Browsing Category
Business News
Indian bond market unaffected by US downgrading
The downgrade by the US has had no significant effect on the Indian bond market. According to the opinions of several experts, the path that bond yields will take can be predicted based on domestic factors such as the trend of inflation and…
Delhi wholesalers expect tomato prices to reach Rs 300 per kg soon.
According to wholesale sellers in Delhi, the price of a kilogramme of tomatoes may approach Rs 300 in the coming days. Because of supply problems brought on by excessive rains in the primary producing regions, tomato prices have been under…
Industry players fear 28% GST on internet gambling will hurt the industry
GST of 28% for online gaming, Online gaming will be significantly impacted by this, according to industry players. After six months, the GST Council will reevaluate the application of the 28% GST to casinos and online gaming.
Crude import from Saudi Arabia falls to multi-year low
India, world’s third-largest crude importer, has increased its purchases from Russia following the war between Russia and Ukraine in February 2022.
Rajasthan, Himachal Pradesh, Karnataka lead in producing green power
Gujarat has generated the highest amount of wind power in the country with 19.2 billion units, followed by Tamil Nadu with 17 billion units.
Rs 15,000 crores recovered from economic fugitives including Vijay Mallya, Nirav Modi: Centre
It said that these 19 people, accused under the Fugitive Economic Offenders Act, are estimated to have committed fraud worth over Rs 40,000 crores.
Airtel partially pays spectrum dues with Rs 8,024 crore
Airtel has prepaid a total of 8,024 billion rupees in order to partially clear its spectrum obligations. The business stated that the instalment carried an interest rate of 10% and had been paid in full, enabling it to take advantage of…
6.5 crore income tax returns filed by July 31
6,500,000 income tax returns were submitted by the due date of July 31. On the very last day, which was Monday, 36.91 lakh income tax returns were submitted up to 6 o'clock in the evening. More than 1.78 crore people were able to…
India’s per capita income to rise 70% to USD 4,000 by FY30: Report
According to the report, India's per capita income is anticipated to increase by approximately 70 percent to USD 4,000 by FY30. According to the findings of the study, the second most important factor in economic expansion will be household…
June tea production falls 3.7% to 137.85 million kg.
In the month of June, total tea production was down 3.7% to 137.85 million kilogrammes. In terms of regions, North India produced 109.70 million kilogrammes during the month, while South India's output volumes were 28.15 million…
Europe scrutinises Worldcoin crypto.
The cryptocurrency known as Worldcoin is already being investigated in Europe. The launch of Worldcoin on Monday comes at a time when the cryptocurrency industry is going through a rough patch as a result of the dramatic failure of FTX and…
Indian firms can directly list overseas via IFSC: Finance Minister
Finance Minister Nirmala Sitaraman has stated that Indian companies can easily list overseas via the IFSC. At the moment, companies can only list their stocks on overseas markets by utilising American Depository Receipts or Global…
IT, banking stock sales drop markets for second day.
The stock markets have fallen for a second day due to selling in information technology and banking shares. On Thursday, the benchmark for the BSE down 440.38 points, which is equivalent to 0.66 percent, to finish at 66,266.82. Meanwhile,…
LIC introduces the “Jeevan Kiran” insurance plan
LIC introduces the "Jeevan Kiran" insurance programme. The insurance term ranges from 10 to 40 years, and premium payments can be made in the form of a single premium or a recurring premium that is due for the duration of the policy term.
India asks Japan, Korea to make FTAs balanced
Meanwhile, the minister also called India’s FTAs with 10 countries of the Association of Southeast Asian Nations (ASEAN) most “ill-conceived” and “unfair” to Indian industry.
Government may raise Rs 16,000 crore via green bonds in FY24
When asked if the Centre is planning to give any tax benefits to foreign investors to buy green bonds, the official said India will not give any tax benefits on green bonds.
Jio, BlackRock entry rattles existing mutual fund firms; AMC shares fall
The regulator takes around two-three years to give final approval after the submission of an application by a new player.
Markets fall in early trade
The markets are going down as early trade begins. Axis Bank, Bajaj Finserv, NTPC, HDFC Bank, Tata Consultancy Services, JSW Steel, Tech Mahindra, ICICI Bank, and Kotak Mahindra Bank were the most significant laggards among the Sensex pack.
Lok Sabha passes Jan Vishwas Bill to boost ease of doing biz
The Bill proposes to do away with provisions entailing imprisonment and fines. All offences under the post office act, 1898 have been proposed to be removed.
REC declares robust Q1, FY24 results, rewards shareholders with Rs. 3 per share
New Delhi: The Board of Directors of REC Limited, have approved the unaudited standalone and consolidated financial results for the quarter ended 30th June 2023.
Owing to the improved asset quality and effective cost management, REC is…
