Equity benchmark Sensex on Friday rallied around 556 points, logging its best single day in two months, while Nifty closed above the 19,400 level on value-buying in power, metal and oil stocks following strong domestic macro data and global cues. The BSE barometer closed higher by 555.75 points or 0.86% at 65,387.16 with 26 of [...]
On Friday Revenue Secretary Sanjay Malhotra said that the GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. "Roughly numbers are in the range of 11 [...]
India recorded an economic growth rate of 7.8% in the April-June quarter of 2023-24 and remained the fastest growing large economy mainly due to better performance by agriculture and financial sectors, government data showed on Thursday. The Gross Domestic Product (GDP) expanded by 13.1% in the April-June quarter of 2022-23. India remained the fastest-growing major [...]
Benchmark Sensex closed lower by around 256 points in a volatile trade on Thursday, snapping its three-day gaining streak due to selling in banking, FMCG and oil and gas shares amid weak Asian cues. The BSE barometer fell by 255.84 points or 0.39% to close at 64,831.41 points with 22 of its constituents ending in [...]
On Wednesday, the government said that it has approved the export of 1.43 lakh tonnes of non-basmati white rice to Singapore, Mauritius, and Bhutan. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) said in a notification. Although non-basmati white rice exports were prohibited on July 20 [...]
With an aim to protect investors' interest and the integrity of the capital markets, SEBI has notified a new framework prohibiting listed entities, with more than 200 non-QIB (qualified institutional buyer) holders of non-convertible debt securities, from delisting voluntarily. Under the new rule, the listed entity will have to obtain permission from all holders of [...]
Equity benchmark indices climbed on Monday after two days of fall, tracking strength in global markets and buying in HDFC Bank. Sensex climbed 110.09 points or 17 bps to settle at 64,996.60. During the day, it jumped 326.94 points or 50 bps to 65,213.45. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,638.21 crore on [...]
Solar capacity addition in the country declined 58% to 1.7 GW in the Q1 FY2023 period, mainly due to land and transmission-related issues, Mercom India said on Monday. Mercom India is based in Bangalore and is a subsidiary of US based Mercom Capital Group, a leading clean energy consulting firm recognized globally for its clean [...]
The EU on Saturday voiced concerns over the "rapid" rise in refined petroleum products made from Russian crude oil in India finding its way to the European market, saying it defies the purpose of the sanctions against Moscow that are aimed at reducing its ability to finance the war with Ukraine. According to Valdis Dombrovskis, [...]
In the last four days, the National Cooperative Consumers' Federation of India (NCCF) reported buying 2,826 tonnes of onions directly from farmers at a cost of Rs 2,410 per quintal, primarily from Maharashtra as it resumed buying the bulb for a larger buffer stock. The government enhanced the onion buffer stock target from 3 lakh [...]
