Amendments to the Finance Bill 2023 were passed by the government last week, with the removal of the long-term capital gains (LTCG) tax benefit from debt MFs being a major highlight. This change could impact flows into mid-to longer-duration schemes, which currently have around Rs 6 trn in AUM. Additionally, the funding of corporate bonds […]
By Shrikant Chouhan The benchmark indices witnessed a sharp recovery rally, after a volatile trading session the Nifty ends 68 points higher while the Sensex was up by 141 points. After a weak opening, finally the Nifty took the support near 17200/57700 and reversed sharply. Among sectors, strong buying interest was seen in Metal stocks, […]
By Avinash Pathak The initial prediction was of a strong summer with above-normal temperatures, which has been prevalent in many parts of India. And it has raised expectations among consumer durable makers of a pickup in sales of fans, A/Cs, refrigerators and air coolers. However, February and March have been slightly encouraging, with dealers starting […]
Reliance Industries (RIL) and its UK-based partner bp plc have put on hold the planned auction to sell natural gas from the eastern offshore deepwater block — KG-D6 — following a change in the marketing rules. The bidding process has been suspended till further notice, the companies said in a letter jointly sent by RIL […]
The rupee appreciated 18 paise to close at 81.18 (provisional) against the US dollar on Friday on broad dollar weakness. However, weak domestic equities and a surge in crude oil prices capped sharp gains for the local currency, forex traders said. During the trading session, the local unit witnessed an intra-day high of 81.09 and […]
Auto maker tata motors q3 margins improved across segments, and JLR benefited from rising chip supply, according to brokerage firm Nomura. Tata Motor’s consolidated Ebitda at Rs 9,640 crore was ahead. JLR: Average selling price (ASP) stood at £75.9k +9% q-o-q (Nom: 74k) benefited from strong mix. Ebitda margin was 11.9% (Nom: 12.3%). For India, […]
Oil prices jumped about $5 a barrel on Monday’s open, jolted by a surprise announcement by OPEC+ to cut production further in an effort to support market stability. Brent crude hit the highest in nearly a month at the open, trading at $84.95 a barrel by 0039 GMT, up $5.06, or 6.3%. U.S. West Texas […]
Atal Bihari Vajpayee, the charismatic poet-politician who served as India’s 10th Prime Minister for three non-consecutive terms, remains a towering figure in the nation’s history. Vajpayee passed away at the age of 93 on August 16, 2018. His health had been a growing concern after a stroke in 2009 impaired his speech and led to […]
The Job One of the most rewarding aspects of my job is to solve various challenges that come up at the workplace or in the business ecosystem from time to time. It motivates me to foster an environment where obstacles become opportunities for innovation and growth. This also allows me to engage actively with my […]
As the curtain falls on 2023, it marks a year of immense celebration in Indian Cinema, with numerous films surpassing the remarkable milestone of 500 crores. Simultaneously, the OTT landscape witnessed a great landscape, offering audiences some of the most compelling binge-worthy content. Following a year packed with celebrated blockbusters and enthralling storytelling on OTT, […]
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