ITC hit its lifetime high of Rs 292.85, up 4% on BSE, surpasses its previous high of Rs 291.95 touched on February 7, 2017, on back of heavy volumes.

At 3:15 pm; the stock was up 3.5% at Rs 291 as compared to 0.71% rise in the S&P BSE Sensex. The trading volumes on the counter jump more than three-fold with a combined 14.2 million shares changed hands on the BSE and NSE so far.

New Delhi: Finance minister Arun Jaitley on Wednesday ruled out any plan by the central government to tax agricultural income in response to suggestions to that effect in a vision document that federal policy think tank Niti Ayog circulated among chief ministers on Sunday.

A statement from finance ministry said quoting the minister that as per Constitutional allocation of powers, the central government has no jurisdiction to impose tax on farm income.

Banners featuring AIADMK General Secretary VK Sasikala were removed from the party headquarters here, a day after the rival Panneerselvam camp made such a demand to “uphold the sanctity” of the party office. The Panneerselvam camp welcomed the move, saying it was a “positive step.”

The banners were removed this morning.

Aiming to educate communities globally, Apple will launch numerous teaching sessions in May in all its 495 stores, ranging in topics from photo and video to music, coding, art and design and more. Titled “Today at Apple”, the free teaching sessions will be led by highly-trained team members, world-class artists, photographers, and musicians. The teaching sessions will cater both professional and basic level participants, Apple said in a blog post on Tuesday. “‘Today at Apple’ is one of the ways we’re evolving our experience to better serve local customers and entrepreneurs.

Hyundai Motor forecast a gradual earnings recovery after posting a smaller-than-expected 21 percent fall in quarterly profit as sales of higher-margin cars cushioned the impact of a U.S. recall and revenue decline in China. The forecast-beating earnings helped Hyundai shares rise 4.5 percent. The South Korean automaker’s shares have been under pressure recently due to concerns about prolonged weakness in China, its biggest market, as South Korea moves ahead with its plan to deploy a U.S. anti-missile defense system despite China’s opposition.

The state-owned power giant NTPC today raised Rs 2,000 crore through issuance of rupee- denominated bonds under its $4 billion medium term note programme for capital expenditure. “Issue of rupee-denominated Rs 2,000 crore, 7.25 per cent notes due 2022 payable in the US dollar issued pursuant to $4 billion medium term note programme by NTPC Limited,” NTPC said in a BSE filing today.

A commonly-agreed interoperable charge on micro ATM transactions, which had been a bone of contention between big banks and their smaller rivals, could be close to being firmed up.

These charges, which are mostly agreeable to the bigger banks, were decided after almost a month-long debate by the Information Technology ministry , National Payments Corporation of India and banks represented by the Indian Banks' Association (IBA).

NEW DELHI: State-owned Indian Oil Corp (IOC) has received green nod for upgradation of its Bongaigaon refinery for production of BS-VI grade fuels in Assam at a cost of Rs 4,185 crore.

The company wants to upgrade its Bongaigaon Refinery (BGR) as the government aims to implement BS-VI fuel in the entire country from April 2020 to curb pollution. Oil firms will have to be prepared to retail BS VI-compliant fuel by then.

The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and the Kotak Mahindra Bank for violation of instructions on reporting requirements of Foreign Exchange Management Act 1999 (FEMA 1999).

The central bank penalised The Hong Kong and Shanghai Banking Corporation Ltd. for Rs. 70,000 and the Kotak Mahindra Bank for Rs. 10,000 in exercise of powers vested in the RBI.

Leading stock exchange BSE started its two-day mock trading session for infrastructure investment trusts (InvITs), ahead of next month's IPO by first such trust.

The exchange has developed the facility on its web-based platform - IBBS (Internet-based book building software) - to accumulate the bids from the applicants for InvITs.

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