Contact Your Financial Adviser Money Making MC
7
September 2017
I had
mentioned in Wednesday’s closing report that Nifty, Sensex were likely to
remain under pressure. The major indices of the Indian stock markets were
range-bound on Thursday and ended flat over Wednesday’s close. The trends of
the major indices in the course of Thursday’s trading are given in the table
below: The Total Investment &
Insurance Solutions
 |
Major Indices (The Total
Investment & Insurance Solutions)
Key
Indian equity indices -- the NSE Nifty50 and the BSE Sensex -- closed on a flat
note on Thursday with buying in automobile, metal and capital goods stocks. On
the NSE, there were 825 advances, 658 declines and 46 unchanged.
The outlook for Indian markets still remains
subdued given continued concerns over the escalating tensions around North
Korea’s nuclear test, but analysts said markets were still being supported by
domestic retail investments, preventing any steep losses. The Total Investment & Insurance
Solutions
The
West Bengal government will ratify the entry of IT major Infosys in the state,
Information Technology Minister Bratya Basu said on Thursday. "A note in
this regard will be prepared and placed before the cabinet for approval,"
Basu told reporters on the sidelines of an event organised by the Confederation
of Indian Industry (CII). He said that Infosys has agreed to the terms laid
down by the state government. The company would be given incentives on the basis
of whatever has been promised but no additional concessions would be given.
Chief Minister Mamata Banerjee had announced that the company would start the
Kolkata centre with an investment of Rs100 crore and an employment potential of
1,000. Infosys, which was given 50 acres of land at Rajarhat by the former Left
Front government in 2010, was going slow on the project as the new dispensation
under the Trinamool-led by Banerjee was reluctant to grant the Special Economic
Zone (SEZ) status as promised to them earlier.
Diversified firm ITC has filed a
Rs1,000-crore defamation suit against proxy advisory firm IiAS at the Calcutta
High Court for allegedly making 'defamatory' statements against the company and
its directors. The company’s shares closed at Rs270.35, down 1.89% on the BSE.
ICICI Bank said in a notice to BSE that ICICI Bank Lombard General Insurance’s
initial public offering got an approval and it will open its IPO from 15 to 19
September. The bank’s shares closed at Rs292.70, down 0.86% on the BSE. The Total Investment & Insurance
Solutions
To
enable small businesses and start-ups to file their Goods and Services Tax
(GST) returns smoothly, Airtel Business on Thursday launched Airtel GST
Advantage, a company statement said here. Airtel Business is the B2B arm of
telecommunications service provider Bharti Airtel. Launched in partnership with
ClearTax, Airtel GST Advantage is being offered free to all existing Airtel
Business customers. "The new GST regime is a landmark reform for the
Indian economy and with Airtel GST Advantage, we would like to enable small
businesses with free filing of returns, and free and secure data access. Airtel
is also the data hosting and connectivity partner for the Goods and Services
Network (GSTN)," said Ashok Ganapathy, Director & CEO - Airtel Business.
Bharti Airtel shares closed at Rs397.45, down 1.36% on the BSE.
E-governance service provider NSDL on Monday
said that it has commenced operations of its GST platform -- NSDLgst -- for
providing ASP (Application Service Provider) and GSP (GST Suvidha Provider)
services. "This is a comprehensive and secure platform, which enables
traders, dealers, businesses, chartered accountants (CAs) and tax consultants
to upload invoices, file returns and upload information in the prescribed
format," the company said in a statement. "The platform is
built using latest technology, combined with simplicity and
innovation." The Total
Investment & Insurance Solutions
The
top gainers and top losers of the major indices are given in the table below:
 |
| Top Gainer (The Total Investment & Insurance Solutions) |
The
closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions
 |
| Asian Indices (The Total Investment & Insurance Solutions) |
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