Business

The broader NSE Nifty too closed above 8,400-mark with total gains of 19 points at close.

As government prepares ground for roll-out of GST from July 1, CAG has demanded explicit provision in the law to empower the official auditor to call for any information for audit of Goods and Service Tax (GST) receipts and utilisation of their funds.

Finance Minister Arun Jaitley said here that a rollout of the Goods and Services Tax has been deferred from its April 1, 2017 date, and may now be implemented on July 1, 2017, once again highlighting differences between the Centre and the States sharing o...

The rupee weakened 10 paise to 68.26 against the US dollar in early trade on Monday at the Interbank Foreign Exchange on increased demand for the American currency from banks and importers.

India's biggest software services firm TCS on Thursday reported 10.9 per cent jump in profit to Rs 6,778 crore for the third quarter of the current fiscal.

Tata Group patriarch Ratan Tata had personally asked Cyrus P Mistry to resign as chairman of Tata Sons as the board had lost faith in him, but his refusal led to the removal via majority vote.

Shares of Infosys lost 2.50 percent, TCS went down by 2.18 percent and Wipro dipped 2.18 percent on BSE.

Marked by day-long swings, the stock market came off its nearly two-month high by falling over 119 points to close at 26,759, stumped by IT worries following proposed visa curbs in the US.

The Sensex rebounded strongly to end near a two-month high of 26,878 by zooming over 245 points and the NSE Nifty rescaled the 8,200-mark after the US Fed minutes hinted at the uncertainty over the pace of rate hike.

Markets regulator Sebi on Wednesday said registered FPIs planning to set up operations in international financial services centres (IFSCs) will be allowed to do so without any additional documentation.

"Good news has started coming for housing and construction sector. Interest rates cut by all the banks will lead to demand being raised substantially," DLF CEO Rajeev Talwar told PTI commenting on the lowing of interest rates.

Tata Sons on Tuesday slapped a legal notice on its ousted chairman Cyrus P Mistry for alleged breach of confidentiality by making public sensitive company documents including minutes of board meetings, financial information and data.

The rupee on Monday surged by another 8 paise to 67.74 per dollar on persistent selling of the American currency by banks and exporters amid weakness in greenback's value in the overseas market.

Lockheed Martin Corp said its Chief Executive Marillyn Hewson gave US President-elect Donald Trump a personal commitment to bring down the price of its F-35 fighter jet.

Government criticised Moody's ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the US-based agency declined to budge citing concerns over the country's debt levels and fragile banks.

Cyrus Mistry has resigned from 6 listed Tata companies to battle the Conglomerate in a “larger platform where the rule of law and equity is upheld”, CNBC TV18 reported, possibly indicating some kind of legal action in a court of law.