Feb 02, 2017 at 17:56 | Source: Moneycontrol.com
Finance Minister Arun Jaitley announced an allocation of Rs 10,000 crore for ailing state banks in his Budget speech yesterday. While nimble, bigger lenders will have no complaints, smaller public sectors may not feel the same way.
Feb 01, 2017 at 13:54 | Source: Moneycontrol.com
According to Narayanan Ramaswamy, Partner and Head of Education and Skill Development, KPMG in India, the Budget seems to have brought the cause of underprivileged to the focus again. The Rs 500 crore for ICDS scheme, Rs 20,000 crore allocation to NHB for re-financing affordable housing are much needed.
Feb 01, 2017 at 13:26 | Source: Moneycontrol.com
ICICI Bank, ITC, SBI, GAIL, HDFC, Bank of Baroda and Grasim Industries are the top gainers on the indices, while top loser includes TCS, Lupin, Infosys, Dr Reddys Laboartories, Sun Pharma, HCL Tech, Idea Cellular, Aurobindo Pharma and Tech Mahindra.
Feb 01, 2017 at 13:25 | Source: Moneycontrol.com
ITC, ICICI Bank, SBI, GAIL and HDFC are top gainers in the Sensex while TCS, Lupin, Infosys, Dr Reddy's Labs losers in the Sensex.
Feb 01, 2017 at 13:00 | Source: Moneycontrol.com
Finance Minister Arun Jaitley in the Union Budget 2017 emphasised on women empowerment and announced setting up of Mahila Shakti Kendra at village level. For this, the FM has allocated Rs 500 crore. He also hiked allocation for women skill development to Rs 1.84 lakh crore in financial year 2018.
Feb 01, 2017 at 12:37 | Source: Moneycontrol.com
In an effort to ease of the pressure on banks that are reeling from record bad debts, Finance Minister Arun Jaitley in his Budget speech Wednesday announced Rs 10,000 crore to recapitalise banks. Doubles lending target at Rs 2.44 lakh crore.
Feb 01, 2017 at 11:30 | Source: Moneycontrol.com
The Sensex is up 67.49 points or 0.2 percent at 27723.45, and the Nifty up 17.65 points or 0.2 percent at 8578.95. About 1328 shares have advanced, 1001 shares declined, and 182 shares are unchanged.
Feb 01, 2017 at 11:18 | Source: CNBC-TV18
Watch accompanying videos of Finance Minister Arun Jaitely presenting the Union Budget 2017.
Feb 01, 2017 at 11:10 | Source: Moneycontrol.com
SBI, ITC, HDFC, Adani Ports and Tata Motors are gainers while TCS, Lupin, Infosys, Dr Reddy's Labs and NTPC are losers in the Sensex.
Feb 01, 2017 at 09:00 | Source: Moneycontrol.com
Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.