Sensex cracks, Nifty drops below 10,700

All sectoral indices were trading with losses, led by metal, oil and gas, realty, FMCG, auto and banking stocks. The BSE benchmark Sensex cracked over...

Set norms for creditors’ panel: NCLT

Tribunal orders liquidation of Ashok Magnetics after it finds CoC ‘disinterested’ in resolution plan The Chennai Bench of the National Company Law Tribunal (NCLT) has...

Subsidised LPG cylinder price cut by ₹6.5; market cost by ₹133

The price reduction comes soon after six consecutive monthly hikes in rates since June. Domestic cooking gas (LPG) price on Friday was cut by ₹6.52...

Q2 GDP growth slows to 7.1% from 8.2% in Q1

Various ratings agencies had predicted such a slowdown in the second quarter due to the impact of rising oil prices on input costs, and...

What’s with the back series GDP data?

Method to calculate data and manner in which it was released led to criticism from various quarters The government on Wednesday released the GDP growth...

Fiscal deficit exceeds full-year target in just seven months

Eight infrastructure sectors grow 4.8%, slower than 5% seen in October 2017 India’s fiscal deficit in the first seven months of the financial year, at...

RBI moves to ease liquidity for non-banking finance firms

Relaxes holding period for securitisation of loans to six months from one year In a move to make more liquidity available to non-banking finance firms,...

Interim Budget to be presented on Feb. 1

Finance Minister Arun Jaitley will present the interim Budget for the financial year 2019-20 on February 1, 2019. The Finance Ministry on Wednesday said “the...

‘Wanted long-term partner in insurance’

Like Sundaram Finance, Ageas is retail-focussed, says the managing director of SFL Sundaram Finance Ltd. (SFL) recently brought in Ageas Insurance International N.V. as partner...

29,088-crore indirect tax evasion detected in April-Oct.

Service tax dodgers formed the bulk at ₹22,973 crore The investigation arm of the Finance Ministry has detected tax evasion worth ₹29,088 crore in 1,835...

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There was no fear of getting hit, says Sir Viv

The Caribbean genius admired the manner Greg Chappell batted What shone through Vivian Richards was confidence. The swagger to the middle, surveyance of the field...

Partisan media wades into a cricketing battle

Selectively leaked footage spices up already bubbling contest The drum-rolls heralding off-field battles have begun. Cricketing tussles in Australia often blend the sweat and strife...

Kohli is my hero, gushes Prayas

Prayas Ray Barman, a little known leg-spinner from Bengal, made a big splash on the IPL scene after being picked up by the Royal...