The tax concessions are subject to certain conditions laid down by the Department of Industrial Policy and Promotion last month, which said that the share capital and share premium of the start-up should not exceed Rs 10 crore after such investments.

Finance Minister Arun Jaitley said that the ten years of the UPA rule had unquestionably witnessed the most corrupt government since Independence. 

India is likely to see a jobs windfall in three areas - sales, services, and logistics. That is because India is a domestic consumption market and when more products are manufactured, they would need to stored, transported, delivered.

ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), on Thursday reported a 29.6 per cent jump in its net profit to Rs 981 crore for the fiscal year ending March 31, 2018 on the back of a higher output of crude oil and natural gas.

The company has been battling with shrinking revenues from its investment banking division, which generates over 50 per cent of Deutsche Bank's total revenue. Other areas of concern for the German bank are increasing costs and stiff competition from the Wall Street companies.

The stock is down 32.77% since the beginning of this year. It has lost 38.25% during the last one year. The stock has been highly volatile with an intra day volatility of 5.78%. It has fallen after two days of consecutive gains.