More From Economy

Zomato receives show cause notice worth Rs 401 crore for unpaid GST on delivery charges: Report

Zomato has been asked by the tax authorities to pay penalties and interest from October 2019 to March 2022.

Rules changing from January 1 in 2024: Everything you need to know about them in detail

Several rules related to day-to-day life including bank work, Income Tax Returns, among others will change from January 1, 2024. Let's take a look at what will change from new year.

SEBI extends deadline to add nominees in mutual funds, demat accounts to June 2024

"Based on representations received from market participants, for ease of compliance and investor convenience, it has been decided to extend the last date for submission of 'choice of nomination' for demat accounts and mutual fund folios to June 30," the Securities and Exchange Board of India said.

RBI approves lending, borrowing in government securities to deepen bond market

The Government Securities (G-Sec) market will gain depth and liquidity via a healthy securities lending and borrowing market, which will facilitate effective price discovery, according to a notification.

Air India launches 'FogCare' in winter to reschedule, cancel flights without extra charges

Air India news: The FogCare initiative is a sincere effort to minimise inconvenience to guests whose flights are likely to get affected by fog. It will also help maintain network schedule integrity," Rajesh Dogra, Chief Customer Experience Officer of Air India, said today.

Modi Cabinet hikes MSP for copra, announces new road projects in Bihar, Tripura in CCEA meet

Sensex climbs 87.6 points to 71,194.56 in early trade; Nifty up 40.25 points to 21,389.65

Rupee turns flat at 83.16 against US dollar in early trade.

Adani Green Energy inks pact with SECI for supply of 1,799 MW solar power, completes 8,000 MW tender

Adani Green Energy has announced the execution of a PPA with the SECI to supply 1,799 MW of solar power.

Yearender 2023: How did shares perform, top business news this year

In the year 2023, about 82 percent of Nifty stocks have given positive returns so far this year. The highest rise of 1,291 percent was seen in the shares of Jai Balaji Industries. Apart from this, Geeke Wires saw a rise of 544%, Orionpro Solutions saw a rise of 501%.

Increasing exports, reducing imports new way ahead for patriotism, ‘swadeshi’: Gadkari

Three months ago, India jumped from seventh position to third in the automobile exports sector, surpassing powerhouses like Japan.

Air India's first A350 aircraft arrives in Delhi | DETAILS

Air India: Air India's A350 will enter commercial service in January 2024, initially operating domestically for crew familiarisation, followed by longer-haul flying to destinations across continents. The schedule of commercial operations with the A350 will be announced in the coming weeks.

Income Tax Department notifies ITR forms 1, 4 for assessment year 2024-25

Business news: Sugam can be filed by individuals, HUFs and firms other than Limited Liability Partnerships being a resident having total income of up to Rs 50 lakh and income from business and profession.

'Still below debt level of 2002,' India terms IMF's latest report 'misconstrued'

The finance ministry said that any adverse global shock or extreme event is expected to uni-directionally impact all the economies in an interconnected and globalised world. A cross-country comparison shows that India has done relatively well.

Bank holidays in January 2024: Banks to remain closed for 11 days, check state-wise list here

Banks across several states will remain closed for 11 days starting with New Year - January 1, and ending with Me-Dam-Me-Phi - January 31. Scroll down to check bank holidays in the first month of 2024.

India's forex reserves jump USD 9.112 billion to USD 615.971 billion

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves. Gold reserves were up USD 446 million to USD 47.577 billion during the week, the RBI said.

Zomato gears up for $2 billion acquisition, share prices spike

In August last year, Zomato-backed ShipRocket raised $33.5 million giving it a valuation of about $1.2 billion.

Commercial LPG rate slashed by Rs 39.50 per 19-kg cylinder, Check new prices

State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise cooking gas and ATF prices on the 1st of every month, based on the average international price in the previous month.

Stock markets: Sensex, Nifty rebound following buying in index majors, Rupee falls against dollar

The 30-share BSE Sensex jumped 358.79 points to settle at 70,865.10. The Nifty rallied 104.90 points or 0.50 per cent to 21,255.05. Meanwhile, the rupee fell by 9 paise to settle at 83.27 against the US dollar on Thursday.

Sensex drops 585 points, Nifty declines 173 points

The subsequent market movements will be closely watched for insights into investor sentiment and potential shifts in the financial landscape.

Financial freedom: Equity investment and its power in building high-income portfolio

For those with higher risk tolerance, investing in good stocks can accumulate impressive wealth over time. Assets can take the form of stocks, commodities, or mutual funds, aligning with one's growth pace.

Agro SME IPO opens for subscription today, order book at Rs 100 crore

The SME, starting on December 21 and closing on December 27, will see its equity shares listed on the NSE's SME exchange platform. Priced at Rs 180 per share, the IPO has a total issue size of 3,480,000 shares.

Stock markets: Sensex, Nifty fall sharply after hitting fresh all-time high levels

The 30-share BSE Sensex crashed 930.88 points to settle at 70,506.31. The index opened higher and later gained 475.88 points or 0.66 per cent to hit its all-time high of 71,913.07.

SpiceJet revival | Mumbai-based business couple to invest over Rs 1,100 crore, says report

This comes after SpiceJet revealed last week that several wealthy individuals would invest over Rs 2,000 crore in the company using 320.8 million new equity shares and 130 million convertible warrants.

Sensex, Nifty hit record highs amid global optimism, IT stock surge

In Asian markets, Seoul, Tokyo, and Hong Kong experienced positive trends, while Shanghai traded lower. Meanwhile, the US markets closed in the green on Tuesday.

Multibagger stock: In boost to Make in India, PVC industry major to set up greenfield plant

The company has acquired six adjacent industrial plots, totaling 38,054 square meters, to establish a greenfield manufacturing facility for PVC pipes and fittings.

Stock markets scale new record highs: Sensex settles at 71,437, Nifty crosses 21,500 mark

The 30-share BSE Sensex climbed 122.10 points to settle at 71,437.19. During the day, it jumped 308.62 points to reach its all-time intra-day high of 71,623.71. The Nifty climbed 86.4 points to hit its record peak of 21,505.05. It finally closed higher by 34.45 points at 21,453.10.

Sensex gains 254 points to reach 71,569; Nifty rises by 61.35 points

In the morning session on Tuesday, benchmark stock market indices in India opened marginally higher as the global rally showed signs of cooling down following a period of robust gains.

Multibagger IT stock hits fresh high on BSE after acquisition announcement

The Board's approval for a preferential issue of 2,96,296 equity shares at Rs 135 per share reflects the company's commitment to strategic growth. However, the acquisition is contingent upon shareholder approval.