Business

10-yr tax holiday, less holding period of ESOP shares: Startups on Union Budget

Indian startup founders on Monday said that to explore a comprehensive digital India, the Union Budget for FY24 must leverage the full inherent potential of the homegrown technology industry to become champions of digitisation

Jan 30, 2023

Stock market falls sharply as Hindenburg report intensifies selling pressure on D-Street; Sensex below 59,000, Nifty around 17,500

As of 1:15 PM, Sensex is trading more than 400 points or 0.7% lower to 58,914 points, while Nifty is trading at 17,465 points, down 140 points or 0.8% and Nifty Bank is trading nearly 600 points or 1.45% lower to 39,761 points

Jan 30, 2023

Will LIC sustain net gains of Rs 27,300 crore from investments in Adani Group shares?

LIC's total investment in Adani shares has been at Rs 28,400 crore and they reached the value before the crash of last week was Rs 72,200 crore.

Jan 30, 2023

Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India

In the upcoming Railway Budget, the emphasis will be on the development of infrastructure, 'Make in India' high-speed trains and the completion of incomplete railway projects.

Jan 29, 2023

Pakistan Finance Minister seeks divine intervention to rescue sinking economy

As the Pakistan government struggles to arrest the worsening economic crisis, Finance Minister Ishaq Dar sought to allay concerns by invoking divine favour, saying that the country was the only country founded in the name of Islam "and Allah Almighty is responsible for its development and prosperity"

Jan 28, 2023

Hindenburg Research welcomes legal action from Adani; has long list of documents to demand in discovery [details]

Adani Group, however, stated in a statement issued on January 25 that it was "shocked" that the research had been released without the business being consulted.

Jan 26, 2023

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

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 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

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

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