Business

The BSE benchmark cracked below the 30,000-level by dropping 133 points in early trade on Friday on emergence of profit-booking after Thursday's strong rally.

Market benchmark Sensex rebounded 291 points on Monday, its biggest single session gain in nearly 6 weeks, to end at a two-week high of 29,656 ahead of RIL quarterly results, coupled with positive global cues.

Capital markets regulator Sebi will soon put in place stricter norms to check any flow of black money into stock market though controversy-ridden P-Notes and also initiate steps for allowing mutual fund investments through e-wallets.

Lenders are considering making a fresh attempt to sell Kingfisher House here to recover their dues from Vijay Mallya, adopting a model followed in recent sale of the defaulter businessman's posh Goa villa.

The rupee lost 13 paise against the dollar to 64.71 in early trade on Thursday on the Interbank Foreign Exchange due to appreciation of the US currency overseas.

The Indian economy is forecasted to record GDP growth higher than China, making it the fastest in the world during FY 2015-16.

The Indian IT companies have been under pressure to return excess cash on their books to shareholders through generous dividends and buybacks.

Numaligarh Refinery Ltd (NRL) on Sunday signed an MoU with Paradip Port Trust and Indian Oil Corporation for import of crude oil through Odisha's Paradip Port, an official statement said.

Racing against time for GST rollout, Central Board of Excise and Customs (CBEC) chief Vanaja N Sarna has sanctioned Rs 1 crore to each of 23 zones to conduct an outreach programme about the new tax regime.

The ban on alcohol sale within 500 metres of highways will impact up to 30 percent of premium hotels, with Pune being the most affected city, domestic ratings agency Crisil has said.

The apex court's order regarding compensatory tariff for Tata Power in view of higher coal prices is credit negative, but does not impact its Ba3 rating, Moody's said on Wednesday.

Founders of Snapdeal told their employees that they will ensure there is no disruption to staff "as the way forward becomes clear," as speculation of a takeover swirls.

Public sector oil companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum may review fuel prices daily rather than fortnightly, as is the current practice, in order to align them better with international prices.

Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the Goods and Services Tax.

Nepal's economy is rebounding after a slowdown caused due to 2015 earthquakes and trade disruptions at the southern border, the International Monetary Fund has said.

Equities started the week on a dull note as the Sensex on Monday tumbled over 184 points to end at 29,237, weighed down by heavyweight RIL, which tanked after Sebi banned the company from equity derivatives trading for one year.