Business news

sensex

Benchmark indices fall over 1%; Sensex slides more than 600 points, Nifty falls below 17950

So far in the trading session, Sensex sank more than 600 points or 1.05% to trade at 60,338 points, while Nifty lost nearly 200 points or 1.07% to trade at 17,925 points and Nifty Bank wiped out more than 900 points or 2.19% to trade below 42,000 mark.

Jan 25, 2023

sensex

Stock market extends gains; Sensex is up 120 points, Nifty trades close to 18150

As of 1:15 PM, frontline indices are trading close to the previous close. Sensex is trading at 61,022 points, up 80 points or 0.13%, whereas Nifty is up merely 12 points or 0.05% to trade at 18,130 points. However, Nifty Bank turned red intra-day as it lost almost 50 points or 0.13% to trade at 42,766 points

Jan 24, 2023

Vistara airlines

Vistara reports net profit; crosses $1bn revenue mark in FY23 [details]

Vistara, a joint venture of Tata Sons and Singapore Airlines, has reported a net profit (excluding unrealised foreign currency loss and non-operating income) for the quarter that ended December 2022

Jan 23, 2023

sensex

Stock market opened on upbeat note; Sensex adds 200 points, Nifty trades below 18,100

As of 1:15 PM, Sensex is trading up more than 200 points or 0.33% to 60,820 points; meanwhile, Nifty is up almost 50 points or 0.3% to trade at 18,080 points and Nifty Bank is trading up more than 200 points or 0.56% to trade above 42,700 level

Jan 23, 2023

Home Loan EMI Calculator

How does a Home Loan EMI Calculator helps you with financial planning

The ICICI home loan EMI calculator is your ideal companion if you have opted for a housing finance scheme and are looking for effective ways to plan your budget

Jan 22, 2023

Budget 2021-22

Union budget likely to continue capex hike to boost investment [details]

The forthcoming Union budget is expected to focus on boosting capital expenditure in 2023-24 too, as has been the case for the past several years.

Jan 22, 2023

Construction workers on site

Realty sector seeks boost to affordable housing, tax and policy relief [details]

To sustain the demand in the housing segment, the realty sector wants tax- and policy-related relaxations in the Union Budget 2023.

Jan 22, 2023

Stock market

Only twice in 30 years, the market's been up both pre and post Budget [details]

History suggests that the Union Budget's influence on short-term market performance is declining, foreign brokerage, Morgan Stanley said in a report.

Jan 22, 2023

CBDT meets officials to dispel doubts on faceless tax assessment.

Despite slew of polls ahead, prospects of populist budget appear bleak

The scope for a blatant populist budget looks bleak amid moderating tax revenue, high committed revex, and market loans, Emkay Global Financial Services said in a report.

Jan 22, 2023

sensex

Stock market opened flat; Sensex, Nifty witness choppy trading amid mixed global cues

As of 1:55 PM, Sensex is trading with marginal losses at 60,793 points, down 64 points or 0.11%, while Nifty is trading flat at 18,081 points and Nifty Bank is up nearly 300 points or 0.66% to trade near the 42,600 mark.

Jan 20, 2023

PhonePe raises $350 mn at $12 billion valuation

PhonePe raises $350 mn at $12 billion valuation; investment plans mapped [details]

Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.

Jan 19, 2023

Helmet

Road safety body IRF urges FM to waive GST on 'life saving helmets'

Road safety body International Road Federation (IRF) wrote a letter to Union Finance Minister Nirmala Sitharaman, demanding removal of GST on life saving device helmets for safety of the two-wheeler riders in the forthcoming Union Budget 2023-24.

Jan 19, 2023

sensex

Equity market opened in red amid recession fears; Sensex slipped 150 points, Nifty hovers below 18,150

As of 1:15 PM, Sensex is trading down about 130 points or 0.2% to 60,919 points, while Nifty is trading at 18,126 points, down almost 40 points or 0.2% and Nifty Bank is down 150 points or 0.35% to trade near 42,300 level

Jan 19, 2023

GoMechanic

Sequoia India-backed GoMechanic fires 70% of the workforce amidst violation of accounting norms

Bloomberg reported that EY's research suggested that about 60 of the more than 1,000 GoMechanic service centres may have broken accounting rules to inflate revenue and divert funds

Jan 18, 2023

sensex

Stock market maintains upward momentum; Sensex adds 400 points, Nifty trades above 18,150

As of 1:10 PM, Sensex is trading up almost 400 points or 0.64% to 61,045 points, whereas Nifty-50 is trading at 18,161 points, up 108 points or 0.6% and Nifty bank is up 165 points or 0.4% to trade near 42,400 mark

Jan 18, 2023

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