Business

Sitharaman also said the increase in surcharge on foreign portfolio investments (FPI) was not intended to hurt investors, according to an interview published by the paper.

The 30-share Sensex ended 16.67 points or 0.04 per cent lower at 37,830.98. The broader NSE Nifty too shed 19.15 points or 0.17 per cent to settle at 11,252.15.

After the news broke out, IndiGo shares hit an intra-day high of Rs 1,579 piece, recovering nearly 9% from its intra-day low of Rs 1,450.20. At 2:39 pm, the stock was trading at Rs 1,576, up 3.5%, on BSE.

Deutsche, one of the most important banks for the global financial system, has been plagued by losses and scandal, prompting it to embark on one of the biggest overhauls to an investment bank since the financial crisis.

The Shanghai Composite Index was down 1.1%, but all eyes were on the debt of China's new Nasdaq-style STAR tech board. It had a wild opening day as expected, with most firms surging and circuit breakers popping in early trade.

Indigo on Sunday said its board of directors has decided to amend the Articles of Association for expanding the board up to a maximum of 10 members, including four Independent directors.

Promotions and fresh appointments have also been frozen ahead of the stake sale for Air India. The government is looking to complete the Air India stake sale in the next four to five months.

The 36th meeting of the Council, which will happen through video conferencing, is also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST.

The Minister said that the line of credit will be used to fund the ambitious Bharatmala project, the revised cost of which has reached Rs 8.41 lakh crore.

Consolidated income of the bank rose to Rs 34,324.45 crore April-June 2019 from Rs 28,000.06 crore in the year-ago quarter, the HDFC bank said in a regulatory filing.

The low-cost carrier said it would start 16 new domestic flights too that will connect Hyderabad with eight cities across India.

Shares of Yes Bank were trading at Rs 89, down 9.6%, on BSE after hitting an intra-day low of Rs 79.15. The stock had fallen 5.2% in the previous trading session as well and is down nearly 47% so far in 2019.

Both PNB and Allahabad Bank said in separate stock exchange filings that BPSL has misappropriated bank funds and manipulated books of accounts to raise funds from the consortium of lender banks.

The destruction of quality-control paperwork and a lack of adequate documentation that its medicines are safe 'raise questions about the effectiveness' of Strides's quality unit, the FDA wrote in its letter.

The lenders list spares, slots and routes as the 'assets' of the airliner that was promoted by Naresh Goyal and operated its last flight on April 17. The airline was sent to the NCLT on June 17.

DHFL shares bounced back nearly 6% after falling 29% in the previous trading session after reporting record loss of Rs 2,224 crore in the March quarter.