Business

Presenting the Union Budget for 2020-21, Nirmala Sitharaman said it is aimed at boosting income and purchasing power of people.

Experts said the Budget has been below par considering investors had extremely high expectations from the government to revive the economy.

The Railways also transported 120 crore tonnes of freight in 2018-19, making it the world's fourth-largest freight carrier.

Niti Aayog Vice-Chairman Rajiv Kumar also said growth-enhancing measures are the need of the hour to achieve India's potential growth rate of 7-8 per cent per annum.

After opening 181 points higher, the 30-share BSE index turned volatile and surrendered all gains to trade 168.61 points or 0.41 per cent lower at 41,030.05.

The top German bank posted a loss of 1.6 billion euro ($1.78 billion) loss in the fourth quarter of 2019, bringing the total loss for the year to 5.7 billion euros.

The company's scrip rose 1.53 per cent to close at Rs 2,432.40 on the BSE. During the day, it jumped 3.13 per cent to Rs 2,470.85.

Starting on a highly volatile note, the 30-share BSE index swung nearly 200 points in early trade before quoting 97.09 points or 0.24 per cent higher at 41,252.21.

Markets across the world are increasingly turning volatile on concerns over the global economic impact of the coronavirus after China announced sharp increases in the number of people affected in the outbreak, analysts said.

ICICI Bank Ltd shares gained 2% after Q3 net profit jumped to Rs 4,146.5 crore compared with Rs 1,604.9 crore a year ago.

IndiGo currently runs two daily direct flights to China, one is on Delhi-Chengdu route and another is on Kolkata-Guangzhou route. It will start a daily flight on Mumbai-Chengdu route from March 15.

While India has offered partial relief on medical device price caps that have hurt American pharma giants and a rollback in tariffs on some US goods, Trump's team wants a sweetener of $5-6 billion in additional trade for US goods to restore preferential t...

Last week, the RBI had said it will simultaneously purchase and sell government securities under open market operations (OMO) of Rs 10,000 crore each.

MSM Malaysia Holdings Berhad will buy 130,000 tonnes of raw sugar from India in the first quarter, the company told Reuters. The company bought around 88,000 tonnes of raw sugar from India in 2019.

In the interim budget presented by the Modi government in February 2019, the government had given relief to taxpayers whose annual income was less than Rs 5 lakh.

The company also has the approval of the Reserve Bank of India (RBI) that allowed foreign investors to hold up to 74 per cent stake in the company.