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Global risk-on sentiment buoys indices; PSU banks
Business

Global risk-on sentiment buoys indices; PSU banks' stocks rise

Mumbai, Dec 23: Positive global cues along with rising risk taking sentiment buoyed India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- during Thursday's late-hour trade session.Initially, both the indices opened with an upgap and rose for the third consecutive session. Globally,...
Air India wins legal battle in English Court of Appeal
Business

Air India wins legal battle in English Court of Appeal

New Delhi, Dec 23: National carrier Air India has won a significant legal battle in a case of a passenger dispute in the UK.Notably, a bench of the English Court of Appeal, has passed an order in favour of the airline. Initially, a District Judge had passed a judgement against the airline in a...
SOS call answered, now telecom sector to ring in 5G in 2022
Business

SOS call answered, now telecom sector to ring in 5G in 2022

New Delhi, Dec 23: A rare bonhomie among three private telecom companies in raising tariffs coming on the back of a bailout package by the government may have helped the telecom sector avert a crisis but the challenges haven't ceased to exist as the industry faces a cash-guzzling task of rolling out...
New Bill on cryptocurrency after Cabinet approval: Sitharaman in Rajya Sabha
Business

New Bill on cryptocurrency after Cabinet approval: Sitharaman in Rajya Sabha

New Delhi, Nov 30: The government will soon bring in a new Bill on cryptocurrency after it is approved by the Union Cabinet, said Finance Minister Nirmala Sitharaman on Tuesday in the Rajya Sabha. A Bill on Cryptocurrency and Regulation of Official Digital Currency for introduction in the Lok...
No proposal to recognise Bitcoin as a currency: Finance Minister
Business

No proposal to recognise Bitcoin as a currency: Finance Minister

New Delhi, Nov 29: The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman said in a reply to the Lok Sabha on Monday. She also informed the House that the government does not collect data on Bitcoin transactions. ...
Now, Reliance Jio raises prepaid tariffs by around 20%
Business

Now, Reliance Jio raises prepaid tariffs by around 20%

New Delhi, Nov 29: After Bharti Airtel and Vodafone Idea, telecom major Reliance Jio said it would raise tariffs for its prepaid users by around 20 per cent.The revised tariffs will come into effect from December 1, the telecom major said. The announcement by Reliance Jio comes few days after...
Traders up in arms against 12% GST on textiles, footwear
Business

Traders up in arms against 12% GST on textiles, footwear

New Delhi, Nov 25: The Confederation of All India Traders (CAIT) said that instead of simplifying and rationalising the GST tax structure, the GST Council has made it as "most complicated GST law in India over the world" and much against the GST structure shown to CAIT by the then Finance Minister...
Traders across the country stage protests against Amazon
Business

Traders across the country stage protests against Amazon

New Delhi, Nov 24: In view of some scary incidents in the country's e-commerce business in the recent past, the US giant Amazon has facilitated the sale of -- marijuana illegally through its portal and banned chemicals in making bombs. And now the incident of selling poison through the...
Be careful with banning all cryptocurrencies in India: Experts
Business

Be careful with banning all cryptocurrencies in India: Experts

New Delhi, Nov 24: With the Indian government seeking to ban all private cryptocurrencies in the upcoming Crypto bill 2021, experts and leading industry players on Wednesday said that provisions relating to "banning" private cryptocurrencies would have to be looked at very carefully.The...
Equity indices extend losses: RIL, SBI in red
Business

Equity indices extend losses: RIL, SBI in red

Mumbai, Nov 22: The 30-scrip Sensitive Index (Sensex) on Monday opened on a negative note during the morning trade session.At 10 a.m. the S&P BSE Sensex of the BSE traded at 59,235 points, down 0.67 per cent. It opened at 59,710 points from the previous close of 59,636 points. Till now it...
Fuel prices static as Oil cos keep petrol, prices unchanged
Business

Fuel prices static as Oil cos keep petrol, prices unchanged

New Delhi, Nov 19: Consumers continue to get relief from rising fuel prices as oil marketing companies (OMCs) have kept pump prices of petrol and diesel unchanged post revision of duties by the state governments on Diwali eve.Accordingly, petrol and diesel prices remained static for the 15th...
Paytm shares make tepid debut; list with over 9 pc discount
Business

Paytm shares make tepid debut; list with over 9 pc discount

New Delhi, Nov 18: Shares of One97 Communications Ltd, Paytm's parent company, on Thursday made a tepid market debut, listing with a discount of over 9 per cent from the issue price of Rs 2,150. The stock was listed at Rs 1,955, slipping 9 per cent from the issue price on the BSE. It then tumbled...
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