The government on Friday cut the windfall tax on domestically produced crude oil sharply from Rs 4,900 to Rs 1,700 per tonne, the lowest level since the tax was imposed on July 1, thanks to continued decline in global crude prices. In the latest fortnightly review of the one-off taxes, the government has also cut […]
Asian shares followed U.S. stock futures higher on Monday on hopes authorities were working to ring fence stress in the global banking system, even as the cost of insuring against default neared dangerous levels. Helping nerves were reports First Citizens BancShares Inc was in advanced talks to acquire Silicon Valley Bank from the Federal Deposit […]
The electric bus segment is catching up pace in a fast and furious way. This has resulted in some new but serious players opting for the expansion route to get some early-bird advantage. Pune-based EKA Mobility, had recently announced strategic partnership withJapan’s Mitsui & Co and Netherlands VDL Groepto expand its global footprints. Sign Up […]
Telecom operator Vi is helping enhance rural incomes and raise farm productivity across 12 states in India with the use of smart technologies such as IoT sensors, artificial intelligence, cloud services and drone technology. Through its SmartAgri programme, the company is developing smart agriculture solutions to increase overall productivity and reduce the input costs. These […]
As the reports surface that the government may raise the export quota for sugar, sugar stocks rallied for the second consecutive session. Bajaj Hindusthan Sugar, Shree Renuka Sugars, Balrampur Chini Mills, Dalmia Bharat Sugar and Dhampur Sugar Mills are all gaining on the back of the update. Many analysts are positive about the sugar sector […]
Around 60% of businesses surveyed by IT industry body Nasscom reported having matured responsible AI (RAI) practices and policies in place or having taken formal steps towards RAI adoption. Also, 30% of businesses reported basic awareness of RAI imperatives without a formal strategy, a Nasscom report revealed on Tuesday. The report is based on analyses […]
Fund mobilisation by companies through equity and debt routes has dropped 20 per cent in 2022 to nearly Rs 11 lakh crore, as exuberance dwindled this year due to expensive credit avenues and volatile markets. The first half of 2023 could continue to remain challenging. The year 2021 was extraordinary for fundraising from the equity […]
The trading hours for interest rate derivatives have been extended by the National Stock Exchange (NSE) until 5 pm, with effect from 23 February. NSE is also mulling increasing trading hours for the equity and equity derivatives segments as well, and is seeking feedback from members and traders, according to media reports. Some investors are […]
Indian benchmark indices are likely to open on a mildly negative note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were in the red at the 17,792 level. In the previous session, Sensex closed flat at 60,673, down 0.03% and the Nifty extended losses for a second session . “Despite opening gains, negative cues […]
Indian equity indices ended Monday’s session in the green territory. The Sensex closed above 60,500 while the Nifty settled above 18,000 level. The top gainers of the BSE Sensex were State Bank of India (up 4.02%), IndusInd Bank (up 3.99%), Baja Finserv (up 2.87%), Tata Steel (up 2.64%) and ITC (up 2.59%). On the other […]
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