Auto sector slowdown affecting GST compensation cess kitty: Sushil Modi
Sushil Modi, who heads the Group of Ministers (GoM) on GST revenue shortfall, said that the economic slowdown, particularly the muted sales in the automobile sector, is leading to lower collections in the new indirect tax regime. Speaking at an event, he said that the automobile sector is a major contributor to the GST compensation pool.
No menopause policy for women employees in government, private sectors
The minister said before taking any decision on the issue of formulati...
Share market update: Auto shares in the green; Bharat Forge up 1%
The Nifty Auto index was trading 0.24 per cent up at 7960.95 .
D-Street bulls take a U-turn in absence of clear signposts
The Sensex and the Nifty ended 0.8 per cent down at 40,445.15 and 11,921.50, respectively.
Business decisions taken by bank officials won’t be questioned: PM
The PM said his government is promoting professionalism especially in civil services.
Buy Bajaj Auto, price target Rs 3,375: Kunal Bothra
The analyst suggested a stoploss at Rs 3230.
Modi government taking several steps to incentivise renewable energy sector: R. K. Singh
The government is facilitating developers by allowing Foreign Direct Investment (FDI) of up to 100% through the automatic route. Moreover, Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind power shall also be waived for renewable projects commissioned by December 2022.
Time to hold, not sell auto stocks: Devang Mehta, Centrum India
A combination of fiscal and monetary policies could help the economy recover.
Share market update: Auto stocks up ahead of RBI's policy outcome
The Nifty Auto index was trading 0.28 per cent up at 8019.2 .
Share market update: Auto shares mixed; Bajaj Auto up 1%
The Nifty Auto index was trading 0.2 per cent up at 8028.4 .
Vodafone Idea will close if govt does not provide any relief: KM Birla
Vodafone Idea Ltd, the India's third largest mobile service provider, will shut down if the government does not provide relief on the liabil...
RBI keeps repo rate unchanged, real estate sector disappointed
In five successive reductions so far in 2019, the Reserve Bank of India has cut interest rates by a cumulative 135 basis points since February in an attempt to bolster growth and also liquidity in the financial system. With no reduction today, the cumulative decrease in repo rate stands at which banks borrow from it—remains unchanged at 5.15%.
Analysts cautious on growth from DXC for Mphasis
DXC has been streamlining its business by expanding its offshore presence, making analysts cautious about its dependency on Mphasis, with some pulling back expectations from the channel and others revising their estimates. Business from DXC accounts for up to 28% of revenue. Mphasis has been able to grow revenues from its ‘direct core’ segment.
Buy Bajaj Auto, price target Rs 3,340: Manas Jaiswal
The analyst suggested a stoploss at Rs 3219.
Share market update: Bank, auto, realty stocks slip after RBI keeps repo rate unchanged
This halt came after five consecutive cuts. The shortterm lending rate, or repo rate, was unchanged at 5.15 per cent.
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