FY22 GDP growth seen at 10.5%: RBI Governor

Mumbai (IANS) After an estimated contraction in the current financial year, India's GDP is expected to grow at 10.5 per cent in FY2021-22, said RBI Governor Shaktikanta Das on Friday.

In a video statement after the Monetary Policy Committee's…

RBI to provide exemptions for FPI investments in defaulted bonds

Mumbai (IANS) In a bid to promote more investments by foreign portfolio investors (FPI), the Reserve Bank of India (RBI) has decided to extend exemptions to FPIs into defaulted corporate bonds.

FPIs in defaulted corporate bonds will be exempt…

Equity indices open in red, Sensex down 180 points

Mumbai(IANS) The key Indian equity indices opened on a negative note on Thursday with the BSE Sensex falling over 180 points.

Selling pressure was witnessed in banking, finance, IT, telecom and healthcare stocks, while auto, oil and gas and…

Big Bang: LIC IPO to lend sparkle to markets this Diwali

New Delhi (IANS) The much-anticipated IPO of public sector insurer Life Insurance Corp of India (LIC) may well lend more sparkle to the Indian stock markets this Diwali.

Speaking to IANS, Disinvestment Secretary Tuhin Kanta Pandey noted…

Sensex surges 600 points to claim new highs

Mumbai (IANS) The euphoric post-budget rally continued in the Indian stock market on Wednesday as the BSE Sensex surged over 600 points to trade above the 50,400 level.

It has touched an all-time high of 50,432.28 points.

Around 12.55…

Sensex reclaims 50,000 over Budget euphoria

Mumbai (IANS) Financial markets continued to surge on Tuesday morning with the BSE Sensex gaining over 1,400 points to reclaim the landmark 50,000-mark.

Investors continued to cheer the fact that the budget did not announce any additional burden…

Amazon, Flipkart, Microsoft to pay 2% extra tax now

New Delhi (IANS) The Confederation of All India Traders (CAIT) has welcomed the Budget proposal to impose 2 per cent extra tax on foreign e-commerce companies whether engaged in business of sale of goods or providing services, acceptance of offer…

Budget boosts bourses, Sensex rises over 1,000 points

Mumbai (IANS) India's key stock markets continued their bull run during Tuesday's mid-noon session with the S&P BSE Sensex gaining over 1,000 points.

Investors continued to cheer the fact that the budget did not announce any additional…

No rise in retail petrol/diesel prices despite new cess in Budget

New Delhi (IANS) The government on Monday imposed agriculture and infrastructure development cess at the rate of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel to mobilise additional resources required for massive investment required in these…

Budget is a progressive and comprehensive document: CAIT

New Delhi (IANS) The Confederation of All India Traders (CAIT) on Monday termed the Union Budget 2021 as a "progressive and comprehensive document".

"The Union Budget is a progressive and comprehensive document that ensures the structured development…