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  Sensex climbs nearly 160 points, Nifty at 15,797 in early trade

  July 04, 2022 10:13 IST

  The BSE benchmark was trading with a gain of 159.56 points at 53,067.49 in early trade. The NSE Nifty also went higher by 45.4 points to 15,797.45. However, the indices failed to hold on to the gains and turned volatile in the morning trade.  

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  HDFC and HDFC Bank merger proposal gets nod from stock exchanges

  July 04, 2022 9:01 IST

  The merger of HDFC and HDFC Bank is expected to be completed by the second or third quarter of FY24.

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  Windfall tax to recoup most of Rs 1 lakh crore revenue lost in excise cuts

  July 03, 2022 11:45 IST

  The tax on crude oil producers like Oil and Natural Gas Corporation (ONGC), Oil India Ltd and Vedanta Ltd alone will fetch the government Rs 69,000 crore annually considering 29.7 million tonnes of oil production in 2021-22 fiscal (April 2021 to March 2022). 

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  Tesla’s Q2 sales drop amid problems of supply chain, COVID-19 pandemic

  July 03, 2022 8:58 IST

  The company on Saturday disclosed it sold more than 2,54,000 cars and SUVs from April through June, an 18% drop from the first three months of this year and also well below the pace in last year’s final quarter.

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  After terrible first half, 2022 may bring more bad news for US markets

  July 02, 2022 23:20 IST

  The first six months were full of surprises: Inflation, the biggest selloff in bonds in four decades, a plunge in tech stocks rarely matched in history, and the implosion of crypto, the Wall Street Journal reported.  

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  Central Government slaps tax on petrol, diesel exports; imposes windfall tax on crude oil

  July 01, 2022 14:54 IST

  The levy on crude, which follows record earnings by state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) and private sector Cairn Oil & Gas of Vedanta Ltd, alone will fetch the government Rs 67,425 crore annually on 29 million tonnes of crude oil produced domestically.

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  Sensex falls 400 points in early trade on weak global market trends

  July 01, 2022 14:13 IST

  Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 1,138.05 crore on Thursday.

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  High inflation globally to stay longer as war and sanctions take toll on economies: RBI report

  June 30, 2022 23:23 IST

  The global economic outlook is clouded by the ongoing war in Europe and the pace of monetary policy tightening by central banks in response to mounting inflationary pressures, Reserve Bank of India (RBI) report said.

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  Cryptocurrencies are clear danger, says RBI Governor

  June 30, 2022 18:22 IST

  The government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. Reserve Bank of India (RBI) has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset.

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  Markets closing bell: Sensex, Nifty end on flat note in choppy trade

  June 30, 2022 20:05 IST

  The BSE benchmark Sensex slipped 8.03 points or 0.02 per cent to settle at 53,018.94. During the day, it had gained 350.57 points or 0.66 per cent to 53,377.54.

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  Bank holidays in July 2022: Banks to remain closed for 14 days this month. Here's full list

  July 14, 2022 9:17 IST

  Bank holidays in July 2022: Including weekend offs (second Saturdays and Sundays), banks will remain closed for 14 days in the month of July. However, these holidays are going to be state/region specific.

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  Co-living player Housr acquires StayAbode to expand biz

  June 30, 2022 12:42 IST

  The acquisition is a part of Housr's expansion plan to reach 12,000 beds by March 2023 with a combination of Housr co-living and Housr homes (rental managed homes).

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  Finance Minister Nirmala Sitharaman to release assessment report of states, Union Territories

  June 30, 2022 10:12 IST

  According to the Ministry of Commerce and Industry, the BRAP report includes 301 reform points that cover 15 business regulatory areas such as access to Information, single window system, labour, environment, sectoral reforms and other reforms spanning across the lifecycle of a typical business.

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  Housing sales grow 4.5 times in April-June period in top 8 cities

  June 29, 2022 18:00 IST

  The price of residential properties rose 5-9 per cent annually, driven by rise in input costs, inflationary pressures and premium attached with ready-to-move-in inventory. Pune and Chennai saw maximum appreciation at 9 per cent each.

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  Rupee falls 18 paise to close at all-time low of 79.03 against US dollar

  June 29, 2022 17:18 IST

  At the interbank foreign exchange market, the rupee opened lower at 78.86 against the greenback and finally settled at 79.03, down 18 paise over its previous close.

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  Stocks halt 4-day winning run, Sensex down 150 points on weak global markets

  June 29, 2022 17:09 IST

  The 30-share BSE Sensex settled 150.48 points or 0.28 per cent lower at 53,026.97 as 20 of its stocks ended with losses. The broader NSE Nifty declined by 51.10 points or 0.32 per cent to 15,799.10 with 34 of its constituents closing in the red. 

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  GST Council meet: No decision on extending compensation regime to states

  June 29, 2022 16:17 IST

  Puducherry finance minister K Lakshminarayanan said all states sought an extension of the compensation mechanism, but no decision has been taken.

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  Sebi imposes Rs 7-cr fine on NSE, Rs 5 cr each on Ramkrishna, Varanasi in 'dark fibre' case

  June 29, 2022 14:32 IST

  Sebi initiated investigation with respect to the dealings of the several entities, for the period 2009 to 2016 to investigate into the matter of providing connectivity to certain stock brokers by NSE in a manner which may be detrimental to the investors or the securities market.

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  GST Council meet: All eyes on states' compensation; 28% tax on online gaming, casinos, horse racing

  June 30, 2022 9:49 IST

  Severa non-BJP ruled states want the compensation regime to be extended by 5 years or the share of states in the GST revenues be increased to 70-80 per cent from the current 50 per cent.

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  Buyer to deduct TDS on peer-to-peer virtual digital assets transactions, says CBDT

  June 29, 2022 11:11 IST

  "Thus, in a peer-to-peer (ie buyer to the seller without going through an Exchange) transaction, the buyer (ie person paying the consideration) is required to deduct tax under section 194S of the Act," the CBDT said.

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  Sensex falls over 500 points, Nifty below 15,700 on weak global market trends

  June 29, 2022 10:09 IST

  The 30-share BSE Sensex was trading 564.77 points lower at 52,612.68. The NSE Nifty dipped 162.4 points to 15,687.80.

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  GST council meeting: Council clears proposal to remove tax exemptions on some items

  June 28, 2022 22:49 IST

  The GoM had suggested withdrawal of GST exemption on a host of services including on hotel accommodation of less than Rs 1,000 per day and replacing it with a 12 per cent tax. 

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  GST Council meeting: 2-day gathering commences, Will Petrol-Diesel come under new tax regime

  June 28, 2022 21:15 IST

  Many are hopeful that this time apart from petrol and diesel, a decision should be taken on bringing liquor under GST. However, there is no official word on these developments.

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  AdiGroup forays into cloud market in India

  June 29, 2022 8:41 IST

  The aim of the cloud partnership is to ensure that citizens can benefit from reimagined cloud services that will give them a superior experience with the government and public departments.

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  KuCoin launches new awareness programme for crypto investors

  June 28, 2022 17:29 IST

  KuCoin said that the new awareness programme #ThinkBeforeYouInvest has been launched keeping in mind the needs of the new crypto investors.

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  Akash Ambani replaces father Mukesh Ambani as chairman of Reliance Jio

  June 29, 2022 9:03 IST

  Akash’s elevation as chairman of Reliance Jio Infocomm recognises the specific contributions made by him to the digital services journey and rededicates him to even higher levels of responsibilities, going forward.

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  Rupee tanks 46 paise to close at record low of 78.83 against US dollar

  June 28, 2022 16:42 IST

  The rupee is expected to trade on a negative note on risk aversion in domestic markets and continued selling pressure from foreign institutional investors (FIIs). 

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  Sensex, Nifty end marginally up amid recovery in global markets

  June 28, 2022 16:32 IST

  The 30-share BSE Sensex settled up 16.17 points or 0.03 percent at 53,177.45. During the day, it had declined 389.75 points or 0.73 percent to 52,771.53. The NSE Nifty gained 18.15 points or 0.11 percent to 15,850.20.