Business Highlights Of The Day

New Delhi March 1, (PTI) Following are the top business stories at 1915 hours

GST-COLLECTION
New Delhi:GST collections in February dropped to Rs 97,247 crore from Rs 1.02 lakh crore in the previous month, the Finance Ministry said Friday.

SEBI-FEES
New Delhi: Seeking to make it more cost-effective to trade in Indian stock markets, regulator Sebi’s board on Friday approved lowering of fees charged from brokers, stock exchanges and the companies seeking to get listed.

PMI-MANUFACTURING
New Delhi:The country’s manufacturing sector performance further strengthened in February and touched a 14-month high driven by acceleration in sales, output and employment, a monthly survey showed Friday.

SEBI-BOARD
New Delhi: To deepen the Indian stock market, capital market regulator Sebi’s board on Friday approved lowering of fees charged from brokers, stock exchanges and companies seeking to get listed.

MOODYS-GROWTH
New Delhi:Indian economy is expected to grow at 7.3 per cent in calendar year 2019 and 2020, and the government spending announced ahead of elections this year which will support near-term growth, Moody’s said on Friday.

STOCKS-CLOSE
Mumbai: Market benchmark Sensex Friday rose over 196 points to end at 36,064 and also posted its second straight weekly gains amid signs of easing tensions between India and Pakistan.

RUPEE-CLOSE
Mumbai: The rupee weakened by 20 paise to close at 70.92 against the US dollar Friday amid strengthening of the American currency and rising crude oil prices.

CITY-GAS-INVESTMENT
New Delhi: As much as Rs 1.2 lakh crore of investment has been committed by firms like IOC, Adani Gas and Torrent in a massive roll-out of CNG stations and cooking gas connections to households over the next 8-10 years, oil regulator PNGRB said Friday.

TRADE
New Delhi: Commerce ministers of RCEP countries including India and China, which are negotiating a mega trade deal, will hold a crucial meeting in Cambodia on Saturday, according to an official statement.

FAME II-AUTO INDUSTRY
New Delhi: Automobile industry players Friday said the government’s announcement of Rs 10,000-crore FAME-II scheme brings clarity and policy stability, and will provide a big fillip to popularisation of electric vehicles in India.

BULLION-CLOSE
New Delhi: Gold prices fell by Rs 120 to Rs 34,080 per 10 gram at the bullion market Friday due to tepid demand from jewellers, according to All India Sarafa Association.

 

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