Business Highlights

New Delhi, Jan 26 () Following are the top business stories at 2100 hours:-

DEL7 BIZ-TAX-RELIEF Govt stares at tax shortfall of Rs 2 lakh cr; room for personal income tax relief limited New Delhi: Tax collections in the current fiscal may fall short of targets by as much as Rs 2 lakh crore on faltering economy, leaving a very little room for Finance Minister Nirmala Sitharaman for offering any meaningful reduction in personal income tax rates. DCM26 BIZ-BANERJEE ECONOMY Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee Jaipur: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "stressed" and the government is in no position to bail it out. DCM21 BIZ-LISTING-OVERSEAS Govt likely to soon allow Indian cos to list overseas New Delhi: The government is likely to soon decide on permitting Indian companies to list their equity shares overseas, according to an official.

DCM4 BIZ-SEBI-MARGIN Sebi plans to rationalise margin system in derivatives segment to bring down trading cost New Delhi: Markets regulator Sebi is planning to rationalise margin system in the equity and commodity derivatives segments as part of its effort to boost liquidity and bring down trading cost, industry officials said.

DCM3 BIZ-COAL AUCTION Consultative meetings with stakeholders to discuss methodology for commercial coal mining on Jan 28-29 New Delhi: In line with its plans to open up the country's coal sector, the government has called meetings with various stakeholders to discuss the draft methodology as well as key bidding terms and conditions for auction of coal mines for commercial mining.

DCM10 BIZ-NTPC-DIVESTMENT NTPC may not conclude THDCIL, NEEPCO acquisition deal this fiscal: Source New Delhi: State-run power giant NTPC is unlikely to conclude its about Rs 10,000-crore acquisition deal to buy government's stake in THDC India and North Eastern Electric Power Corporation, according to a source. DCM12 BIZ-MARKET-OUTLOOK Earnings, global cues, pre-Budget expectations to drive markets this week: Analysts New Delhi: Earnings from major companies such as HDFC, US Fed's interest rate decision and hopes of positive measures from the Budget would drive sentiment in the equity markets this week which may also witness volatile sessions amid derivatives expiry, according to analysts. DCM15 BIZ-GOLD-IMPORTS Gold imports dip 6.77 pc during April-Dec 2019 New Delhi: Gold imports, which have a bearing on the current account deficit (CAD), fell 6.77 per cent to USD 23 billion during the April-December period of the current financial year, according data from the commerce ministry. MKJ MKJ