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On The birth anniversary of Dhirubhai Ambani, India’s richest man and the Chaiman and Managing Director of Reliance Industries Limited Mukesh Ambani has dropped hints of giving more responsibilities to the new generations. An iconic entrepreneur Dhirubhai started Reliance from very humble beginning to make it one of India’s most successful business empires during his […]
Market watchdog SEBI on Tuesday announced a slew of changes to tighten norms for the utilization of IPO proceeds. Key Changes: Introduction of special situation funds to invest only in stressed assets was among the many changes proposed by the SEBI board. They also made amendments to various regulations like on proceedings of settlements and […]
Market continued it’s positive run on Tuesday as Sensex gained 477 points.The market witnessed gains in technology and auto shares. All sectoral indices ended on a positive note. The BSE closed at 57,897.48 points after gaining 0.83% and NSE closed at 17,233.25 after gaining 0.86% ICICI Direct said that the market is in the middle […]
Acting on multiple complaints filed by state consumers, the Department of Weights and Measures and Consumer Protection, Gujarat, has fined retail giants a penalty of Rs 25 lakhs each. The companies have been charged with fraudulent acts that are in gross violation of consumer order, as based on product catalogue/photo and/or delivery assurance. The 60 […]
Laghu Udhyog Bharati, an all India organization of the micro and small scale industries, has urged the Union Finance Minister, Nirmala Sitharaman to restore the goods and service tax (GST) rate of 5% on textile fabrics. In a letter to the Union Finance Minister, Laghu Udhyog Bharati stated that the notification has been issued with […]
Business tycoon Gautam Adani-led Adani Group is all set to start coal exports from their Carmichael mine in Australia’s Galilee Basin. It is the first coal mine in Queensland’s Galilee Basin with huge untapped coal reserves. Adani Group bought this mine in 2011 for $2 Billion. “The first shipment of high-quality coal from the Carmichael […]
From January 1, get ready to shell out more after booking a cab, buying denim of your favourite brand or even footwear irrespective of the price as the GST Council has decided to increase the GST rates in some cases and in some have introduced new measures. What is more interesting, if you call an auto-rickshaw […]
Amid rising cases of Covid variant Omicron, Sensex on Monday staged 877 points rebound and ended 295 points up, after factoring in the low mortality rate of the new variant. The market witnessed gains in Pharma, IT, finance, and realty sectors. The BSE closed at 57,420.24 points after gaining 0.52% and NSE closed at 17,086.25 […]
Billionaire business tycoon Gautam Adani and Total of France’s joint venture- Adani Total Gas Ltd and State-owned Indian Oil Corporation (IOC) have bid for the maximum number of licenses to provide piped cooking gas to households and retail CNG to automobiles. Tenders were floated by the Petroleum and Natural Gas Regulatory Board (PNGRB) for 65 […]
After three days of rally and around 1500 points gains, the market on Friday tumbled 191 points. The BSE closed at 57,124 points down 0.33 percent and NSE closed at 17,003 down 0.40 percent. The top five gainers were: No Company Name Change (in %) 1 Data Patterns (India) 29.03 2 Nikhil Adhesives 20.00 3 […]
Indian e-commerce giant Amazon India has taken the Enforcement Directorate to the Delhi High Court over an inquiry conducted by the latter regarding the Future Group deal of 2019. With their petition Amazon is seeking a relief from the probe by the ED which they allege is going beyond the scope and power of the […]
After recovering 1100 points in the last two days, the market gained 385 points on Thursday. The BSE closed at 57,315.28 up 0.68 percent and NSE closed at 17,072.60 up 117.15 points. Medplus Health Services Ltd had a stellar listing, the stock closed 40.81 percent up from its listed price of Rs 796 to Rs […]
The Government has empowered GST officials to recover Goods and Services tax without issuing a notice. This power has been given to the GST officials through a gazette notification and the provisions will come into effect from January 1,2021. According to the new amendments, if invoice details and outward supply liability don’t match, GST officials need not […]
There is a global fear about the spread of new Covid variant Omicron and many industries are affected by it but that’s not the case with the diamond industry, as the exports from India rose by 21%. Recently, Gems and Jewellery Export Promotion Council (GJEPC) released Import-Export Data which highlighted how despite the jitters in […]
In a recovery mode, after gaining 500 points on Tuesday, the Market gained 600 points today and maintained the positive momentum. The market closed at 56,930 up 1.09 percent or 611.55 points. The Nifty closed at 16,955 up 1.1 percent or 184.60 points. Top Gainers were: No Top Gainers Gain( in %) 1 Share India […]
Guess how many samosas Indians order? Well, hold your breath: They order 50 lakh of them or equivalent to the combined population of Dubai, Maldives and Hawaii! Want more? Well, Indians order 2 biryanis every second. This is not all. Swiggy’s latest StatEATstics 2021 also reveals that Pavbhaji and Gulab Jamun are the second most-ordered […]
The Government-owned Bharat Sanchar Nigam Limited on Monday launched a Broadband plan with a validity of 425 days. At present, there is no company offering a plan of more than 365 days. This broadband plan comes at Rs 2500. This is one of the many plans launched by the company. There are many others that […]
After two days, which saw the market lose Rs. 9.21 lakh crore, investors on Tuesday were relieved as it recovered around 500 points. Yesterday, on BSE as many as 2699 stocks were in red, record 540 stocks were seen hitting the lower circuit and 90 stocks touched 52 week low. Today, the market witnessed 2281 […]
The BSE Sensex closed solidly 2.09% lower on Monday and recorded the worst decline of the month so far, as investors felt the jitters of the spread of corona variant omicron. Market closed 1189.73 point down at 55822.01 with intra-day high of 56,538 and low of 22,132. The Nifty 50 closed 371 points at 16,614. […]
Maharashtra has reported the highest number of complaints against e-commerce companies followed by Uttar Pradesh and Delhi. The Union Minister of State for Consumer Affairs, Food and Public Distribution Ashwini Kumar Choubey informed Rajya Sabha that a total of 5,12,919 complaints against e-commerce platforms has been registered in the National Consumer Helpline from April 2019 […]
