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Strong Global Cues Lift Indices By December 2018, we have to bring electricity to every household. In this work, negligence will not be tolerated at any cost RAGHUBAR DAS JHARKHAND CHIEF MINISTER NEW DELHI, TUESDAY 10 JULY 2018 11 THUMBNAILS Strong global cues lift indices Single GST rate slab ridiculous suggestion STATESMAN NEWS SERVICE NSE NIFTY BSE SENSEX missing Cyrus Mistry's peti- pricing in steady withdrawals MUMBAI, 9 JULY tion challenging his ouster as by foreign portfolio investors or Intra-day on July 9, 2018 Intra-day on July 9, 2018 chairman of Tata Sons. FPIs who have been pulling out PTI arket participants +80.25 +276.86 Analysts say the crucial from debt as well as equity KOLKATA, 9 JULY in Dalal Street (+0.74%) (+0.78%) High: ruling delivers major relief markets since April. July so far High: 35,977.37 look forward to a 10,860.35 to Tata Sons as it would enable is the fourth successive month Union Finance Minister strong start to the Open: Open: it to overcome several uncer- when FPIs till date are net sell- Piyush Goyal on Monday MApril-June earnings season 10,838.30 35,835.10 tainties. Among group stocks, ers. On Friday they dumped said that the proposal of with Tata Consultancy Services TCS although was under pres- `968.18 crore worth stocks tak- some political parties for a Close: Close: Janardan Choudhary takes — the company with largest 35,934.72 sure for most part of the day, ing the sell-of tally for the month single GST rate slab was a over as director (Techni- market capital of more than 10,852.90 moved between low and high to `2,455.44 crore. But indices "ridiculous suggestion". Some cal) of NHPC: Janardan `7.3 lakh crore — all set to Low: Low: of `1,880 and `1,924.40 on BSE. continue to add gains amid political outfits had been Previous close: Previous close: Choudhary has taken over 10,807.15 35,779.72 announce its numbers for 10,772.65 35,657.86 The share also witnessed regular consolidation as DIIs con- clamoring for doing away as Director (Technical) of Q1 of fiscal 2018-19 on Tues- block deal(s) @`1,889/share tinue to raise their positions via with the four-slab Goods NHPC Limited, Indias pre- day. 9 1112 1310 14 15 16 9 10 11 12 13 14 15 16 worth `12.80 crore on NSE in stock specific action. They were and Services Tax (GST) rate mier hydropower compa- The company is expected early trade. `1,480.82 crore worth net buy- structure and the Congress ny and a Mini Ratna Cat- to give insight into revenue and The company last month ers on Friday. For the month their had promised to reduce it to egory-I on 5 July. Choud- profit gains not by just TCS but tum in line with Asia-Pacific monthly monetary and cred- had announced buyback of net investment so far stands at one slab if voted to power in hary started his profes- by other major IT compa- markets on rising employ- it policy in the first week of shares worth `16,000 crore after ` 2,073.7 crore. Some broker- 2019. sional career in NHPC Lim- nies such as Infosys Tech- ment in the United States as August. Equity and currency it surpassed m-cap of $100 bil- ages feel FPIs are unlikely to "One rate of tax is a ridicu- ited as executive trainee nologies, Wipro, HCL Tech was revealed by data over the markets feel the monetary lion. Tata Motors stock reverse the trend until they lous suggestion. It would be in December, 1984 from and Tech Mahindra. Relying weekend. policy committee may not increased 2 per cent intra-day receive credible forecast or a burden on the poor and the Tanakpur Project. SNS on the future guidance or The Sensex for the first hike its benchmark repur- on rise in sales of its main prof- opinion about the likely outcome middle class if items of daily the finance ministry owing comments of each IT firm, the time in many months crossed chasing or repo rate at least it earner — Jaguar Land Rover of April-May 2019 Parliament use like salt, sugar and clothes to Arun Jaitley's indisposition. market analysts/brokerages the 35,900-mark as the BSE in its coming policy state- — by 6.4 per cent in June and election. were taxed at 18 per cent," "How is it that Mercedes Shares in Xiaomi fall on expect a strong growth for IT benchmark held on to its ment and is likely to retain its as well as by 0.9 per cent to The Sensex ended 35,934.72 Goyal said at an Indian Cham- Benz and aircraft becoming Hong Kong debut: Chinese segment. However, specula- intra-day gains. "neutral" policy stance con- 52,049 units YoY. Tata Steel is (+276.86) points gaining 0.78 per ber of Commerce event. He cheaper by a single rate. This smartphone giant Xiaomi tors hammered TCS share on This, analysts claim, indi- sidering improvement in rural already an active counter on cent. Nifty was 0.74 per cent up said that the past Congress- would have been the worst kicked off its trading Monday to book profit as the cates that the retaliatory tar- economy. both exchanges ever since its at 10,852.90 (+80.25) points. Nifty led UPA government had form of governance," he said. debut in Hong Kong on market appears ready to pick iff hike by China on US goods For the time being, the successful bid to acquire Bank increased 0.98 per cent proposed a 18 per cent sin- However, Goyal said rates Monday, a long-awaited up TCS on Tuesday. is unlikely to inflict major market would be keen on the Bhushan Steel for a consid- to close 26,753.30 (+259.45) gle GST slab looking at the of 328 items out of a total of IPO overshadowed by the Positive external indicators damage on the US economy central bank's views on impres- eration of Rs 35,000 crore. More- points. In Sensex 25 shares tax collections and conces- 1,200 had been reduced after start of a US-China trade such as job data from Amer- which is improving under sive increase in MSPs or min- over, several brokerages such were up and six down. For sions given to the poor. the implementation of GST war and bearish investor ica also supported stock rally President Trump. imum support prices for Kharif Motilal Oswal, HDFC Securities, Nifty the ratio was. 38:12. Gain- "The rate proposed ear- in July last year. sentiment. Shares opened not only in Dalal Street but also Systematic spread of the agriculture produce pro- Nirmal Bang Securities and ers in BSE benchmark includ- lier would have not been "What stops us from elim- at 16.60 Hong Kong dol- in Asia-Pacific region. monsoon across almost all curement. Kotak Equities gave favourable ed Yes Bank `362.50, 2.87 per accepted. Also, the GST struc- ination of slabs or further lars (& 2.12) in Hong Kong, The 30-share Sensitive states in India also cheered the The day's highlight was assessment of TCS earnings cent; RIL ` 997.05, 2.10 per ture would have not worked," reduction in rates on more down from their IPO price Index of Bombay Stock market as it would be effec- upside in the prices of Tata for Q1 FY2018-19. cent; Axis Bank `522.65, 1.63 per Goyal, who also holds charges items is if all the taxpayers pay of 17.00 Hong Kong dol- Exchange and 50-scrip Nifty tively taken note of by the Group shares following the Meanwhile, domestic bench- cent; and SBI Rs 261.30, 1.50 per of coal, railways and corpo- their taxes," he asked. India lars. Investors felt a lack of National Stock Exchange Reserve Bank of India which NCLT or National Company marks as well as mid-cap and cent. TCS was 1.42 per cent rate affairs ministries, said. could really be a low tax of confidence even opened with upside momen- will be releasing its third bi- Law Tribunal's verdict dis- small cap indices appear to be down at `1,886.15. Goyal has been looking after nation, he said. before public trading started, selling their shares at a discount on the unofficial grey mar- ket last week, Bloomberg Ease of doing biz: Ranking of Samsung opens largest mobile factory in Noida News reported. PTI states to be released today CURRENCY PRESS TRUST OF INDIA company raise its capacity in Government's Make in India' In June last year Samsung services across the country PTI The move is aimed at trig- NOIDA, 9 JULY a phased manner, from 68 mil- programme. Samsung is a long- had announced investment of and also fulfil the company's CURRENCY* (IN RUPEES) NEW DELHI, 9 JULY gering competition among lion units at present, to 120 mil- term partner of India. Rs 4,915 crore to add new goal of making India an export states to attract investments South Korean consumer elec- lion. The company also launched "The company is aligned capacity at the Noida plant in hub for the world, Samsung said US$ 68.00 The commerce and industry and improve business climate. tronics major Samsung today 'Make for the World' initiative, with government policies and Uttar Pradesh. in a statement. EURO 79.95 ministry will on Tuesday The ministry will release inaugurated the world's largest whereby it aims to export will continue to seek their sup- Set up in 1996, Samsung's Presently all Samsung mobile UK POUND 90.45 release the ranking of states of ranking of states and UTs mobile phone factory here mobile handsets produced in port to achieve dream of mak- Noida factory, is one of the phones, including YEN/100 0.60 and union territories (UTs) under the business reform which will double its annual India, to overseas markets.
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