Sandeep Singh

Sensex, Nifty Surge To Record Closing Highs As Exit Polls Predict NDA Win

Business | NDTV Profit Team | Monday May 20, 2019

Indian equity benchmarks closed at record highs after exit polls predicted win for Bharatiya Janata Party-led National Democratic Alliance (NDA) in the recently concluded general elections. The S&P BSE Sensex surged 3.75 per cent or 1,422 points to close at record high of 39,353 and the NSE Nifty 50 Index climbed 3.69 per cent or 421 points to end ...

Sensex Jumps Over 1,400 Points After Exit Polls Predict NDA Win: 10 Things To Know

Business | Monday May 20, 2019

Domestic stock markets soared on Monday with the Sensex gaining more than 1,400 points, a day after exit polls predicted that the Bharatiya Janata Party led National Democratic Alliance (NDA) will win almost as many seats as it did in 2014 and form a government comfortably. The S&P BSE Sensex surged as much as 1,405.89 points or 3.71 per cent to re...

Nifty Slides Below 11,300 For First Time In Nearly Two Months: 10 Things To Know

Business | NDTV Profit Team | Thursday May 9, 2019

Domestic stock markets started Thursday's session on a lower note, with the Nifty slipping below the 11,300 mark for the first time since March 13, tracking weakness in Asian peers where equities dropped to six-week lows on fresh concerns about global growth. The S&P BSE Sensex fell as much as 224.26 points to 37,564.87, and the Nifty moved to 11,2...

Can't Fund Mediclaim Policy, Grounded Jet Tells Employees: 10 Points

Business | NDTV Profit Team | Tuesday April 30, 2019

Jet Airways' chief people officer, Rahul Taneja, told the airline's employees on Tuesday that the company is not able to fund the premium towards its group mediclaim policy. In a note to the cash-starved airline's staff, Mr Taneja said that the employees' mediclaim policy will lapse on the midnight of May 1. The communication from the Jet Airways t...

Sensex, Nifty End 1.3% Higher As Markets Jump After Three Days Of Losses: 10 Points

Business | NDTV Profit Team | Wednesday April 24, 2019

Domestic stock markets closed around 1.3 per cent higher on Wednesday, breaking a three-day losing streak. The S&P BSE Sensex rose 489.80 points to settle at 39,054.68, and the NSE Nifty ended at 11,726.15, up 150.20 points from the previous close. Strong buying interest in banking, financial services, IT and energy stocks pushed the benchmark inde...

Jet To Get Rs 1,500-Crore Funding As Founder Naresh Goyal Exits: 10 Facts

Business | NDTV Profit Team | Monday March 25, 2019

Jet Airways founder Naresh Goyal and his wife Anita Goyal on Monday resigned from the board of the airline they founded 25 years ago, clearing the way for an immediate bailout of Rs 1,500 crore by lenders. Naresh Goyal's exit was a condition set by bankers for the rescue of the cash-strapped airline that has been struggling with grounded fleet and ...

Tax Gift For "Great Indian Middle Class" As Government Preps For Polls

Business | NDTV Profit Team | Saturday February 2, 2019

A full tax rebate to individuals with income up to Rs 5 lakh in a year has been proposed in Budget 2019. Besides, a raise in standard deduction limit - wherein employees and pensioners are given a flat relief from taxable income - from Rs 40,000 in a year to Rs 50,000 has also been proposed.

Budget 2019: Government Pegs Fiscal Deficit At 3.4% In 2019-20 - 10 Points

Business | NDTV Profit Team | Friday February 1, 2019

Budget 2019: The government has pegged the fiscal deficit target at 3.4 per cent of gross domestic product (GDP) for financial year 2019-20, Union Minister Piyush Goyal said on Friday. "We would have maintained fiscal deficit at 3.3 per cent for year 2018-19 and taken further steps to consolidate fiscal deficit in year 2019-20," Mr Goyal said while...

Interim Budget: What P Chidambaram, Pranab Mukherjee, Jaswant Singh Did

Business | Reported by Akhilesh Sharma, Edited by Sandeep Singh | Friday February 1, 2019

Interim Union Budget 2019: Union Minister Piyush Goyal will on Friday present the interim budget in Parliament. This budget will be the last by the NDA government before Lok Sabha elections due by May. From a cash package for the farmer to tax reliefs for the common man, expectations are high from the annual financial statement of the current admin...

Cabinet Clears Vijaya Bank, Dena Bank, Bank Of Baroda Merger: 10 Points

Business | NDTV Profit Team | Wednesday January 2, 2019

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector. The merged entity will become the third largest bank in the country, after government-owned State Bank of India and private sector lende...

Sensex, Nifty Fall 3% In 3 Days: 10 Things To Know

Business | NDTV Profit Team | Monday October 22, 2018

Stock markets finished lower for the third straight day amid high volatility on Monday. BSE benchmark index Sensex closed 181 points lower at 34,134, while the NSE Nifty shed 58 points to settle at 10,245. Except auto and financial services, all the sectoral indices closed lower. Top laggards on the 50-scrip index Nifty were Induslnd Bank, Bharat P...

Government Takes Over Debt-Ridden IL&FS, Uday Kotak On New Board

Business | NDTV Profit Team | Monday October 1, 2018

The government had sought approval of the National Company Law Tribunal (NCLT) to suspend the existing board of IL&FS citing "continuity of current board prejudicial to public interest".

Rupee Gives Up Most Of Day's Gains Against Dollar: 10 Things To Know

Business | NDTV Profit Team | Thursday September 27, 2018

The rupee gained 22 paise to hit 72.38 at the day's strongest point, but gave up those advances by the end of the session. Measures to boost liquidity in the system and curb the current account deficit announced by the government and the central bank are expected to ease some pressure on the currency, say analysts.

Soldier Who Was Part Of Surgical Strikes Killed In Gunbattle In Kashmir

India News | Indo-Asian News Service | Tuesday September 25, 2018

The Indian Army on Tuesday paid tribute to Lance Naik Sandeep Singh who was killed a day ago in a gunfight in Jammu and Kashmir's Tangdhar sector along the Line of Control (LoC).

Why Mutual Fund Investment Will Become Cheaper: 5 New Rules That May Impact You

Business | NDTV Profit Team | Wednesday September 19, 2018

Sebi on Tuesday announced a spree of changes in rules. Among other reforms, Sebi's board has approved reduction in fees charged by mutual fund houses from investors. That would make it cheaper for the public to invest in mutual funds. The reform measures came after weeks of fund outflow-related concerns raised by market participants, amid soaring ...