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Customs Duty And IGST Waiver For Goods Supplied For Kerala Floods
To aid further relief to the flood-stricken Kerala, the interim finance minister made a call to charge no IGST or integrated goods and services tax plus customs duty on goods supplied ot imported to Kerala as part of restoration operation in

L&T Buyback Offer Details To Be Finalised On August 23 Board Meet
Given the handful of asset sale and the objective to improve return on equity, the ongoing L&T buyback plan is likely to be the first of the many expected by analyst. On Monday, the stock of India's leading engineering and construction

Fare Discounts And Capacity Increase Boost Air Traffic In Lean July Month
The loss-ridden aviation sector sees passenger growth in the otherwise weak season on the back of capacity addition and fare discounts. As per the aviation's body DGCA released data, during the month passenger traffic got a boost of 21% YoY

Outlook For Indian Metal Scrips In Light Of US Fresh Sanctions On Turkey And China
Global risk has overshadowed the metals across the globe and off late has been impacted by the trade sanctions on Turkey. And after subsiding for some time, Turkish lira again plunged in light of the fresh sanctions on Turkey as the

47 Lakh Jobs Created in 10 Months Till June: EPFO Data
EPFO's (Employees' Provident Fund Organisation) payroll data showed that as many as 47.13 lakh jobs were created between September 2017 to June this year. However, the Retirement fund body has lowered its earlier estimate of new members enrolment by 12.38 percent, from

Time To Partially Book Profits In Stocks
It's always difficult to time the markets, though opportunities and reasonably priced stocks often emerge even with the index at 38,000 levels. The rally in stocks maybe a little overdone, especially the large cap stocks. Small and midcap stocks are still

Rupee's Fall Leads Fuel Price To Over Two-Month High Levels
Even as the crude oil prices have receded from record high levels, rupee's free fall to levels below 70 has hit fuel prices, both petrol and diesel which have surged to over two-month high levels.Petrol in the national capital was retailing

Rakesh Jhunjhunwala And PE Firm Invest In Star Health Insurance
Ace investor Rakesh Jhunjhunwala and a consortium of private equity firms including WestBridge Capital and Madison Capital have put their bets on Star Health Insurance. The financial consideration of the deal amounts to as much as Rs. 6,500 crore as

To Tame Rupees Fall RBI May Look To Mobilise NRI Deposits
Last week the sharp movement in the rupee which led it to levels below 70 mark to trade at 70.40 on an intra-day basis relate to several other macro woes such as the plunging of forex reserves of the country and

Rupee Recovers From 70-Mark Against the Dollar
The Indian rupee recovered on Monday, opening 32 paise higher against the US dollar. The domestic currency closed at a new record low of 70.15 per dollar on Thursday, after falling 26 paise or 0.37 percent from its previous day's close.

PFRDA Safeguards Pensioners' Interest: This Is How
PFRDA or Pension Fund and Regulatory Development Authority (PFRDA) is a statutory body set-up up by an Act of Parliament for promoting financial security at retirement or old-age. And off late, of the different challenges and issues, the department has become

BSE and NSE to Stop Trading Stocks of up to 9 Firms; Check List Here
India's leading stock exchanges BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will suspend trading in shares of as many as nine firms, which includes banking fraud accused Mehul Choksi's Gitanjali Gems, from 10 September 2018 for not complying with

Sensex, Nifty Open At Record Levels
Indian benchmarks indices rose to a new record high led by a surge in Larsen & Toubro after it announced that its board will meet on Aug. 23 to consider share buyback proposal. The S&P BSE Sensex rose 0.58 percent or

ATMs Cannot be Restocked With Cash After 6 pm From Feb 2019
The Home Ministry has set new Standard Operating Procedures (SoPs) that would come into effect from 8 February 2019 in view of the spurt in incidents of attacks on cash vans, cash vaults, ATM frauds and other internal frauds leading to an

BSE To Move 6 Scrips To Restricted Trading Segment
Citing non-compliance in respect of listing requirement relating to corporate governance, the country's oldest and leading bourse BSE has made a call to put six of the companies in the restricted trading segment with effect from August 27, 2018.

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