Business

The Sensex made a good start on Monday latching onto the progress made on the GST front by bouncing over 146 points and the NSE Nifty retook 9,600 amid a rising trend in Asia.

A steel plant would soon come up at Manoharpur in West Singhbhum district, Jharkhand Chief Minister Raghubar Das said in Jamshedpur on Sunday.

Aiming to tap the upbeat investor sentiment, two companies - CDSL and GTPL Hathway - will launch initial public offers (IPOs) this week to raise over Rs 1,000 crore.

Tax rates for as many as 66 items including kitchen staples like pickles and mustard sauce under the ensuing GST regime were cut today to meet demands from various quarters.

India has complained to the World Trade Organization that the United States has failed to drop anti-subsidy duties on certain Indian steel products after losing an earlier ruling, a document published by the WTO said on Friday.

S&P Global Ratings on Wednesday cut Qatar's credit rating by one notch AA- and put it on watch for further downgrades after six Gulf partners severed ties.

Finance Minister Arun Jaitley on Monday said that the Goods and Services Tax (GST) is a simplified indirect tax regime and there is no reason to further postpone its targeted July 1 roll-out date.

Stock markets came off their peak and turned weak early on Monday on emergence of profit-booking after recent rally amid mixed Asian cues.

The gems and jewellery industry on Saturday welcomed the Centre's decision to keep the goods and services tax rates (GST) for gold at 3 per cent, which is almost in the same range being levied by most of the states at present.

BSE Sensex, which had lost 21.81 points in the past two sessions, bounced back by 194.97 points, or 0.62% to trade at 31,332.56

Arun Jaitley on Thursday said the resolution of staggering levels of bad loans is work in progress and some visible action will be taken within next few days under the recently passed NPA ordinance.

The rupee weakened by 16 paise to 64.66 against the US dollar in early trade today following increased demand for the American currency from importers and banks amid a lower opening of the domestic equity market.

Driven by government spending, the order book of 50 companies constructing highways in EPC mode may touch Rs 1 lakh crore and their topline is set for 15 percent growth this fiscal, rating agency Crisil has said.

The vision document for the proposed "Asia-Africa Growth Corridor (AAGC)" supported by Japan and India has been unveiled on Wednesday during the 52nd Annual Meeting of the African Development Bank (AfDB) here.

The Minister said in the next five to seven years, India's digital economy will be of an estimated $1 trillion, which is almost Rs 600 lakh crore.

The government is likely to introduce in the monsoon session of Parliament a separate bankruptcy law to deal with insolvency in financial sector companies that include banks and NBFCs.