Raghuram Rajan said prioritising spending is important as it would help the government focus on what is essential, such as relief to poor households and small businesses

All sectors closed in the red, mirroring the fall in broader markets with over 2% fall registered in IT, PSU banking and financial stocks

The court stated that CBDT can take a lenient approach in terms of consequences of late filing of tax audit reports; \"We leave it to the better discretion of the CBDT,\" it said

NASSCOM recommended extending concessional corporate tax rate to all new IT-BPM units incorporated in SEZs that commence operations within a set period and commit to createcertain number of jobs

The sentiment in equity market is so bullish that in eight trading sessions of 2021, Sensex and Nifty have gained 3.76% or 1,793 points and 4.17% or 583.35 points, respectively.

In a stock exchange filing, the company said its board will meet on January 15 to consider share buyback as also payment of interim dividend for the fiscal year ending March 2021

Tech Mahindra, Infosys, UltraTech Cement, Power Grid Corporation of India, NTPC, Sun Pharma, HCL technologies were among top gainers

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Sensex has gained 15.75% in 2020 despite falling to its multiyear low in March when coronavirus threat roiled the Indian equity market

The valuations are quite low, the dividend yield is attractive yet investors are unwilling to put faith in the PSU pack

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

The market rally has been much more broad-based in CY20; the BSE Small-Cap index gained nearly 30 per cent; the Mid Cap Index is up 20 per cent vis-a-vis the losses it incurred in CY18 and 19

Moderation in monetary policy and rising yields scenario is expected in 2HCY21, which will lead to mean reversion of valuations towards 10/15-year averages

Dalal Street witnessed gut-churning fluctuations, with the BSE Sensex swinging between historic losses and eye-popping gains, sometimes in the same session

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

InterGlobe Aviation share crashed 10% to Rs 1,356 against previous close of Rs 1,507. Share of SpiceJet too fell 10% to Rs 82.35 against previous close of Rs 91.45. 

The government, which is trying to rein in its fiscal deficit, wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year