Equity indices open in red, Sensex down 170 points

Mumbai (IANS) The key Indian equity indices opened in the negative territory on Monday with the S&P BSE Sensex losing over 170 points.

All the sectoral indices on the BSE traded in the red except the IT and Teck stocks.
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Petrol, diesel see sharp price rise on Sunday

New Delhi (IANS) Transport fuel rates were hiked for the fifth time this month and saw their steepest rise on Sunday, amid global crude oil rates continuing to climb handsomely following the implementation of output cuts by oil producers…

RBI cautions government over NPA spike in MUDRA loans

New Delhi (IANS) The Reserve Bank of India (RBI) has raised a red flag on the spike in non-performing assets (NPAs) under the government's flagship scheme to support micro-enterprises in the country -- the Pradhan Mantri Mudra Yojana.

Sovereign gold bonds on sale at Rs 3,214: Government

New Delhi (IANS): A new series of sovereign gold bonds will be available at Rs 3,214 per gram between January 14 and January 18, the government said on Saturday.

Investors who apply and make payment online for the Sovereign Gold Bond Scheme…

Manufacturing decelerates India's November industrial output growth rate

New Delhi (IANS): Lower production in the manufacturing sector sharply decelerated India's industrial output growth rate to 0.5 per cent in November from a rise of 8.4 per cent in October and 8.5 per cent during the corresponding period of the…

RBI defers implementing last tranche of CCB

Mumbai (IANS): Reserve Bank of India (RBI) has deferred the implementation of the last tranche of capital conservation buffer (CCB) till March 31, 2020.

"It has been decided to defer the implementation of the last tranche of 0.625 per…

GST exemption threshold doubled, Kerala allowed to impose calamity cess

New Delhi (IANS): In a major relief for MSMEs and small businesses, the GST Council on Thursday doubled the exemption threshold from Rs 20 lakh to Rs 40 lakh and raised the limit for availing the composition scheme to Rs 1.5 crore from the present…

TCS net up 24 per cent in third quarter

Mumbai (IANS) Tata Consultancy Services (TCS) on Thursday reported Rs 8,121 crore consolidated net profit for the third quarter of fiscal 2018-19, registering a 24 per cent annual growth from Rs 6,545 crore in the same period a year ago.

India to retain status as fastest growing economy in 2019-20: World Bank

United Nations (IANS) Fuelled by policy reforms and rebound in credit, India's economy is forecast to expand by 7.5 per cent during the 2019-20 fiscal year and retain its position as the fastest growing major economy in a world of slowing…

Trade strike hits banks, government offices in Maharashtra

Mumbai (IANS) Most of the central government offices, banks, port trusts and other state government departments wore a deserted look on Tuesday as employees launched a two-day nationwide trade strike, a top organiser said here.