Equity indices opened in red on Monday with Sensex down by 1,256.48 points and Nifty down by 373.10 points. The 30-scrip BSE Sensex was down by 1,256.48 points or trading at 56,896.44 and down by 2.16 per cent at 9.27 am. Similarly, 50-scrip NSE Nifty was trading at 17,001.70 at 9.27 am, down by 373.10 […]
State-owned insurer Life Insurance Corporation on Sunday filed its draft papers with stock regulator Sebi for its IPO, the secretary of Department of Investment and Public Asset Management tweeted. The much talked about LIC IPO is set to hit the capital market in March.The government will sell over 31 crore equity shares of LIC, according […]
N Chandrasekaran was on Friday reappointed as chairman of Tata Sons for a second five-year term. Tata Sons in a statement said the reappointment was ratified by the board.“At its meeting on 11 February 2022, the Board of Tata Sons reviewed the last five years and considered the reappointment of its Executive Chairman N Chandrasekaran,” […]
The country’s foreign exchange reserves increased by USD 2.198 billion to USD 631.953 billion in the week ended February 4, RBI data showed.In the previous week ended January 28, the reserves had declined by USD 4.531 billion to USD 629.755 billion. It touched a lifetime high of USD 642.453 billion in the week ended September […]
The Reserve Bank of India (RBI) on Thursday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance in the backdrop of an elevated level of inflation. This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das […]
Telecom operator Bharti Airtel has plans to spend about Rs 1.17 lakh crore through business transactions with its subsidiaries like Indus Towers, Nxtra and Bharti Hexacom, according to a regulatory filing. The company will hold an extraordinary general meeting of the members of the company on February 26 to also seek their approval for issuing […]
India is prepared to deal with any situation arising out of global developments, including the US Federal Reserve’s decision to roll back monetary easing, and will not allow the economy to suffer, Finance Minister Nirmala Sitharaman asserted on Sunday. In a post-Budget interaction with industry body Ficci, she urged corporates to take advantage of the […]
Finance Minister Nirmala Sitharaman on Saturday asked India Inc to invest in the economy so that the virtuous cycle kicks in.Referring to the government’s decision to cut corporate tax rate, she said, the government has also opened up many sectors including atomic energy and space. The government in September 2019 slashed corporate tax rate for […]
India has turned down a demand of Elon Musk’s Tesla for tax breaks to import electric cars, saying rules already allow bringing in partially-built vehicles and assembling them locally at a lower levy. “We looked at whether the duties need to be re-jigged, but some domestic production is happening and some investments have come in […]
India will retain its tag of the world’s fastest-growing major economy as the pre-Budget Economic Survey on Monday forecast an 8-8.5 per cent GDP growth in the fiscal year starting in April, saying it has the fiscal space to do more to support the economy and is well placed to meet the future challenges. India […]