sensex-trcm Featured National 

Nifty ends below 10,850, Sensex falls 239 points after IAF strikes

On Tuesday the BSE Sensex falls 239 points and Nifty ends below 10,850 points after it slipped in the morning trade on the back of Indian Air Force (IAF) strike early morning in Pakistan occupied Kashmir (PoK). About 930 shares have advanced, 1556 shares declined, and 144 shares are unchanged. Zee Entertainment, Tata Motors, TCS, Coal India and IOC, while losers were Indiabulls Housing, HDFC, ICICI Bank, HCL Tech and Infosys were the top gainers. Among the sectors, PSU bank, energy, infra, IT and FMCG witnessed selling pressure, while some buying was seen…

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Business Featured 

GST council reduces 5% on under-construction homes

The GST council on  Sunday reduces the tax rate of  5%  for under construction houses which is a big relief for the home buyers. The council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent and expanded the scope of affordable housing to those costing up to Rs 45 lakh and measuring 60 sq metre in metros and 90 sq metre in non-metro cities.  The Finance Minister Arun Jaitley said that the new tax rate wi be applicable from 1st  April 2019. Currently, the GST is…

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Business Featured 

Adani Group highest bidder for operating, developing five airports

The biggest global infrastructure players Adani Group has emerged the highest bidders for managing, operating as well as developing the facilities of five airports in the country. The government had put the airports on sale and invited bids from private players to operate them for 50 years. The  Adani group has pipped GMR Group, the leading airport developer and operator, to emerge the winner for becoming the concessionaire of the Airports Authority of India (AAI) managed airports in the country- Thiruvananthapuram, Mangaluru, Ahmedabad, Jaipur and Lucknow when the financial bids were opened in…

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Business Featured 

ICICI Bank :CBI issues look out circulars against Chanda Kochhar , Dhoot

The Central Bureau of Investigation (CBI) on Friday issued circulars against former ICICI Bank Managing Director & CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Managing Director Venugopal Dhoot in the ICICI Bank-Videocon corruption case. An FIR was registered last month for alleged corruption in six loans worth Rs 1,875 crore given to Videocon group during 2009-11. The Enforcement Directorate (ED) is extending the probe into possible forex rules violations. The Enforcement Directorate (ED) is also investigating into possible forex violations. The Enforcement Directorate also wants to investigate assets…

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ambani-trcm Featured National 

Anil Ambani Guilty Of Contempt; Pay Up Or Go To Jail: Says SC

The Supreme Court on Wednesday held Reliance Communication Chairman Anil Ambani and two more directors guilty of contempt of court in a petition filed by Ericsson India against him over non-payment of dues worth over Rs 550 crore. The other two directors who have been found guilty include Reliance Telecom Chairman Satish Seth and Reliance Infratel Chairperson Chhaya Virani. In its judgement, the Supreme Court said that Anil Ambani and the two directors had to pay Rs 453 crore to Swedish telecom maker Ericsson India in four weeks, failing which they…

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Business Featured 

Sachin Bansal Invests $92 Mn In Ola

Flipkart co-founder Sachin Bansal has committed more of his personal $1 billion-plus fortune towards Ola bringing his total personal investment in India’s largest cab-hailing service to roughly $92 million ( Rs 650 crore). Bansal, who reaped an exit of nearly $1 billion after selling his 5-6% stake in Flipkart during its $16-billion sale to Walmart, has invested in Ola in separate tranches over the past few months, as part of Ola’s Series J round. In January, Bansal had parked roughly $21 million ( Rs.150 crore) in Ola, which is aiming…

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Business Featured 

Sensex, Nifty decline ahead of IIP

On Tuesday domestic equities ended in the negative terrain for the fourth straight session. The BSE benchmark Sensex also falls over 200 points as investors intensified selling towards the fag end of the day, even as global cues remained positive. Investors sold heavily on reality, IT, FMCG and banking counters ahead of index of industrial production (IIP) data for December and consumer price inflation (CPI) numbers for January to be released later in the day. After opening on a positive note, the BSE Sensex advanced to hit an intraday high…

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Business Featured National 

PM Modi inaugrates Petrotech -2019

PM Modi on Monday inaugurated the PETROTECH – 2019 at India Expo Centre, Greater Noida, Uttar Pradesh. PETROTECH – 2019 is considered to be India’s flagship hydrocarbon conference. PETROTECH-2019, the 13th International Oil & Gas Conference & Exhibition is organised under the aegis of the Ministry of Petroleum & Natural Gas, Government of India. The three-day mega event will be held from 10 to 12 February 2019. PETROTECH-2019 will showcase the recent market and investor-friendly developments in India’s oil and gas sector. Over 95 Energy Ministers from partner countries and…

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SENSEX-TRCM Business Featured 

Sensex Rose 424 points; Tata Motors crashes 17%

On Friday BSE benchmark Sensex rose over 424 points led by a sharp selloff in metal and auto stocks amid negative cues from the global markets on renewed concerns over the US-China trade tiff. The 30-share index cracked 424.61 points, or 1.15%, to finish at 36,546.48, while the broader NSE Nifty fall 125.80 points or 1.14% to 10,943.60. Sudden selling in metal and auto counters led to a sharp drop at the fag end of the session, traders said. Tata Motors was the biggest loser on Sensex, cracking 17.93% after the…

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Featured National 

Tamil Nadu budget 2019-20: Here are the highlights

On Friday the deputy Chief Minister of Tamil Nadu O. Panneerselvam presented the State’s Budget for the Financial Year 2019-20 in the Tamil Nadu Assembly. Here is the few highlights of  Tamil Nadu budget: Comprehensive Integrated Parking Management project to be implemented in Chennai at a cost of Rs.2,000 crore to accommodate two lakh four wheelers and two lakh two wheelers. One Lakh Concrete houses will be built in the areas affected by Cyclone Gaja at a cost of Rs.1,700 Crore. The Budget proposes an Arts and Science College in the name of former president A…

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