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Sensex Closes 336 Points Lower, Nifty Settles At 10,831

Wednesday, January 23, 2019, 4:29 PM

Domestic stock markets ended Wednesday's volatile session on a lower note. The losses on Dalal Street were led by FMCG, PSU banking and financial services stocks. The S&P BSE Sensex ended 336 points lower, or 0.92 percent, at 36,108.47 while, NSE's benchmark index Nifty finished at 10,831.50, down 91.25 points or 0.84 percent from the previous close.
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Jayalalithaa Cannot Be Termed Convict In Assets Case: Madras HC

Wednesday, January 23, 2019, 4:26 PM

The Madras High Court today dismissed the challenge moved against the construction of a memorial to honour former Tamil Nadu Chief Minister and AIADMK head, late J Jayalalithaa at the Marina Beach, Chennai. In the process, the Court also observed that Jayalalithaa cannot be termed as a convict since the case in Supreme Court against her abated on her death.
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Cabinet clears setting up of centralised GST appellate authority

Wednesday, January 23, 2019, 4:13 PM

The Union Cabinet Wednesday approved setting up of a centralised Appellate Authority for Advance Ruling (AAAR) under the goods and services tax that would decide on cases where there are divergent orders at the state level. The centralised authority as an appellate body will only take up cases wherein the Authority for Advance Ruling (AAR) of two states have passed divergent orders.

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