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Deputy chief minister Tarkishore Prasad is also the Bihar finance minister(PTI)

Bihar budget: Fiscal deficit to be near 4% due to Covid-19 induced borrowings

By Anirban Guha Roy, Patna
PUBLISHED ON FEB 05, 2021 09:08 AM IST
  • The state government has already borrowed 26,000 crore till January this fiscal as against the target of 28,000 crore.
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Toyota said its sale had increased in the month of January.
Toyota said its sale had increased in the month of January.

Toyota strike: Siddaramaiah backs workers, to raise issue in assembly

By Sharan Poovanna | Edited by Abhinav Sahay, Bengaluru
PUBLISHED ON JAN 31, 2021 04:05 PM IST
  • The strike had led to a short-term impact on the production and delivery of company brand vehicles during the peak of India's festive season.
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The Pachpadra refinery is being jointly developed by HPCL Rajasthan Refinery Limited (HRRL) -- 74:26 joint venture between HPCL and the government of Rajasthan.(Bloomberg/Representational picture)
The Pachpadra refinery is being jointly developed by HPCL Rajasthan Refinery Limited (HRRL) -- 74:26 joint venture between HPCL and the government of Rajasthan.(Bloomberg/Representational picture)

Rajasthan’s Barmer oil refinery to start by 2022, investors assured

By Sachin Saini | Edited by Abhinav Sahay, Jaipur
PUBLISHED ON JAN 29, 2021 12:31 PM IST
  • Rajasthan industries minister Parasadi Lal Meena says the state will grow into a major hub for petrochemicals products after the launch of the refinery.
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A screen on the facade of BSE building displays stock prices.(PTI)
A screen on the facade of BSE building displays stock prices.(PTI)

Sensex jumps 194 points to end at 44,077; Nifty rises 67 points to 12,926

By hindustantimes.com | Posted by Mallika Soni | Hindustan Times, New Delhi
UPDATED ON NOV 23, 2020 04:12 PM IST
Sensex jumped 195 points tracking gains in Reliance Industries, Infosys and TCS amid largely positive cues from global markets.
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Shares and oil prices rose on Monday while the dollar fell as investors pinned hopes for economic revival on coronavirus vaccines, even as the world contended with surging case numbers and delays to fresh US stimulus.(AP)
Shares and oil prices rose on Monday while the dollar fell as investors pinned hopes for economic revival on coronavirus vaccines, even as the world contended with surging case numbers and delays to fresh US stimulus.(AP)

Vaccine progress drives European stocks higher, dollar still sickly

By Reuters | Posted by Mallika Soni | Reuters
PUBLISHED ON NOV 23, 2020 03:43 PM IST
The rally showed investors are willing to look past the grim US case numbers -- cases topped 12 million over the weekend -- and weak European economic data released on Monday.
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After two-day deliberations, the law committee of the GST Council has recommended tightening the registration process to weed out those issuing fake invoices, as per sources.(PTI/ file photo)
After two-day deliberations, the law committee of the GST Council has recommended tightening the registration process to weed out those issuing fake invoices, as per sources.(PTI/ file photo)

Aadhar-like registration, trustworthy entrepreneurs: New proposals made by law committee of GST Council

By hindustantimes.com | Edited by Mallika Soni | Hindustan Times, New Delhi
UPDATED ON NOV 23, 2020 02:26 PM IST
The new proposals could result in further tightening of the GST regime which could help in flagging discrepancies as the system for filing GST returns will become more automated with the use of e-invoices and auto-filled tax returns.
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A digital screen on the facade of the Bombay Stock Exchange (BSE) building displays stock prices.(PTI)
A digital screen on the facade of the Bombay Stock Exchange (BSE) building displays stock prices.(PTI)

Sensex falls 580 points to close at 43,600; Nifty slumps 166 points ends below 12,800

By hindustantimes.com | Posted by Mallika Soni | Hindustan Times, New Delhi
UPDATED ON NOV 19, 2020 04:00 PM IST
Sensex falls 580 points to close at 43,600; Nifty slumps 166 points ends below 12,800
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The S&P BSE Sensex declined 0.7% to 43,309.08, slipping from Wednesday’s peak.(PTI)
The S&P BSE Sensex declined 0.7% to 43,309.08, slipping from Wednesday’s peak.(PTI)

Sensex retreats from record after eight days of gains

By Bloomberg | Posted by Mallika Soni
UPDATED ON NOV 12, 2020 12:46 PM IST
The S&P BSE Sensex declined 0.7% to 43,309.08, slipping from Wednesday’s peak. Rupee weakened 0.1% to 74.4162 per US dollar, while the yield on 10-year government bonds rose one basis point to 5.92%.
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People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai.(PTI File)
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai.(PTI File)

Sensex, Nifty open higher led by banks and metals stocks

By hindustantimes.com | Edited by Meenakshi Ray | New Delhi
UPDATED ON MAY 05, 2020 09:45 AM IST
Axis Bank, ONGC, and IndusInd Bank were all up 3% and led the list of gainers in the Sensex pack. Marico Ltd also gained 5% after announcing its March quarter earnings.
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Vineet has worked several corporate jobs, becoming the Vice President of a listed MNC in 2007.(Digpu)
Vineet has worked several corporate jobs, becoming the Vice President of a listed MNC in 2007.(Digpu)

From selling ISP connections to being on board of multiple MNCs – Vineet Puri’s life story is an inspiration for many

UPDATED ON APR 29, 2020 07:00 PM IST
In his first job, Vineet sold ISP connections for a mere Rs. 3000 per month. Today, he is a board member with an MNC and a senior business executive with another large MNC with international portfolios and marquee clients.
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A HDFC Bank branch office in Mumbai(REUTERS File)
A HDFC Bank branch office in Mumbai(REUTERS File)

China’s central bank acquires over 1 % stake in India’s HDFC Ltd

By Press Trust of India | Mumbai
UPDATED ON APR 13, 2020 09:28 AM IST
People’s Bank of China’s holding in HDFC stood at 1,74,92,909 equity shares, accounting for 1.01 per cent of the share capital of the company as of March-end, as per exchange data.
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Trading on the exchanges hit a “circuit breaker” a few minutes into Friday’s session, the first time since 2009, as widespread panic over the coronavirus pandemic gripped global markets.(ANI)
Trading on the exchanges hit a “circuit breaker” a few minutes into Friday’s session, the first time since 2009, as widespread panic over the coronavirus pandemic gripped global markets.(ANI)

Sensex, Nifty make record recovery after halt in trading amid coronavirus fear

By HT Correspondent | New Delhi
UPDATED ON MAR 13, 2020 01:18 PM IST
Financial markets have taken a severe beating over the last few weeks as coronavirus disrupted businesses across the world.
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The recovery in factory output was led by a pick-up in manufacturing activity which grew at 1.5% .(Bloomberg File Photo)
The recovery in factory output was led by a pick-up in manufacturing activity which grew at 1.5% .(Bloomberg File Photo)

India’s factory output up in January, February retail inflation eases

By Asit Ranjan Mishra | Livemint, New Delhi
UPDATED ON MAR 13, 2020 06:53 AM IST
The items that registered the steepest rise in January include active pharmaceutical ingredients; mild steel slabs; separators including decanter centrifuge; electric heaters and steel pipes and tubes.
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The State Bank of India (SBI) office building is pictured in Kolkata(REUTERS)
The State Bank of India (SBI) office building is pictured in Kolkata(REUTERS)

SBI reduces MCLR by up to 15 bps across tenors, 10th cut in current fiscal

By Press Trust of India | Mumbai
UPDATED ON MAR 11, 2020 05:53 PM IST
The SBI has reduced its one-year MCLR by 10 basis points to 7.75 per cent from 7.85 per cent earlier, the SBI said.
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SBI said the new FD rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits.(HT File Photo)
SBI said the new FD rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits.(HT File Photo)

SBI cuts fixed deposit rates for second time in a month

By Edited by Surajit Dasgupta | Livemint
UPDATED ON MAR 11, 2020 11:44 AM IST
SBI said the new FD rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits.
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Fuel prices have been on the decline since Februray 27 on international trends. Petrol prices have in all fallen by Rs 1.42 a litre since then and diesel rates have dropped by Rs 1.44 per litre.(Virendra Singh Gosain/HT File Photo)
Fuel prices have been on the decline since Februray 27 on international trends. Petrol prices have in all fallen by Rs 1.42 a litre since then and diesel rates have dropped by Rs 1.44 per litre.(Virendra Singh Gosain/HT File Photo)

Petrol price falls below Rs 71 in India amid Saudi, Russia price war

By Press Trust of India | New Delhi
UPDATED ON MAR 09, 2020 06:42 PM IST
For India, which imports over 84 per cent of its oil needs, the slump would lead to lower import bill and a cut in retail prices but will harm already stressed upstream firms such as ONGC. Lower oil prices will also help economy from its 11-year low growth rate by way of reducing input cost for a lot of sectors.
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A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, November 9, 2018. REUTERS/Altaf Hussain/Files(REUTERS)
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, November 9, 2018. REUTERS/Altaf Hussain/Files(REUTERS)

Yes Bank put under moratorium: Full statement of RBI

By HT Correspondent | New Delhi
PUBLISHED ON MAR 05, 2020 10:14 PM IST
The RBI also superseded the board of Yes Bank, which has not been able to raise required capital for the last six months. It also appointed former Chief Financial Officer of SBI, Prashant Kumar as the administrator of Yes Bank.
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Business Growth Summit is one of the most prominent business events in India and will present internationally acclaimed speakers to a packed house(Digpu)
Business Growth Summit is one of the most prominent business events in India and will present internationally acclaimed speakers to a packed house(Digpu)

Unravelling the secret behind becoming a successful entrepreneur

UPDATED ON FEB 21, 2020 12:05 PM IST
Trying to establish a brand, adjusting to match or exceed the competition and keeping your business profitable is a challenge. The key is to learn from those who have been there, done that and that too successfully.
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A view of the stock prices displayed on a digital screen outside BSE building in Mumbai(PTI)
A view of the stock prices displayed on a digital screen outside BSE building in Mumbai(PTI)

Sensex, Nifty slip for 3rd session; oil and gas, financial stocks drag

By Press Trust of India | Mumbai
UPDATED ON FEB 17, 2020 04:17 PM IST
The 30-share BSE Sensex closed lower by 202.05 points, or 0.49 per cent, at 41,055.69; while the broader NSE Nifty was down 67.75 points or 0.56 per cent at 12045.80.
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Negative cues from global markets amid concerns over China’s coronavirus outbreak continued to weigh on investor sentiment here, traders said.(ANI / Twitter)
Negative cues from global markets amid concerns over China’s coronavirus outbreak continued to weigh on investor sentiment here, traders said.(ANI / Twitter)

Sensex slumps over 200 points ahead of Union Budget; Nifty tests 11,900

By Press Trust of India | Mumbai
UPDATED ON FEB 01, 2020 09:52 AM IST
According to analysts, investors are cautious ahead of the Union Budget as all eyes will be on how centre is going to bring growth as any increase in spending would result in widening of fiscal deficit.
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(ANI)
(ANI)

Sensex rises over 200 points, Nifty reclaims 12,100 amid recovery in global equities

By Press Trust of India | Mumbai
UPDATED ON JAN 29, 2020 10:00 AM IST
Tata Steel was the top gainer in the Sensex pack, rising over 2 per cent, followed by Infosys, M&M, Bharti Airtel, Maruti and Hero MotoCorp.
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Mumbai, India - July 13, 2017: People come outside the Bombay Stock Exchange (BSE) as share index SENSEX crossing 32,000 points in Mumbai, India, on Thursday, July 13, 2017. (Photo by Kunal Patil/Hindustan Times)(Kunal Patil/HT Photo)
Mumbai, India - July 13, 2017: People come outside the Bombay Stock Exchange (BSE) as share index SENSEX crossing 32,000 points in Mumbai, India, on Thursday, July 13, 2017. (Photo by Kunal Patil/Hindustan Times)(Kunal Patil/HT Photo)

Sensex rises over 150 points in opening session; HDFC top gainer

By Press Trust of India | Mumbai
UPDATED ON JAN 28, 2020 10:10 AM IST
According to analysts, strong earnings of select bluechips lifted benchmarks. Broader markets continued to outperform signalling that investors are hoping for an economic revival in the upcoming budget.
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According to traders, despite sell-off in other Asian equities amid fears of contagion after a deadly new virus emerged from China, stock-specific action kept domestic benchmarks buoyed.(ANI)
According to traders, despite sell-off in other Asian equities amid fears of contagion after a deadly new virus emerged from China, stock-specific action kept domestic benchmarks buoyed.(ANI)

Sensex rises over 250 points; L&T, Axis Bank rally 3%

By Press Trust of India | Mumbai
UPDATED ON JAN 23, 2020 09:57 AM IST
AAfter market hours on Wednesday, L&T reported a 15 per cent rise in its consolidated net profit at Rs 2,560.32 crore for quarter to December 2019.
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According to traders, domestic investors turned wary amid subdued quarterly results by key index constituents and negative cues from global markets.(ANI)
According to traders, domestic investors turned wary amid subdued quarterly results by key index constituents and negative cues from global markets.(ANI)

Sensex drops over 200 pts, Nifty tests 12,200 after IMF lowers India’s growth rate

By Press Trust of India | Mumbai
UPDATED ON JAN 21, 2020 09:45 AM IST
Market sentiment was also hit after the IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8 per cent and listed the country’s much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.
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Union finance minister Nirmala Sitharaman says the government wants to work with the industry to achieve the $5 Trillion economy target.(Sanjeev Verma/HT PHOTO)
Union finance minister Nirmala Sitharaman says the government wants to work with the industry to achieve the $5 Trillion economy target.(Sanjeev Verma/HT PHOTO)

Government against laws treating businesses with suspicion: Nirmala Sitharaman

By MC Rajan | Hindustan Times, Chennai
UPDATED ON JAN 20, 2020 01:49 AM IST
Sitharaman made it clear that the government was working towards creating an environment where the government and the industry could work together to attain the $5 trillion economy target.
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The Bombay Stock Exchange (BSE) building.(PTI)
The Bombay Stock Exchange (BSE) building.(PTI)

Sensex hits lifetime high of 41,481, Nifty hit record peak in early trade

By Press Trust of India | Mumbai
UPDATED ON DEC 18, 2019 10:17 AM IST
After scaling its record peak, the 30-share index pared some gains to trade 106.90 points or 0.26 per cent higher at 41,459.07 in morning session.
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The Bombay Stock Exchange building(REUTERS)
The Bombay Stock Exchange building(REUTERS)

Sensex jumps over 200 points; Nifty tests 12,100 in early trade

By Press Trust of India | Mumbai
UPDATED ON DEC 17, 2019 10:39 AM IST
Maruti was the top gainer in the Sensex pack rising up to 1.85 per cent, followed by Vedanta, ITC, Yes Bank, Infosys, Tata Steel, Bharti Airtel and SBI.
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Kotak Bank was the top gainer in the Sensex pack rising up to 2.01 per cent, in the opening session on Dec 16, 2019.(Bloomberg)
Kotak Bank was the top gainer in the Sensex pack rising up to 2.01 per cent, in the opening session on Dec 16, 2019.(Bloomberg)

Sensex rallies 175 points to hit record high in opening session; Nifty tests 12,100

By Press Trust of India | Press Trust of India
UPDATED ON DEC 16, 2019 10:01 AM IST
Kotak Bank was the top gainer in the Sensex pack rising up to 2.01 per cent, followed by HCL Tech, Tech Mahirdra, TCS, Bajaj Auto and SBI.
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A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai(Reuters File)
A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai(Reuters File)

Sensex falls 70 pts in early trade, dragged by losses in financial, banking stocks

By Press Trust of India | Mumbai
UPDATED ON DEC 09, 2019 10:12 AM IST
Bajaj Finance was the biggest loser in the Sensex pack with a decline by 1.28 per cent in morning deals, followed by HUL, ITC, SBI, Kotak Mahindra Bank, Tech Mahindra, TCS and Axis Bank.
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The Bombay Stock Exchange(HT Photo)
The Bombay Stock Exchange(HT Photo)

Sensex falls 65 points in early trade on global trade worries

By Press Trust of India | Mumbai
UPDATED ON DEC 03, 2019 02:46 PM IST
In the Sensex pack, Tata Steel emerged as the biggest loser with a slide of 1.95 per cent, followed by Vedanta, IndusInd Bank, Bharti Airtel, ONGC and Axis Bank.
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