Industry players have urged the government to introduce an amnesty scheme to resolve long-standing disputes under the Customs laws in the upcoming interim Budget. “We have received proposals for introducing an amnesty scheme…but the Budget is unlikely to address this issue (given that it is just an vote on account and not the full Budget,” […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Monday, 6 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
By Sameet Chavan The Indian equity market has snapped its winning streak of three consecutive days and witnessed decent profit booking at higher levels. The mixed global cues played a vital role in the session’s correction that got aggravated in the latter half, where the Nifty 50 index tested intraday low of 17511 level till […]
By Jigar Trivedi Gold weakened past $1,860 an ounce on Friday and set to decline for the second straight week, weighed down by hawkish signals from Federal Reserve officials who reiterated their commitment to bring down inflation with more rate increases. Those developments came on the heels of stronger-than-expected US jobs numbers which could fuel […]
Electrical appliance maker Havells reported revenue growth of 12.6% y-o-y in Q3FY23. However, Ebitda and PAT were down 3.8% and 7.3% y-o-y. While gross margin improved 75bps y-o-y, higher staff cost and other expenses as percentage of sales pulled the Ebitda margin down by 175bps y-o-y. PAT margin also contracted to 6.9%. While B2C sales […]
By Ankur Agarwal Private equity (PE) firms are constantly looking for ways to improve their decision-making and create value for their investors and grow the portfolio companies they invest in. Having the data is just one half of the puzzle; analysing it to meaningful inferences is the other half that can help PE firms achieve […]
The appointment of Suresh Iyer as the new MD & CEO at Can Fin Homes is a positive development for the mortgage lender’s shares, as it removes overhang of a key management position lying vacant since September 2022, analysts said. Iyer was appointed as Can Fin Homes chief on March 18 for a period of […]
Indian benchmark indices are likely to open decisively in the red, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading lower, down 103 points, at the 17,515 level. Markets fell on selling pressure, snapping a three-day relief rally. Nifty closed under 17,600, losing almost 165 points while Sensex slid 541 points, settling at […]
Bank Nifty, Nifty50: Bank Nifty has fallen 9% year-to-date as compared to a 6.2% fall in the benchmark Nifty 50 index. The banking index is also down 11.5% from its 52-week high and has attracted investors’ attention who are looking to buy on dips. Bank Nifty saw significant outperformance in 2022, supported by solid fundamentals. […]
ITC share price today hit the most-awaited milestone of Rs 400, rising 1.25% in trade on Monday, touching an intraday high of Rs 401.7 per share. Earlier, on Thursday, ITC stock had ended at Rs 396. ITC share price has gained over 20% year-to-date, after drawing criticisms and significant trolling from investors over the years. […]
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