US dollar ticks down on economic data

New York, Jan 19 The US dollar fell against most major currencies as investors mainly focused on the newly-released economic data.

In late New York trading on Thursday, the euro increased to $1.2243 from $1.2224 in the previous session, and the British pound increased to $1.3893…

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Bank stocks lift equity indices to new highs amid trimming gains

Mumbai, Jan 19 Despite paring gains on the back of profit booking, the key Indian equity indices — the BSE Sensex and Nifty50 — managed to close at new highs on Thursday led by healthy buying in banking stocks.

According to market observers, positive Asian markets, coupled with inflow of foreign funds…

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GST Council slashes rates on 29 items to zero per cent

New Delhi, Jan 19The Goods and Services Tax (GST) Council on Thursday decided to slash rates on 29 items, mainly handicrafts, to zero per cent, according to Uttarakhand Finance Minister Prakash Pant.

He also said no decision has been taken on simplification of GST return filing.

“After 10 days, another…

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GST Council discusses making return filing process simpler

New Delhi, Jan 18 (PTI) The all-powerful GST Council today veered around the idea of making the GST return filing process simpler to ease compliance burden for small businesses.

The panel, headed by Finance Minister Arun Jaitley and comprising representatives of all states, at its 25th meeting today decided…

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Sensex climbs mount 35k first time, Nifty50 hits 10,800 intra-day

Mumbai, Jan 18 Optimism around quarterly corporate earnings, along with an upward rally in banking stocks and healthy inflow of foreign funds, lifted the key Indian equity indices — the BSE Sensex and NSE Nifty50 — to record high levels on Wednesday.
Also, the government’s decision on Wednesday to cut the…

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