New Delhi: Shares of BHEL on Thursday ended 9 per cent higher after the company said it has secured an order worth over Rs 3,500 crore from Adani Power Limited to set up a thermal power project in Raipur, Chhattisgarh. The stock jumped 14.57 per cent to Rs 292.45 during the day on the BSE….
Mumbai: After a colossal fall on the election result day (Tuesday), the Indian equity market made a marginal recovery on Wednesday following news that political allies of BJP will stick with the party to form a NDA government for the third consecutive term. The NSE Nifty 50 gained 735.87 points or 3.36% to close at…
Mumbai: Benchmark stock indices Sensex and Nifty rallied more than 3 per cent to close at lifetime highs on Monday following across-the-board buying as exit polls predicted a massive win for the BJP-led NDA in the general elections. The 30-share BSE Sensex soared by 2,507.47 points or 3.39 per cent to settle at a new…
New Delhi: India’s manufacturing sector saw a slower growth rate for the second straight month in May but stayed firmly in expansion mode with global sales increasing to the greatest extent in over 13 years, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.8 in…
New Delhi: Goods and Services Tax collections grew 10 per cent to Rs 1.73 lakh crore in May driven by an increase in domestic transactions, indicating a sustained economic momentum. The collections, however, stood lower than the highest-ever mop-up of Rs 2.10 lakh crore recorded in April. “The gross Goods and Services Tax (GST) revenue…
New Delhi: Moody’s Ratings on Friday projected India to grow 6.8 per cent in the current year, followed by 6.5 per cent in 2025, on the back of strong, economic expansion, along with post-election policy continuity. India’s real GDP grew 7.7 per cent in 2023, up from 6.5 per cent in 2022, driven by robust…
New Delhi: S&P Global Ratings on Wednesday revised outlook on six Indian banks, including SBI and ICICI Bank to positive from stable, mirroring the rating action on the sovereign. S&P also revised the rating outlook to positive from stable on state-owned NTPC, ONGC, and Power Grid and affirmed ‘BBB-‘ issuer and issue ratings on these…
Kozhikode (Kerala): Senior Congress leader P Chidambaram on Tuesday said the various welfare schemes and policies in the country are “not pivoted to the poor”. Chidambaram said an egalitarian society can be created only if the schemes and policies are oriented towards the poor. The former union minister was speaking on the topic ‘Inclusive Growth:…
New Delhi: The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last…
Panaji (Goa): The Indian Single-malt whiskies continue to make headlines as the fastest-growing beverage alcohol category. India remains a key market for high-end spirits–especially Indian single-malt whiskies–the country’s luxury market leadership could soon become strong with more international markets savouring this fine spirits. Goa based luxury spirits company–Imperial Distillers (Cheers group) the producers of globally…
