Govt hikes import duty; smart watches, select communication items to cost more
Agencies | October 12, 2018 16:12 ISTThis is the second round of import duty hike after the government on September 26 increased import duty on 19 items.
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This is the second round of import duty hike after the government on September 26 increased import duty on 19 items.
In the smartphone category, Flipkart said it sold over three million units in a day -- a new record by the Walmart-backed company that started sale in the smartphone category on the second day of its 'Big Billion Days' sale.
According to the survey, high growth is expected in cement and ceramics, capital goods, automotive and medical devices and technologies in Q2 2018-19.
Responding to questions, Kudlow refrained from providing any further detail about the nature of the talks with India.
The gauge finally ended 759.74 points, or 2.19 per cent, lower at 34,001.15. This is the lowest closing since April 11.
The scrip of Hindustan Petroleum Corporation zoomed 14.70 per cent, Indian Oil Corporation 5.39 per cent and Bharat Petroleum Corporation Limited gained 5.11 per cent on the BSE.
The remarks by Martin Rama, the Chief Economist for the South Asia region of the World Bank, came as the rupee hit an all-time low of 74.45 against the US dollar on Thursday.
The shares of major aviation stocks surged by nearly 14 per cent on Wednesday.
Online channels will see around 42 per cent of the total business in smartphones, which will hog the limelight this festival season.
Tata Sons and Tony Fernandes-owned AirAsia Bhd hold a 49 per cent stake each in the airline, while the remaining 2 per cent is held by Tata veterans S Ramadorai and R Venkataramanan.
The broader Nifty slipped below the 10,200-mark by tumbling 281.70 points, or 2.69 per cent, to 10,178.70.
Forex dealers said besides strong demand for the American currency from importers, concerns of fears of rising fiscal deficit and capital outflows weighed on the domestic currency.
The revised rates of petrol and diesel in Delhi stood at Rs 82.36/litre and Rs 74.62/litre respectively.
Chief Judicial Magistrate BH Kapadia declared Modi an absconder in a case filed against him in December 2014 by the Mumbai zonal unit of the DRI.
Total income of the bank for the quarter under review stood at Rs 1,836.07 crore, up 36.73 per cent, against Rs 1,342.76 crore as on September 30, 2017, Bandhan Bank said in a regulatory filing.
Last month, US President Donald Trump imposed USD 200 billion tariff on Chinese imports. China retaliated by imposing tariffs on about USD 60 billion of US imports.
The move by the companies comes after FSSAI asked them in July to stop using edibles supplied by non-licensed operators.
Besides, healthy buying in banking, capital goods and automobile stocks coupled with hopes on revival of the NBFC sector enhanced investors' risk-taking appetite.
According to the latest data available with the markets regulator Sebi and depositories, fund managers lapped up shares to the tune of Rs 11,638 crore last month. On the other hand, FPIs pulled out Rs 10,825 crore from equities.
Asked if she would like to join US President Donald Trump’s cabinet now that she has stepped down as Pepsi CEO, Nooyi said, “Me and politics don’t mix at all. I am too outspoken, I am not diplomatic. I don’t even know what diplomacy is. I would cause a third World War. Don’t do it”.
National capital’s 163 super rich are estimated to have a total wealth of Rs 6,78,400 crore.
The company is also providing cashback to entice customers.
In its latest fiscal stability report, the IMF said that despite an undeniable progress towards a safer global financial system in a decade since the economic crisis, clouds still appear over the horizon.
The RBI said it has the right to decide on the quantum of purchase of individual securities and can also accept offers for less than Rs 12,000 crore.
Replying to RTI activist Chandrashekhar Gaud's query, SBI said that 669 cases of fraud amounting to Rs 723.06 crore were reported in the first quarter (April-June). While 660 cases, involving an amount of Rs 4,832.42 crore, came to the fore in the second quarter (July-September).
The domestic currency failed to sustain the momentum after Brent crude breached the USD 84 per-barrel-mark again and the US dollar strengthened overseas.
The stock cracked 13.40 per cent to end at Rs 184.25 on the BSE. During the day, it slumped 19.78 per cent to Rs 170.65, its multi-year low level. On NSE, the scrip dropped 13 per cent to close at Rs 184.55.
The benchmark Sensex settled at 34,299.47 and the Nifty50 provisionally closed at 10,301.05, down by 47.00 points.
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