The inaugural launch panel included Nilesh Shah, Member, Prime Minister's Economic Advisory Council, Adhil Shetty, CEO of BankBazaar.com, Nithin Kamath, founder and CEO, Zerodha, Kamesh Goyal, founder, Digit Insurance and Rahul Chari, co-founder and CTO, PhonePe.
Sanjay Budhia, chairman of CII national committee of export-import, said engineering exports constitute 25% of India’s merchandise exports.
"Gold prices declined on lack of progress over the US stimulus package and in absence of fresh triggers. Traders and investors also rushed to book some profits," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities).
On disinvestment target of Rs 1.75 lakh crore for the next fiscal year, Kumar said a lot of preparatory work has already been done in the past 8-9 months, and now market conditions have changed.
Nifty Auto rallied the most, over 4%, followed by Nifty PSU Bank, Nifty Realty and Nifty Financial Services gaining over 3% each.
The Sensex has amassed 3,511 points or 7.58 per cent in two sessions, and the Nifty has accumulated 1,007.25 points or 7.38 per cent.
Currently, withdrawal from overseas retirement funds by residents is taxable on a receipt basis in such foreign countries and on accrual basis in India, resulting in timing mismatch. A new Section 89A is proposed to be introduced to address this concern.
In an interview with Money9, Rajiv Bajaj shares his views about the Budget and what it holds for the markets and the common man.
Benchmark indices hovered in a narrow range in early afternoon trade. All sectoral indices on the NSE were trading in the green. Shares rallied for the second day as investors cheered Union Budget announcements. Positive global cues also lifted the sentiment. At 12:20 IST, the barometer index, the S&P BSE Sensex, surged 991.18 points or […]