Business

The 30-share BSE Sensex touched its lifetime (intra-day) high of 40,124.96 on Thursday, the day election results were announced.

The Bharatiya Janata Party (BJP) has won over 300 seats on its own out of 542 seats in the Lok Sabha elections — the first back-to-back majority for a single party since 1984.

Reliance Capital will sell its entire 42.88% stake to Nippon Life Insurance of Japan and other financial investors in the joint venture.

Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector.

It is the largest single non-sovereign loan ever committed by ADB to Indian Railway Finance Corporation (IRFC) to fund the railways track electrification project, ADB said in a release.

The company's board has approved an 'Expanded Stock Ownership Program 2019' that intends to allocate five crore shares to a broad base of employees.

After surging over 200 points in early session, the 30-share index was trading 98.07 points, or 0.26 per cent, higher at 37,416.60. The broader NSE Nifty was also trading 21.65 points, or 0.19 per cent, up at 11,243.70.

Total two-wheeler sales in April declined 16.36 per cent to 16,38,388 units compared to 19,58,761 units in the year-ago month.

ITR forms are taxpayers statement detailing his/her earnings regular income (wages), interest, dividends, capital gains, or other profits, the total tax paid on earnings and the appropriate refunds to be repaid to him/her by the government.

The Sensex and the Nifty had ended last week on flat note on the back of subdued domestic and international cues. On a weekly basis, the Sensex was down 0.26%, while the Nifty shed 0.36%.

During the week, the rupee climbed 80 paise. This is the second consecutive week of gain for the domestic currency.

HDFC Mutual Fund also gave investors the option to roll over the scheme or extend the maturity of one of its FMPs by 380 days, which was due for redemption on April 15 2019.

Kotak Mahindra Bank’s net interest income (NII) rose 18% to Rs3,048 crore against Rs2,580 crore in the same quarter last year.

Brent crude futures, the global oil benchmark, fell 0.29 per cent to trade at USD 71.97 per barrel.

Yes Bank is part of a group of lenders to debt-ridden Jet Airways, which was forced to ground all flights earlier this month after it ran out of funds.

The proposed system of e-invoice will eventually replace the requirement of a generation of e-way bill for movement of goods, as invoices would be generated through a centralised government portal.