Finance Minister Arun Jaitley’s fifth and final Union Budget of the current term of the Narendra Modi government was evidence that the top BJP leadership has drawn the right lessons from its tenuous poll victory in Gujarat in December.

In Gujarat, the BJP had to face the ire of farmers for agrarian distress, of youth for lack of job opportunities and of the MSMEs (the micro, small and medium enterprises sector). The Budget has reached out to these key sectors.

Hinduja Group flagship Ashok Leyland has recorded a 21.7 per cent rise in its sales in January 2017 to 18,101 units.

The city-based commercial vehicle major had sold 14,872 units during same month of last year, the company said in a statement.

he country's largest car maker Maruti Suzuki India (MSI) today reported 4.8 per cent increase in total sales at 1,51,351 units in January compared to 1,44,396 units in the same month of 2017.

The company's domestic sales stood at 1,40,600 units, up 5 per cent from 1,33,934 units in January 2017, MSI said in a statement.

NEW DELHI: Air India, India's flagship carrier, may get a sepcial mention in Union Budget 2018.

The Economic Survey released two days ago suggested that the government would do well to complete Air India's disinvestment in the next financial year.

Mumbai: The Indian rupee on Thursday weakened against US dollar ahead of the announcement of the Union budget for fiscal 2018-19.

The local currency opened at 63.70 a dollar. At 9.15am, the home currency was trading at 63.68, down 0.13% from its previous close of 63.59.

Mumbai: Suneet Weling, executive director at the investment banking division of Kotak Mahindra Bank, will join French banking group BNP Paribas’s Indian arm as managing director and head of advisory, capital markets and financing, said multiple people aware of the development.

Weling has advised several Indian and international companies on mergers and acquisitions and capital-raising in India during his seven-year stint at Kotak Mahindra.

The benchmark BSE Sensex regained the 36,000-mark by rebounding over 171 points in opening trade as investors built up positions ahead of the Union budget to be unveiled by the Finance Minister on Thursday.

The 30-share BSE index, which had lost 318.23 points in the previous two sessions, recovered 171.38 points, or 0.47 per cent, to 36,136.40.

Microsoft today reported a hefty loss in the past quarter, as it set aside billions of dollars for taxes on profits it expects to bring back to the United States following passage of a major tax overhaul.

The technology giant said its loss for the quarter to December 31 was USD 6.3 billion — as it took a charge of USD 13.8 billion to pay its taxes.

Private sector lender ICICI Bank on Wednesday reported a 32% year-on-year (y-o-y) decline in its standalone net profit to Rs 1,650 crore for the December quarter of FY18, owing to higher provisions and lower other income. Its provisions for the quarter at Rs 3,570 crore were up 32% from the same period last year. Chanda Kochhar, MD & CEO of the bank, said that the provisions will remain at an elevated level because the bank still has to make provisions for the next round of NCLT cases, and the ageing provisions will also continue.

Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it.

Its January slide knocked $44.2 billion off the $200 billion in market value generated in all of last year, the biggest one-month loss in dollar terms in the short history of digital assets.

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