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Goods and Services Taxes

Unbranded packaged foods, budget hotels to be brought under GST

Unbranded pre-packaged food items, hotels with room rent less than Rs 1,000 to be brought under the Goods and Services Tax (GST) net seems to be the decision of the GST Council. Jun 29, 2022
rupee

Forex: Indian rupee slips to 78.68 against US dollar

The increasing global crude oil prices and inflation concern turned slippery for the Indian rupee as it went down against the US dollar on Tuesday. Jun 28, 2022
Medicines

As QR codes made mandatory on medicines, experts underline challenges ahead for industry

In March, the ministry had asked the department of pharmaceuticals (DoP) to shortlist drug brands that can be included in the implementation of mandatory QR codes. Jun 25, 2022
Crypto

Electricity used to mine Bitcoin decreased sharply as crypto crisis widens [In-depth]

The electricity consumption of the bitcoin network has fallen by a third from its high of 11 June, down to an annualised 131 terawatt-hours a year, according to estimates from the crypto analyst Digiconomist. Jun 25, 2022
Crypto

Crypto market flip-flops unlikely to stem slump, companies announce over 1,700 layoffs so far in June alone

Multiple crypto exchanges have announced layoffs that will, by Insiders' calculations, add up to roughly 1,700 job cuts in total. Jun 22, 2022
Ethereum

Cryptocurrency: Bitcoin surges past $20K, Ethereum crosses $1,100 per coin

After witnessing free fall for weeks, Bitcoin finally managed to rebound past $20,000 per digital coin on Monday, around 16 per cent gain over the weekend. Jun 20, 2022
Sensex

Before Stock Markets Open: Optimism high on recovery of Sensex this week

Markets to recover some lost ground, says Arun Kejriwal on equity indices of Indian markets this week Jun 20, 2022
Stock Market

Stock Markets: Sensex, Nifty settle sharply low on Friday as recession fears grip investors

Domestic equity benchmark indices declined as the day progressed and settled sharply lower on Friday as investors evidently feared a looming recession. Jun 18, 2022
London Stock Exchange in London, Britain

Global markets plunge again amid interest rate hikes, fuel recession fears

The global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession. Jun 17, 2022
US federal reserve chairman

US Fed makes rate hike of 0.75 percentage points, highest since 1994

To tame the inflation that is at its highest in 40 years, the US Federal Reserve raised the interest rate by 0.75 percentage points, the biggest since 1994 Jun 16, 2022
Spices on sale

Inflation rate: Wholesale inflation hits record high in May at 15.88%

India's wholesale inflation gauged by the Wholesale Price Index, with base year as 2011-12, rose to a record high of 15.88 per cent in May 2022 from 15.08 per cent in April, official data revealed on Tuesday. Jun 14, 2022
Sensex

Stock Markets: Sensex, Nifty open negative but enter green zone after opening hour

Sensex was slightly up at 52,940.36 or 93.66 (0.18%) in the opening hour and Nifty too gained marginally to 15,805.10 or 30.70 (0.19%) points up. Jun 14, 2022
Bitcoin

Bitcoin, Ethereum crash to record 18-month low amid crypto winter

The crypto winter hammered cryptocurrencies on Monday as the price of a single Bitcoin fell sharply to around $25,600, an 18-month low. Jun 13, 2022
sensex

Stock Markets: Sensex, Nifty tumble in opening session on high inflation cues from US

By 11:25 a.m., Sensex was hovering around 52,938.42 or 1,365.02 (2.51%) points down, while Nifty was 15,816.20 or 385.60 (2.38%) points down. Jun 13, 2022
Portable Speaker

Global PC shipments to fall 8.2% in 2022 due to these economic factors

The global macro-economic factors are set to hamper global shipments of traditional PCs this year, leading to a 8.2 per cent fall (on-year) to 321.2 million PC units. Jun 13, 2022
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The Nifty closed at 24,175.70, gaining 169.85 points, or 0.71 per cent, while the Sensex advanced 579.48 points, or 0.75 per cent, to settle at 77,502.12.
Sensex jumps 579 points, Nifty tops 24,175 as easing oil prices lift market mood
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