Business

Shaktikanta Das said the government has remained within the limits set by the Fiscal Responsibility and Budget Management (FRBM) Committee for the budget deficit.

SBI Cards has received approval from Sebi for its proposed IPO. The Irdai said that the insurance watchdog is yet to get any proposal from the LIC on its IPO that was announced in the Union Budget. Barbeque Nation filed the DRHP with Sebi for its IPO.

After trading in the deep red for a better part of the session, the BSE gauge Sensex reclaimed most of its lost ground towards the fag-end. At the closing bell, the index was down 161.31 points or 0.39 per cent at 40,894.38.

According to the revised budget estimates, the government expects a fiscal deficit of 3.8 per cent in 2019-20.

SpiceJet Chairman and Managing Director Ajay Singh said the airline has done remarkably well in the latest quarter, despite a substantial profit hit from the grounding of MAX aircraft.

In a written reply to a question in the Rajya Sabha, Minister of State for Finance Anurag Singh Thakur said of this Rs 238.97 crore has been recovered by the Central GST authorities from the entities which claimed the fraudulent refunds.

Indiabulls Real Estate said consolidated net profit dropped 75.7% to Rs 49.27 crore for the December quarter compared with profit after tax of Rs 202.4 crore in the year-ago quarter, mainly due to higher expenses.

Two Tata group firms — Tata Global Beverages Limited (TGBL) and Tata Chemicals Limited (TCL) announced that the scheme of arrangement between them regarding the Consumer Products Business of TCL is now 'operational' effective from February 7.

The 2020-21 Budget has pegged gross tax revenues for 2020-21 at Rs 24.23 lakh crore, up 12 per cent from Rs 21.63 lakh crore in the current fiscal.

Piyush Goyal said while there is no increase in fares in suburban services. In case of non-suburban services, a nominal increase of one paisa per km has been done.

A US team is likely to visit India to finalise talks on the proposed trade package ahead of the visit of US President Donald Trump.

IRCTC shares closed the session on Wednesday at Rs 1,511 apiece, up 7% from its previous close.

The cover is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the RBI. This, the RBI said, has been done with a view to providing a greater measure of protection to depositors.

An inclusion in global indices would open India's bond market to more investors and potentially reduce the government's borrowing costs.

After the earnings announcement, PNB shares fell as much as 1.8% to touch an intra-day low of Rs 56.30.

Ind-Ra has revised downwards its FY2019-20 steel demand growth expectations to around 4 per cent from the previous forecast of 7 percent.