Relief likely for Sebi-listed FPIs from super-rich levy

Directive could be issued under Sec 119 of I-T Act to provide reprieve to FPIs & AIFs registered as trusts.

from Economy-News-Economic Times https://ift.tt/2LXeH7q
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SBI profit falls below expectations, Kumar invokes the gods

June quarter profit at Rs 2,312 cr; increase in fresh slippages spooks market; stock falls 2.8%.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Mz0k8N
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Banking

June quarter profit at Rs 2,312 cr; increase in fresh slippages spooks market; stock falls 2.8%.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Mz0k8N

Too much of reforms has led to slowdown: NITI Aayog CEO

Amitabh Kant attributes downshift to spate of measures including GST, RERA and IBC

from The Hindu - Economy https://ift.tt/2Kp0RYc
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India slips to 7th largest economy in 2018: World Bank

India has been pushed to the seventh place in the global GDP rankings in 2018 with the UK and France forging ahead to the fifth and sixth spots, data compiled by the World Bank showed. In 2017, India had emerged as the sixth largest economy, while France was pushed to the seventh place in the global GDP league table.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LUUIWY

Sensex tanks over 350 points; Nifty below 10,900

Equity indices started on a lower note on Friday with the benchmark BSE sensex diving over 350 points amid weak show from metal and realty stocks. Sensex plunged 369 points or 1 per cent to 36,650; while the broader NSE Nifty tanked 100 points or 0.91 per cent to 10,880.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/317xTms

Fairfax announces acquisition of shares of Quess Corp

We are excited to increase our ownership of Quess and we expect to further increase our shareholding in the future as we believe that Quess will be a great long-term investment, Prem Watsa added.

from India Infoline News Service https://ift.tt/2LXh0HO

Tata Power down 3.5% on flat profit growth in Q1 at Rs254cr

During the quarter, the company added 150 MW of renewable capacity.

from India Infoline News Service https://ift.tt/2GJN2Td

Sensex slips further, down 300 points; HDFC twins, ICICI Bank stocks drag

Hero MotoCorp, Grasim and Vedanta fell in todays trade, while Airtel, Asian Paints and Yes Bank gained in todays trade.

from India Infoline News Service https://ift.tt/2GFyWCw