Mumbai, Feb 1 (IANS) Indian stock markets witnessed a sharp fall on Budget Day as investors reacted negatively to the government’s decision to raise the Securities Transaction Tax (STT) on futures and options trading.The benchmark indices Sensex and Nifty recorded their biggest Budget-day decline in six years, with both ending around 2 per cent lower in a special trading session held on February 1.By the end of the session, the Sensex closed at 80,723, while the Nifty settled at 24,825, losing…
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Hyderabad, Jan 30 (IANS) The Directorate of Enforcement (ED) has completed the process of restitution of five attached immovable properties valued at about Rs 16 crore to the Punjab National Bank (PNB). ED’s Hyderabad Zonal Office said on Friday that the process has been completed under the provisions of the Prevention of Money Laundering Act (PMLA).The properties were attached during the PMLA investigation in the case of Ghanshyamdas Gems & Jewels and its Managing Partner, Sanjay Agarwal….
New Delhi, Jan 28 (IANS) The government’s capex (capital expenditure) may cross Rs 12 lakh crore in the forthcoming Union Budget for 2026-27, which would represent an increase of around 10 per cent over the corresponding figure of the previous financial year, according to an SBI report released on Wednesday.This would enable the government to step up investments in big-ticket infrastructure projects in the highways, railways, ports and power sectors to boost growth and jobs in the economy.The FY…
New Delhi, Jan 27 (IANS) Public sector banking operations are likely to be disrupted on Tuesday as bank employee unions called for a nationwide strike, demanding a five-day work week. Private banks, however, will not be affected by the day-long strike.Several public sector banks have already informed stock exchanges about the possible impact of the strike.The United Forum of Bank Unions (UFBU) went ahead with its nationwide strike. The UFBU is a joint platform of nine unions representing officer…
Mumbai, Jan 22 (IANS) Indian stock markets ended higher on Thursday, snapping a three-day losing streak, as positive global cues and easing geopolitical tensions boosted investor confidence.Market sentiment improved after US President Donald Trump said he would not impose tariffs on European Union nations on February 1.He mentioned that a ‘framework for a future deal’ had been reached with NATO on Greenland.His remarks about a ‘great’ trade deal between the US and India further encourage…
Jamshedpur, Jan 15 (IANS) Even 48 hours after the abduction of Kairav Gandhi, the 24-year-old son of prominent Jamshedpur-based entrepreneur Devang Gandhi, Jharkhand Police are yet to achieve any major breakthrough in the case. The kidnappers have demanded a ransom of Rs 5 crore from the family using a foreign mobile number. Police investigations have revealed that the number from which the ransom demand was made belongs to Indonesia.The Jharkhand Police have constituted seven special teams to e…
New Delhi, Jan 14 (IANS) The Finance Ministry’s Department of Financial Services, in association with public sector banks, on Wednesday launched a composite ‘Salary Account Package for Central Government Employees’, aimed at enhancing their financial well-being and social security, according to an official statement.The initiative will provide Central government employees a comprehensive suite of banking and insurance benefits under a single, seamless account structure. The packages have been …
Mumbai, Jan 13 (IANS) Following a sharp recovery from lower levels, Indian benchmark indices traded flat with a negative bias on Tuesday amid rising geopolitical tensions and sustained foreign institutional outflows.As of 9.29 am, Sensex slipped 85 points, or 0.10 per cent to 83,792 and Nifty eased 22 points, or 0.08 per cent to 25,768.Main broad-cap indices showed slight divergence with benchmark indices, with the Nifty Midcap 100 up 0.11 per cent, while the Nifty Smallcap 100 added 0.38 per ce…
New Delhi, Jan 7 (IANS) While the 7.4 per cent GDP growth rate projected for FY 26 in the first advance estimates of the Ministry of Statistics “is quite expected and reasonable”, the actual figure is eventually likely to be higher at around 7.5 per cent, an SBI Ecowrap report released on Wednesday stated.”We believe that GDP growth for FY26 would be around 7.5 per cent with an upward bias. The second advance estimates, incorporating additional data and revisions, are scheduled to be released on…
Mumbai, Jan 5 (IANS) The Indian benchmark indices traded flat with a mild negative bias on Monday over losses in IT stocks and the latest US-Venezuela tensions.Even as Indian companies showed signs of improving quarterly earnings, optimism was blunted by caution over the implications of US military action in Venezuela.As of 9.30 am, Sensex eased 62 points, or 0.07 per cent to 85,699 and Nifty gained 9 points, or 0.03 per cent to 26,319.Main broad-cap indices performed almost in line with benchma…