Business

The benchmark BSE Sensex gained over 139 points in early trade on Tuesday, snapping its two-day falling streak, supported by value-buying in select blue-chip stocks amid mixed global cues.

Some of the major findings of the AIMO study state that medium and large scale industries engaged in infrastructure projects, like as big road construction projects, reported a 35 percent job losses and 45 per cent in revenue loss.

After ousting him as Chairman, Tata Sons has called a shareholders' meeting on February 6 to remove Cyrus Mistry as director of the holding company of the USD 103-billion Tata Group.

Dealers said fresh selling of the American unit and the dollar's weakness against other currencies overseas, barring yen, gave the rupee more muscle.

The 30-share index was trading higher by 58.55 points, or 0.21 per cent, at 26,701.79, with consumer durables, metal, auto, healthcare and capital goods stocks staying in good shape.

Blackmoney holders keen to avail of the new tax evasion amnesty scheme will have to first deposit 49.9 per cent tax and park a quarter of their unaccounted cash in zero-interest deposit before being able to apply for it.

"What you are seeing here is a complete mirror image of the crash in gold sales within India since November 8, when demonetisation was announced," said Cyriac Varghese, General Manager of Sky Jewellery.

As India's biggest corporate showdown heads from the boardroom to the courtroom and brings in a Who's Who of the country's legal profession, ousted Tata Sons chairman Cyrus Mistry vows a multi-layered battle for governance reforms at the $100 billion cong...

Simplification and reduction in personal income tax rates and harmonisation of customs duties to global levels in a bid to boost economic activities were favoured by economists at a meeting chaired by Prime Minister Narendra Modi at Niti Aayog.

The rally in the previous session proved to be a momentary breather as the NSE Nifty on Monday slumped to a 7-month low of 7,908 and the Sensex below 26,000, hit by talk of higher taxation after Prime Minister's remarks.

In the backdrop of the SBI Colony at Nerul in Navi Mumbai going fully cashless, the State Bank of India has now selected Shirki village in Pen Taluka, Maharashtra, for driving Aadhaar-based merchant payments.

It was alleged that the company raised Rs 8.23 lakh illegally from 112 investors through redeemable preference shares (RPS) in 2011-12.

The benchmark BSE Sensex surrendered another 64 points to quote at 25,915.41 in early trade on Friday as investors indulged in cutting down bets amid sustained foreign fund outflows and weak Asian cues.

Mobile payments company Paytm is still facing issues in transacting as many users have complained that money was deducted from their bank accounts but did not reach the e-wallet.

The Reserve Bank of India’s 60th Notification, on day number 43 of Demonetisation, has partially rolled back an earlier notification that caused anger because it sought to restrict deposits of over 5000 rupees, in the process creating more confusion.

Showing early signs of recovery after a five-day losing streak, the benchmark BSE Sensex rebounded over 86 points in early trade on Wednesday on fresh round of value buying by investors amid positive cues from other Asian markets.