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GST Council to finalise draft model GST law tomorrow

The GST Council, which is meeting tomorrow, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers. The Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states, is also likely to finalise the definition of

INDIAN EQUITY MARKET WRAP UP- 17 FEB 2017

INDIAN BENCHMARKS: SENSEX RISES 167 POINTS, NIFTY ENDS AT 8822 Benchmark indices closed higher for second consecutive session, with the Sensex rising 167.48 points to 28468.75. The Nifty ended above 8800 level, up 43.70 points at 8821.70. The market breadth was balanced today. Sun Pharma, HDFC Bank, GAIL, ICICI Bank, Cipla and Tata Motors were

TOP CORPORATE NEWS – 17 FEB 2017

Cipla launches Hepatitis B vaccine in India Cipla announced that it has launched adult Hepatitis B vaccine in India. Under a co-exclusive agreement with Serum Institute of India (SII), Cipla will market the vaccine for adults while SII will market it for adults and children. Serum Institute of India is the world’s second largest vaccine

MCX COMMODITY MARKET NEWS & LEVELS – 17 FEB 2017

Gold: Gold prices were ending the U.S. day session moderately up Thursday, supported by a lower U.S. dollar index and U.S. stock indexes on this day. The technical charts for gold remain in the bullish camps, as both markets are in near-term price uptrends. April Comex gold was last up $8.50 an ounce at $1,241.50.

MCX COMMODITY MARKET NEWS & LEVELS – 17 FEB 2017

Gold dips in Asia, on mine labor issues.   Gold for April delivery on the Comex division of the New York Mercantile Exchange fell 0.17% to $1,239.55 a troy ounce, while silver futures for March delivery dipped 0.12% to $18.053 a troy ounce. Overnight, gold prices added to overnight gains on Thursday, hitting a one-week

INDIAN EQUITY MARKET OUTLOOK – 17 FEB 2017

Market off early high Indian Indices: Equity benchmarks started off last day of the week on a spectacular note, with the Senses rising more than 400 points supported by HDFC Bank. The 30-share BSE Sensex was up 400.89 points or 1.42 percent at 28702.16 and the 50-share NSE Nifty rose 95.60 points or 1.09 percent

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