ALSO READGovt expecting "some more" dividend from RBI in March: Secretary Government expects additional dividend from RBI before March 31: official Govt ensures Rs 1 lakh cr to PSU banks by Mar; unveils reforms Finmin pitches for ratings upgrade with Fitch; says will adhere to fiscal prudence 7.75 pct Savings Bonds Scheme to be in effect from Jan 10
Following are the top business stories at 2000 hours:
DEL20 PAR-FINMIN-LD GRANTS
New Delhi: The government today sought Parliament's nod for a net additional cash spending of Rs 85,315 crore in the current fiscal ending this month, 70 per cent of which will go towards compensating states for revenue loss suffered post the GST rollout.
DEL19 BIZ-LD STOCKS
Mumbai: Markets staged a smart comeback today after six straight sessions of losses as investors piled into recently hammered stocks amid positive global cues.
Mumbai: The quantum of fraud at Punjab National Bank, allegedly carried out by diamantaire Nirav Modi, is not likely to increase from Rs 12,646 core, economic affairs secretary Subhash Chandra Garg said here today.
DEL14 BIZ-DIRECT TAX
New Delhi: The Direct Tax collection has risen 19.5 per cent to Rs 7.44 lakh crore in the April-February period of the current fiscal, buoyed by a strong pick up in corporate tax.
DEL39 BIZ-RUPEE CLOSE
Mumbai: Reversing its three-day upsurge, the rupee today crumbled against the US dollar and ended lower by 25 paise at 65.14 on fresh bouts of demand for the American currency from importers and banks amid rising uncertainty stemming from Trump's possible trade war.
New Delhi: Gold prices went down by Rs 220 to Rs 31,450 per 10 grams at the bullion market today backed by a weak trend overseas amid easing demand from local jewellers at prevailing levels.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)