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The new tax structure is effective from April 1, 2019.

Mumbai: 

Rating firm S-P Global said on Friday government's move to cut corporate tax rates was a "credit negative development" despite potentially boosting the broader economy as it will widen its fiscal deficit.

The cuts are likely to "boost sentiment and support the broader economy at a

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Finance minister is likely to unveil measures to boost economic growth, which slipped to six-year low of 5 per cent in the April-June quarter, including review of import tariffs on certain items ahead of Prime Minister Narendra Modi's visit to the United States, two government sources said.

"We are waiting for the approval from the prime minister's

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EPF is a government-run pension scheme.

Employees' Provident Fund Organization or EPFO, the nodal agency that monitors Employees' Provident Fund contributions, allows the subscriber - or employees of an organisation of 20 or more individuals - to transfer provident fund (PF) balance with the previous

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The Sensex and Nifty benchmark indices each ended 5.32% higher at 38,014.62 and 11,274.20 respectively

Domestic stock markets skyrocketed on Friday with the Sensex index clocking its biggest single-day gain in more than a decade, after Finance Minister Nirmala Sitharaman announced a cut in corporate tax rate

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The public meetings will be held in two tranches.

New Delhi: 

Finance Minister Nirmala Sitharaman on Thursday said public sector banks will hold meetings with NBFCs and retail borrowers in 400 districts beginning next week to provide credit to borrowers, including homebuyers and farmers. 

The public meetings will be held in two tranches. The first

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SBI interest rate: The bank has revised its retail FD interest rates with effect from September 10

State Bank of India (SBI), which revised its interest rates on fixed deposits earlier this month, offers eight different maturity periods on retail deposits. The country's largest bank currently pays interest at the rates of 4.50-6.50 per cent on

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The new tax structure is effective from April 1, 2019.

Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in country's economy, including a cut in corporate taxes. Ms Sitharaman said that the effective corporate tax rate will be lowered to 25.2 per cent from 30 per cent, which she said would be a

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The government on Thursday asked banks not to declare any stressed loan account of MSMEs as NPA till March 2020 and work on recasting their debt. At a press conference after meeting PSU bank heads, Finance Minister Nirmala Sitharaman said there already exists a circular from the Reserve Bank that provides for stressed loan accounts of MSMEs not

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Move follows Mr Ambani's announcement that Saudi Aramco would acquire 20% stake in its chemical business.

With Saudi oil major Aramco buying stake in Reliance Industries oil-to-chemical business and uncertainty over likely changes in the equity structure of the company, Mukesh Ambani has increased his stake in Reliance Industries.

In the industry

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Bibek Debroy said there have been instances in the past when GDP growth fell below 5% in a quarter

Kolkata: 

Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) Bibek Debroy said on Friday that it would be incorrect to conclude that India is on a five per cent growth trajectory on the basis of just one quarter's gross domestic

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This is the fifth fulfilment centre (FC) in the state.

Kolkata: 

E-commerce major Amazon India on Thursday opened its largest fulfilment centre (warehouse) atRanihati near here to meet the growing demands of the region, a company official said.

This is the fifth fulfilment centre (FC) in the state. It will double the storage capacity and also lead to

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Individual investor accounts have since 2014 more than doubled to 84 million, data from the AMFI show

India still ranks among the most expensive countries in the world in terms of fees charged on equity and hybrid mutual funds, even after implementation of a number of investor-friendly measures in recent years.

The country's asset-weighted median

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The news comes after stocks came under heavy selling pressure from foreign investors.

Stocks surged with the rupee while bonds slumped after the government unexpectedly slashed the corporate tax rate to boost economic growth.

The Sensex jumped 5.4 per cent, poised for its best gain since May 2009, led by banks and automakers. The rupee climbed 0.6

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Mr Das said that the recent rise in crude prices will not have 'significant' impact on inflation.

RBI Governor Shaktikanta Das on Thursday said that there is little space for any fiscal expansion by government. Mr Das was speaking at the Bloomberg India Economic Forum in Mumbai. He said that international environment is clouded with challenging

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"There is a lot of uncertainty" around rate-path views and economic outlook, the Fed Chairman said

Washington: 

The Federal Reserve cut interest rates on Wednesday to help sustain a record-long economic expansion but signalled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from US President Donald Trump.

Descr

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At 1:20 pm, the rupee traded 34 paise - or 0.48 per cent - higher at 70.98 against the US currency.

The rupee gained by as much as 65 paise against the US dollar on Friday, after the government announced its decision to lower the corporate tax rate on domestic firms and new manufacturers. After starting the

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Technology firms must protect user privacy and prevent abuse of their platforms, IT minister said on Thursday, speaking as the government draws up a data privacy law and seeks to push companies to store more data locally.

The Information and Technology Minister Ravi Shankar Prasad said he wanted Indians to have access to more technology platforms

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LIVE market updates: The Sensex index fell as much as 358.53 points to 36,205.35 in late morning deals

Domestic stock markets suffered sharp losses on Thursday amid cautious trade in Asian peers, after the US central bank lowered interest rates as expected but offered mixed signals on further easing. The S-P BSE Sensex index fell as much as

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Corporate tax cut: Nirmala Sitharaman's announcement shows the centre want to boost manufacturing

New Delhi:  The centre's move today to reduce corporate tax on domestic companies had an immediate effect on the markets, with the S-P BSE Sensex surging over 2,100 points and the NSE Nifty climbing above the 11,250 mark, after

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On Wednesday, the domestic unit had closed at 71.24.

The rupee settled 10 paise lower against the dollar on Thursday. The local currency opened on a strong note at 71.36 and shuttled between a high of 71.06 and a low of 71.37. It finally settled at 71.34 against the dollar. According to analysts, heavy

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Meeting will be held under the chairmanship of Ms Sitharaman along with banking secretary Rajeev Kumar.

New Delhi: 

Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process within the stated timeline of April 1, 2020.

"Tomorrow's PSB meeting

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Experts say the Finance Minister's proposal would certainly boost the investment in 'Make in India'

The government on Friday slashed corporate taxes in a surprise $20.5-billion break aimed at reviving private investment, seeking to lift growth from a six-year low that has sapped jobs and fuelled discontent in the countryside. Finance Minister

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Currently, the EPFO has been settling PF withdrawal claims at 8.55% interest rate, approved for 2017-18.

The government has approved 8.65 per cent interest rate on employees' provident fund (EPF) for 2018-19, reported news agency Press Trust of India (PTI) quoting a source. The interest amount will now be

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Reliance Jio continued its onward march in July adding the highest number of subscribers during the month, while the other major market players, Airtel and Vodafone Idea eroded their subscriber base.

Jio added 85.39 lakh customers in July to take its total subscriber base to 33.97 crore, data released by the Telecom Regulatory Authority of India

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The new rate will be 25.2% including all additional levies and is applicable only for companies.

India cut tax on local businesses to one of the lowest rates in Asia, while providing a more than $20 billion boost to revive economic growth from a six-year low.

Tax on domestic companies will be lowered to 22% from a base rate of 30% currently, Finance

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HDFC Bank is the country's largest private sector bank with market value of over Rs 6 lakh crore.

HDFC Bank shares clocked mild gains as they went ex-split in trade on Thursday. HDFC Bank shares traded ex-split for the first time in trade, which means that their face value was sub-divided from Rs 2 to Rs 1. HDFC Bank's board had approved the share

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Government has moved about Rs 30,000 crore of Air India's debt to a separate holding company.

Government is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.

The government has moved about Rs 30,000 crore of Air India's debt to a separate holding

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Top Nifty gainers were Tata Steel, Indiabulls Housing Finance, HDFC Bank and Yes Bank

Domestic stock markets skyrocketed on Friday with the Sensex index soaring 2,284.55 points in its biggest intraday gain in more than a decade, after Finance Minister Nirmala Sitharaman announced a cut in corporate tax rate

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The domestic stock markets fell sharply in trade today led by declines in Reliance Industries, ICICI Bank, Infosys, Tata Consultancy Services and IndusInd Bank. The Sensex slumped as much as 576 points to fall below 36,000 and the NSE Nifty 50 index dropped as much as 170 points to fall below its important psychological level of 10,700 to hit an

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Rupee opened at 71.47 and rose to an intraday high of 71.17 against the US dollar.

The Indian rupee snapped its two-day falling streak against the US dollar on Wednesday on the back of falling crude oil prices. However, outflows by the foreign institutional investors capped the gains for the home unit, news

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