The most eagerly awaited aspect of the Union Budget 2019 was the taxation part and it was very well-handled by the Cabinet. In her budgetary address, Finance Minister Nirmala Sitharaman, on one hand, announced an exemption of income tax for all taxpayers with income of less than Rs. 5 lakh, while increasing taxes for higher income slabs.

The NBFC sector received its fair share of attention in the Union Budget 2019. The government has relieved non-banking finance companies (NBFCs) from creating debt redemption reserves (DRR) to raise fund from public issues.

The benchmark indices were upbeat in Friday's morning session. The BSE Sensex hit a high of 40,032.41, while Nifty50 inched closers to the 12,000 mark hitting 11,981.75 level.

NCLAT on Thursday approved ArcelorMittal’s bid of Rs. 42,000 crore for Essar Steel India and also ruled that the resolution professional (RP) and not the CoC has to decide on the distribution of amount between financial creditors and operational creditors.

E-commerce company Indiamart Intermesh debuts on the stock market at a price of Rs. 1,180.00 per share against its issue price of Rs. 973 per share on Thursday. The stock was trading more than 35 per cent premium to its issue price in the morning session.

The company has received an additional export order for 80,000 steel wheels for the EU Caravan trailer market. The company expects a record quarterly volume in Q2FY20.

The company had filed a plea in the Supreme Court with regards to the cancellation of PPA with Gujarat Urja and the same has been allowed by the court. The stock of Adani Power traded close to its upper circuit limit of 10 per cent on Tuesday.

The rating company's board has placed ICRA's Managing Director and Chief Executive Officer Naresh Takkar under forced leave with immediate effect. The stock reacted strongly to the development and slipped by more than 5 per cent in the morning session on Tuesday.

Indian equity market gained handsomely following global cues. The governments of US-China agreed to set aside newly proposed trade tariff hikes and continue to resolve trade difference through talks. The news was cheered by Indian investors.

The leading construction company has secured an order inflow of Rs. 262.23 crore for FY19-20, as of the end of June. The new order wins are for construction of institutional, commercial complexes including electrical, plumbing and firefighting works.