BUSINESS

Yes Bank: ED arrests 2 Cox and Kings Group executives

11:14 pm October 6, 2020

Mumbai: The Enforcement Directorate (ED) on Tuesday arrested the former CFO and the former internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were arrested under the provision […]

GST Council leaves tax rate on vaccines unchanged

Surcharge on cars, tobacco extended beyond June 2022; GST Council splits on state compensation

11:39 pm October 5, 2020

New Delhi: The GST Council on Monday decided to extend the surcharge on taxes over luxury goods such as cars, and tobacco products beyond June 2022, but failed to reach a consensus on ways to compensate states for loss of tax revenue. The panel, which decides on tax rates and structure after 17 central and […]

Gold declines Rs 389, silver tumbles Rs 466

6:39 pm October 5, 2020

New Delhi: Gold prices fell by Rs 389 to Rs 51,192 per 10 gram in the national capital on Monday, in line with a weak global trend, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 51,581 per 10 gram. Silver prices also declined Rs 466 to Rs 61,902 […]

Rupee settles 16 paise lower at 73.29 against US dollar

3:27 pm October 5, 2020

Mumbai: The rupee depreciated by 16 paise to close at 73.29 (provisional) against the US dollar on Monday even as the domestic equity market was trading with significant gains. The Indian currency opened at 73.16 at the interbank forex market and touched an intra-day high of 73.08 and a low of 73.41 against the greenback. […]

Sensex, Nifty open session on firm footing

12:34 pm October 5, 2020

Mumbai: Equity benchmarks Sensex and Nifty started the session on a high note on Monday, powered by financial and technology stocks amid positive cues from Asian markets. The BSE Sensex rallied over 253.33 points or 0.65 per cent to trade at 38,950.38 and the NSE Nifty rose 93.45 points or 0.82 per cent to 11,510 […]