1. You Are At:
  2. English News
  3. Business News
  4. From FPIs surcharge to good news for Auto sector: Top business headlines at this hour

From FPIs surcharge to good news for Auto sector: Top business headlines at this hour

Following are the top business stories of Friday, August 23. Nirmala Sitharaman's much-awaited announcement on FPI surcharge is finally here along with some good news for Auto sector that was witnessing its worst crisis in decades. IndiaTvNews.com brings to you the business news round-up of the day.

India TV Business Desk India TV Business Desk
New Delhi Updated on: August 23, 2019 19:07 IST
Business news round-up on Friday, August 23.
Image Source : INDIA TV

Business news round-up on Friday, August 23. Nirmala Sitharaman announced a string of measures to boost the economy.

Following are the top business stories of Friday, August 23. Nirmala Sitharaman's much-awaited announcement on FPI surcharge is finally here along with some good news for Auto sector that was witnessing its worst crisis in decades. IndiaTvNews.com brings to you the business news round-up of the day. 

Enhanced surcharge on FPIs removed: Sitharaman

Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday announced rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.

Govt to upfront infuse Rs 70,000-cr capital into public sector banks

Finance Minister Nirmala Sitharaman on Friday announced upfront capital infusion of Rs 70,000 crore into public sector banks, a move aimed at boosting lending and improving liquidity situation.

India's GDP expansion much higher than global growth: FM

New Delhi: Seeking to dispel doubts over the economy and government's growth agenda, Finance Minister Nirmala Sitharaman on Friday said the India's GDP continues to grow at a faster pace than the global economy and any other major economy.

Amazon signs deal to buy stake in Future Retail

New Delhi: American e-commerce giant Amazon has signed a deal that would give it the option to take a significant stake in Future Retail Ltd, gaining access to physical stores across the world's fastest-growing retail market.

12.19 lakh new jobs created in June: ESIC payroll data

New Delhi: Around 12.19 lakh jobs were created in June, lower than 12.88 lakh added in the previous month, according to the latest payroll data from the Employees' State Insurance Corporation (ESIC).

Markets snap 3-day losing streak on stimulus hopes; log weekly losses

Snapping its three-session falling streak, market benchmark BSE Sensex rebounded 228 points on Friday on expectations of FPI tax rollback and some measures by the government to boost growth.

Rupee rebounds 15 paise to 71.66 against USD

The rupee spurted 15 paise to close at 71.66 against the US dollar on Friday on hopes that the government will roll back the FPI surcharge and unveil measures to boost growth.

Gold rises for fourth consecutive day, touches fresh high of Rs 38,995

Mumbai: Continuing its record-setting trend for the fourth consecutive day, gold prices rose Rs 25 on Friday to reach a record high of Rs 38,995 per 10 gram in the national capital amid a weaker rupee, according to the All India Sarafa Association.  

IBC can't resolve power sector crisis, but ARCs can: Secy

Mumbai: Financially crippled power companies cannot be revived or resolved under the provisions of the existing bankruptcy laws, but asset reconstruction companies can better deal with them, a senior government official said Friday. 

Also Read | BS IV vehicles purchased till March 2020 valid for period of registration, says Sitharaman

Also Read | Big relief for markets as Nirmala Sitharaman rolls back tax surcharge on FPIs

Watch Finance Minister Nirmala Sitharaman's full press conference 

Write a comment

Bigg boss 13