Business

Axis Bank cuts home loan rates by 0.30% to 8.35%

Axis

Mumbai, May 18: Taking a cue from its larger rivals, private sector lender Axis Bank on Thursday announced a rate cut of up to 0.30 percent for home loan borrowers Under the new rates, which are effective from May 16, the rate of home loans under Rs 30 lakh by salaried borrowers has been cut by 0.30 percent to 8.35 ...

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Sensex gets off record high, dives 222 points

Sensex

Mumbai, May 18: A back-to-back record-setting run on Thursday made stocks do a reality check when the Sensex plunged over 222 points and the Nifty cracked below 9,500 in early session amid dollar outflows and a sluggish trend overseas. All sectoral indices flashed red, down by up to 1.19 percent, with realty, consumer durables, bank and auto registering much losses. ...

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Facebook fined 150,000 euros by French data watchdog

Facebook

Paris, May 17: Facebook has been fined 150,000 euros ($165,645) by France`s CNIL data watchdog for failure to prevent its users` data from being accessed by advertisers. CNIL said its fine – which was imposed on both Facebook Inc and Facebook Ireland – was part of a wider European probe also being carried out in Belgium, the Netherlands, Spain and ...

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Apple begins production of iPhone SE model in India

Apple

Bengaluru, May 17: In a bid to gain foothold in the fast-growing Indian smartphone market, Apple on Wednesday announced commencement of initial production of its popular iPhone SE model at its Bengaluru facility. “We are beginning initial production of a small number of iPhone SE in Bengaluru. iPhone SE is the most popular and powerful phone with a four-inch display ...

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Markets soar to record-smashing heights for 2nd day, Nifty scales 9,500-mark

Markets soar

Mumbai, May 17: : Markets soared to record-smashing heights for the second straight session Tuesday as investors remained enthused by the early onset of monsoon amid quarterly earnings cheer. Benchmark Sensex finished at a fresh lifetime high of 30,582 while the broader Nifty closed above the 9,500-mark for the first time. Both indices had hit record highs in yesterday’s trade ...

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91 lakh new taxpayers added, undisclosed income of Rs 16,398 crore identified post demonetisation

91 lakh

New Delhi, May 17: Personal income tax return filing has gone up post-demonetisationdue to ownership of unanimous money being identified, Finance Minister Arun Jaitley said on Tuesday. It is no longer safe to deal with excessive cash, tax evaded money, Finance Minister said. Undisclosed income of Rs 16,398 crore identified post demonetisation, CBDT Chairman said. He further said that 91 ...

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India’s GDP to grow at 7.5% in 2017-18, says FM Arun Jaitley

Arun Jaitely

Washington, April 23: Indian economy will grow at a clip of 7.5 per cent this fiscal, up from 7.1 per cent in the previous year, and remains resilient with low inflation, fiscal prudence and low deficit, finance minister Arun Jaitley has said. Participating in G-20 finance ministers’ and central bank governors’ meeting, he said emerging economies have become increasingly important in ...

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Sensex, Nifty edge lower on global weakness, earnings eyed

Sensex, N

New Delh, April 17: Geo-political issues continued to dominate the scene as the Sensex slipped over 88 points in early part today, mirroring global losses. The weakness remained for the third session as the 30-share index fell 88.32 points, or 0.30 per cent, to 29,373.13. Much of the softness came from metal, IT, FMCG, technology and auto. The gauge had lost ...

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