Business

"Two mature people can disagree, but that doesn't mean one has to abuse the other, question the other's patriotism, question the other's intellectual capability. That is where I think he felt deeply hurt and decided to quit. India is the loser", he told a...

Public sector banks (PSBs) having suffered significant deterioration in balancesheets, consolidating 27 public sector banks into 8-10 large lenders create risks that could offset potential long-term benefits in the current weak economic environment

The decision to relax foreign direct investment in sectors ranging from civil aviation to pharmaceuticals looks positive says Moody's Investors Service.

Ratings agency Moody's downgraded its outlook for Britain, saying its creditworthiness was now at greater risk as the country would face substantial challenges to successfully negotiating its exit from the bloc.

Income Tax department published aonline list of registered asset valuers for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window.

About 1093 shares have advanced, 1498 shares declined, and 183 shares are unchanged.

Banks, infra, healthcare and select IT stocks lost momentum while textile shares hogged the limelight.

Noting that it is immediately after Prime Minister's US visit the government has brought "sweeping" changes in the FDI policy, he alleged it posed a "big threat" to national security and India's independent foreign policy.

In sweeping reforms, the government has decided to ease FDI norms in civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route.

According to the magazine, Rajan's three-year term is the shortest of any G20 country and the recent governors have been given second terms as much as seven months in advance.

The Reserve Bank has considerably eased investment norms by NRIs/PIOs while investing in real estate.

The large wilful defaulters, according to the list published by PNB, include embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore.

GST was earlier planned to be introduced from April 1, 2016, converting 29 states into a single market through the new indirect tax regime, but the deadline was missed as the bill to roll it out remains stalled in the opposition- dominated Rajya Sabha.

Expectations of more foreign capital inflows in view of robust domestic equities boosted the rupee value against the dollar, a forex dealer said.

Trading in most emerging Asian currencies was subdued as investors awaited the key US employment data for May later in the day.

In a choppy trade, the BSE Sensex opened higher, but profit-booking pulled it down. Finally, it settled at 26,725.60, a gain of 72 points, or 0.27 per cent -- its highest closing since October 29, 2015.