The decision of the GST council to keep the tax rate on items of mass consumption pegged at 5 percent will help in softening of inflation by bringing down prices said chief economic advisor Arvind Subramanian on Thursday.
Finance Minister Arun Jaitley will seek parliamentary approval for bills later this month that would set the rate and scope of the GST. State assemblies must also to approve similar bills for the tax to enter force as planned next April 1.
The index had lost 414.29 points in the previous three sessions.
Markets regulator SEBI has ordered five companies and their directors to refund in three months the money raised from investors without complying with the public issue norms.
The BSE Sensex Wednesday tumbled over 349 points to close at 27,527.22 on weakening global cues after the latest poll suggested that Republican Donald Trump was slightly ahead of market favourite Hillary Clinton in the US Presidential race.
In order to provide breather to construction sector, the Reserve Bank is likely to come out soon with detailed norms for one-time settlement of loans in line with the Cabinet decision.
Sensex plunged 288.06 points or 1.03 percent at 27,588.55 with all the sectoral indices led by metal, realty and oil in the negative zone, falling by up to 1.73 percent.
The Reserve Bank of India has opened a second office of the Banking Ombudsman in New Delhi, taking into account the significant increase of the banking network.
Markets regulator SEBI Tuesday came out with stricter disclosure requirements for credit rating agencies to ensure more transparency in their policies amid instances of drastic downgrades impacting investors.
The benchmark BSE Sensex wiped out early gains to close 53.60 points lower at 27,876.61 today following selling in key bluechip IT and teck counters ahead of key US Federal Reserve meet.
With the post of Deputy Governor of the Reserve Bank vacant following the elevation of Urjit Patel as the Governor of the central bank, as many as 90 applicants are said to have applied for the vacant post.
With several high-ticket alleged frauds like Vijay Mallya loan default case coming to fore, Central Vigilance Commission has now made it mandatory for the public sector banks to report to it all such matters involving funds over Rs one crore.
Release of macroeconomic data and quarterly earnings are set to drive stock market sentiment this week and the countdown to the US presidential election on November 8 may add to the volatility, say experts.
Leading bourses BSE and NSE will conduct a special 'Muhurat' trading session on Sunday to mark the start of the Hindu New Year.
Country's largest lender SBI on Saturday said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,681 crore.
The stock market witnessed turbulence in the festive week as the benchmark BSE Sensex lost 135.67 points to retreat from the psychological 28,000-mark, while broader Nifty fell by 55.05 points.
Total reserves had dipped by USD 1.506 billion to USD 366.139 billion in the previous reporting week, after touching a life-time high of USD 371.99 billion in the week to September 30, 2016.
Tata group stocks on Friday bounced back after three days of continuous decline, rising up to 5.6 percent, on value-buying at a lower level.
Dhanteras is the best time of the year for buying gold. The Finance Ministry has released another tranche of Sovereign Gold Bond for a special period of 24th October to 2nd November offering steep discount.