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Petrol, Diesel Prices Set To Fall Over Coronavirus Scare Hits Oil

Crude oil prices in the international market posted its worst week (24 Jan ending) since July over the fear of coronavirus outbreak across the globe affecting demand. Petrol and diesel prices in India have already fallen by up to Rs 1.5

25 Jan 2020 4:44 pm
Direct Tax Collection To Fall For First Time In 2 Years: Report

Direct tax mop up for the first time is likely to decline in around two decade's time. This shall be alongside a scenario when the country's economic growth has fallen sharply lower to six-year's low and cut in corporation taxes. {image-tax14-1579949427.jpg

25 Jan 2020 4:21 pm
ICICI Bank Posts A Massive Increase Of 158% In Q3 Net Profit

On Saturday, ICICI Bank posted a 158.32 percent increase in standalone profit at Rs 4,146 crore for the December ended quarter against Rs 1,605 crore seen in the same period of the previous year. During the quarter, the private lender

25 Jan 2020 3:23 pm
Indians Will Be Able To Apply For Schengen Visa 6 Months In Advance

Starting 2 February 2020, Indians travelling to Europe will be able to apply for a Schengen visa six months ahead of their proposed date of travel, an EU spokesperson said. At present, travellers can apply for Schengen visa a maximum of

25 Jan 2020 2:48 pm
20% TDS If Employee Does Not Shares PAN Or Aadhaar

The government has mandatorily asked employees who are subject to TDS deduction to produce their PAN or aadhaar or else face mandatory 20% deduction from their salary.In a recent circular relating to TDS deduction on salary, the CBDT has also included

25 Jan 2020 2:22 pm
Arogya Sanjeevani: Insurers To Start Offering Standard Health Insurance Before 1 April

In a circular dated 24 January, the Insurance Regulatory and Development Authority of India (IRDAI) said that insurers can start offering the Standard Health Insurance Product anytime before the deadline of 1 April. Earlier, to curb confusion on multiple health

25 Jan 2020 1:45 pm
Monetary Policy Has Limits In Pushing Growth Says Shaktikanta Das

Just a week ahead of the Union Budget 2020 which is to be presented on February 1, RBI governor Shaktikanta Das said that monetary policy has its own limitations and can to an extent only push structural reforms and growth.

25 Jan 2020 1:15 pm
Markets Next Week: Heightened Volatility Ahead Of Union Budget

The Sensex lost 0.8 per cent this week and broke the 2-week winning momentum. Some heavyweight stocks like Reliance Industries and HDFC Bank saw selling pressure, which pushed indices lower. However, the Sensex did hit a new record during the course

25 Jan 2020 11:33 am
Biocon Biologics To Come Out With IPO Issue

On Friday, Biocon Chairperson and MD Kiran Mazumdar Shaw told a leading business channel told Biocon Biologics is looking forward to garner as much as $200-300 million via an initial public offer in next 1.5-2 years time. Also, the

25 Jan 2020 10:39 am
4 Things The Stock Markets Are Looking For In The Union Budget

The Union Budget 2020, will be very important from a stock market perspective, as there are several things that investors would look for. Here are 4 things that they would keep an eye on. 1. Long Term Capital Gains (LTCG) Tax

25 Jan 2020 10:36 am
Budget 2020: Nomura Expects Indias Fiscal Deficit For FY20 Likely To Slip To 3.7%

Due to significantly lower nominal growth, a slowdown in tax revenue growth and lower than expected disinvestment proceeds, Nomura the government is likely to reveal a fall in fiscal deficit by around 0.4 percent to 3.7 percent for the current fiscal

25 Jan 2020 10:18 am
Biocon To Come Out With IPO Issue

On Friday, Biocon Chairperson and MD Kiran Mazumdar Shaw told a leading business channel told the company is looking forward to garner as much as $200-300 million via an initial public offer in next 1.5-2 years time. Also, the

24 Jan 2020 4:22 pm
Markets End Higher On Strong Global Cues; Yes Bank Jumps

Benchmark indices ended the day sharply higher led by strong global cues, particularly from Europe. The rally came following A World Health Organization (WHO) press conference at which the agency said that the Corona outbreak did not constitute a global public

24 Jan 2020 3:48 pm
IOC, HPCL To Ensure Market Share Offer Cashback On Digital Payments

As per the Business Standard report, two of the oil marketing companies amid the recent joint venture agreement between Reliance Industries and BP is offering discount on digital transactions at their petrol pumps. The JV between the two companies will be

24 Jan 2020 3:26 pm
23.46 Lakh Formal Jobs Were Created In India In Nov 2019: Govt Data

On Friday, the Ministry of Statistics & Programme Implementation released a press note on Employment Outlook of the country covering the period from September 2017 to November 2019. The payroll report was compiled from the information on the number of

24 Jan 2020 2:36 pm
PNB Housing Finance Slumps 12% On Decline In Q3 Net Profit

Shares of PNB Housing Finance fell as much as 11.8 percent to Rs 476.30 on Friday. On Thursday, the company reported a 22 percent year-on-year fall in net profit to Rs 237 crore for the December-ended quarter on lower disbursement and

24 Jan 2020 1:35 pm
Finance Ministry Mulls Stricter Norms For High Value Jewellery Transactions

As per the Business Standard report, the finance ministry is mulling to tightens norms in respect of high value jewellery transactions. Further as per sources, it has been proposed to link such transactions with Aadhaar, Pan or any other ID. Officials

24 Jan 2020 1:00 pm
Gold Price Today Sees Sharp Decline; Is It A Good Time To Buy?

On Friday, gold prices eased after the World Health Organisation (WHO) in a statement said that the China Coronavirus outbreak does not yet constitute an international emergency. Gold futures fell by 0.7 percent to Rs 40,005 per 10 grams on MCX.

24 Jan 2020 11:43 am
Yes Bank Shares Jump 12% In Two-days

Shares in Yes Bank have jumped 12 per cent in two days, following comments by SBI Chairman, that the bank would not be allowed to fail. Yes Bank is a significant player in the market with an almost $40 billion balance

24 Jan 2020 11:19 am
RBI And Centre Double Debt Investment Limit For FPIs

The RBI in consultation with the centre has doubled the investment limit in debt by foreign portfolio investors. This is to gain more investment in corporate and government debt. Post the rejig, the revised investment limit under the ‘voluntary retention route'

24 Jan 2020 9:47 am
Markets Trade Lower; Infy Falls On Reports Of Likely SEBI Probe

Benchmark indices were trading marginally lower, after a decent recovery on Thursday. Global markets were rather quiet, after bouts of volatility, following a global health scare from the Coronavirus. The Sensex was trading with losses of 84 points, while the Nifty

24 Jan 2020 9:29 am
Rupee Trades Lower At 70.32

Rupee trades lower at 70.32 versus its previous closing of 71.27 per dollar. In the bond market, yield on 10-year government bonds stood at 6.6%. Crude continues to slide on concerns over corona virus attack which is seen to

24 Jan 2020 9:09 am
SBI Chairman Kumar Says Some Solution Will Save Yes Bank

On Yes Bank's crisis which is on a long extended fund raising spree, SBI Chairman Rajnish Kumar told a leading news channel in Davos, I have a feeling that it will not be allowed to fail. Further he said some

23 Jan 2020 12:08 pm
Budget 2020: Finance Ministry To Start ArthShastri Campaign On 22 Jan

The finance ministry in a bid to make the budget more understandable by common man will unveil a social campaign called Arthshastri on January 22. As part of the common, the ministry will head on to explaining various budgetary terms through

21 Jan 2020 12:58 pm
SBI, Bank of Baroda, Canara Bank And Bank of India Get New MDs; Shares Surge

On Monday, the government appointed heads to four large public sector banks for a period of three years. The Appointments Committee of the Cabinet (ACC) approved the proposal of the Department of the Financial Services for the appointment of Challa Sreenivasulu

21 Jan 2020 9:48 am