Govt unlikely to go for income tax cut due to fiscal stress
The Government is unlikely to moderate personal income tax rates for the rich due to fiscal stress on account of lower tax realisation amid slowdown in the economy, sources said. Pressure is mounting on the government to cut personal income tax rates to boost demand, especially after the finance ministry reduced...
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FB says Russian disinformation campaign targeted African countries
31 October 2019 | AFP -
India will not sign any free-trade agreement in a rush: Piyush Goyal
31 October 2019 | PTI -
Jio slams COAI, says association blackmailing Govt citing imaginary crisis
31 October 2019 | PTI -
COAI writes to Govt, says absence of relief may unleash unprecedented crisis, sector monopoly
31 October 2019 | PTI -
India’s marine product exports to China touches $800m in Jan-Sep 2019
31 October 2019 | PTI -
Voda Idea ends in red, Airtel up amid telcos’ financial bailout buzz
31 October 2019 | PTI -
Telecom circles abuzz: Vodafone to exit India
31 October 2019 | IANS
Sensex climbs 220 pts to reclaim 40K-mark
The BSE Sensex rallied 220 points to reclaim the 40,000-mark on Wednesday as strong corporate earnings and expectations of a rejig in tax structure for equity investors turbocharged sentiment. After hitting a high of 40,178.12, the 30-share index ended 220.03 points, or 0.55 per cent, higher at 40,051.87. The benchmark closed...
Rupee rises 9 paise against US dollar after Fed rate cut
The rupee appreciated by 9 paise to 70.81 against the American currency in early trade on Thursday after the US Federal Reserve cut its benchmark interest rate. A positive opening in the equity market, weak dollar against other major currencies overseas and persistent foreign fund inflows supported the rupee, forex dealers...
Vodafone Idea plummets over 9 pc to hit 52-week low
Shares of Vodafone Idea on Thursday fell over 9 per cent in early trade after Care downgraded its rating citing the recent Supreme Court ruling on adjusted gross revenue (AGR) issue. Shares of the telecom operator slumped 8.66 per cent to Rs 3.48 apiece - its 52-week low - on the...
Sensex hits record high of 40,345; Infosys, SBI rally 4 pc
Market benchmark BSE Sensex surged over 293 points to hit its record intra-day high of 40,344.99 on Thursday led by rally in index heavyweights Infosys, SBI, HDFC Bank and TCS. After opening on a strong note, the 30-share index was trading 263.69 points, or 0.66 per cent, higher at 40,315.56 in...
Jio says telcos have sufficient capacity to pay dues after SC verdict
Strongly opposing a bailout of telecom companies at taxpayers' expense, Reliance Jio on Thursday wrote to Telecom Minister Ravi Shankar Prasad saying firms that have been ordered by the Supreme Court to pay past statutory dues have "sufficient" financial capacity to clear their liabilities. It also slammed the Cellular Operators Association...
British MPs back general elections on December 12
British Prime Minister Boris Johnson's December 12 election plan has cleared the House of Commons after MPs backed the date in a vote by a 438 to 20 margin. It will mark the first December-poll since 1923 once the House of Lords passes the legislation and it becomes law by the...
UK's Brexit deal estimated to cost almost $100 billion
A respected British think tank slammed Prime Minister Boris Johnson's Brexit deal on Wednesday, concluding that the economy would be 3.5 per cent smaller compared with staying in the European Union. The study by the National Institute of Economic and Social Research says the agreement would deliver a 70 billion-pound (USD...
