Business

Experts are of the view that India's fiscal deficit will widen as a result of the corporate tax reduction by the government.

At 11:45 am, the S&P BSE Sensex advanced 1,602.42 points, or 4.4%, to 37,695.89, while Nifty 50 rose 464.65 points, or 4.34%, to 11,169.45.

Industrial output grew by 4.4 percent year-on-year throughout August, falling to its lowest level in 17 years and down from 4.8 percent in July.

The company claims that it has increased its reach to around 19,200 PIN codes from about 10,660 codes in 2018 for delivery of large appliances.

While RIL, HDFC Bank, HDFC and Kotak Mahindra Bank were the other winners, Tata Consultancy Services Ltd (TCS), HUL, Infosys and ITC suffered losses in their market capitalisation (m-cap) for the week ended Friday.

According to sources, the wholesale prices in India’s largest onion trading hub, Lasalgaon in Maharashtra, have increased two fold to Rs 29,500 per tonne, in one month.

Dena Bank and Vijaya Bank got amalgamated with Bank of Baroda from this April. The property situated in the tony Bandra Kurla Complex central business district.

The benchmark S&P BSE Sensex was down 412.71 points, or 1.11%, at 36,920.08, while the Nifty 50 index was trading lower by 118.40 points, or 1.07%, at 10,904.85.

The combination of Corporation Bank and Andhra Bank with Union Bank of India will create India’s fifth-largest public sector bank with Rs 14.59 lakh crore business and 9,609 branches.

The combination of Andhra Bank and Corporation Bank with Union Bank of India will create India's fifth-largest public sector bank with Rs 14.59 lakh crore business and 9,609 branches.

The survey comes after official figures showed India's economy grew at an annual rate of 5.0% last quarter, its slowest in more than six years and significantly weaker than 5.7% in a Reuters poll.

Home Minister Amit Shah's positive assessment of Asia's third-largest economy came amid talks of a slowdown in economic activity.

Among bank groups, PSBs, which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19. It was followed by private sector banks and foreign banks.

Union Finance Minister Nirmala Sitharaman had earlier also committed to easing sourcing norms on single brand retail and allowing 100% FDI for insurance intermediaries.

In the single-brand retail sector, the Cabinet will consider a proposal of relaxing rules for complying with the mandatory 30 per cent local sourcing norms by foreign single-brand retailers.

Tata Motors was the biggest gainer in the Sensex pack, rallying 8.87 per cent, followed by Tata Steel, NTPC, IndusInd Bank, Vedanta and M&M, which gained up to 3.86 per cent.