Business

The government is due to present Interim Budget 2019 in Parliament on February 1. For real estate sector, a slowdown in demand across segments has highlighted many challenges ahead. The real estate sector - which relies highly on borrowings - has faced a slack in recent past due which in turn has impacted property prices. Many property consultants

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Domestic stock markets started Tuesday's session on a strong note, a day after macroeconomic data fuelled hopes of monetary easing by central bank in coming months. The Sensex jumped as much as 339 points to touch 36,192 in early trade while Nifty hit 10,837, up 99 points from previous close. Top gainers on 50-scrip index were Yes Bank, Reliance I

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The chief executive officer of Myntra and Jabong, a unit of Walmart Inc-owned Flipkart, Ananth Narayanan, has left company to pursue external opportunities, Myntra said on Monday.

Flipkart's Amar Nagaram has been named as head of Myntra and Jabong, e-commerce fashion company said in a statement.

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Union Budget 2019: Ficci has said that customs duty should be abolished from anthracite coal

Industry body Ficci has recommended a series of steps for steel-making industry. Among key changes, suggested by Ficci in its pre-Budget memorandum 2019-20, it has pitched for reduction in customs duty on a variety of materials used as key inputs in

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At moment, income up to Rs 2.5 lakh is exempt from personal income tax.

Finance Minister Arun Jaitley may double income tax exemption threshold for salaried from present Rs 2.5 lakh to Rs 5 lakh while also reinstating tax-free status for medical expenses and transport allowance, providing some relief to section already under strain since

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Thirty eight out of Nifty50 stocks closed in negative zone

Falling for a third consecutive session, domestic stocks markets closed in red on Monday. The S-P BSE's benchmark index Sensex finished 156.28 points, or 0.43 per cent, lower at 35,853.56, while NSE Nifty ended at 10,737.60, 57.35 points or 0.53

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CEO Akbar Al-Baker said Qatar Airways would be "delighted" to take a stake in IndiGo.

Mumbai: 

Qatar Airways will not buy a stake in Jet Airways as a substantial portion of debt-laden carrier is held by Etihad Airways, whose owner Abu Dhabi is an "enemy" of Qatar, its CEO Akbar al-Baker said on Tuesday. Abu Dhabi is part of United Arab Emirates that

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The fall of exports in December is biggest since December 2016.

China's exports fell to a whopping $221.25 billion in December registering biggest plunge in two years amid ongoing trade war with US, highlighting continued slowdown of world's second largest economy. Both exports and imports fared worse than expected in December, according to figures

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Domestic sales of passenger vehicles in 2017 stood at 239,723 units, data said.

New Delhi: 

Sale of passenger vehicles in domestic market declined by 0.43 per cent on a year-on-year basis in December to 238,692 units, according to data released on Monday by Society of Indian Automobile Manufacturers (SIAM).

Domestic sales of passenger vehicles in

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In upcoming Budget, which will be presented by Finance Minister Arun Jaitley on February 1, stakeholders from different sectors will look for announcements and their possible impact on market. The country's insurance industry, which comprises more than 50 companies, has some challenges that need to be addressed, say experts. Industry body Ficci

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Sovereign gold rose by Rs 100 to Rs 25,400 per piece of eight grams.

Gold prices on Monday went up by Rs 225 to Rs 33,100 per 10 grams at bullion market in national capital, reported news agency Press Trust of India (PTI). The jump came on back of positive trend overseas and a surge in demand from local jewellers, reported agency quoting All India

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Annual wholesale price inflation - determined by Wholesale Price Index - edged down to 3.80% last month

New Delhi: 

Wholesale inflation eased to an eight-month low in December, strengthening views among some economists central bank could ease its monetary policy stance next month as country faces a slowdown in manufacturing.

Annual wholesale price

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Fixed Deposit (FD) interest rate: Fixed deposit interest rates are subject to change from time to time.

State-run Bank of Baroda revised its fixed deposit interest rates with effect from Monday. Fixed deposits or FDs are secure financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies

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Rupee pared early gains and fell to an intra-day low of 70.95 against US dollar.

Mumbai:  The rupee on Monday plunged by 43 paise to close at nearly one-month low of 70.92 against US dollar, reported news agency Press Trust of India (PTI). The fall came amid weak industrial output growth data, fall in domestic equity markets and

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IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a 11 nights and 12 days tour package to Puri, Kolkata, Gangasagar, Gaya, Varanasi and Allahabad. The tour will start from Rajkot, said tourism arm of Indian Railways on microblogging website, Twitter. The boarding points include Rajkot, Surendra Nagar, Viramgam, Sabarmati,

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The event will be attended by Defence Minister Nirmala Sitharaman.

The government will launch a defence industrial corridor in Tamil Nadu on January 20 during which major investments in sector are expected to be announced, Secretary of Defence Production Ajay Kumar said on Monday. The event will be attended by Defence Minister Nirmala Sitharaman

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The decline was helped by a fall in food prices and smaller increases in fuel costs.

Bengaluru/Mumbai: 

Retail inflation rate dropped to 2.19 per cent in December from a year earlier, lowest level since June 2017, government data showed on Monday. The decline was helped by a fall in food prices and smaller increases in fuel costs. Analysts polled by

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With Union Budget just around corner, all eyes remain on annual financial document and in it, any relief in terms of taxes for common man. Financial experts where on one hand expect government to make announcements in form of tax reliefs, on other, widened fiscal deficit may be a dampener for government.

Here's what wealth planners say on their

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Analysts will keenly watch scout for any announcements on cash-starved NBFC sector

Non-banking financial companies (NBFCs), also known as shadow banks, have suffered a blow ever since a liquidity crunch brought to fore various issues affecting sector. As Finance Minister Arun Jaitley tables interim Budget in Parliament on February 1, analysts will

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For next fiscal year fertiliser ministry has asked for Rs 1 lakh crore in subsidies.

New Delhi/Mumbai: 

The government is likely to overshoot its fertiliser subsidy bill for this financial year by Rs 30,000 crore ($4.2 billion), three sources with direct knowledge of matter said, and government could tap state banks to fund extra spending. Prime

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With government due to present its Budget in Parliament on February 1, its last before a general election due by May, all eyes remain on government's annual statement. From jittery crude oil prices to trade wars to currency fluctuations, energy sector has had a bumpy ride in past one year, and has a lot of expectations from government. As a

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Currency fluctuations and regulatory restrictions have limited profitability for many pharma firms

Pharmaceutical companies in country, largest provider of generic drugs globally, have faced several challenges in recent times. Where on one hand currency fluctuations have limited profitability for some companies, regulatory restrictions and pending

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The RBI primarily tracks consumer inflation to formulate its monetary policy

Consumer inflation was at 2.19 per cent in December, government said on Monday. That marked lowest level of consumer inflation recorded since June 2017, when it had stood at 1.46 per cent. December's consumer inflation was in line

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The increase in wholesale commodity rates in country is determined by Wholesale Price Index

Wholesale inflation eased to 3.80 per cent in December from 4.64 per cent in previous month, government said on Monday. That marked slowest pace of wholesale inflation recorded in past eight months, helped by a smaller increase in food and fuel prices. D

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Index heavyweights such as Infosys and Reliance Industries led gains on Nifty

Domestic shares rose on Tuesday, after inflation rate plummeted to an 18-month low, raising optimism that central bank could ease monetary policy next month, as nation faces a manufacturing slowdown and weak growth in farm sector. Annual retail price inflation declined to

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The airline's shares jumped as much as 19 per cent.

Etihad Airways PJSC has agreed to raise its stake in Jet Airways to 49 per cent as founder and chairman Naresh Goyal gives up majority control of carrier, potentially paving way for rescue of cash-starved company, according to television reports.

BTVI television channel reported Etihad stake

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Analysts will watch inflation data due later in day closely

Domestic stock markets started Monday's session on a weak note, after growth in industrial production crashed to lowest level recorded since June 2017. The Sensex fell as much as 259 points in early trade to hit 35,750, and broader Nifty declined 83

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Finance Minister Arun Jaitley will present Interim Budget 2019 on February 1. Various entities, from corporates and analysts to economists and lobbyist, will watch Budget announcements closely for any changes in rules pertaining to infrastructure sector. Industry body Ficci has said that a reduction in basic customs duty applicable to

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Sachin Bansal left Flipkart last year after US-based Walmart picked up a majority stake in company

Flipkart co-founder Sachin Bansal has pumped in about Rs 650 crore in ride-hailing platform Ola, news agency Press Trust of India reported, quoting documents filed with Corporate Affairs Ministry. The

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Petrol and diesel prices stood at Rs 70.13 a litre and Rs 64.18 a litre in Delhi on Monday

Petrol prices were hiked by 37-40 paise per litre and diesel rates by 49-53 paise per litre on Monday. That marked fifth consecutive hike in domestic fuel prices, and sixth overall so far this year. In Delhi, price of petrol crossed Rs 70 a litre mark for

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