Category: Stocks

A round-up of the biggest articles from newspapers 1. World Bank raises India’s 2022-23 GDP growth forecast to 6.9% The World Bank has raised its GDP growth forecast for India for the current financial year to 6.9 percent from 6.5 percent projected in October because of the economy’s relative resilience to external headwinds and the […]

According to Hinduja Tech CEO Kumar Prabhas, the acquisition of Drive System Design is an important milestone in Hinduja Tech’s growth journey in the eMobility industry. PTI December 07, 2022 / 06:40 AM IST Hinduja Tech, part of the diversified business conglomerate Hinduja Group has acquired Drive System Design for an ‘undisclosed sum’ to expand […]

After the pandemic-fuelled awareness and need for health insurance as well as growing healthcare inflation, the current level of deduction allowed is inadequate, insurers feel (Representative Image) A separate tax deduction provision for life insurance, tax waiver for annuity income, higher deductions for health insurance premiums, and tax benefits for home insurance – these are […]

Kirit Parikh The Union government should moderate the excise duty it levies on CNG till such time that the environment-friendly natural gas is included in the one-nation-one-tax GST regime, Kirit Parikh Committee has recommended. Natural gas is currently outside the ambit of GST, and existing legacy taxes — central excise duty, state VAT and central […]

Of the top 37 coal producing mines, as many as 24 produced more than 100 per cent, while the output of five mines stood between 80 and 100 per cent. PTI December 06, 2022 / 03:10 PM IST Representative image India’s thermal power generation registered a growth of 16.28 per cent at 87,687 MU (million […]

A 20-minute drive from Ahmedabad’s international airport, Gujarat International Finance Tec-City, or GIFT City, is spread over 880 acres Now that voting in the high-stakes poll battle in Gujarat is over, Prime Minister Narendra Modi is busy with his pet project. The Prime Minister’s Economic Advisory Council meeting on December 6 has on its agenda […]

Representative Image The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due to stronger passenger yields and cost control by carriers amid rising fuel prices, according to industry body IATA. In June, the International Air Transport Association (IATA) projected the industry loss at USD 9.7 billion. […]

Representative image. The government’s fertiliser subsidy will rise to Rs 2.3-2.5 lakh crore in this fiscal but the bill may fall by 25 per cent in the 2023-24 financial year with moderation in global prices, according to industry body FAI. Fertilisers Association of India (FAI) expressed concern that the fixed cost of urea has not […]

Puneet Chhatwal attributed a successful Q3 to strong demand, flourishing wedding season, thriving business on books in October, November. Demand continues to outpace supply which means the ability to charge is higher, says Puneet Chhatwal, MD and CEO of Indian Hotels Company (File Image) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

Airbus converted one of its A350 XWB aircraft into the ‘Airbus Explorer’ to showcase its innovations (Picture Credit: Ameya Joshi) More often than not, one hears the click-click of seat belts being unfastened the moment an aircraft touches down. In some parts of the world, India included, passengers rush to deplane as soon as the […]

Crypto prices climb as shares of Block and Silvergate fall with traditional markets On December 5, cryptocurrency prices rose while stock prices fell overall. Grayscale’s Ether trust fell to a new low. Since noon EST on December 4, Bitcoin has been trading above $ 17,000, according to TradingView. The top crypto by market capitalisation increased […]

The Delhi Taxi and Tourist Transporters Association held a meeting on Monday and decided that they will hold road jams against the Delhi and Punjab governments. PTI December 06, 2022 / 07:57 AM IST Representative Image A transporters’ body on Monday said it will hold massive protests against the Aam Aadmi Party governments in Delhi […]

Shriram Transport Finance and Shriram City Union Finance are now Shriram Finance Shriram Transport Finance Company, the largest financier of commercial vehicles, and Shriram City Union Finance, the largest two-wheeler financer and leader in micro, small and medium enterprise (MSME) lending, have been merged to form Shriram Finance. Umesh Revankar will serve as Executive Vice Chairman […]

Representative Image The Union Home Ministry has released a list of 117 United Nations bodies and other international organisations whose contribution to Indian entities will not be covered under the stringent Foreign Contribution (Regulation) Act, 2010, officials said. Indian organisations receiving foreign funds are mandatorily registered under the Foreign Contribution (Regulation) Act, 2010 and they […]

The inflation dropped to 6.77 per cent in October from 7.41 per cent in the preceding month, mainly due to easing prices in the food basket, though it remained above Reserve Bank’s comfort level for the 10th month in a row. PTI December 05, 2022 / 03:45 PM IST RBI Governor Shaktikanta Das The Reserve […]

Brent crude futures were last up $ 1.51, or 1.8%, to $ 87.08 a barrel at 0945 GMT, while WTI crude futures gained $ 1.40, also 1.8%, to $ 81.38 a barrel. Reuters December 05, 2022 / 03:50 PM IST An active oil drilling rig. – Bloomberg Oil prices rose on Monday after OPEC+ nations […]

Retail inflation eased to a three month low in October, helped by a slower rise in food prices and a higher base effect. PTI December 05, 2022 / 03:56 PM IST The Reserve Bank of India (RBI) logo on a belt at bank’s headquarters in Mumbai, India, on Friday, Sep. 30, 2022. India?s central bank […]

An offshore casino in Goa (Image: Delta Corp) For gaming and leisure company Delta Corp, the Q2FY23 numbers were a harbinger of hope with the figures comfortably surpassing pre-COVID levels. The company had stated in a stock exchange filing that it has registered the highest revenue and profit for the half year ended September 2022, […]

As per IQVIA data, Rufinamide tablets had estimated annual sales of USD 138 million in the US. PTI December 05, 2022 / 04:05 PM IST Drug firm Lupin on Monday said it has launched Rufinamide Tablets, an anticonvulsant medication, in the American market. The company has launched the product, a generic version of Eisai Inc’s […]