Jet fuel (ATF) prices on Monday were cut by the steepest ever 12 per cent, the second reduction in as many weeks, on softening international oil prices amid recessionary fears. Aviation turbine fuel (ATF) prices were cut by Rs 16,232.36 per kilolitre, or 11.75 per cent, to Rs 121,915.57 per kl in the national capital, [...]
GST collections rose 28 per cent to Rs 1.49 lakh crore on an annual basis in July on the back of economic recovery and measures taken to curb tax evasion, the government said on Monday. In July, 2021, Goods and Services Tax (GST) collections stood at Rs 1,16,393 crore. The collections in July this year [...]
Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by at least 35 basis points to check high retail inflation, experts said. The central bank has already announced to gradually withdraw its accommodative monetary policy stance. The Reserve Bank of India's rate-setting panel [...]
Shares of Yes Bank climbed nearly 6 per cent in Monday morning trade after the announcement that private equity funds Carlyle and Advent International will invest USD 1.115 billion in the lender. The stock jumped 5.75 per cent to Rs 15.80 on the BSE. On the NSE, it advanced 5.68 per cent to Rs 15.80 [...]
The shares of Bajaj Finserv Limited opened at Rs 15,199 on Monday as against the previous close of Rs 15,047. Till 10.30 am the share slid by 0.18% and was trading at Rs 15,019 levels. In the last two trading sessions, the stock has added 13% and in the previous five days, the stock has [...]
Domestic Benchmark indices have bounced back and have breached the 1% gain mark. On Friday’s closing bell, the BSE Sensex was quoting at 57,570.25 points, up 1.25% or 712.46 points, while the NSE Nifty 50 has climbed 228.65 points or 1.35% and was quoting at 17,158.25 points. These headline gauges were at their 3-month high. [...]
Domestic Mutual Funds have bought shares worth Rs 2.22 lakh crore in the past year after selling shares worth ₹90,000 crores in the previous year. For the last few quarters, mutual funds have increased their holdings in Mid-cap stocks. Here are a few stocks that mutual fund houses have been buying consistently for the last [...]
Electric two-wheelers are going mainstream and the fire incidents will only help manufacturers to focus on quality, thus helping the industry mature, according to Ather Energy cofounder and CEO Tarun Mehta. The Hero MotoCorp-backed firm expects that by the end of this decade up to 30 million electric two-wheelers would be sold in India and [...]
Indian Oil Corporation sold petrol at a loss of Rs 10 per litre and diesel at Rs 14 a litre during April-June, leading to the firm reporting its first quarterly net loss in over two years, a report said. The nation's largest oil refining and fuel retailing firm reported a net loss of Rs 1,992.53 [...]
Multibagger Stocks: The late Big Bull of Indian stock markets- Harshad Mehta’s name resurfaced on the internet earlier this month. It was when his wife Jyoti Mehta launched a website https://www.harshadmehta.in with the aim to defend her late husband. The purpose was to publicly share the alleged harassment that she and her family have been [...]
