Business

Markets Live: Sensex plunges 234 points, Nifty falls to 7-month low on worries over capital gains tax

The NSE index fell 1 per cent to a seven-month low, erasing its gains for the year, on worries capital gains taxes would rise after Prime Minister Narendra Modi said market participants should contribute to nation-building. Finance Minister Arun Jaitley later clarified that the government did not plan to impose long-term capital gains tax, but it was not enough to ...

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Here’s what Reliance Jio and Airtel would be offering in 2017

Crashing data tariffs, free voice calls, disruptive entry of Reliance Jio and a no-holds-barred turf war to safeguard Rs 9 lakh crore worth of cumulative investments have sthe tone for an action-packed 2017 for the telecom sector, which also had to grapple with the thorny issue of call drops this year, as per an agency report If anything, the high-voltage ...

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IDFC Bank launches aadhaar-linked cashless merchant solution

IDFC Bank today announced the nation-wide launch of aadhaar-linked cashless merchant solution that uses a retailers’ smartphone to enable digital payments. Aadhaar Pay, launched by the government today, has been developed by IDFC Bank in association with Unique Identification Authority of India (UIDAI) and the National Payments Corporation of India (NPCI), the bank said in a statement. It said IDFC ...

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Tata-Mistry tangle: 140 cases filed in multiple courts

Legal eagles including P Chidambaram, Ravi Kadam pad up for long-drawn battle MUMBAI, DECEMBER 25:   The Tata-Mistry boardroom battle is a noodle soup of legal suits, with a whopping 140 cases, caveats and injunctions filed in various courts in Mumbai and New Delhi. The cases have been filed in the Bombay High Court, city civil courts, Delhi High Court and ...

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Sensex, Nifty snap seven sessions of falls

The BSE Sensex and Nifty ended slightly higher on Friday, snapping a seven-session losing streak, as auto and financial stocks recovered, but the indexes still posted their biggest weekly fall in five as emerging markets remained under pressure. The Sensex ended up 0.24 percent at 26,040.70, and posted a weekly fall of 1.69 percent. The Nifty closed 0.08 percent higher ...

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Demonetisation bound to boomerang on the BJP

By Praveen Rai The Nov. 8 declaration by Prime Minister Narendra Modi to demonetise the economy was a bolt from the blue widely hailed by many Indian citizens. The BJP was quick to jump on the bandwagon and call it a ‘masterstroke’ that would redeem the party’s election promise in 2014 to end black money in the country. Demonetisation included ...

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How India lobbied Moody’s for ratings upgrade, but failed

By Aditya Kalra and Rajesh Kumar Singh | NEW DELHI India criticised Moody’s ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the U.S.-based agency declined to budge citing concerns over the country’s debt levels and fragile banks. Winning a better credit rating on India’s sovereign debt would have been a much-needed endorsement of Prime ...

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