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Business
Sensex, Nifty close marginally down in volatile trade
28 March 2023 4:59 PM IST
Mumbai, Mar 28: Benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade on Tuesday as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends. The 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower...
Business
EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23
28 March 2023 12:06 PM IST
New Delhi, March 28: Retirement body employee provident fund organisation (EPFO) on Tuesday fixed 8.15 per cent interest rate on the employees' provident fund for 2022-23.The decision was taken by EPFO's board of trustees.Last year, EPFO had declared 8.1 per cent as the rate of interest for 2021-22,...
Business
Flight from Ahmedabad hit by hailstorm at Hyderabad airport
21 March 2023 4:59 PM IST
Hyderabad, March 21: An IndiGo flight from Ahmedabad suffered minor damage when it encountered a hailstorm during its descent towards Rajiv Gandhi International Airport in Hyderabad.No one was injured in the incident that occurred on Saturday evening. Photographs of the damage to the aircraft...
Business
GST Litigation: 5 Proven Strategies for Handling GST Litigation
21 March 2023 3:04 PM IST
As a business owner registered under GST, you may receive a notice from the authorities. With the right strategies, you can easily handle the litigation.
Business
Hindenburg fallout: Adani Group suspends work on Rs 34,900 cr petchem project
19 March 2023 12:37 PM IST
New Delhi, Mar 19: Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said. The group's flagship Adani...
Business
NSE, BSE remove 3 Adani group stocks from short-term surveillance
17 March 2023 12:18 PM IST
New Delhi, Mar 17: The National Stock Exchange (NSE) and the BSE has announced that three Adani group companies — Adani Enterprises, Adani Power and Adani Wilmar — will move out of the short-term additional surveillance measure (ASM). The stocks will be excluded from the short-term ASM framework...
Business
Asian markets fall amid SVB fallout fears
14 March 2023 7:30 PM IST
Hong Kong, March 14: Asian stocks fell broadly on Tuesday, dragged down by banking shares, as fears over the fallout of Silicon Valley Bank's collapse gripped the market despite US government efforts to stabilize the financial system, media reports said. Japan's Nikkei 225 tumbled 2.19 per cent...
Business
E-rupee worth over Rs 130 crore in circulation: Sitharaman
13 March 2023 2:41 PM IST
New Delhi, Mar 13: Digital or e-rupee worth over Rs 130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on Monday. The Reserve Bank of India (RBI) had launched pilots in digital rupee in the wholesale segment (e-W) on November 1, 2022 and in...
Business
Sensex, Nifty decline 1 pc on selling in IT, financial shares amid weak global...
10 March 2023 4:19 PM IST
Mumbai, Mar 10: Benchmark stock indices Sensex and Nifty tanked more than 1 per cent on Friday due to heavy selling in IT, financial and oil stocks in line with weak trends in the global markets. The 30-share Sensex tanked 671.15 points or 1.12 per cent to close at 59,135.13, as 21 of its...
Business
Sensex, Nifty plunges over 1 pc as IT, financial shares drop
10 March 2023 10:36 AM IST
Mumbai, Mar 10: Benchmark stock indices Sensex and Nifty declined by more than 1 per cent in opening trade on Friday due to heavy selling in financials, IT and capital goods stocks amid weak global trends. The 30-share BSE barometer plunged 730.17 points or 1.22 per cent to 59,076.11 as 25 of...
Business
Cryptocurrency transactions to come under money laundering provisions: Govt
9 March 2023 2:10 PM IST
New Delhi, March 9: Any participation in transactions involving virtual digital assets or cryptocurrency, would come under the Prevention of Money Laundering Act or PMLA, the Centre has said. This was announced through a gazette notification, issued on March 7. The step has been taken to...
Business
Equity market falls in early trade; Sensex slides 300 points
8 March 2023 10:37 AM IST
Mumbai, Mar 8: Equity market opened sharply lower on Wednesday, with Sensex sliding more than 300 points as the US Federal Reserve's hawkish view on interest rate trajectory and weak global cues hit investor sentiments. Most of the Asian markets, including Hong Kong, were also trading in the...
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