The Sri Lankan government on Sunday blocked social media platforms such as WhatsApp, Twitter, Facebook and Instagram after declaring a nationwide public emergency and imposing a 36-hour curfew ahead of a planned anti-government rally over the worst economic crisis in the island nation. The move is aimed at preventing masses from gathering in Colombo to [...]
Domestic macroeconomic data, RBI policy and developments related to the Russia-Ukraine war would be major driving factors for the stock market this week, analysts said. Moreover, FPI investment and trends in crude oil would also influence the trading sentiment, they added. "This week, the RBI credit policy will be a critical factor for Indian markets. [...]
The Supreme Court Friday asked whether it can pass any interim order on a plea of Amazon that Future Retail Ltd's assets including ’Big Bazaar shops’ not be alienated till the dispute over its merger with Reliance Retail is decided by the arbitral tribunal. A bench headed by Chief Justice N V Ramana, which has [...]
GST collections soared to an all-time high of Rs 1.42 lakh crore in March as the fiscal year-end frenzy to meet targets saw strong sales and a crackdown on evasions brought in more taxes. The Goods and Services Tax (GST) collection rose 15 per cent annually in March, the finance ministry said on Friday. With [...]
Tata Motors on Friday said its total domestic sales increased by 30 per cent to 86,718 units in March as compared to 66,462 units in the year-ago period. The company said its passenger vehicle wholesales rose by 43 per cent to 42,293 units last month as against 29,654 units in March 2021. Its commercial vehicle [...]
Jet fuel prices on Friday were hiked by 2 per cent - the seventh straight increase this year - to an all-time high, reflecting a surge in global energy prices. Aviation turbine fuel (ATF) - the fuel that helps aeroplanes fly - was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs [...]
The US will release 1 million barrels of oil per day from its strategic petroleum reserve for the next six months, President Joe Biden has announced, as he tried to keep the oil prices under control with the largest-ever release from its emergency oil stash. Biden's move comes after Russia's invasion of Ukraine had sent [...]
Toyota Kirloskar Motor (TKM) on Friday reported total wholesales of 17,131 units in March, its best-ever monthly sales in five years. Last month, the company's dispatches rose by 14 per cent compared to 15,001 units in March 2021. The automaker also registered a 58 per cent cumulative growth in FY2021-22 by clocking wholesales of 1,23,770 [...]
Shares of Hero Motocorp on Friday declined over 6 per cent amid fresh concerns related to the I-T dept detecting multiple irregularities after raids on the company. Shares of Hero Motocorp tanked 6.32 per cent to Rs 2,151.60 on the BSE. At the NSE, it tumbled 6.28 per cent to Rs 2,150. The Income Tax [...]
MG Motor India on Friday reported a 14.5 per cent decline in retail sales in March at 4,721 units, hit by supply chain constraints due to the new COVID-19 variant and the ongoing global semiconductor chip shortage. The company had retailed 5,528 units in March last year. Sales in March this year was "immensely impacted [...]
