GST returns filing: Compliance optimal now at 70%, says GST Network's chief executive
Why Arun Jaitley is right on the oil taxes
Piyush Goyal meets bank chiefs: PSBs to help MSMEs, genuine borrowers
Competition not a worry, we are focussing on volume growth, says group chief financial officer of Mahindra & Mahindra
Irrfan opens about his battle with neuroendocrine tumour, sends emotional note
- GST returns filing: Compliance optimal now at 70%, says GST Network's chief executive
- Income Tax: Professional fees is not salary; use ITR-4 to file return u/s 44ADA
- TCS Buyback: Should you go for it?
- Piyush Goyal meets bank chiefs: PSBs to help MSMEs, genuine borrowers
- Google's Android Messages finally arrives on desktops, will take on WhatsApp, iMessage
Market News
Sell-off dents Dalal Street! Sensex tumbles 452 points in 4 days; 4 reasons why
Abhijeet Singh | June 19, 2018 4:25 PM
The benchmark Sensex index has lost about 452 points in the last 4 days due to the widening of trade deficit and jittery over trade tensions between two biggest economies of the world. We take a look at four reasons for the Sensex losses.
Bulls ahead! Sensex to hit 44,000 by June 2019, says Morgan Stanley; 3 hot sectors for your portfolio
Abhijeet Singh | June 19, 2018 2:50 PMThe global research and brokerage firm Morgan Stanley has forecasted a bull case target for benchmark Sensex at 44,000 by June 2019. Going ahead, improving growth, reasonable large-cap valuations and a low beta are seen as upside triggers for India's share market.
Petrol, diesel prices today: Another cut after 4 days; check rates in Delhi, Mumbai, other cities
FE Online | June 19, 2018 7:12 AMBorosil Glass rallies 20% on 3:1 bonus issue: When will you get bonus shares, dividend in your account
FE Online | June 19, 2018 10:09 AMTCS share price today: TCS trades flat; check share buyback details, acceptance ratio and share price forecast
FE Online | June 19, 2018 12:49 PMOMCs day: IOC, HPCL, BPCL rally up to 6% after Brent, WTI crude oil prices hit 2-month low
FE Online | June 18, 2018 2:22 PMRupee falls back to 68 level, drops to 3-week low vs US dollar: 3 reasons why
FE Online | June 16, 2018 12:43 PM-
Maintain ‘buy’ on Tejas, see strong India business growth
Axis Capital | June 21, 2018 1:43 AMTejas’ management in the analyst meet reiterated 20% CAGR revenue guidance for FY17-20E led by a strong order book to be executed over FY18-20E (after muted FY18) implying a stronger growth.
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RITES IPO subscribed 0.6 times on Day 1
FE Bureau | June 21, 2018 1:34 AMThe initial public offer (IPO) of RITES was subscribed 0.6 times on Wednesday, the first day of the offer, with investors bidding for 1.50 crore shares of the 2.52 crore shares offered to them.
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Maintain ‘buy’ on Crompton with a target price of Rs 260
ICICI Securities | June 21, 2018 1:25 AMCrompton Consumer (Crompton) has corrected 20% since January 2018 driven by two successive quarters of lower than expectations results. From an FY19-FY20 perspective, there are multiple positive levers available to the company.
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Sugar prices decline Rs 100-150 per quintal on subdued demand
Nanda Kasabe | June 21, 2018 1:01 AMFollowing an initial spike in prices last week after the Centre declared a Minimum Floor Price for sugar, rates have dipped once again by Rs 100-150 per quintal this week on weak demand from the market.
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Growers, tyre companies at odds over port waivers for natural rubber
FE Bureau | June 21, 2018 12:45 AMRubber growers, bogged down by poor price realisation, are agitated over the Centre easing port restrictions for NR (natural rubber) imports under AAS (Advanced Authorisation Scheme of imports for exports).
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RITES IPO subscribed 60% on Day 1 of bidding
PTI | June 20, 2018 8:11 PMThe initial public offer of railways consultancy firm RITES was subscribed 60 per cent on the first day of the three-day bidding today.
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InterGlobe Aviation shares tank 7.5%; m-cap falls Rs 3,536 cr amid reports that ED has summoned top management
PTI | June 20, 2018 6:51 PMShares of InterGlobe Aviation slumped 7.5 per cent today, eroding Rs 3,536 crore from the company’s market valuation, amid reports that Enforcement Directorate (ED) has summoned top management of the company.
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Amid ED summon report, InterGlobe Aviation shares tank 7.5%, market cap falls Rs 3,536 crore
PTI | June 20, 2018 6:01 PMShares of InterGlobe Aviation slumped 7.5 per cent today, eroding Rs 3,536 crore from the company’s market valuation, amid reports that Enforcement Directorate (ED) has summoned top management of the company.
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Domestic funds remain invested in Sensex, Nifty as crude oil, rupee, bond yields deter foreign fund inflow
PTI | June 20, 2018 5:18 PMFII flows have seen a bumpy ride so far this year, with a meagre investment of $15 million, while domestic institutional investors (DIIs) continue to invest more aggressively into the Indian equity market and have bought net assets worth $7.9 billion, says a report.
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Sensex surges 260 points on positive global cues; RIL, banking stocks top gainers
FE Online | June 20, 2018 4:32 PMSupported by positive global cues and robust buying in stocks of Reliance Industries, Vedanta and couple of banking stocks, the domestic equity markets closed higher — breaking a two-day losing streak.
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Tiny Kyrgyzstan hoards gold as shield against US-China trade war
Bloomberg | June 20, 2018 4:32 PMWhat do you do when your two biggest trading partners are embroiled in economic standoffs with the U.S.? You buy as much gold as you possibly can.
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Xiaomi is said to set terms for up to $6.1 billion Hong Kong IPO
Bloomberg | June 20, 2018 4:17 PMXiaomi Corp. has set tentative terms for a Hong Kong initial public offering that could raise as much as $6.1 billion, people with knowledge of the matter said.
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Anmol Industries files IPO papers with Sebi
PTI | June 20, 2018 4:15 PMBiscuit maker Anmol Industries has filed draft papers with markets regulator Sebi for its initial public offering (IPO).
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Xiaomi IPO has China’s moms and pops paying Lei Jun
Bloomberg | June 20, 2018 4:02 PMEver since establishing Xiaomi Corp., the 48-year-old has been proud to sell hardware to millions of consumers at cut-rate prices, gifting them cheap phones at the cost of corporate profit.
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SEBI board to meet tomorrow; amendments to buyback, takeover norms on agenda
PTI | June 20, 2018 2:51 PMRegulator Sebi’s board is likely to discuss tomorrow proposed overhaul of governance norms for market infrastructure institutions as well as amendments to buyback and takeover norms, a senior official said.
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GST on petrol, diesel: No relief as it won’t be pure GST; new tax structure on fuel may look like this
PTI | June 20, 2018 2:01 PMA peak tax rate of 28 percent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the GST regime, a top government official said.
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China at risk of losing title of world’s number two stock market
Bloomberg | June 20, 2018 12:30 PMChina has been home to the world’s second-largest equity market since it overtook its Asian neighbor at the end of 2014, according to data compiled by Bloomberg.
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Blackstone gears up for India’s first REIT IPO, but interest rates threaten to get in way
Bloomberg | June 20, 2018 12:21 PMAbout two years after Blackstone Group LP registered India’s first real estate investment trust, the private equity giant is close to taking it public. Rising interest rates threaten to get in the way.
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Sensex today: RITES IPO retail portion subscribed 1.65 times amid heavy bidding; ADAG shares rally, RCom up nearly 5%
FE Online | June 20, 2018 6:08 PMRITES IPO live updates: Retail investors seemed to have gathered for RITES IPO as the quota reserved for retail investors has been subscribed more than 35% within 2 hours. India’s share market was trading higher on Wednesday with BSE Sensex rallying over 200 points.
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Bharat 22 ETF opens for retail investors today; things to know before you put money
FE Online | June 20, 2018 12:10 PMThe further fund offer (FFO) of Bharat-22 exchange-traded fund (ETF) has been opened for subscription by non-anchor investors today and will remain open till June 22.
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Big bang IPO next on mind, but first IIFL Wealth Management raises Rs 746 crore by private sale of 5.1% stake
FE Online | June 20, 2018 12:07 PMIIFL Wealth Management, a subsidiary of IIFL Holdings, has issued nearly 44.90 lakh shares to a set of financial investors to raise Rs 745.71 crore by selling 5.1 percent stake.
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US-China trade war: How India stands to be a winner in the global cotton market
Bloomberg | June 20, 2018 10:45 AMIn the global cotton market, India stands to be a winner amid escalating trade tensions between the US, the world’s top exporter, and China, the biggest buyer.
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Fine Organic IPO opens: 8 facts to know about Rs 600 crore issue before investing
FE Online | June 20, 2018 10:17 AMFine Organic Industries IPO: The initial public offering of Mumbai-headquartered oleochemical-based additives manufacturer Fine Organic Industries opened today, 20 June 2018, for subscription with an aim to raise about Rs 600 crore from the share sale at the upper end of the price band.
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South Korea’s Bithumb loses $32 mln in digital money heist, bitcoin falls
Reuters | June 20, 2018 10:20 AMBithumb said in a notice on its website on Wednesday that it had stopped all trading after ascertaining “some cryptocurrencies worth about 35 billion won were seized between late yesterday and early morning today.”
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Rupee recovers from 1-month low; up 32 paise against US dollar
PTI | June 20, 2018 9:36 AMForex dealers said selling of the greenback by banks and exporters supported the rupee but the dollar’s strength against other currencies overseas capped the gains.
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RITES IPO opens today: 5 key things to know before you subscribe to public issue
FE Online | June 20, 2018 9:35 AMRITES IPO opens today: The state-owned railways consultancy firm Rail India Technical and Economic Services (RITES) opens its initial public offering for subscription today.
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End of an era? General Electric dropped from America’s Dow index for first time in over 100 years
IANS | June 20, 2018 9:06 AMGeneral Electric (G.E.), the last original member of the Dow Jones Industrial Average, was dropped from the blue-chip index for the first time in 110 years and replaced by the Walgreens Boots Alliance drugstore chain.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
