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Indices surge in opening deals on global cues, Sensex up over 300 pts
Business

Indices surge in opening deals on global cues, Sensex up over 300 pts

New Delhi, May 27: Domestic equity benchmark indices extended their gains from the previous session and traded in the green during trade on Friday amid firm global cues. Indian markets opened higher in line with Asian markets and sharply positive overnight US markets. At 9.58 a.m., Sensex was at...
Indices rise in opening deals on global cues
Business

Indices rise in opening deals on global cues

New Delhi, May 26: Domestic equity indices inched higher during the opening session on Thursday on positive global cues. Indices in the US rose overnight after minutes from the Federal Reserve's latest meeting revealed a strong possibility of two more policy rate hikes in the coming months. At...
Third straight day losses for domestic indices, Sensex declines 303 pts
Business

Third straight day losses for domestic indices, Sensex declines 303 pts

New Delhi, May 25: Extending their losses for the third straight day, domestic equity benchmark indices settled in the red on Wednesday. Indian indices opened higher on Wednesday but afterwards turned negative later in the day. Sensex closed at 53,749.26 points, down 303.35 points or 0.56 per...
Sensex climbs over 132 points in early session; surrenders gains in volatile trade
Business

Sensex climbs over 132 points in early session; surrenders gains in volatile...

Mumbai, May 24: Equity indices made a firm start on Tuesday, with the Sensex climbing over 132 points but later pared the initial gains amid volatile trade. The 30-share BSE Sensex opened higher and further jumped 132.18 points to 54,420.79 points. The broader NSE Nifty gained 41.15 points to...
GST Council may consider modification in monthly tax payment form for better ITC reporting
Business

GST Council may consider modification in monthly tax payment form for better ITC...

New Delhi, May 22: The GST Council is likely to consider modification in summary return and monthly tax payment form, GSTR-3B, in its meeting next month, with a view to check fake input tax credit claims and expedite settlement of genuine ones, an official said. According to officials, the...
Excise duty cut on petrol, diesel; subsidy announced for Ujjwala gas beneficiaries
Business

Excise duty cut on petrol, diesel; subsidy announced for Ujjwala gas...

New Delhi, May 21: Amidst rising energy prices and inflation, the Central excise duty on petrol has been cut by Rs 8 per litre and on diesel by Rs 6 per litre, reducing the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre, Union Finance Minister Nirmala Sitharaman said."Today, the...
Vintage Mercedes sells for nearly Rs 1,100 cr, becomes worlds most expensive car
Business

Vintage Mercedes sells for nearly Rs 1,100 cr, becomes world's most expensive...

Toronto, May 20: A vintage 1955 Mercedes-Benz has been sold for $143 million (about Rs 1,100 crore), making it the most expensive car ever sold at an auction. Canada-based RM Sotheby's announced that it has auctioned off a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, earlier this month, for 135...
Equity benchmarks up in opening deals
Business

Equity benchmarks up in opening deals

New Delhi, May 20: Equity benchmark indices rose in opening deals on Friday led by gains in auto, oil & gas, metals stocks. Also, value buying post recent slump too buoyed the indices. At 10.07 a.m., Sensex was 1,105 points up at 53,897, whereas Nifty 345 points up at 16,154. "The...
LPG price hiked by Rs 3.5, crosses Rs 1,000 mark
Business

LPG price hiked by Rs 3.5, crosses Rs 1,000 mark

New Delhi, May 19: Cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rate this month following the firming of international energy rates. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, up from Rs 999.50 previously,...
India retains top spot as fastest-growing major economy: UN report
Business

India retains top spot as fastest-growing major economy: UN report

United Nations, May 19: With an economic growth forecast at 6.4 per cent for this fiscal year, India will be the fastest-growing major economy, according to the UN."We expect Indian recovery to remain strong in the near term in the next year, and two," Hamid Rashid, the chief of the UN's Global...
Sensex dives 1,155 points in early trade amid weak global markets
Business

Sensex dives 1,155 points in early trade amid weak global markets

Mumbai, May 19: Equity benchmarks fell sharply on Thursday in line with an extremely weak trend in the global markets, with the Sensex plunging 1,154.78 points in early trade. Persistent foreign fund outflows and a spurt in crude oil prices also dampened sentiment. The 30-share BSE benchmark...
Weak LIC listing due to unpredictable market conditions: DIPAM Sec
Business

Weak LIC listing due to unpredictable market conditions: DIPAM Sec

Mumbai, May 17: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Tuesday said the weak debut of the country's largest insurer LIC on the bourses was due to unpredictable market conditions and suggested investors to hold on to the stock for long-term value....
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