NEW DELHI: The Indian men's hockey team put on a fighting performance but it wasn't enough for them to prevent a 0-2 against Belgium in the third match of the Four Nations Hockey Tournament in Tauranga on Thursday. Arthur De Sloover and Victor Wegnez scored in the eighth and 34th minute respectively to help Belgium win and overcome the 4-5 loss suffered at the hands of New Zealand on Wednesday.

Axis Bank, the country's third largest private sector lender, hiked its lending rates on Wednesday by a marginal 5 basis points (100bps = 1 percentage point). The bank informed the stock exchanges that it has increased its benchmark marginal cost of lending rate (MCLR) by 5 basis points across all tenures with effect from January 18. The one-year MCLR, at which rate its home loans and other important products are priced, will now stand at 8.30%, the bank said.

NEW DELHI: Indian captain Virat Kohli had something to cheer about after the second Test debacle against South Africa when he was named the ICC ODI Cricketer of the Year at the ICC Awards on Thursday. Kohli was also named the ICC Cricketer of the Year and captain of both ICC Test and ODI teams.

The Indian batting mainstay is the leading run-getter in ODIs with 1460 in 26 innings at an average of 76.84 and strike-rate of 99.11, with six centuries - the most for any team.

Bengaluru: Infosys Ltd continues to struggle to realize the promised benefits from its three acquisitions.

The firm has shut down Noah Consulting, the company it bought for $70 million in 2015, and transferred all the business to the parent company, valuing the firm at 40% lower than the original purchase price.

What happens if, in the forthcoming Union Budget 2018, a tax is reinstated on long-term capital gains (LTCG) on listed shares? After an initial shock, the stock markets should stabilize. Domestic investors will realize that equities yield better post-tax returns than other asset classes and India will continue to be a part of the emerging market portfolio of foreign investors.

Once the chaos dies down, the focus will shift to whether revenue increases for the government, which is the underlying objective of any tax proposal.

New Delhi: State finance ministers and their counterpart in the central government Arun Jaitley will hold wide-ranging talks on Thursday about state finances and indirect taxation at the 25th meeting of the Goods and Services Tax (GST) Council and a pre-budget consultation in the national capital.

State finance ministers will present their wish list for budget 2018-19 to Jaitley and senior finance ministry officials.

Riding on the back of expected HPCL-ONGC deal, the government is eyeing to end FY18 with record disinvestment receipts of over Rs 90,000 crore as against the Budget target of Rs 72,500 crore, media sources reported. It is almost the double of over Rs 46,000 crore recorded last year. However, the exact amount to be raised after stake sale in HPCL is still uncertain. The deal, if finalized by March this year, should raise over Rs 30,000 for the government.The fiscal deficit reached Rs 6.12 trillion or 112% of the full-year budget during eight months to November.

NEW DELHI: Indian Oil Corp, the nation's largest refiner and fossil fuel retailer, in in talks with Bangladesh and Myanmar to enhance trade of petroleum products and offer its expertise to set up oil infrastructure in the two countries.

This month, Indian Oil will open offices in Bangladesh and Myanmar, with a plan to closely pursue business opportunities in the two countries. "For the neighbouring countries, we are not only looking for business, we are looking for association beyond business.

Private lender YES Bank is slated to unveil its earnings numbers for the December quarter on Thursday.

Analysts see an over 20 per cent year-on-year growth in the bank's bottom line with robust asset quality.

The BSE Sensex continued its record-setting spree for a second day, scaling a new high of 35,476.70 in opening trade today as banking stocks led rally on sustained foreign fund inflows. Also, the broader NSE Nifty zoomed to a new high of 10,887.10. The 30-share index rallied by 394.88 points, or 1.12 per cent, to hit the peak of 35,476.70, breaching its previous intra-day high of 35,118.61 hit yesterday.

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