Sensex snaps 5-day slide, gains 75 points
Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses.News Arena Network - Mumbai - UPDATED: May 31, 2024, 04:16 AM - 2 mins read
Economy
See AllJuly 3, 2024, 03:39 AM - 2 mins read
Conversely, Tata Consultancy Services, Titan, Reliance Industries, Tata Motors, and Larsen & Toubro were the major laggards. Asian markets showed mixed trends, with Seoul, Tokyo, and Hong Kong ending in positive territory, while Shanghai closed lower. European markets traded with gains, and US markets closed higher on Tuesday.
Read moreJuly 2, 2024, 11:49 PM - 2 mins read
The budget presentation, intended to outline the government's fiscal plans and priorities for the upcoming year, was overshadowed by the persistent demands for accountability and resignation over the nursing college scam.
Read moreJuly 2, 2024, 11:38 PM - 2 mins read
HDFC Bank, the country's largest private bank, was a key highlight. The bank's increased weightage in the MSCI index is expected to rise as foreign institutional investors (FIIs) have greater room to buy stock. This potential for increased investment led to a rally in the Bank Nifty, which also hit a record high of 53,201.50.
Read moreJuly 2, 2024, 06:47 PM - 1 min read
Exclusive discounts and deals across various categories will be available to Amazon Prime members during the sale.
Read moreJuly 2, 2024, 06:18 AM - 2 mins read
In the Sensex pack, Kotak Mahindra Bank, Bharti Airtel, IndusInd Bank, Tata Motors, ICICI Bank, Bajaj Finance, State Bank of India, and Titan were the biggest laggards. Conversely, Larsen & Toubro, Infosys, HDFC Bank, Tata Consultancy Services, HCL Technologies, and Tata Steel emerged as the top gainers.
Read moreJuly 2, 2024, 06:06 AM - 3 mins read
Hindenburg Research, which has publicly shared the notice on its website, described SEBI's actions as "nonsense" and an attempt to "silence and intimidate" those exposing corruption. The firm stated that it made approximately USD 4.1 million from its declared positions on Adani stocks, and criticized SEBI for not focusing its investigation on the evidence presented in the January 2023 report.
Read moreJuly 2, 2024, 12:23 AM - 2 mins read
In a series of posts on social media platform X, the Finance Ministry highlighted the benefits of the GST regime on its seventh anniversary. "With reduced tax rates on household goods after GST implementation, #7yearsofGST has brought happiness and relief to every home through lower GST on household appliances and mobile phones," the Ministry stated.
Read moreJuly 1, 2024, 10:40 PM - 2 mins read
The slide in banking and financial services overshadowed a more than 1% gain in information technology stocks. Among the top gainers on the Nifty50 were Infosys, Coal India, LTIM, Wipro, and ONGC. On the flip side, the top losers included HDFC Life, Kotak Mahindra Bank, Shriram Finance, Bajaj Finance, and SBI Life.
Read moreJuly 1, 2024, 12:13 PM - 3 mins read
The GST and Central Excise Commissionerate in Coimbatore celebrated 'GST Day' with a grand event attended by numerous dignitaries and officials. N Rengaraj, IRS, the Principal Commissioner of Income Tax in Coimbatore, served as the Chief Guest, while SK Sundararaman, Managing Director of M/s Shiva Texyarn Limited and Chairman of The South India Mills Association, was the Guest of Honour.
Read moreJuly 1, 2024, 03:27 AM - 3 mins read
The report quotes NITI Aayog, stating that in the past decade, India has seen a significant reduction in poverty. The proportion of people living in poverty in "all its dimensions" decreased to 14.96% in 2019-21 from 24.85% in 2015-16. This reduction is attributed to sustained economic growth during the period (6.7% average growth between FY16-FY20) and the implementation of various welfare schemes focused on nutrition, health, education, housing, drinking water, sanitation, skill development, and social protection.
Read moreJuly 1, 2024, 02:21 AM - 2 mins read
The Oil Marketing Companies on Monday announced a reduction of Rs 30 in the prices of 19-kilogram commercial LPG cylinders across the country, including metro cities such as New Delhi, Mumbai, Kolkata, and Chennai. The revised rates have come into effect immediately.
Read moreJuly 1, 2024, 02:04 AM - 2 mins read
Fintech startup Simpl reported a 40% surge in consumer spending during India's victory in the ICC T20 World Cup final, reflecting increased quick commerce transactions. Indians showed significant online spending support post-India's victory, with peak activity from 8 pm to 11 pm.
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