Business news

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

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; 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

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

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

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

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

Stock market opened in green, momentum remains muted; Sensex rises 200 points, Nifty hovers around 17,950

As of 1:25 PM, Sensex is up almost 250 points or 0.41% to 60,341 points, while Nifty has gained 60 points to trade near the 17,950 mark and Bank Nifty is trading down more than 200 points or 0.5% to 41,953 points

Jan 17, 2023

Financial condition expected to be tighter: CRISIL Ltd

Even as central banks are expected to slow their pace of rate hikes in 2023, financial conditions are expected to remain tight, said CRISIL Ltd on Monday.

Jan 16, 2023

Indian startups need to reserve cash, listen to customers to stay afloat [details]

As Indian startups face turbulence in the global funding winter, experts on Monday said they need to reserve cash, create a long-term goal and adopt a culture of customer feedback to survive in 2023

Jan 16, 2023

Stock market erases early morning gains, Sensex falls 100 points, Nifty slips below 17,900

As of 1:00 PM, Sensex is trading at 60,077 points, down 180 points or 0.3%, while Nifty-50 is trading down 70 points or 0.4% to 17,886 points and Nifty Bank is trading down 178 points or 0.4% to 42,198 points after touching the day's high of 42,715 points

Jan 16, 2023

Goldman Sachs layoffs in India: Shocking stories go viral on social media

Prior to the layoffs, Goldman Sachs had nearly 9,000 employees working out of the company's Bengaluru, Hyderabad and Mumbai offices

Jan 14, 2023

Domestic equity market recoups losses; Inflation in India and US drops for the second month

As of 1:25 PM, Sensex is trading at 60,295 points, up 337 points or 0.56%, while Nifty is trading close to 18,000 mark at 17,966 points and Nifty Bank is trading well above the 42,000 mark at 42,370 points. All three major indices turned green intra-day and recouped losses

Jan 13, 2023

Iconic food outlet chain Subway heading for sale? WSJ report

The Connecticut-headquartered quick-service food chain is known for its signature submarine (sub) sandwiches and wraps

Jan 13, 2023

Hopes High on Budget 2023-24: Relaxed tax slabs, increased deductions, focus shifts to rural schemes and social security [details]

Since it's a politically and economically crucial year for the current government, the expectations are running high

Jan 12, 2023

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Business news

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

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

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

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

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

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

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

Stock market opened in green, momentum remains muted; Sensex rises 200 points, Nifty hovers around 17,950

Financial condition expected to be tighter: CRISIL Ltd

Indian startups need to reserve cash, listen to customers to stay afloat [details]

Stock market erases early morning gains, Sensex falls 100 points, Nifty slips below 17,900

Goldman Sachs layoffs in India: Shocking stories go viral on social media

Domestic equity market recoups losses; Inflation in India and US drops for the second month

Iconic food outlet chain Subway heading for sale? WSJ report

Hopes High on Budget 2023-24: Relaxed tax slabs, increased deductions, focus shifts to rural schemes and social security [details]

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]