Friday, Nov 22, 2019 | Last Update : 06:08 AM IST


Finance Commission Chairman N K Singh.

Current economic slowdown episodic, says N K Singh

India's economic growth hit a six-year low of 5 per cent in the first quarter of the current fiscal.

Finance Minister Nirmala Sitharaman. (Photo: File)

Nirmala Sitharaman reviews state of economy at FSDC meeting

RBI and other regulators are looking at financial at it holistically, he said when asked about stress in the financial sector.

The sharp reduction in tax rates will drag heavily on revenue collection.

Fitch raises India's FY20 fiscal deficit forecast to 3.6 pc of GDP

The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during FY2019-20.

India will secure capital, world-class technology and implement any policy reforms needed to become an international energy leader, Petroleum minister Dharmendra Pradhan said at an energy conference in New Delhi. (Photo: File)

India seeks foreign investments in oil and gas sector: Pradhan

India wants to be the new destination for global energy players, said oil minister Dharmendra Pradhan.

Although the Nikkei/IHS Markit Services Purchasing Managers’ Index (PMI) rose to 49.2 last month from 48.7 in September, it remained below the 50-mark threshold separating contraction from growth on a monthly basis.

India's October services activity contracts for second straight month

Last time services activity contracted for two consecutive months was in August 2017 following the GST implementation.


The broader NSE Nifty slipped 33.20 points, or 0.28 per cent, to 11,807.25.

Market turns jittery on weak macro data, global cues

After opening on a positive note, the 30-share index turned choppy to trade 54.61 points, or 0.14 per cent, lower at 40,061.45.

On the Multi Commodity Exchange, crude oil prices for November delivery dropped by Rs 3, or 0.07 per cent, to Rs 4,040 per barrel with a business volume of 30,797 lots.

Crude oil futures slip on weak global cues

The fall in crude oil futures was mostly due to trimming of positions by traders, in line with weak global cues, analysts said.

The broader NSE Nifty fell 73 points, or 0.61 per cent, to end at 11,840.45. (Photo: File)

Sensex tumbles 229 points as weak macro data, rupee woes weigh

The 30-share Sensex ended 229.02 points, or 0.57 per cent, lower at 40,116.06.

The broader Nifty reclaimed the 12,000 mark. It was quoting at 87.25 points, or 0.73 per cent, up at 12,027.35.

Sensex rallies over 300 points to hit record peak; RIL jumps 4 pc

After hitting a high of 40,816.38, the 30-share index was trading 321.20 points, or 0.79 per cent, higher at 40,790.90.


Alibaba will sell 500 million shares to investors at HK dollar176

Alibaba eyes USD 12.9 bn Hong Kong IPO after setting price: reports

Asia's biggest company has called the listing a multi-billion-dollar vote of confidence in the city's markets.

Riding on a 3 per cent surge in its stock price, Reliance Industries (RIL) on Tuesday became the first company in India to hit a market capitalisation of Rs 9.5 lakh crore.

RIL stock jumps 34 per cent this year

The scrip has climbed 34 per cent year-to-date, outperforming the Sensex, which grew 12 per cent during the period.

NBCC and Suraksha Realty took part in the bidding process but their plans were rejected by the lenders.

NBCC, Suraksha Realty submit revised bids for Jaypee Infra

This will be the third round of bidding process in the Jaypee Infratech insolvency matter.

Essar Steel was auctioned under the new Insolvency and Bankruptcy Code to recover Rs 54,547 crore of unpaid dues of financial lenders and operational creditors.

ArcelorMittal aims to complete Essar Steel acquisition by 2019-end

The Supreme Court on Friday paved the way for ArcelorMittal takeover of Essar Steel for Rs 42,000 crore.

The company did not divulge the extent of price hike in the offing. (Photo: PTI)

Jio says will increase tariffs in next few weeks in compliance with rules

Jio said that the telecom regulator TRAI is likely to initiate consultation process for revision in telecom tariffs.


The offer started Friday and will continue till the stock lasts.

Audi India cuts SUV Q5, Q7 prices by up to Rs 6 lakh for limited period

The Audi Q5 in both petrol and diesel options will be tagged at Rs 49.99 lakh as against the current price of Rs 55.8 lakh.

As per the study by the global consumer insights and advisory services provider when it comes to sales satisfaction Hyundai ranked the highest followed by Mahindra & Mahindra and Toyota.

Indian car buyers becoming less price conscious: JD Power

As per the JD Power report, Indian car buyers are putting more emphasis on vehicle styling.

The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings.

Ford bets on an electric Mustang to charge its turnaround

Ford could slash USD 20 billion out of a five-year, 2018-2023 product plan.

With Multistrada 1260 S, the Ducati has introduced the third generation of its popular Multistrada portfolio, and at first glance, not much has changed.

A wolf in sheep’s clothing

The Multistrada may not be a sports bike, but you sure can ride it like one.

In Other News

The IPO size will be about Rs 410 crore, including fresh sale of Rs 24 crore and the balance being offer for sale of Rs 385 crore, at a price range of Rs 193-195 by existing investors.

CSB Bank IPO: Analysts say give it a miss

The Bank is going for the IPO mainly to meet the Reserve Bank of India’s requirement of listing the bank.

National Highway toll plazas will issue FASTags on the spot for vehicles entering dedicated lanes from December 1. They may be charged a double penal fee for entering dedicated lanes without FASTags.

NH toll plazas to issue FASTags on the spot

NHAI also has identified dedicated FASTag lanes and are being enforced during the daily trial runs.

Nord Drivesystems, the Indian arm of the Getriebebau Nord, the Euro 699 million German global leader in developing and manufacturing drive technology, which opened its third factory in Pune on Thursday is targeting 11 per cent growth to Rs 200 crore in its topline in December 2019 calendar year.

Germany’s Nord opens third plant

The company has an installed capacity to produce 42,000 geared motors per annum.

Around 30 to 35 lender entities are facing a tough time in the North-eastern state.

Micro-lenders face a crisis in Assam

Many micro-finance borrowers in five–six districts of Assam have stopped repayment of their loans.

In another decision taken at the meeting, Sebi would revise the norms for issuance of shares on right basis to existing shareholders.

Sebi tightens disclosure norms on loan defaults

Sebi also extended the Business Responsibility Report (BRR) requirement to top 1,000 companies, from 500 currently.