's mega merger plan for general insurance firms hits fresh roadblock

New Delhi (IANS) The government's plans for the mega merger of three general insurance firms to create one large and strong entity seems to have hit a roadblock. The Department of Financial Services (DFS), which oversees the operations of state-owned…

SEBI bars commodity trading by Motilal Oswal, IIFL in NSEL scam

Mumbai (IANS) Market regulator Securities and Exchange Board of India (SEBI) has declared the commodity broking arms of Motilal Oswal and India Infoline (IIFL) as not "fit and proper", as part of the action taken in the NSEL case.

SEBI…