25 C
Mumbai
Monday, October 21, 2019
Home BUSINESS

BUSINESS

BUSINESS NEWS from all over the world. MODI2 is news website. We provide you with the latest breaking news, Top news, Tech news and Reports.

IMF says corporate income tax cut will help revive investment in India

IMF says corporate income tax cut will help revive investment in India

WASHINGTON: The International Monetary Fund on Friday supported India's recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address continued fiscal consolidation and secure long-term stability of the fiscal conditions. "We believe India still has limited fiscal space so they have to be careful.…
No Charges on Digital Payments made to Large Business Establishments from November 1

No Charges on Digital Payments made to Large Business Establishments from November 1

Finance Minister Nirmala Sitharaman had said business establishments with annual turnover of more than 50 crore should offer low cost digital modes of payment to their customers and the RBI and banks should absorb cost of transactions. PTIUpdated:October 18, 2019, 10:31 PM IST A vendor holds an Mswipe terminal, operated by M-Swipe Technologies Pvt Ltd.,…
Jio Q2 net profit up 45.4% at Rs 990 crore

Jio Q2 net profit up 45.4% at Rs 990 crore

NEW DELHI: Telecom operator Reliance Jio on Friday posted a 45.4 per cent jump in its net profit to Rs 990 crore on a standalone basis in the July-September quarter of 2019-20 on account of growth in subscriber base. The company had posted a net profit of Rs 681 crore in the same quarter a…

Sensex, Nifty log longest rising streak since mid-March

Mumbai, Oct 18 () Indian equities rose for the sixth straight session on Friday, the longest gaining streak since mid-March, boosted by unabated foreign fund inflows and positive Brexit developments. The BSE benchmark Sensex closed 246.32 points or 0.63 per cent higher at 39,298.38. It hit an intra-day high of 39,361.06 and a low of…
Reliance Industries becomes first Indian company to cross market valuation of Rs 9 lakh crore

Reliance Industries becomes first Indian company to cross market valuation of Rs 9 lakh...

HighlightsIn August 2018, RIL became the first domestic firm to cross the Rs 8 lakh crore mark in terms of market valuationThe m-cap figure of companies changes daily with stock price movementRIL is controlled by Mukesh Ambani (File photo)NEW DELHI: Reliance Industries (RIL) on Friday added another feather to its cap by becoming the first…
Stocks in News: BHEL, Yes Bank, Indiabulls Housing, Zee Entertainment, DHFL

Stocks in News: BHEL, Yes Bank, Indiabulls Housing, Zee Entertainment, DHFL

Here is a list of top stocks that are buzzing in early trade on Friday:BHEL: The stock jumped more than 23% after news report said the government is likely to consider bringing down its stake in Bharat Heavy Electricals Ltd (BHEL) and National Mineral Development Corporation Ltd (NMDC). The government may slash its stake in…
Trade war with US: China’s GDP growth sinks to 6% in 3rd quarter, lowest in 27 years

Trade war with US: China’s GDP growth sinks to 6% in 3rd quarter, lowest...

BEIJING: China's economy grew at the slowest rate in 27 years in the third quarter, official figures showed on Friday, as the country grapples with a protracted trade war with the US and slowing domestic demand. Gross domestic product (GDP) figures showed that the Chinese economy expanded 6.0 percent in July-September, compared with 6.2 percent…
5G network much safer than previous networks: Huawei

5G network much safer than previous networks: Huawei

MUMBAI: Chinese telecom equipment manufacturer Huawei's India chief executive Jay Chen on Thursday said 5G is more safer than previous networks and only quantum computing can help break into the architecture. Asserting that the company, which has made the entire world paranoid from the security front has never been found violating a security protocol in…
Sensex zooms 453 points to close at 39,052; Nifty ends above 11,550

Sensex zooms 453 points to close at 39,052; Nifty ends above 11,550

NEW DELHI: Rising for the fifth straight session, equity indices on Thursday ended in green with the benchmark BSE sensex soaring over 400 points, led by gains in banking and auto stocks, amid sustained foreign fund inflows. The 30-share BSE index rose 453.07 points or 1.17 per cent to close at 39,052.06. While, the broader…

Sebi rejigs primary market advisory panel

New Delhi, Oct 17 () Capital markets regulator Sebi has reconstituted its Primary Market Advisory Committee (PMAC) that advises it on policy framework, development of initial public offerings and other such segments. The panel, which is chaired by TV Mohandas Pai, chairman of the Manipal Global Education Services, has now 26 members. Earlier, the panel…

WEATHER

Mumbai
light rain
25 ° C
25 °
25 °
88 %
3.6kmh
75 %
Sun
26 °
Mon
28 °
Tue
27 °
Wed
28 °
Thu
27 °

FOLLOW US

106FansLike
19FollowersFollow
19FollowersFollow