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Sensex drops 155 pts in early trade; Nifty tests 17,600
Business

Sensex drops 155 pts in early trade; Nifty tests 17,600

Mumbai, Aug 12: Equity benchmark Sensex fell 155 points in early trade on Friday, tracking losses in index-heavyweights TCS, Infosys and Maruti amid a mixed trend in global markets. The 30-share BSE index was trading 155.21 points or 0.26 per cent lower at 59,177.39 in initial deals. Similarly,...
In India, 7.3% of the population owned digital currency in 2021, 7th highest in the world: UN
Business

In India, 7.3% of the population owned digital currency in 2021, 7th highest in...

United Nations, Aug 11: Over seven per cent of India's population owns digital currency, according to the UN, which said that the use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic. The UN trade and development body UNCTAD said that in 2021, developing...
Sensex rallies 515 pts to reclaim 59,000-mark; IT, finance stocks shine
Business

Sensex rallies 515 pts to reclaim 59,000-mark; IT, finance stocks shine

Mumbai, Aug 11: Equity benchmark Sensex rallied 515 points on Thursday to reclaim the 59,000-level, propelled by heavy buying in IT, banking and financial stocks amid sustained foreign fund inflows. The 30-share BSE index ended 515.31 points or 0.88 per cent higher at 59,332.60. Similarly, the...
Sensex declines over 130 points in early trade; Nifty slips below 17,500 level
Business

Sensex declines over 130 points in early trade; Nifty slips below 17,500 level

Mumbai, Aug 10: Equity benchmark Sensex dropped over 130 points in early trade on Wednesday amid a subdued trend in global markets. After opening on a positive note, the market turned choppy in early deals. The 30-share BSE index was trading 131.71 points or 0.22 per cent lower at 58,721.36...
EMIs to rise as RBI hikes interest rate again
Business

EMIs to rise as RBI hikes interest rate again

Mumbai, Aug 5: Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation. The increase in lending rate or the repurchase rate (repo) by 50 bps to...
No GST on room rents of
Business

No GST on room rents of 'sarais' managed by religious or charitable trusts: CBIC

New Delhi, Aug 5: The Finance Ministry has said that the Goods and Services Tax will not apply on room rents of 'sarais' (inns) or properties managed by religious and charitable institutions. The clarification was issued by the Central Board of Indirect Taxes and Customs (CBIC) on Thursday evening...
Spectrum auction enters sixth day of bidding; garners nearly Rs 1.50 lakh crore so far
Business

Spectrum auction enters sixth day of bidding; garners nearly Rs 1.50 lakh crore...

New Delhi, Jul 31: The auction of the 5G spectrum capable of offering ultra-high-speed internet entered the sixth day of bidding on Sunday after receiving bids worth 1,49,966 crore in the first five days from players like Reliance Jio and Bharti Airtel. The bidding resumed on Sunday morning with...
5G spectrum auction: Bidding enters day 4; bids worth Rs 1.49 lakh cr received so far
Business

5G spectrum auction: Bidding enters day 4; bids worth Rs 1.49 lakh cr received...

New Delhi, Jul 29: The auction of 5G spectrum for ultra-high-speed internet services entered day four on Friday after garnering bids worth Rs 1,49,623 crore in 16 rounds of bidding conducted so far. The high interest for spectrum in the 1800 MHz band in Uttar Pradesh East circle saw Jio and...
India
Business

India's biggest spectrum auction begins; 5G airwaves worth Rs 4.3 lakh cr on...

New Delhi, Jul 26: India's biggest-ever auction of spectrum that carries telephone and internet data signals, began on Tuesday with a total of 72 GHz (gigahertz) of 5G airwaves worth Rs 4.3 lakh crore on offer. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone...
GST on essential items after states sought levy, aimed to check evasion: Official
Business

GST on essential items after states sought levy, aimed to check evasion:...

New Delhi, Jul 24: GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official said. The decision to levy the tax, which came into effect from July 18, is not that of the...
Tesla sold 75% of its Bitcoin, Musk says Dogecoin still with him
Business

Tesla sold 75% of its Bitcoin, Musk says Dogecoin still with him

New Delhi, July 21: Tesla has sold 75 per cent of its Bitcoins, adding $936 million in cash to its balance sheet in the second quarter (Q2) this year, as it deals with economic meltdown amid cryptocurrencies falling off the cliff. Last year, Tesla made a $1.5 billion investment in Bitcoin and...
Rupee falls 7 paise to all-time low of 80.05 against US dollar in early trade
Business

Rupee falls 7 paise to all-time low of 80.05 against US dollar in early trade

Mumbai, Jul 19: The rupee depreciated 7 paise to an all-time low of 80.05 against the US dollar in early trade on Tuesday tracking the strength of the American currency and firm crude oil prices. At the interbank foreign exchange, the rupee opened at 80 against the American dollar, then lost...
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