Business
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Equity indices settle low, HDFC twins share decline
New Delhi: Continuing with early session losses, the benchmark indices — Sensex and Nifty – settled Wednesday’s session in the red due to continued profit booking by investors. Also, the benchmark indices…
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IT spending in India to hit $110.6 bn despite inflation, geo-political disruption
New Delhi: The overall IT spending in India is likely to reach $110.6 billion in 2022 — growing 6.3 per cent from 2021 – as inflation, geo-political disruption and talent shortages are…
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Not necessary to activate ‘Counter-Cyclical Capital Buffer’: RBI
New Delhi: The Reserve Bank of India (RBI) on Tuesday said that it is not necessary to activate ‘Counter-Cyclical Capital Buffer’ at this point in time. In financial parlance, the ‘CCyB’ applies…
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Equities extend losses; MPC meet in focus for fresh cues
New Delhi: The benchmark indices — Sensex and Nifty — extended their losses for the second consecutive session on Wednesday primarily due to profit booking after a consistent rally in recent sessions.…
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Return of FIIs: Valuations attract foreign capital after 6-month hiatus
Mumbai: Attractive valuations, as well as a downward correction in commodity prices, have triggered an inflow of FII funds into India’s equity market. The market has seen an inflow of over Rs…
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Shares of Tata Motors shift gear on firm sales volumes
New Delhi: Shares of Tata Motors rose on Tuesday in an otherwise subdued broader market. The shares of the automaker gained 6 percent in the past three trading days as the company…
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Rupee surges 21 paise to 75.53 against US dollar
Mumbai: Starting the financial year 2022-23 on a bullish note, the rupee spurted 21 paise to close at a one month-high of 75.53 against the US dollar on Monday, supported by a…
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Early Bird Scheme: 5% rebate on property tax if paid before May
Hyderabad: Tax payers can now avail a 5 per cent rebate on property tax by making the tax payment before April 30. The Greater Hyderabad Municipal Corporation (GHMC) on Monday introduced the…
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Elon Musk takes 9.2% passive stake in Twitter, stock soars 28%
New Delhi/San Francisco: Twitter shares surged nearly 28 per cent on Monday after regulatory filings in the US revealed that Tesla and SpaceX CEO Elon Musk has a 9.2 per cent passive…
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Tesla to keep China plant shut due to COVID-19 restrictions
Beijing: Elon Musk-run Tesla, which delivered over three lakh vehicles in Q1 this year despite an ‘exceptionally difficult quarter,’ has been forced to keep its factory shut in Shanghai amid strict lockdowns.…
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HDFC announces merger with HDFC Bank, shares surge
New Delhi: Housing loan major Housing Development Finance Corporation (HDFC) on Monday said its Board has approved merger of its wholly owned subsidiaries HDFC Investments and HDFC Holdings with HDFC Bank. Upon the…
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SEBI extends timeline for ‘Pooling of Accounts’ to July 1
Mumbai: Markets regulator SEBI heeded to the MF industry’s request and extended the timeline for ‘Pooling of Accounts’ to July 1, 2022, said Association of Mutual Funds in India (AMFI) on Saturday.…