In a major fiscal booster, the government on Friday slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies.
Domestic equity benchmark BSE Sensex rebounded over 100 points in early session on Friday, driven by by gains banking, auto and IT stocks amid positive domestic and global cues.
Reserve Bank of India (RBI) has proposed to regulate payment gateway service providers and aggregators in online transactions.
Australia’s banking watchdog on Friday said record-low interest rates are likely to benefit the country’s “Big Four” lenders over their smaller counterparts due to their better capital position and access to cheaper funds.
Domestic equity benchmark BSE Sensex jumped over 100 points in early session on Friday, driven by by gains in IT and auto stocks, amid positive domestic and global cues.
The Indian rupee appreciated by 26 paise to 70.88 against the US dollar in early trade on Friday as easing trade tensions between US and China strengthened investor sentiments.
Equity benchmark gauges ruled firm during early hours on Thursday after ending higher for five consecutive sessions, largely due to upbeat sentiment supported by positive global developments.
The Indian rupee appreciated by 36 paise to 71.30 against the US dollar in early trade on Thursday as gains in domestic equity market and fresh foreign fund inflows strengthened investor sentiments.
Australian consumers turned gloomier in September as concerns about their personal finances eclipsed signs of a modest recovery in the housing market, underlining why markets are betting on more rate cuts to support a flagging economy.
The rupee opened on a cautious note and fell 13 paise to 71.84 against the US dollar in early trade on Wednesday amid rising crude oil prices and unabated foreign fund outflows.
Jack Ma the world's biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war.
Hinduja Group flagship firm Ashok Leyland on Monday announced non-working days at its various manufacturing facilities following weak demand.
State Bank of India (SBI) on Monday reduced the MCLR and interest rates on time deposits across all maturities.
External Affairs Minister S Jaishankar on Monday said that Singapore has become a fulcrum for India's economic and commercial policies.