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BSE Sensex loses 245 Points, Nifty down 84 Points
After remaining range-bound for the bulk of Wednesday's trading session, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended with a loss of 244.75 points, with the mood unaffected by official data showing further…
Arun Jaitley justifies Rs 40,000 cr Tax Demand on FIIs
Union Finance Minister Arun Jaitley has justified the Rs 40,000 crore tax demand on Foreign Institutional Investors (FIIs) in India after the latter lost a case against levy of 20% Minimum Alternate Tax on capital gains at the Tribunal.…
Vedanta supports PM’s clarion call on LPG Subsidy
Mr. Anil Agarwal, Chairman, Vedanta Group, tweeted, “Vedanta supports PM’s clarion call; Opt out of LPG Subsidy. Redeployed funds to benefit the needy & contribute to nation’s cause #GiveitUp”
Prime Minister Narendra Modi, mindful of…
Rooftop Solar Projects offer business opportunity of Rs.4 lakh Cr.
Grid connected rooftop solar power offers a major business opportunity of up to Rs.400,000 crore, a senior government official said on Tuesday.
"Grid connected rooftop solar power is the most important sector as far as renewables are…
World Bank pegs India’s Growth at 8 Percent Next Fiscal
The World Bank has forecast India’s growth accelerating to 8 percent for the next fiscal and said the country is well-placed in a region that has not only logged the highest economic expansion but would benefit the most from cheap oil.…
Govt to bring down Transmission Losses to save 200 bn Units
The government aims to bring down transmission losses to save 200 billion units, or 10 percent of the power consumption achieved, in the next five years, Power Minister Piyush Goyal said on Monday.
“As we increase our energy consumption…
India’s March Consumer Price Inflation eases to 5.17 Percent
India's consumer price inflation for March eased to 5.17 percent from 5.37 percent in February 2015, government data showed on Monday.
The March CPI was considerably down from 8.25 percent recorded in the corresponding month of 2014.…
BHEL commissions 600 MW Thermal Unit in Chhattisgarh
State-owned power equipment-maker Bharat Heavy Electricals Limited (BHEL) on Monday said it has commissioned a second 600 MW thermal unit in Chhattisgarh's Janjgir Champa District for the Dainik Bhaskar Power Limited.
"This is the second…
BSE Sensex ends at 29,041.35 Points up 0.56 Percent
A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), closed Monday's trade with gains of over 165 points, as healthcare and capital goods stocks rose.
The wider 50-scrip Nifty of the National Stock…
Integrated Energy Policy being Developed: NITI Aayog
The NITI Aayog will soon come out with an integrated policy that would be the blueprint to help meet the country's massive demand for energy, it was announced on Monday. "We will have a national energy policy. We are in discussions with our…