The domestic indices BSE Sensex and NSE Nifty closed in the green amid a volatile trading session. Sensex added 361 points to close at 60,927 while Nifty settled at 18,132, gaining 117.7 points or 0.6%. Bank Nifty added 0.54% to end at 42,859. Every BSE Sensex-30 constituent began trading in green as Tata Motors and […]
The Finance Ministry has clarified that it has raised Securities Transaction Tax on the sale of options to 0.062% from 0.05%, ET Now reported citing sources. This a 25% increase. An earlier version of Finance Bill passed in Lok Sabha today had incorrectly said that options sale STT was raied to Rs 2100 from Rs […]
Investment patterns saw a behavioural change in the financial year gone by, with the volatility in the markets unnerving investors. Cash turnover at National Stock Exchange (NSE), which dominates the segment, took a near-20% plunge in FY23 — the sharpest drop in 11 years since a 21.4% slide in FY12. The cash turnover at Bombay […]
The Street’s optimistic earnings growth estimates for FY24 and FY25, of 17% and 16% respectively, for the Nifty set of companies could be cut by 40%, Bank of America (BofA) Securities said on Thursday citing, among other factors, a recession in the US. The brokerage noted there were already signs of earnings weakening in the […]
In a unique assembly at Brigade Parade Grounds in Kolkata, almost 1,00,000 individuals from varied backgrounds came together to chant the sacred verses from the Bhagavad Gita. Dressed in traditional attires, people spanning different age groups and social strata gathered at this renowned location to recite verses from the revered text alongside esteemed sages. Reflecting […]
Domestic indices Nifty and Sensex trade in the green amid volatility after opening in the positive territory. Nifty adds 0.75% to trade at 18,045 while Sensex gains 77 points to trade at 60,644. The broader indices are in the positive territory while the sectoral indices shift between gains and losses, with Nifty Metal rising 2.73% […]
Dr. Shroff’s Charity Eye Hospital (SCEH) has reported a 26 percent increase in myopia cases, primarily affecting children from urban areas. Myopia is becoming a growing health concern for parents. According to a press statement, the strategies to mitigate its prevalence were discussed between national and international delegates at the first International Optometry and Vision […]
Asian equities edged higher on Wednesday, while the dollar steadied as investors braced for U.S. inflation data that will influence the Federal Reserve‘s interest rate policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.28% higher, while Japan’s Nikkei gained 1%. Australia’s S&P/ASX 200 index rose 0.80%. While China‘s reopening from pandemic controls has […]
Private lender ICICI Bank on Saturday reported a 27.64 per cent jumo in consolidated net profit to Rs 9,852.70 crore for the January-March quarter of 2022-23 compared to the year ago period. On a standalone basis, the largest private sector lender reported a nearly 30 per cent jump in its net profit for the March […]
Adar Poonawalla-led NBFC Poonawalla Fincorp shares rose nearly 1% on Thursday after the company announced it would sell its housing arm to TPG Group for Rs 3,900 crore. The company’s board approved the sale of Poonawalla Housing Finance to Perseus SG Pte, an entity affiliated with TPG Global, LLC. Poonawalla Fincorp shares opened at Rs […]
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