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Sensex tanks 1,053 pts, investors lose Rs 8 lakh crore
Selling by FIIs due to reasons like high valuation and mixed...
Govt ropes in Deloitte for evaluating new 9 EDs of PSU gen insurance industry
At the end of the programme, Deloitte will give some grades to each...
Sensex, Nifty rebound as Middle East tensions appear to ease
The Sensex rose over 500 points to 41,204 while Nifty regained 12,150. Among the Sensex 30 stocks, IndusInd Bank, Bajaj Finance, UltraTech Cement, HDFC Bank, Tata Steel, Asian Paints, RIL, Axis Bank, HDFC and ICICI Bank were up between 1.5% and 2.5%.
LIC’s P&G Scheme achieves a record Rs 1 trillion prm income
The P&G of the corporation manages funds of well over Rs.7 lakh crores managing through approximate 80,000+ Gratuity, Superannuation and Leave Encashment Schemes.
Sensex crashes 788 pts, Gold jumps to near 7-year high on escalating Middle East tensions
Markets worldwide came under pressure from a major escalation in tensions in the Middle, said Ashish Nanda, executive vice president at Kotak Securities in Mumbai. “Equity markets never like uncertainties and it would result in weakness in the short term.”
Experiments to study operation of commercial BVLOS drones to take place in Jan: Aviation Minister
The minister also said the Centre will start registering drones – BVLOS and others – within a few weeks time.Potential use of drone technology for commercial purposes is very high, Puri said, adding that the Centre “is moving ahead on the BVLOS front”.
Govt may cut back on spending by Rs 2-trn as it faces revenue shortfall
Now, even the Reserve Bank of India seems to have become more worried about inflation rising. It kept its key lending rate on hold on December 5, even though it slashed its growth forecast for the current fiscal to 5%, which would be the lowest in a decade.
$5-trillion economy achievable but time frame uncertain: SBI Chairman
“India today is a $2.5 trillion economy, and we have set a target of becoming $5 trillion by 2025. In this target, 50 per cent will be international trade, of which exports will be a major component,” Prabhu — who is Prime Minister Narendra Modi’s sherpa for the G20 summit
FPIs begin 2020 with profit booking, withdraw Rs 2,418 cr in 1st 3 sessions
Umesh Mehta, head of research at Samco Securities said that “given the massive rally of previous year, FPIs have started booking profits in 2020. It is likely that they are building up their war-chest to enable buying in huge quantities just before the Budget in February.”
Govt plans quarterly, half-yearly financial statement norms for unlisted companies
There are more than 11 lakh unlisted companies that are active in the country and the proposal also assumes significance against the backdrop of instances of financial woes at some large unlisted entities.
Many PSBs may exit insurance JVs in 2020 to raise funds
According to Finance Ministry estimates last year, PSBs will require Rs 1.8 lakh crore additional capital in the next four financial years. Of this, they will have to raise Rs 1.1 lakh crore from the market or via the sale of non-core assets. The ministry of finance earlier indicated that weaker banks will have to sell assets, reduce overheads, shut loss-making domestic and foreign branches and temporarily stop employee benefits, if necessary, in order to independently raise capital to meet the shortage.
Simple ITR-1 income tax return form not for those paying ₹1 lakh in electricity bill, owning house jointly
Secondly, ITR-1 form is not valid for those individuals who have deposited more than ₹1 crore in bank account or have incurred ₹2 lakh or ₹1 lakh on foreign travel or electricity respectively, it said.